Sorry, this was our only copy - out-of-print now and very difficult to come by. Thanks for your price inquiry, however, for customer privacy reasons we don't disclose price. Tuesday, September 28, J. Ring-Bound, Brown with gilt titles to covers and spines.
Course Condition: Brand New. From Cyclic Concepts to Trading Decisions, 3. Setting up the Cyclic Model, 4. Setting up a Transaction, 5. How to Deal with Tops and Short Selling, 6.
Cyclic Analysis During a Transaction, 7. Terminating a Transaction, 8. How to Shape Strategy and Plan Capabilities, 9. Refining Your Capabilities, A Reference Summary of Cyclic Analysis -- Below is a partial review of the course by Edward Dobson, the President of the publisher Traders Press the publisher of the course Those knowledgeable about the history and background of the study of cyclical price behavior in the financial markets know full well the tremendous value of the pioneering research done in this area by the legendary J.
Hurst in the s. His seminal work, The Profit Magic of Stock Transaction Timing, is a classic in this area and is held in the highest esteem by cycles enthusiasts.
Few, however, are aware of the fact that Hurst, in addition to his classic book, also authored a full-fledged, fully comprehensive course, which teaches the student everything he or she needs to know to select and analyze data, produce trade signals, as well as enter, monitor and exit trades, based on the principles uncovered by Hurst's incisive research. The Hurst Cycles Course exposes the student, whether veteran trader or novice, to a method of trading based on the cyclic waves that underpin market price action.
The scope of the training encompasses the entire gamut of activities required to make any market trade in virtually any time frame. The fact that price charts exhibit visible price cycles only a relatively small percentage of the time does not militate against this approach. In fact, it is precisely this reason that gives Hurst's methodology its greatest value. Even when price is in a hard trend and does not exhibit an obvious cyclic pattern, it is underlain by a host of waves of various lengths and amplitudes.All rights reserved.
Related Pages. Figure 1. Read Kenny's Review. Free PDF Guide. Hurst's Cycle Phasing Analysis The first thing to notice is the grid at the bottom of the chart with the coloured diamonds and data. Cycles build upon each other to form composites and it can be very difficult to isolate individual cycles within the composite unless a phasing analysis is carried out.
When a long cycle is trending, its shorter component cycles tend to be swamped: their amplitudes are muted and they are therefore hard to pick out.
Similarly, during fast sell offs, cycles tend to compress in length, which again makes them difficult to identify. In order to resolve the composite into its component parts, the Hurst analyst phases the chart by picking out the cycle lows and marking their time locations in the grid.
Technical analysis reports using Elliott waves, chart patterns, trend trading strategies, Hurst cycles and other stock market time cycles analysis. Kennys Elliott Wave Analysis. The time locations of longest cycle troughs here the 54 month are marked in the top row; the next longest 18 month here in the row below and so on. Because of synchronicity, a long cycle trough contains all of the troughs of the shorter cycles, which is indicated by stacks of diamonds, for example at grid 20 to the left of the chart.
The real purpose of phasing analysis is to calculate the period and status of each cycle in the composite. Here we can see that the Long Monthly cycle the 18 month has an actual period of Finally, we can estimate when the next trough is due: for the 18 month it is between 21 December and 15 February Take a moment to study the grid and the diamond placements. This VTL was broken from above in August grid which means that the previous peak could be that of the 54 month cycle: thus, the status of the cycle in the lower grid is Strong Down.
The problem with this interpretation is that the most recent peak 5 April is higher than the purported 54 month peak in April While this is not impossible think of an Elliott Wave expanded flatthe more conservative approach is to plot the VTL from the origin through the second 18 month cycle low — 18 month VTL 2.
The 54 month cycle is comprised of three major components the 18 month rather than the more usual two, which gives you two choices. Here we will use the second VTL. If there is a downside cross of this line by prices somewhere between and then we know for certain that the next longer cycle the 54 month has reversed — this of course is very useful information and has important implications for downside risk going forward. However, it would also be a very late signal.
Stock market cycles
So is there any way to get a head start and call the top earlier? One way would be to look at the status of the shorter component Hurst cycles. A twenty week cycle VTL has been drawn towards the end of the data in olive and this looks vulnerable to a breakdown —in fact it has broken on the daily chart. If this VTL goes then we know that the 40 week cycle peak is in place. Since an 18 month cycle consists of two 40 week cycles, this first peak could also be that of the 18 month cycle. Alternatively, the 18 month cycle peak could come higher and later.
We need some additional evidence to convince us that the upcoming 40 week cycle peak will not be exceeded and is therefore also the top of not only the 18 month cycle, but also the long 54 month. A black 18 month FLD has been plotted and prices crossed up through it on 27 January grid at 1, Subtracting the 18 month cycle low on 7 October at 1,In five years?
If so, what is the risk involved? These are the kinds of questions to which this work is addressed. Such fantastic results are possible in the stock market. Individual issues fluctuate widely enough and often enough to permit this and more.
An actual trading experiment will be described using these principles which produced an 8. The answer is complex, but the elements are simple: effort, knowledge and psychological barriers. Any goal this worthwhile requires time and effort. Most investors, amateur and professional do not have the kind of analytical background needed to shear through rumor, opinion, and adage to get at the basis of why stock prices change. And finally, even with knowledge in hand, many investors lack training in the emotion-logic balance required for success.
Nevertheless, all of these obstacles can be overcome. It is the purpose of this book to provide you with the essentials. The results are yours if you care to apply yourself with sufficient intensity.
Investment operations will be presented here in a deliberately unorthodox manner. We will turn our backs firmly on all cliches, adages, and market lore that will not withstand critical scrutiny. Where necessary, we will not hesitate to form new ones that do fit the facts.
JM Hurst Cycles Analysis
It is further shown that this potential cannot be exploited in an optimum manner without a large improvement in transaction-timing capability that cannot be achieved using tradional investment methods. The problems of trading techniques and methods are dealt with directly.
Enough methods and references are included to permit further research if desired. Get J. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Post comment. Skip to content. Hurst J. Description Reviews 0 Description J.These are the kinds of questions to which this work is addressed. Such fantastic results are possible in the stock market.
Individual issues fluctuate widely enough and often enough to permit this and more. Techniques are presented here that put an average yield on. An actual trading experiment will be described using these principles which produced an 8.
If such results can be attained in the market -- why isn't everyone doing it? The answer is complex, but the elements are simple: effort, knowledge and psychological barriers. Any goal this worthwhile requires time and effort. Most investors, amateur and professional do not have the kind of analytical background needed to shear through rumor, opinion, and adage to get at the basis of why stock prices change. And finally, even with knowledge in hand, many investors lack training in the emotion-logic balance required for success.
Nevertheless, all of these obstacles can be overcome. It is the purpose of this book to provide you with the essentials. The results are yours if you care to apply yourself with sufficient intensity. Investment operations will be presented here in a deliberately unorthodox manner. We will turn our backs firmly on all cliches, adages, and market lore that will not withstand critical scrutiny. Where necessary, we will not hesitate to form new ones that do fit the facts. You will find here that the big money in investing stems from the principle of "profit compoundingof short-term trades.
It is further shown that this potential cannot be exploited in an optimum manner without a large improvement in transaction-timing capability that cannot be achieved using tradional investment methods. You will be exposed to: a concept of profit maximization; a model of stock price motion with prediction implications; an explanation of why chart patterns formand how to use this knowledge to your profit; step-by-step methods for using the price-motion model to generate definite "wait," "buy," "hold," "sell," "sell short," "cover short," and "protect profit" signals; an explanation of why moving averages work and how to design your own for use in transaction timing; a complete trading method: how to select issues, how to analyze them for action signals, and how to improve your chances of turning and keeping a profit; the extent to which you should be concerned by chance factors, whether or not you should sell in case of war or financial crisis; the reasons why psychological considerations can affect your profits and what you can do about it; an introduction to numerical analysis and spectral analysis, upon which the results on the book are based.
The problems of trading techniques and methods are dealt with directly. Enough methods and references are included to permit further research if desired. Goodreads helps you keep track of books you want to read. Want to Read saving….
J.M. HURST CYCLE TRADING WITHOUT THE ROCKET MATH - So Easy to Use It's Like Ethical Cheating
Want to Read Currently Reading Read. Other editions. Enlarge cover.Harmonic Trading is a methodology that utilizes the recognition of specific price patterns and the alignment of exact Fibonacci ratios to determine highly probable reversal points in the financial markets.
This methodology assumes that trading patterns or cycles, like many patterns and cycles in life, repeat themselves. The key is to identify these patterns, and to enter or to exit a position based upon a high degree of probability that the same historic price action will occur. If these set-ups are identified correctly, it is possible to identify significant opportunities with a very limited risk. One of the most comprehensive references to Harmonic Trading was outlined by J.Hurst Cycles: Performing a phasing analysis (part I)
Hurst in his cycles course from the early s. His Principle of Harmonicity states:. Hurst, J. Hurst Cycles Course, Greenville, S. The important concept to grasp is that price waves or distinct price moves are related to each other. Futhermore, price patterns that are quantified by the alignment of precise ratios manifest these relationships, and provide a means to determine where the turning points will occur. When these turning points are identified correctly, trades are executed at a price level where the cycle is changing.
Essentially, this type of trading is respecting the natural ebb and flow of buying and selling. For example, when a stock is bought at this turning point, the majority of the selling that has driven the price down is very close to ending.
Harmonic Pattern Collection for eSignal
Quite often, the harmonic techniques identify trades at or very close to the exact reversal point. It is important to note that Harmonic Trading works on any time frame — intra-day, daily, weekly or monthly charts.
However, hourly charts provide excellent set-ups for shorter-term or day trades. It is also amazing that these methods work on longer-term charts, as well.
Weekly or monthly charts are excellent measures of historically critical areas in the financial markets.
The most important principle inherent within the Harmonic Trading approach is the ability to differentiate various types of cyclical price action that adheres to specific structural and ratio conditions. Price fluctuations represent cycles of growth rally and decline sell-off. In doing so, trades are executed at those areas where the natural rhythm of the market is changing. If the term "harmonic patterns" sounds a bit exotic or otherwise non-mainstream, don't be fooled.
Harmonic patterns are based on very mainstream concepts such as support, resistance, retracements, and extensions which have been actively used by traders for decades. The patterns themselves are simply a method of packaging a sequence of events that tend to repeat in the financial markets, and tend to be profitable.
The Harmonic Pattern Collection was developed specifically for the eSignal platform and takes full advantage of the power and flexibility of their chart and watchlist components. The product is ready to use right out of the box.Gann J. There are, in my opinion, two reasons:. Hurst defined eight principles which like the axioms of a mathematical theory provide the definition of his cyclic theory.
These cycles are all harmonically related to one another their wavelengths are related by small integer values and their troughs are synchronised where possible, as opposed to their peaks. The principles define exactly how cycles combine to produce a resultant price movement with an allowance for some randomness and fundamental interaction. Just as it is impossible to conceive of the sum of two infinite numbers, it is impossible to define the result of combining an infinite number of cycles Credits: www.
The 9-Month Cycle. A lot of people follow it, and it is, I have come to believe, the most important cycle for use in intermediate-term market forecasting, because it helps us plan for and quickly identify the most important declines and rallies that we will encounter within the course of a year. Even if you are a short-term trader, it is essential that you be aware of the progress of the 9-Month Cycle so that you will be in tune with next higher trend.
The illustration above shows the basic structure of the 9-Month Cycle. As you can see, it consists of two Week Cycles, labeled as "Phase 1" and 'Phase 2". The most powerful rally during the 9-Month Cycle will normally occur during the first three months of the cycle as all three nesting cycles are combined in a united upward move. Conversely, the period when the market is most vulnerable to a significant decline is during the last three months of the cycle when all three cycles are moving downward together into their final troughs.
Email This BlogThis! Subscribe to: Posts Atom.You may see references to Cycle Finder in screenshots on this site, and in YouTube videos, and in the ebook. Please be aware that Cycle Finder is not available in the new. NET version of the free software that comes with this ebook. And keep the e-book free, with my compliments - that way, you risk nothing. If you have any other questions or concerns about the material you can call Peter at Please note that this liberal refund policy does not apply to multiple e-book purchases.
Wouldn't you like to have a trading assistant that told you where the market was going and which side of the market you should be on? Wouldn't it be even better if your trading assistant spoke clearly and directly and didn't always hedge his price and time forecasts? Wouldn't it be better still if he performed reliably in all markets and in all time frames exactly the same way? Gann, R. Elliott and J. Hurst useable and reliable even if they never consciously intended it quite the same way.
We believe that we have accomplished that with J. Hurst who established his place in trading history many years ago with his original work, The Profit Magic of Stock Transaction Timing. The full implementation of Hurst's work is not for the mathematically challenged as we were. We got his book in and spent months getting through it so that we could do his Fourier and digital filters, and print his cycle charts onto a dot matrix printer complete with envelopes and inverse averages.
It doesn't seem that long ago, but if you wanted to test with historical data then you needed a room full of Barrons and the WSJ. They were, however, like watching an eight inch wide charting ticker tape go through time. The more charts we watched while they were printing the more we began to notice a dynamic process going on that was much more powerful and so much easier to visualize than trying to keep track of dates, periodicities and the possibly contradictory effects of half a dozen different cycles.
After a while, just by watching Hurst's special moving averages interact with each other, you could tell when price would stall or reverse on the dot matrix chart before it happened. And happen it did. Time after time after time.