Grimes A. Quantitative Analysis of Market Data

N.-Y.: Hunter Hudson Press, 2015. - 43 p.Traders who understand the statistics and probabilities behind the movements of financial markets have to tools to find an enduring trading edge. This book is written to be accessible to the trader without a heavy mathematical background, and works toward a deep, intuitive understanding of statistical tools applied to market data. Avoid common missteps and develop the skills to put the odds in your favor.From author:
"I want to take a few moments and share some information on the new little book I have released. First, it is exactly what the title says: it is a primer, or first steps, in applying quantitative tools to market data. If you have a rigorous quantitative background, there might not be so much for you in this book (though you might find a few ideas that challenge some of your thoughts.) I wrote this book for the trader who might not understand where to begin or what tools might be useful in looking at market data. There are more and more tools that allow traders to run tests and do research on market tendencies, but these are dangerous unless the trader understands what he or she is doing and how these tools can be misleading.
You will understand why both means and medians are important. I hope you will begin to develop some intuition about why standard deviation matters. I also hope you’ll learn why most approaches to seasonality are flawed, and will come away deeply suspicious of many studies and stats that people throw around. As a bonus, I hope you’ll never be suckered into another argument that involves putting two or more price charts on the same graph!"