In Value in Time, Pascal Willain provides breakthrough new technical analysis tools that show you how to see through market manipulations and become a better, smarter trader. This unique guide contains insights that will take your trading to the next level.
This book is therefore about ﬁnding out what insiders are doing, what large funds are doing, what traders’ expectations are, and how the equilibrium between supply and demand evolves. It is also about understanding when large funds are moving in and will eventually establish a new price trend, as well as knowing what buying power is necessary to support a trend, what will break trends, and when trends will be broken. In short, it is about reading the markets instead of guessing about them.
This book, Value in Time is divided in two regular parts, followed by a bonus section. The ﬁrst part describes in detail the four new tools that I developed in order for each of them to ﬁnd a solution to a speciﬁc problem. The second part integrates the various tools into trading strategies, and I show what works and what does not for either retail players or fund managers. Part Three, the bonus section, shows how to adapt the tools to sector analysis.
Part One: The Set of Tools That Will Change Technical Analysis: I developed the sets of tools presented in this section because I needed them for my own trading. Each tool addresses a speciﬁc issue with only one goal in mind: to better understand the market. I am convinced that these new methods of measuring the market have the power to change technical analysis as we know it today. The industry will be slow to adapt, but in the end, I believe that the tools that provide a better measure of the market forces will prevail.
Part Two: Trading Strategies: After developing in the previous section a set of new tools that can be used independently, this section shows how these tools can be combined into various trading strategies. These trading strategies are tested against a buy/hold trading method not only in terms of risk/return balance, but also in terms of the total efforts that a trader must invest in order to sort out the best trading opportunities.
Part Three: The Bonus Section: This part is called a bonus section because it opens the door to the understanding of different facets of trading using the trading tools introduced in Chapters 1 to 4.
- Effective Volume: An Open Window into the Market
- Price and Value: The Active Boundaries Indicator
- When Volume Diverges from Price
- Supply and Demand: The Key to Trading
- Performance: The Risk/Return Balance
- Automated Trading Systems
- The Market Is a Two-Way Street: Shorting Strategies
- Market and Sector Analysis