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Jeffrey Tennant. Day Trading Using the MEJT System
Publishing details
About the author
Introduction
What the MEJT system is
What the MEJT system is not
How this book is organised
Identifying the MEJT bars
MEJT is different (very different) from other systems
Summary
Chapter 1: Ultimate Signals
Chapter 2: The Morning Signal
Step 1: There should be no unfilled gap
Step 2: Identify the reference bar
Step 3: The action of am+1 and am+2 determines if the market is attempting to trend
Step 4: The action of am+2 determines if a trending attempt will succeed
Step 5: Determine the minimum target for a sustainable move
Morning signal examples
Chapter 3: The Afternoon Signal
Step 1: Identify the reference bar
Step 2: The action of MEJT+1 and MEJT+2 determines if the market is attempting to trend
Step 3: The action of MEJT+2 determines if a trending attempt will succeed
Step 4: Determine the minimum target for a sustainable move
Afternoon signal examples
Chapter 4: Failed Targets
Chapter 5: A Random Back Test
Harriman House Instants. A Broom Cupboard of One’s Own: The housing crisis and how to solve it by boosting home-ownership
Day Trade Futures Safely For Reliable Profits: How to Use Smart Software to Develop Profitable Strategies and Automate Your Trading
How to Double your Wealth Every 10 Years (Without Really Trying)
How to Invest in Gold: A guide to making money (or securing wealth) by buying and selling gold
Kicking the Property Ladder: Why buying a house makes less sense than renting – and how to invest the money you save in shares, gold, stamps and more
Trading Triangles: How to trade and profit from triangle patterns right now!
Why Financial Markets Rise Slowly but Fall Sharply: Analysing market behaviour with behavioural finance
Отрывок из книги
Jeffrey S. Tennant, M.D., is an individual investor. Since 2002 he has been giving daily online analysis (most recently at www.timeandcycles.com) of the S&P 500 Index. He has relied heavily on the MEJT system to make his predictions, and he wrote his first book The MEJT System: A New Tool for Day Trading the S&P 500 Index because of the large number of requests he received from traders who wished to learn his methodology.
In addition to performing technical analysis of the stock market, which he has done for over 30 years, his lifelong interests include ophthalmology, trivia and chess. He and his wife, Noreen, have four grown children: David, Hilary, Andrew and Bradley.
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The MEJT system is based on charts with five minute bars. The three bars beginning at 9:05 Central time (one hour before New York time) are labelled am MEJT (am for short), am+1 and am+2. The am bar is identified by an arrow.
The am bar is also the default reference bar of the morning. If am+1 has a higher high and a lower low than am, it becomes the reference bar. If am+2 has a higher high and lower low than both am and am+1, then it becomes the reference bar. If the sequence of these three bars indicates a move in the morning is not sustainable, then prices are forecast to return to the reference bar. The reference bar is identified by dotted lines at its high and low.
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