Applying Point of Control of Market Profile to Discover the Behavior of Entry Point on Short Term Trading of Taiwan Index Futures Market
|關鍵字:||市場輪廓理論;控制點;效率市場;臺灣指數期貨;Market Profile;Point of Control;Efficient Market Hypothesis;TAIEX Futures|
With financial market constantly changing, prices are often affected by many factors that we cannot predict its direction especially in the market correction. If investors want to make profits, they can find a relatively low-risk entry points. This thesis is based on Market Profile Theory to research displacement of point of control by its and point of control of historical trading day and also the change of time price opportunities counts to find the best extremely short-term entry and exit points. Finally, this thesis anticipate finding potential market behavioral knowledge through experiments and statistical analysis. That can help traders make profits in a very short-term trading, and confirm the Taiwan stock exchange capitalization weighted stock index(TAIEX) futures market does not meet the weak form efficient market hypothesis. This thesis found the point of control of historical trading day can be the entry point as a reference. The whole historical trading day using the point of control in five days as a reference has better profit performance. It also shows that the point of control has the most traders accept the price properties. When the point of control shifted to the new price in a very short-term, the difference between the time price opportunities counts separated from the point of control also can be the entry point as a reference. It confirmed that TAIEX futures market does not meet the weak form efficient market hypothesis.
|Appears in Collections:||Thesis|