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Time
Compression
Trading
Exploiting Multiple Time
Frames in Zero-Sum Markets
JASON ALAN JANKOVSKY
John Wiley & Sons, Inc.
Copyright
C
2010 by Jason Alan Jankovsky. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
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Library of Congress Cataloging-in-Publication Data
Jankovsky, Jason Alan, 1961-
Time compression trading : exploiting multiple time frames in zero sum
markets / Jason Alan Jankovsky.
p. cm. – (Wiley trading series; 460)
Includes index.
ISBN 978-0-470-56494-3; ISBN 978-0-470-89248-0 (ebk);
ISBN 978-0-470-89249-7 (ebk); ISBN 978-0-470-89250-3 (ebk)
1. Investment analysis–Psychological aspects. 2. Speculation–Psychological
aspects. 3. Competition. 4. Time perspective. I. Title.
HG4529.J36 2010
332.6401 9–dc22
2010014482
Printed in the United States of America.
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Contents
Preface
Acknowledgments
Introduction
v
xi
xiii
PART I
The Uniqueness of Zero-Sum Markets
Basics of Zero-Sum Markets
Who Is the Market?
The Four Components of
Market Structure
The Illusion of Technical Analysis
The Psychology of Initiating
and Liquidating a Position
1
3
13
CHAPTER 1
CHAPTER 2
CHAPTER 3
23
33
CHAPTER 4
CHAPTER 5
41
49
51
PART II
The Theory of Time Compression
The Development of the Theory
Time Compression and
Technical Analysis
Forced Liquidation and Order
Flow
CHAPTER 6
CHAPTER 7
59
CHAPTER 8
67
iii
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