單根K線的預測能力,The Predictive Power of Single-Line Patterns of Candlestick Charting

單根K線的預測能力,The Predictive Power of Single-Line Patterns of Candlestick Charting PDF Author: 呂宗勳
Publisher: 索引數位股份有限公司
ISBN: 9869343503
Category : Business & Economics
Languages : en
Pages :

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Book Description
Candlestick technical analysis is an old trading technique that tracks the short-term price movements by employing the relationship between open, high, low, and close prices. The purpose of this thesis is to examine the predictive power of candlestick trading strategies by using the Taiwan 151 component stocks daily data for the period from 2 January 1992 to 31 December 2009. The main contribution of this thesis is using a fourprice- level approach to categorize the single-line patterns constructed by candlestick charting in a systematical manner. The approach adopted in this thesis permits us to release for the limitation of recognition in a manner not previously possible. Moreover, we not only consider transaction costs and risk but also mitigate data-snooping problems conscientiously by several appropriate methods, including the bootstrap methodology and sub-sample and out-of-sample tests. We find evidence that four patterns are profitable for the Taiwan stock market after transaction costs, including one bullish pattern and three bearish ones. K線技術分析是一種歷史悠久的交易技巧,它利用開盤價、最高 價、最低價與收盤價來追蹤短期價格的變動。本文的目的是以台灣加權 指數151支成份股,1992年1月2日到2009年12月31日的日資料為樣本來 檢驗K線交易策略的預測能力。最主要的貢獻是本文使用一個系統化的 檢驗方式-四價分析法,這方法可以將單根K線完整地分類。這個方法也 解除了過去對K線型態認定上的限制。另外,我們不只考慮了交易成本 與風險,也用了數種適當的方法來解決資料探勘的問題,包括拔靴法以 及切割樣本和樣本外檢驗。本文的結論發現,在扣除交易成本後,有四 種單根K線確實在台灣股市具有獲利能力,其中包含一個買進訊號與三 個賣出訊號。

單根K線的預測能力,The Predictive Power of Single-Line Patterns of Candlestick Charting

單根K線的預測能力,The Predictive Power of Single-Line Patterns of Candlestick Charting PDF Author: 呂宗勳
Publisher: 索引數位股份有限公司
ISBN: 9869343503
Category : Business & Economics
Languages : en
Pages :

Get Book Here

Book Description
Candlestick technical analysis is an old trading technique that tracks the short-term price movements by employing the relationship between open, high, low, and close prices. The purpose of this thesis is to examine the predictive power of candlestick trading strategies by using the Taiwan 151 component stocks daily data for the period from 2 January 1992 to 31 December 2009. The main contribution of this thesis is using a fourprice- level approach to categorize the single-line patterns constructed by candlestick charting in a systematical manner. The approach adopted in this thesis permits us to release for the limitation of recognition in a manner not previously possible. Moreover, we not only consider transaction costs and risk but also mitigate data-snooping problems conscientiously by several appropriate methods, including the bootstrap methodology and sub-sample and out-of-sample tests. We find evidence that four patterns are profitable for the Taiwan stock market after transaction costs, including one bullish pattern and three bearish ones. K線技術分析是一種歷史悠久的交易技巧,它利用開盤價、最高 價、最低價與收盤價來追蹤短期價格的變動。本文的目的是以台灣加權 指數151支成份股,1992年1月2日到2009年12月31日的日資料為樣本來 檢驗K線交易策略的預測能力。最主要的貢獻是本文使用一個系統化的 檢驗方式-四價分析法,這方法可以將單根K線完整地分類。這個方法也 解除了過去對K線型態認定上的限制。另外,我們不只考慮了交易成本 與風險,也用了數種適當的方法來解決資料探勘的問題,包括拔靴法以 及切割樣本和樣本外檢驗。本文的結論發現,在扣除交易成本後,有四 種單根K線確實在台灣股市具有獲利能力,其中包含一個買進訊號與三 個賣出訊號。

Japanese Candlestick Charting Techniques

Japanese Candlestick Charting Techniques PDF Author: Steve Nison
Publisher: Penguin
ISBN: 9780735201811
Category : Business & Economics
Languages : en
Pages : 334

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Book Description
The ultimate guide to a critical tool for mastering the financial markets A longstanding form of technical analysis, Japanese candlestick charts are a dynamic and increasingly popular technical tool for traders of all skill levels. Known for its versatility, this ancient charting can be fused with every other technical tool available, including traditional Western technical analysis. Japanese Candlestick Charting Techniques is the most comprehensive and trusted guide to this essential technique. Informed by years of research from a pioneer trader, this book covers everything you need to know, including hundreds of examples that show how candlestick techniques can be used in all of today’s markets. This totally updated revision focuses on the needs of today’s traders and investors with: • All new charts including more intra-day markets • New candlestick charting techniques • More focus on active trading for swing, online and day traders • New Western techniques in combination with candles • A greater spotlight on capital preservation. From speculation and hedging to futures and equities, candlestick charting is the next level up for both amateur day traders and seasoned technicians, and this book provides expert guidance for putting it into action.

Getting Started in Candlestick Charting

Getting Started in Candlestick Charting PDF Author: Tina Logan
Publisher: John Wiley & Sons
ISBN: 1118045300
Category : Business & Economics
Languages : en
Pages : 279

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Book Description
If you want to gain an edge in today’s competitive markets, adding the candlestick methodology to your repertoire of technical analysis skills is essential. Getting Started in Candlestick Charting can help you achieve this goal, whether you’re new to chart analysis or looking to enhance your understanding of the approach. This reliable resource covers thirty of the most widely recognized candlestick patterns and includes real-world charting examples backed by informative commentary.

The Candlestick Course

The Candlestick Course PDF Author: Steve Nison
Publisher: John Wiley & Sons
ISBN: 0471227285
Category : Business & Economics
Languages : en
Pages : 247

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Book Description
Expert instruction on the practical applications of candlestick charting Candlestick charting is more popular than ever before, with a legion of new traders and investors being introduced to the concept by some of today’s hottest investment gurus. Having introduced the candlestick technique to the West through two of his bestselling books, Steve Nison is regarded as a luminary in the field of candlestick charting. In his new venture, The Candlestick Course, Nison explains patterns of varying complexity and tests the reader’s knowledge with quizzes, Q&As, and intensive examples. In accessible and easy-to-understand language, this book offers expert instruction on the practical applications of candlestick charting to give every level of investor a complete understanding of this proven, profitable, and time-tested investing technique. Straightforward answers quickly clarify this easy-to-use charting method. This guide will allow readers to recognize and implement various candlestick patterns and lines in today’s real-world trading environment–giving them a noticeable edge in their trading activities

How the Stock Market Works

How the Stock Market Works PDF Author: Michael Becket
Publisher: Kogan Page Publishers
ISBN: 0749466413
Category : Business & Economics
Languages : en
Pages : 184

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Book Description
Now more than ever, people are being affected by the fluctuations in the global economy and by financial uncertainty - with major impacts on their savings, portfolios and pensions. Fully updated for this fourth edition, How the Stock Market Works tells investors what is being traded and how, who does what with whom, and how to evaluate a particular share or bond in light of rival claims from critics and admirers. From the practical consequences of being a shareholder to a basic coverage of the taxation regime, the book provides a wealth of information on individual product types as well as the key players themselves.

Behavioural Investing

Behavioural Investing PDF Author: James Montier
Publisher: John Wiley & Sons
ISBN: 0470687797
Category : Business & Economics
Languages : en
Pages : 740

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Book Description
Behavioural investing seeks to bridge the gap between psychology and investing. All too many investors are unaware of the mental pitfalls that await them. Even once we are aware of our biases, we must recognise that knowledge does not equal behaviour. The solution lies is designing and adopting an investment process that is at least partially robust to behavioural decision-making errors. Behavioural Investing: A Practitioner’s Guide to Applying Behavioural Finance explores the biases we face, the way in which they show up in the investment process, and urges readers to adopt an empirically based sceptical approach to investing. This book is unique in combining insights from the field of applied psychology with a through understanding of the investment problem. The content is practitioner focused throughout and will be essential reading for any investment professional looking to improve their investing behaviour to maximise returns. Key features include: The only book to cover the applications of behavioural finance An executive summary for every chapter with key points highlighted at the chapter start Information on the key behavioural biases of professional investors, including The seven sins of fund management, Investment myth busting, and The Tao of investing Practical examples showing how using a psychologically inspired model can improve on standard, common practice valuation tools Written by an internationally renowned expert in the field of behavioural finance

Profitable Candlestick Trading

Profitable Candlestick Trading PDF Author: Stephen W. Bigalow
Publisher: John Wiley & Sons
ISBN: 1118005805
Category : Business & Economics
Languages : en
Pages : 389

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Book Description
The updated edition to one of the most popular books on technical analysis Japanese candlestick charting and analysis is one of the most profitable yet underutilized ways to trade the market. Signals created by this unique method of technical analysis-represented in the form of graphic "candlestick" formations-identify the immediate direction and effects of investor sentiment through price movements, allowing traders to profit by spotting trend reversals before other investors. This updated version of Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits makes learning the method fast and easy by introducing specific patterns, as well as the psychology behind them. The book Details the most valuable aspect of technical analysis-reversal patterns-as well as reversal signals, including the Doji, the Hammer, the Hanging Man, Engulfing Patterns, and Dark Cloud Cover Explains continuation patterns and explores how they can help with the decision-making process during various trading periods Reveals how to find trading situations that have the maximum potential for profitability, the highest probability of success, and the least amount of risk Learn how to quickly search, view, and profit with candlestick formations with Profitable Candlestick Trading.

Nonparametric Statistics for Non-Statisticians

Nonparametric Statistics for Non-Statisticians PDF Author: Gregory W. Corder
Publisher: John Wiley & Sons
ISBN: 1118211251
Category : Mathematics
Languages : en
Pages : 199

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Book Description
A practical and understandable approach to nonparametric statistics for researchers across diverse areas of study As the importance of nonparametric methods in modern statistics continues to grow, these techniques are being increasingly applied to experimental designs across various fields of study. However, researchers are not always properly equipped with the knowledge to correctly apply these methods. Nonparametric Statistics for Non-Statisticians: A Step-by-Step Approach fills a void in the current literature by addressing nonparametric statistics in a manner that is easily accessible for readers with a background in the social, behavioral, biological, and physical sciences. Each chapter follows the same comprehensive format, beginning with a general introduction to the particular topic and a list of main learning objectives. A nonparametric procedure is then presented and accompanied by context-based examples that are outlined in a step-by-step fashion. Next, SPSS® screen captures are used to demonstrate how to perform and recognize the steps in the various procedures. Finally, the authors identify and briefly describe actual examples of corresponding nonparametric tests from diverse fields. Using this organized structure, the book outlines essential skills for the application of nonparametric statistical methods, including how to: Test data for normality and randomness Use the Wilcoxon signed rank test to compare two related samples Apply the Mann-Whitney U test to compare two unrelated samples Compare more than two related samples using the Friedman test Employ the Kruskal-Wallis H test to compare more than two unrelated samples Compare variables of ordinal or dichotomous scales Test for nominal scale data A detailed appendix provides guidance on inputting and analyzing the presented data using SPSS®, and supplemental tables of critical values are provided. In addition, the book's FTP site houses supplemental data sets and solutions for further practice. Extensively classroom tested, Nonparametric Statistics for Non-Statisticians is an ideal book for courses on nonparametric statistics at the upper-undergraduate and graduate levels. It is also an excellent reference for professionals and researchers in the social, behavioral, and health sciences who seek a review of nonparametric methods and relevant applications.

How to Day Trade

How to Day Trade PDF Author: Ross Cameron
Publisher: AuthorHouse
ISBN: 1504957733
Category : Business & Economics
Languages : en
Pages : 213

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Book Description
Success as a day trader will only come to 10 percent of those who try. It’s important to understand why most traders fail so that you can avoid those mistakes. The day traders who lose money in the market are losing because of a failure to either choose the right stocks, manage risk, and find proper entries or follow the rules of a proven strategy. In this book, I will teach you trading techniques that I personally use to profit from the market. Before diving into the trading strategies, we will first build your foundation for success as a trader by discussing the two most important skills you can possess. I like to say that a day trader is two things: a hunter of volatility and a manager of risk. I’ll explain how to find predictable volatility and how to manage your risk so you can make money and be right only 50 percent of the time. We turn the tables by putting the odds for success in your favor. By picking up this book, you show dedication to improve your trading. This by itself sets you apart from the majority of beginner traders.

The Growth Report

The Growth Report PDF Author: Commission on Growth and Development
Publisher: World Bank Publications
ISBN: 0821374923
Category : Business & Economics
Languages : en
Pages : 198

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Book Description
The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.