You are previewing Mastering Hurst Cycle Analysis: A Modern Treatment of Hurst's Original System of Market Analysis.
O'Reilly logo
Mastering Hurst Cycle Analysis: A Modern Treatment of Hurst's Original System of Market Analysis

Book Description

One of the best classical methods of technical analysis brought up to date This book offers a modern treatment of Hurst's original system of market cycle analysis. It will teach you how to get to the point where you can isolate cycles in any freely-traded financial instrument and make an assessment of their likely future course. Although Hurst's methodology can seem outwardly complex, the logic underpinning it is straightforward. With practice the skill needed to conduct a full cycle analysis quickly and effectively will become second nature. The rewards for becoming adept are high conviction trades, tight risk management and mastery of a largely non-correlated system of analysis. In this extensive step-by-step guide you will find a full description of the principal tools and techniques taught by Hurst as well as over 120 colour charts, together with tables and diagrams. The Updata and TradeStation code for all of the indicators shown is also included.

Table of Contents

  1. Cover
  2. Publishing details
  3. Praise for Mastering Hurst Cycle Analysis
  4. About the author
  5. About this eBook
  6. Acknowledgments and thanks
  7. Introduction
    1. Overview
    2. How this book is structured
  8. 1. THE PROPERTIES OF CYCLES
    1. Introduction
    2. Basic Quantities
    3. Visualising Period and Amplitude
    4. How Cycles Combine
    5. Properties of Market Cycles
    6. Conclusion
  9. 2. BASIC TOOLS I: VALID TRENDLINES
    1. Trend and Trendlines
    2. The Concept of Trendlines
    3. Trend Direction
    4. Trend Strength
    5. The Real Nature of Trend
    6. The Valid Trendline (VTL)
    7. The Key Role Played by VTLs
    8. Conclusion
  10. 3. BASIC TOOLS II: DISPLACED CYCLES – THE FLD
    1. Introduction
    2. Properties of the FLD
    3. Plotting the FLD
    4. Applying FLDs
    5. FLD Combinations
    6. Conclusion
  11. 4. ISOLATING MARKET CYCLES
    1. Introduction
    2. Cycle Envelopes
    3. Phasing Analysis Set Up
    4. Conducting a Phasing Analysis
    5. Conclusion
  12. 5. ISOLATING MARKET CYCLES II
    1. Introduction
    2. Spectral Analysis
    3. Phasing Analysis – Daily Chart
    4. Conclusion
  13. 6. SELECTION, SET UP AND ENTRY
    1. Introduction
    2. Creating a Shortlist
    3. Scanning Charts
    4. Entering the Trade
    5. Short Selling
    6. Conclusion
  14. 7. MANAGING OPEN POSITIONS
    1. Introduction
    2. Case Study – JPMorgan Chase 2002/2003
    3. Conclusion
  15. 8. RSI AND ELLIOTT WAVE
    1. Introduction
    2. RSI and Elliott Wave – the Basics
    3. Case Study I: Gold, November 2008
    4. Case Study II: Euro/USD, January 2010
    5. Conclusion
  16. CONCLUSION
  17. APPENDICES
    1. Appendix 1: Elliott Wave Patterns
    2. Appendix 2: FLD Code
    3. Appendix 3: Inverse Moving Average Code
    4. Appendix 4: Cycle Envelope Code
    5. Appendix 5: Diamonds Grid and Numbers
    6. Appendix 6: Diamond Placement Code
    7. Appendix 7: Discrete Fourier Transform Code
    8. Appendix 8: Volatility Index code
  18. Recommended further reading
  19. The Sentient Trader