- Series: WhenToTrade
- Paperback: 324 pages
- Publisher: CreateSpace Independent Publishing Platform; 3 edition (August 17, 2017)
- Language: English
- ISBN-10: 1974658244
- ISBN-13: 978-1974658244
- Product Dimensions: 7.4 x 0.8 x 9.7 inches
- Shipping Weight: 1.6 pounds (View shipping rates and policies)
- Average Customer Review: 18 customer reviews
- Amazon Best Sellers Rank: #902,745 in Books (See Top 100 in Books)
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Decoding The Hidden Market Rhythm - Part 1: Dynamic Cycles: A Dynamic Approach To Identify And Trade Cycles That Influence Financial Markets (WhenToTrade) (Volume 1) 3rd Edition
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About the Author
Lars von Thienen holds a degree in engineering and management. He worked as a programmer, scientist, trader and business consultant for over 25 years. He has extensive experience in combining technical engineering know-how with economics and business-related issues.
Top customer reviews
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the software developed by the author. There is no code in the book , just examples from the software.
In fact, after being a serious student of cyclic analysis for many years including the work of JM Hurst, Walter Bressert, Ray Merriman, and the recent contributions of David Hickson, I will go out on a limb and rank the thought process behind this book as powerful as that of Hurst.
Hurst work was/is groundbreaking; problem is Hurst analysis relies on averages of cycle length and involves some subjective interpretation.
Lars has devised a mathematical approach to study real world cycles; cycles that expand and contract and sometimes invert and follow them in real time. And his approach is quite objective. For me, he provides a critical missing link.
This is a very clearly written book and I found the explanations and examples very easy to follow. But I am very familiar with this field so it might be a good idea to acquire some basic cyclic background before entering this world.
In any case, I give Lars 6 stars, 5 for his discoveries and an extra for his decision to share them
I have been part of this cycles group since the beginning and don't believe its just another book for a person hawking his software.at all.
The book gives you a precursor into the methodologies that Lars himself uses to trade and graciously has made available for public consumption
I personally bought the original book and now the updated version. I also have the software and have added some of the indicators to my trading platform. If you are into market cycles you won't be disappointed. For me it has been a fascinating discovery and enjoy using the software so I don't have to rely on someone else's commentary or I use it to double check other cycles publications that I receive.
Purchase the book to learn more about using his approach to trading market cycles. Then after consideration see if purchasing the software is a good fit for helping you become a cycles trader.
Let me start by debunking some myths. "Dynamic" cycles means that the spectral analysis is undertaken with each new bar of data so that the cycle analysis is optimised with the addition of each new bar. That is the breakthrough - in one sentence.
Anyone who is familiar with Dewey knows that the Fourier engine can be licensed from the Foundation for the study of cycles. The dynamic cycle plot which can be seen in youtube videos shows the DC (dominant cycle) and then the variation from the displaced moving average (A Hurst concept). This is easy to spot by eye. And anyone who has read Connie Brown's books knows that the optimum period for for an oscillator is half the dominant cycle. So it would be easy to make your own software with similar functionality and an Indian firm could code these concepts for very little outlay. In fact, most Fourier analyses on a daily time frame chart can produce similar results - mine certainly does and it is coded for my native platform. It is also "dynamic" in that it updates with each new bar.
As for the software, it is full of bugs with frequent error messages. It does not download data on restart making saved workspaces useless. The author went so far as to tell me that working with incomplete data is by design. So cycle analysis with an incomplete dataset could be a "feature"?
What the casual visitor to the website cannot see is the "Support" forum which is only unlocked after your pay for the software. In there, you will find user requests for even the most basic functionalities being ignored. There are also people who purchased the software and had to wait 2 weeks for an activation code.
So in effect, with the software purchase you are paying for the privilege of beta testing the software.
The main interest for the active trader is intraday. And here is where the cycles fail frequently and miserably. Price will often do the opposite of what the cycles are suggesting and the cycles will correct after the fact when the fourier has had the chance to catch up to the price action. So to trade with the DC, you will frequently lose money and then you will be presented with a different DC after your stop has been taken out. However, you will not find screenshots of this phenomenon since the disclaimer for the software forbids publication of screenshots under threat of legal action. Got something to hide?
The problem is that you only realise how weak the methodology is after you have purchased the software and by then it is a sunk cost. And once you made the purchase and realise that the software doesn't even download data to fill in the time between your computer being turned off to being turned back on, your mistake sinks in. Of course, the sale has been made and so the vendor has little incentive to listen to the support forum.
All in all, 50-50. Really not that different to other trading methodologies available to the public. You could probably do far better trading a MACD divergence with price trend-line break for confirmation. But of course, everyone wants a methodology that makes them feel smart. Best advice - invent your own methods.
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