Sophisticated and knowledgeable market participants are well aware of the fact that the majority of the time markets are in a nontrending, nondirectional mode. If one looks at current price and envisions a bell shaped distribution of future prices, the highest probability is that prices will be little changed .and the probability of significant price moves becomes lower and lower for any given time period the further one measures from the present price. In other words, the greatest probability is for little or no ...
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Sophisticated and knowledgeable market participants are well aware of the fact that the majority of the time markets are in a nontrending, nondirectional mode. If one looks at current price and envisions a bell shaped distribution of future prices, the highest probability is that prices will be little changed .and the probability of significant price moves becomes lower and lower for any given time period the further one measures from the present price. In other words, the greatest probability is for little or no significant price change and the lowest probability is for a large price move from present levels. This book shows how to take advantage of this fact, and how to utilize positions that will profit from nondirectional price movement, yet protect against serious losses in the event of large price moves. This is the first full length book on this subject, and will certainly be a welcome addition to the library of traders who wish to learn the fine art of nondirectional trading.
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