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MESA and Trading Market Cycles (Wiley Traders Exchange)
ISBN: 0471549436     Date Published: 1992-05     Author(s): John F. Ehlers
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Hardcover
Wiley
160 Pages
 
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06/20/2013 01:33:06
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Editorial Review - Book Description:


Written by the creator of MESA, a popular, proven and successful computerized trading system. Establishes a philosophical foundation for the existence of cycles in the market, detailing their basic characteristics. Traditional moving averages, indicators and momentum functions are examined from the cyclic perspective in order to confirm effects in the dynamic marketplace. All of the principles are combined in examples to illustrate how trading strategies can be altered to improve probability of establishing successful trades.
 
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Total Reviews: (5)
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44 of 51 People found the following review helpful.

A Theorist with communication skills problems, December 20, 2002 By A Customer This review is from: MESA and Trading Market Cycles: Forecasting and Trading Strategies from the Creator of MESA (Wiley Trading) (Hardcover) This book is just plain horrible. I am a trader and a cyclical investor. I am also an engineer with Engineering Mechanics background, and very familiar with the complex math explained by Ehlers. But let me tell you, for people without any background in math this book is an absolute waste of time. The most important thing that Ehlers should have focused, he simply forgot or ignored. The book fails to show real life examples with buy-sell signals using the indicator. It goes on and on along the theoretical lines of cycle analysis and it stays at that throughout the book.It would have been much more entertaining to explain the indicator and show real life examples. But from my experience as a researcher and writer of research articles, people from this field tend to embelish and emphasize the theoretical size while completely ignoring the pure and simple aspects.A simple cycle analysis done with moving average detrending as explained by Pring is much easier. Also, a simple look...
 
26 of 31 People found the following review helpful.

Important Update of a Gem of a Book, March 28, 2002 ByJim Geiger (Rochester Hills, MI USA) - See all my reviews This review is from: MESA and Trading Market Cycles: Forecasting and Trading Strategies from the Creator of MESA (Wiley Trading) (Hardcover) The broad trading public has been slow to recognize John Ehlers work to apply cycles methodologies (from the sciences) to trading markets .... which is good for those of use who have discovered Ehlers' work with MESA (Maximum Entropy Spectral Analysis). The first edition of this book is still the clearest and most concise discussion of applying cycles theory to markets I've ever read. This new edition retains all of the content of the first edition, but updates it with a lot of new and additional information from Ehlers' recent research into cycles and his development of trading indicators and tools.Many are familiar with the J.M. Hurst classic: "The Profit Magic of Stock Transaction Timing". Ehlers goes far beyond Hurst's pioneering work. Ehlers is an original thinker, applying new techniques and research using MESA to the market. Hurst was using a multi-million dollar mainframe in the 60's .... all of us have 10,000X more computer power sitting on our desktops...
 
8 of 9 People found the following review helpful.

Very Good Book, May 7, 2006 ByJohn W. Kercheval, III "Professor Kercheval" (Georgetown, Washington, DC) - See all my reviews This review is from: MESA and Trading Market Cycles: Forecasting and Trading Strategies from the Creator of MESA (Wiley Trading) (Hardcover) I was a disciple of John Ehlers' in the early 1990s when I bought the MESA3 and Epoch analysis programs (both for DOS) and my trading abilities improved greatly. I use those two programs to this day with superlative results. I cannot give a similarly positive review to his newer software offerings as I have not examined them personally and information provided to be by users who have indicated that their results were less than satisfactory. Ehlers' books are, in a large sense, amplifications of the instruction manuals of these progams and set forth the basis on which to study trading according to his ideas and theories. This book is an excellent read for both the casual and professional trader regardless of whether or not one actually uses his software. Ehlers is highly intelligent, extremely experienced, and the practical application of his theories is adequately explained herein. This work ranks as yet another significant...
 
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