global macro trading profiting in a new world economy pdf

Global macro trading profiting in a new world economy pdf professional#

Preface xiii Part One: An Overview Of Global Macro Chapter 1 Surveying the Global Macro Landscape 3 Types of Global Macro Strategies 3 Return Profile and Allocations 6 Hedge Funds and Global Macro 7 Summary 10 Chapter 2 Trading Process, Sizing Trades, and Monitoring Performance 11 Maintaining a Stringent Process 12 Objectivity and Bias 12 Taking Losses 15 Position Sizing 16 Unit Size 17 Volatility Adjusting Position Size 17 Risk/Reward 18 Correlation 19 Gap Risk 20 Position Sizing Sheet 21 Thematic Trade 21 Sharpe Ratio 22 Sortino Ratio 23 Drawdowns 23 Value at Risk (VaR) 23 Risk Utilization 24 Stress-Testing 26 Monitoring Performance 27 Trend Analysis 29 Bloomberg Shortcuts 31 Summary 31 Chapter 3 Back-Tests, Queries, and Analogs 33 Simple Back-Tests and Queries 33 An Example of Building a Query 34 Historical Correlations and Analogs 40 Summary 43 Chapter 4 The Building Blocks of Global Macro Trading:The Importance of Equities, Fixed Income, Foreign Exchange, and Commodities in Global Macro 45 The Four Product Groups 45 Assessing the Relationships between Assets 50 Summary 53 Chapter 5 Technical Analysis 55 Strengths and Weaknesses of Technical Analysis 55 Types of Charts 56 Volume and Open Interest 63 CFTC Positioning 64 Trend 66 Moving Averages 66 Bollinger Bands 67 Reversal Patterns 67 Head and Shoulders 68 Trend Lines 69 Triple Tops and Bottoms 69 Continuation Patterns 70 Triangles 70 Oscillators 71 Elliott Wave Theory 74 Parabolics 80 Seasonals 82 Cycles 83 Crowd Psychology and Contrarian Views 84 Chartered Market Technician (CMT) 87 Bloomberg Shortcuts 88 Summary 89 Contents ix Chapter 6 Systematic Trading 91 A Brief Definition of Systematic Trading 91 Framework for Constructing a Systematic Model 92 Assets or Product Groups 92 Strategies 93 Factors 97 Risk Factors 98 Risk Premia 99 Risk Parity 100 Summary 103 Part Two: Global Macro Trading Foundation Chapter 7 Foreign Exchange in Global Macro 107 The Role of the U.S. Provides a comprehensive overview of global macro trading, which consists of portfolio construction, risk management, biases and essentials to query building Equips the reader with introductions and tools for each of the four asset classes equities, currencies, fixed income and commodities Arms you with a range of powerful global-macro trading and investing strategies, that include introductions to discretionary and systematic macro Introduces the role of central banking, importance of global macroeconomic data releases and demographics, as they relate to global macro trading

Whether you are a retail investor, manage your own portfolio, or a finance professional, this book equips you with the knowledge and skills you need to capitalize in global macro. Greg Gliner, who has worked for some of the largest global macro hedge funds, shares ways in which an array of global macro participants seek to capitalize on this strategy, while also serving as a useful reference tool.

Global macro trading profiting in a new world economy pdf professional#

Brings global macro trading down to earth for individual and professional traders, investors and asset managers, as well being a useful reference handbook Global Macro Trading is an indispensable guide for traders and investors who want to trade Global Macro – it provides Trading Strategies and overviews of the four asset classes in Global Macro which include equities, currencies, fixed income and commodities.