696
Index
Preforecast period (PFP) price, 677–678
Premium(s):
definition of, 477
dollar value of option, 477–478
Price(s):
consumption and, 364
dollar price, 383
grain, 351
nonrandom, 587
preforecast period (PFP) price, 677–678
strike or exercise, 477
supply, demand and
swings (see Price swings)
target levels and, 356–357
Price changes, price series and, 285
Price envelope bands, 107–108
Price-forecasting models:
adding expectations as variable in, 380
demand and, 366–367
inflation and, 383
Price-indicator divergences, 171–172
Price levels:
nearest futures and, 91, 101
nearest futures price series and, 48
nominal, comparing, 355
price series and, 285
Price movements:
dramatic, 428
fitting news to, 431–432
linked series and, 286
parabolic, 585
trend-following systems and, 245, 246
Price oscillator, 163
Price quoted in, 5
Price reversals, 229
Price seasonality, cash versus futures, 389–390
Price-supporting organizations, 356
Price swings:
nearest futures and, 101
nearest futures price series and, 48
Price trigger range (PTR), 262
Probability:
distributions, 599–604
heads and tails coin tosses, 390
real versus, 390–391
Probability-weighted profit/loss ratio (PWPLR), 
550–551
Producer price index (PPI), 383
Pennants. See Flags and pennants
People’s Republic of China (PRC), 418
Percent retracement, reversal of minor reaction, 
179–180
Percent return, optimizing systems and, 297
Performance evaluation, visual. See Visual 
performance evaluation
Perishable commodities, 360
“Perpetual” (constant-forward) series, 281–282
Personality, trading method and, 576
Personal trading, analysis of, 565–566
Perspective:
keeping, 587
lack of, 351
Petroleum. See Crude oil market; Heating oil; 
Organization of the Petroleum Exporting 
Countries’ (OPEC); WTI crude oil
Philosophy, trading, 559, 578
Pivotal events, 422
Planned trading approach, 559–566
markets to be traded, 560
personal trading, analysis of, 565–566
planning time routine and, 563
risk control plan (see Risk control plan)
trader’s diary, maintaining, 565
trader’s spreadsheet, maintaining, 563–564
trading philosophy and, 559
Point-and-figure charts, 42–43
Population, definition of, 598
Population mean, estimation of, 607
Population regression line, 619–620
Populations and samples, 606
Position, trading around, 581–582
Position exit criteria, 189–204
change of market opinion, 204
chart-based objectives, 189
contrary opinion, 203–204
DeMark sequential, 199–203
measured moves, 190–193
overbought/oversold indicators, 198–199
rule of seven, 194–196
support and resistance levels, 196–197
trailing stops, 204
PPI. See Producer price index (PPI)
PRC. See People’s Republic of China (PRC)
Precious metals market. See also Gold market
carrying charges and, 446
demand and, 362