This title contains breakthrough technical analysis tools that will put traders in a better position to succeed. In his quest to become a profitable trader, author Pascal Willain developed three new technical tools, which represent a significant advancement in technical analysis: Effective Volume, Effective Ratio, and Active Boundaries. These tools, which are the first to take full advantage of decimalization, perform a minute-by-minute statistical analysis of the relationship between price and volume to measure a stock's supply/demand imbalance and the level of traders' expectation. In essence, Willain's approach allows him to track the behavior of large traders, providing an early indication of changes in trend. With "Value in Time", Willain skillfully outlines his successful trading system and reveals what readers must do to incorporate it into their everyday trading activities.
Foreword.Acknowledgments.Introduction: Revolution is at Your Doorstep.Part One. The Set of Tools that Will Change Technical Analysis.Chapter 1. Effective Volume.An Open Window into the Market.Traders Get a Secret New Tool: A Brief Introduction to the Trading Mechanisms and the Market Players.The Volume That Moves the Markets.The Effective Volume.Practical Examples of Effective Volume calculations.Technical section: How to calculate the separation volume.Improve Your Trading: Decide on the Big Picture.A Comparison with Traditional Tools.What We Learned Regarding Effective Volume.Chapter 2. Price and Value.The Active Boundaries Indicator.Buy Low.The traditional measure of "cheap".Why Do Trends Exist?Grandmothers Are Always Right!For Math Lovers: How to Calculate the Active Boundaries.What We Learned Regarding Active Boundaries.Chapter 3. When Volume Diverges from Price.Effective Volume: Two Arrows from One Bow.Price and Effective Volume Trends.Price-Volume Divergence Analysis.Examples of Divergence Analysis.How to Set the Optimal Analysis Window?Empty trading minutes.What We Learned Regarding Divergence Analysis.Chapter 4. Supply and Demand: The Key to Trading.The Supply/Demand Equilibrium.Funds' Strategies.Funds and Market Manipulation.What We Learned Regarding the Supply Analysis.Part Two: Trading Strategies.Chapter 5: Performance.The Risk/Return Balance.The Trading Strategy.Optimizing Profits.Minimizing Risks.Measures of Risk-adjusted Performance: The Sharpe and Burke Ratios.What We Learned in This Chapter.Chapter 6. Automated Trading Systems.The Production of Trading Signals.Trading Strategies.What We Learned in This Chapter.Part Three: The Bonus Section.Chapter 7. The Market Is a Two-Way Street.Shorting Strategies.The Short Sale "Tick Test" Rule.How to Use This Book's Tools for Short-Trading.What We Learned in This Chapter.Chapter 8. Market and Sector Analysis.When Is the Market Becoming Expensive?Sector Analysis.What We Learned in This Chapter.Sources.About the Author.Index.