Forex Wave Theory (A Technical Analysis for Spot and Futures Currency
Traders) is a Forex technical analysis book about the wave cycles
written by James L. Bickford. The purpose of this book is to answer the
most important questions of the technical analysis — where and when.
Where one wave starts and another finishes? Where are the critical
points for setting of the stop-loss and take-profit levels? When is the
right time to enter a position and when is the best time close it? Wave
theory isn’t something fundamental and monolithic — there are many
theories, many authors and many followers of different wave analysis
practices. This book tries to research the most prominent of the
theories and offer the practical methods of trading based on these
theories. The wave cycles of various periods, length, and depth are
described in details throughout the main part of the book. The final
chapters are dedicated to the advanced parts of trading with the waves
and dives into the theory of fractals.
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