Value in Time: Better Trading through Effective Volume - Hardcover

Willain, Pascal

Hardcover

ISBN 10: 0470118733 ISBN 13: 9780470118733

Publisher: Wiley, 2008

Synopsis

The “decimalization” of financial markets, has killed market visibility and, some believe, encouraged price manipulation. The only way investors and traders can now avoid becoming victims of insiders and manipulators is to use techniques that detect their moves. In Value in Time, Pascal Willain provides breakthrough new technical analysis tools that show you how to see through market manipulations and become a better, smarter trader. This unique guide contains insights that will take your trading to the next level.

About this title

From the Inside Flap

On April 9, 2001, a revolution in the technical analysis of stock trading began when traders started to use decimalization—measuring stock prices to the penny instead of in sixteenths of a dollar. The objective was to make the stock price fluctuations easier to understand for the general public—but the reality was that it killed market visibility and, some believe, encouraged price manipulation.

The only way that investors and traders can now avoid becoming victims of insiders and manipulators is to use techniques that detect their moves. In Value in Time, Pascal Willain provides breakthrough new technical analysis tools that show you how to see through market manipulations and become better, smarter traders.

Willain's three new tools—Effective Volume, Effective Ratio, and Active Boundaries—are based on how market players act; not on their behavior or on their potential reactions, but on their real, tactical moves. They show how to find out what insiders are doing, what large funds are doing, what traders' expectations are, and how the equilibrium between supply and demand evolves. They will help you to value a stock based on profit expectations, formulate clear price targets based on stock history, detect when large investors and insiders are moving in and out of a stock, and analyze the supply/demand balance during stock runs and pullbacks to determine if a trend change is imminent.

Willain explains each tool in detail and then shows how they can be used in specific trading strategies, in the process revealing the foundations of good trading: the discovery of value, the selection of the right buying trigger, and the management of the trade evolution. He includes specific examples of successful trades, misleading signals, and short trades.

Information leaks and price manipulations are routine occurrences in the markets, and the objective of these leaks and manipulations is to take advantage of others. Don't be the last one to know when something is happening in the market. Value in Time offers the breakthrough technical tools that will enable any investor to trade ahead of the news.

From the Back Cover

Praise for Value in Time

"You have opened a revolutionary book that explodes the envelope of standard technical analysis. It introduces several new tools that can help you recognize when a trend is likely to reverse. It reveals new ways to profit from trends and their reversals."
—From the Foreword by Dr. Alexander Elder

"Mr. Pascal Willain has discovered a new and powerful approach in stock analysis using price and volume, which he named 'Effective Volume.' For students of volume analysis, this book is a must-read. I have studied volume analysis in length, and I can say with confidence that his approach is on the money. He does not stop at stock analysis, but goes further into sector analysis to complete the trading plan. If you're interested in how the driving forces of the market work, then this book is for you."
—Tim Ord, President and Editor, The Ord Oracle market letter, and developer of Ord Volume software

"I very much like the original ideas expressed in this book and believe that the Effective Volume Indicator along with the Divergence Analysis of the Effective Volume Indicator would be useful in managing a portfolio. In fact, my tech group is now working to incorporate the Effective Volume analysis into our proprietary algorithms."
—Bill Cara, President of Cara Trading Advisors (Bahamas) Ltd., author of Lessons from the Trader Wizard, and editor of Cara's Trader Wizard Investment Reports

Edition details

• Publisher: Wiley
• Publication date: 2008
• ISBN 10: 0470118733
• ISBN 13: 9780470118733
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 386