Gregory L. Morris – författare

A practical, hands-on guide to building your mastery of candlestick charting and analysis

Candlestick charting has become one of today’s most popular technical analysis tools for both individual and professional investors. And it’s much easier than you probably think. In fact, creating a candlestick chart demands no more information than traditional charting requires. With candle pattern analysis, the payoff is a deeper look into the minds of investors and a clearer view of supply and demand dynamics.

In this companion volume to his bestselling Candlestick Charting Explained, Gregory L. Morris delivers hands-on knowledge you need to make candlestick charting and analysis a key element of your portfolio-building strategy. With this book you will be able to:

Identify candle patterns and quickly see what traders and investors are thinkingUse reversal patterns to enter or reverse your positionsIdentify continuation patterns to establish additional positionsUtilize charting software to recognize patterns automatically

Packed with study questions, data tables, diagnostic tools, terminology, sample charts, and market analyses, Candlestick Charting Explained Workbook helps you speed up the learning process and ramp up the profits.

Investing with the Trend provides an abundance of evidence for adapting a rules-based approach to investing by offering something most avoid, and that is to answer the “why” one would do it this way.  It explains the need to try to participate in the good markets and avoid the bad markets, with cash being considered an asset class.  The book is in three primary sections and tries to leave no stone unturned in offering almost 40 years of experience in the markets.

Part I – The focus is on much of the misinformation in modern finance, the inappropriate use of Gaussian statistics, the faulty assumptions with Modern Portfolio Theory, and a host of other examples.  The author attempts to explain each and offer justification for his often strong opinions.

Part II – After a lead chapter on the merits of technical analysis, the author offers detailed research into trend analysis, showing how to identify if a market is trending or not and how to measure it.  Further research involves the concept of Drawdown, which the author adamantly states is a better measure of investor risk than the oft used and terribly wrong use of volatility as determined by standard deviation.

Part III – This is where he puts it all together and shows the reader all of the steps and details on how to create a rules-based trend following investment strategy.  A solid disciplined strategy consists of three parts, a measure of what the market is actually doing, a set of rules and guidelines to tell you how to invest based upon that measurement, and the discipline to follow the strategy

A unique feature of this book is that it deals with sustainable management of river sediments by explicitly incorporating sediment management in the planning, design and operation of dams, both to extend reservoir life and to minimize downstream impacts of sediment starvation. This book takes a river system perspective first, explaining how dams (and other anthropic actions such as aggregate mining) disrupt continuity of sediment transport, the consequences of that disruption, and opportunities to sustainably manage sediments, especially by passing sediments through or around dams. The book also addresses the likely consequences of climate change on reservoir operation and sediment supply and transport. It is not the first book about reservoir sediment management, nor the most comprehensive. Rather, it has more emphasis on geomorphic and ecological processes in the larger fluvial system, emphasizes the fact that sustainable sediment management techniques could be applied much more widely than they are now, and it offers guidance as to when different techniques are applicable. It also explicitly critiques the conventional economics used in dam planning, and proposes alternative formulations that explicitly account for intergenerational equity as it relates to natural river systems and infrastructure (Annandale 2013).What the Book CoversThe book begins with an overview of river basin processes, including sediment transport, and effects of changed sediment supply (chapters 1-3). Chapter 4 covers upstream sediment management approaches such as check dams and soil conservation. Chapters 5-7 summarize sustainable sediment management in (and around/through) reservoirs. Chapter 8 explores sediment management in dam removals, usually the biggest issue in such projects. Chapter 9 provides a long-term perspective and explores the economics of managing reservoir capacity. Chapter 10 presents a set of case studies that compellingly illustrate the issues involved and opportunities to enhance sustainability, and Chapter 11 presents policy recommendations. The book will include simple, effective diagrams explaining fluvial geomorphic processes, human alterations, and sustainable sediment management techniques. Two examples are presented here. Figure 1, first published in Kondolf (1994), shows the zones of erosion, transport, and deposition of the ideal fluvial system as described by Schumm (1977), but with the addition of the analogy of a conveyor belt to emphasize that, viewed in geologic time, sediment is inevitably moving downstream through the zone of transport, and disruptions to this movement will have consequences. This figure has been reproduced and modified in subsequent publications by numerous authors. Figure 2, first published in Kondolf and Piégay (2010), depicts a fluvial system debouching on the coast and the effect of various anthropic actions on sediment production, transport, and deposition, and consequences for channel and coastal landforms.Contents1. Introduction (10pp)- continuity of fluxes through rivers: water, sediment, nutrients, biota- role of sediment in river systems- reservoirs and sustainable water supply and hydropower- influence of climate change2. Rivers, basins, and sediment processes (25pp)- Basin, idealized zones of erosion, transport, & deposition- coarse vs fine sediments- bedload vs suspended, bed material load vs washload- channel form and process, vegetation- sediment supply to coasts & deltas- role of sediments in fluvial ecology3. Changes in Sediment Supply (25pp)- mapping of sediment yield- effects of land use change (eg road construction, depopulation of rural areas)- effects of dams, `transparent’ vs `black hole’ reservoirs - effects of sand and gravel mining- anticipated effects of climate change5. Reservoir Sedimentation Management (40pp) - Upstream sediment supply management approaches- Routing - Sediment Removal - Efficiency of management strategies6. Sediment management and environmental consequences downstream of dams (40pp)- impact of dams on sediment budgets for rivers downstream of dams- ecological considerations related to sediment downstream of the dam. - remedial measures to offset downstream impacts- impacts of reservoir flushing- impacts of dredging (sediment discharge into the river vs. upland discharge)- impacts of reservoir sluicing flows - impacts of bypassing flows below reservoirs - coastal impacts and mitigation- impacts of reservoirs vs. other stressors (instream aggregate mining, flood channels, river training, elimination of floodplain storage, etc.)7. Managing sediment through multiple reservoirs (10pp)- sediment management for dams in series- sediment management for dams in parallel- the concept of dam cascades as a strategy to minimize overall impacts8. Sediment management during dam removal (15pp)- principles, techniques- case study: Elwha and Glines Canyon Dams, Elwha River - case study: San Clemente Dam, Carmel River9. Planning and managing reservoirs for sustainability (15pp)- intergenerational equity - balancing development (social) and environmental needs - reservoir storage – a renewable or exhaustible resource?- economics of exhaustible resources - dam siting- anticipating future sediment management in dam design- anticipating climate change- monitoring and evaluating effectiveness of sediment management10. Case studies (30pp) 5-6 to be selected from those listed below and others, for geographic and topical diversity- Mekong River –cumulative sediment trapping, delta impacts- Prado Dam, Santa Ana River – removing sediment from reservoir and introducing it downstream - Tarbela Dam – poor design and planning, effects on downstream river and infrastructure, sediment removal order of magnitude more expensive than original cost to build dam - Nile River – projected cumulative sediment trapping, transboundary impacts- Mississippi River – sediment starvation in delta- San Gabriel River – sediment routing, political constraints in urban area- Dahan River – sabo dams, Barlin dam failure, density current venting through Shihman Reservoir - Rhone River - ecological flushing - Kurobe River – coordinated flushing- Asahi River – bypassing11. Policy Recommendations (20pp)- all dam proposals/plans should address sedimentation- plan over sufficiently large temporal & spatial scales (addressing transboundary issues)- adopt a life-cycle approach to design/management of reservoirs- dams are not the only factor: - manage construction aggregate supply and demand on regional scale - consider channel-floodplain sediment exchange (eg, overbank sedimentation processes)

Written by two of the world's leading experts on sediment management, this report provides guidance on adopting sediment management practices for hydropower and water supply dam projects.