Candlestick and Pivot Point Trading Triggers: Setups for Stock, Forex, and Futures Markets

ISBN-13: 9781119295532 / Angielski / Miękka / 2020 / 368 str.

John L. Person

Opis

Technical analysis for today's market, with smarter setups for less risk Candlestick and Pivot Point Trading Triggers +Website makes Pivot Point analysis relevant for today's market, with up-to-date data and new techniques that reflect the current trading environment. Tried-and-true tactics are modernized with new tools and approaches, and novel methodologies are introduced to help you make smarter trades while minimizing risk. Directional options strategies draw on analysis from Thinkorswim, TradeStation and Genesis Software, and are integrated with PPS Indicator and Persons Pivots. Quarterly pivots are introduced for long-term trading opportunities and option strategists, and leveraged and inverse-leveraged ETFs are brought into the detailed discussion on trading vehicles. The author's own proprietary setups have been updated to align with the new trading realities, and the new chapter on volume analysis covers the techniques used in his book Mastering the Stock Market. Combined with the tools and resources featured on the companion website, this book gives you the tools and techniques you need to boost your portfolio's performance. Technical analysis offers more profit opportunities than ever before, but the tools of the trade have changed. This book brings you up to date with the latest, so you can start getting even more out of your trades.

• Utilize leveraged and inverse-leveraged ETFs
• Integrate directional options strategies
• Apply new techniques for volume analysis
• Implement quarterly pivots for longer-term opportunities

The 2006 publications of this book's first edition brought pivot point and candlestick charting into the limelight. The market has undergone massive changes in the past ten years, and many of the most effective techniques have been adjusted and integrated with new tools to become even more effective in today's market. This new second edition of Candlestick and Pivot Point Trading Triggers +Website brings clarity to the current market, and strength to your investment strategy.

Spis treści

Acknowledgments xiAbout the Author xiiiIntroduction 1Things Change 1The Conundrum 2History Should Repeat Itself 2Delayed Reaction 3Trading for a Living 3The New Age Technician 4Chapter 1 Trading Vehicles, Stock, ETFs, Futures, and Forex 5Importance of a Rule-Based Approach 7Start Trading as a Business 8Education is the Key to Success 9Traders Need to Ask More Questions 11Risk Per Trade 14Number One Trading Focus--Risk Management 14Diversification is the Key to Success 15Habitual Winners Follow Trading Plans 15Investment Vehicles 19FX--Forex 19Stock Trading Opportunities 20Spread Trading Tips 23Become the Next Warren Buffett 27Long-Term Investing or Short-Term Trading 28Exchange-Traded Funds 28Personalized Mini-Mutual Fund 29Hot Sectors, Hot Stocks 30Currency ETFs 31Commodity ETFs 31The Hot Stock 32Futures Markets: Leverage System 35Futures Contracts 36Tandem Trading Techniques 39Stocks Influenced by Commodities 42Forex, the Currency Cash Machine 42Margin and Leverage 43Long and Short 44Benefits of Futures and Forex 44Insider Trading Information 49Summary 53Study the "Macro" Issues 53Chapter 2 Determining Market Condition 57Bullish, Bearish, or Neutral 57What Defines Momentum? 59What Makes a Successful Trader? 59Where's the Catch? 61Find the Clues! 62Be on Guard for Changes 65Forex Markets Fall Prey to Reversals 67Moving Averages Help! 68Filling in the Gap 70Chapter 3 How to Read Oscillators to Spot Overbought or Oversold Conditions 75Stochastics 76Rules to Trade By 77Stochastics Confirms the Turn 81Tips and Tricks to Help 82Stochastics Patterns 82Rules to Trade By 84MACD 86Summary 93Chapter 4 Momentum Changes: How to Spot a Trend's Strength or Weakness 95Volume as a Trend Indicator 96Overbought Market Condition--A Dead Giveaway 102Blow-Off Tops on Volume Spikes 103Volatility ETN ($XVV) versus SPY or E-mini S&P Futures 105Actionable Trade Concepts 106Chapter 5 Pivot Points: Determine Key Price Support and Resistance Areas and the Importance of Confluence 111Support and Resistance in Disguise 112Mathematical Calculations 114The Leading Indicator 114Possible Outcomes When Prices are Near Pivot Area 118Determine the Range 121Multiple Time Frame Analysis 121Filter Out Information Overload 124Predicting Highs and Lows Using the Calculations 124Filtering the Numbers 124Lining Up the Numbers 126Pivots Combined with Candles 128The Importance of Confluence 137Time and Price 137Volatility is Good--To a Degree 139Confluences Work at Tops 141Option Covered Call Strategy 147Summary 152Chapter 6 Pivot Point Moving Average System 153Determining Trend Direction 154Beat the Street 154The Simple Moving Average 154Trading Trigger Strategy 165Conditional Optimized Moving Average System 166PPS Indicator 167Trading Tips 169How Do I Start? 175Chapter 7 Candle Charts and Top Reversal Patterns 183Candlestick Charting 183Candle Formations 186The Doji 187Other Important Candle Patterns 189Candlestick Trading Strategies 202Chapter 8 Set-ups and Triggers: Combining Candles and Pivots 213High Close Doji 216Characteristics 217Triggers on Futures Markets 227Low Close Doji 231Characteristics 232Trading Rules 232Triggers on Futures Markets 239Triggers on Stocks 241The Best Predictive Indicator 242Summary 244Chapter 9 Risk and Trade Management: Setting Stops and Profit Targets 247Placing Stop Orders 249General Uses of Stop Orders 249Rising SAR calculation 257Falling SAR Calculation 257The Bottom Line 263Chapter 10 Projecting Entry and Exit Points: Learn to Scale Out 265Steps to Success 268Last Conditional Change 270Do Something Great 273Scale and Trail 274Integrate Pivot Points to Help Time Your Entries and Exits 275Buy Support, Sell Resistance 277Chapter 11 The Sample Analysis: The Proof is in the Back-Testing 281Seasonal Stock System 285History Lessons 286Which Strategy to Select? 288What About the MACD? 289What is the Best Day Trading Confirmation Trigger to Program? 296Show Me the Proof 298Money Management is the Key to Success 304What and When is the Best Time to Trade? 305Chapter 12 Confidence to Pull the Trigger Comes from Within 313Wait for the Trade Signals 316The Right Frame of Mind 320Track and Chart Your Trades 320Changes Since the 1st Edition 322Change Your Brain 323Simulated Trading 324Live by the Rules 326Index 327

O autorze

JOHN L. PERSON is the co-founder of J. Person Asset Management, the Algo system creator, and a respected member of the American Association of Professional Technical Analysts (AAPTA). His previous books were bestselling works on Amazon, which have created a loyal following and have popularized Candle and Pivot Point trading tactics. He is a favorite among the featured speakers at many of the premier Trading Conferences around the globe including Money Show and Traders Expo.