Essentials of Technical Analysis for Financial Markets

ISBN-13: 9780470537299 / Angielski / Miękka / 2010 / 304 str.

James Chen

Opis

Comprehensive, accessible guide to technical analysis and market trading strategies Essentials of Technical Analysis for Financial Markets is an all-encompassing handbook on navigating the financial markets successfully using technical analysis. Clearly written, easy-to-understand, and straightforward, this guide focuses on the key information needed by traders and investors to take on any financial market effectively.

• Easy-to-use, at-your-fingertips information on using technical analysis to trade all major financial markets
• Explains how to navigate the markets successfully, including the top techniques for entries, exits, and risk management
• Straightforward descriptions of proven technical trading methods and strategies
• Filled with technical analysis insights, charts, and examples

With financial markets in "roller coaster" mode, technical analysis offers a unique advantage for managing risk and finding high-probability trading opportunities. Packed with insightful tips and guidance, Essentials of Technical Analysis for Financial Markets provides proven trading strategies from one of today's top technical strategists.

Spis treści

Preface.

Acknowledgments.

1 Introduction to Technical Analysis: Pursuing Profit in the Financial Markets.

What Is Technical Analysis?

Technical versus Fundamental.

Methods.

What to Expect.

Summary.

2 The Story of Technical Analysis: From the Japanese Rice Markets to Dow Theory to Automated Trading.

The Beginning: Japanese Rice Markets.

Dow Theory.

Charting.

Elliott Wave.

W. D. Gann.

Indicators.

Trend Followers.

Market Technicians Association.

Technical Analysis Today.

Summary.

3 The Power of Technical Analysis: Principles of Price Action.

Introduction to Price Action Concepts.

Components of Price Action.

Summary.

4 The Basics of Technical Analysis: Bars, Candlesticks, Lines, and Point and Figure.

Bars and Candlesticks.

Line Charts.

Point–and–Figure Charts.

Summary.

5 The Heart of Technical Analysis: Uptrends and Downtrends.

Introduction to Trend.

Effect of Time Frames on Trend Determination.

Parallel Trend Channels.

Trend Lines.

Summary.

6 The Soul of Technical Analysis: Support and Resistance.

Introduction to Support and Resistance.

Support Becomes Resistance Becomes Support.

Summary.

7 Primary Drawing Tools: Trend Lines, Trend Channels, and Horizontal Support and Resistance.

Introduction to Drawing Tools.

Static Support and Resistance.

Dynamic Support and Resistance.

Horizontal Support and Resistance Lines.

Trend Lines.

Parallel Trend Channels.

Summary.

8 Chart Patterns: Bar Shapes and Candlestick Formations.

Introduction to Chart Patterns.

Continuation Bar Patterns.

Reversal Bar Patterns.

Gaps.

Candlestick Patterns.

Single–Candle Patterns.

Multiple–Candle Patterns.

Summary.

9 The World of Moving Averages.

Introduction to Moving Averages.

Moving Average Crossovers.

Moving Averages as Support and Resistance.

Summary.

10 Key Technical Indicators and Oscillators.

Introduction to Indicators and Oscillators.

Key Indicators.

Key Oscillators.

Summary.

11 Fibonacci and Elliott Wave.

Fibonacci Theory and Methods.

Elliott Wave Theory.

Summary.

12 Point–and–Figure Charting.

Introduction to Point and Figure.

Point–and–Figure Patterns.

Point–and–Figure Price Targets.

Summary.

13 Volume.

Introduction to Volume.

On–Balance Volume.

Tick Volume.

Summary.

14 Technical Trading Strategies: Practical Applications.

Introduction to Technical Trading Strategies.

Moving Average Crossovers.

Breakout Trading.

Trend Trading.

Range Trading.

Price–Oscillator Divergences.

Oscillator Trading.

Fibonacci Trading.

Positive Expectancy.

Summary.

15 Risk Control and Money Management.

Introduction to Risk Control and Money Management.

Stop–Losses.

Reward:Risk Ratio.

Maximum Allowable Loss.

Multiple Fractional Positions.

Diversification.

Summary.

Index.

O autorze

JAMES CHEN, CTA, CMT, is Chief Technical Strategist at FX Solutions, a global leader in foreign exchange trading. An expert on technical analysis and financial market trading, he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen contributes daily and intraday technical analysis to key financial media, is a frequent speaker at trading seminars, and has authored numerous articles on trading strategies and technical analysis in major financial publications. His previous book, Essentials of Foreign Exchange Trading (Wiley), has become an industry–standard guide for currency traders.

Blurb

Praise for Essentials of Technical Analysis for Financial Markets

"A serious, workmanlike book, a terrific introduction to technical analysis. Chen offers beginners a clear sample of methods and techniques from which a reader may choose in what to specialize."
Dr. Alexander Elder, www.SpikeTrade.com, author of Trading for a Living

"Wiley′s Essentials Series promises need–to–have fundamentals for professionals. With James Chen′s new book, it now delivers some need–to–have technicals as well."
Robert Prechter, Jr., founder/President of Elliott Wave International, Publisher of The Elliott Wave Theorist

"Trend trading technical analysis is the most important lesson for all investors and Essentials of Technical Analysis for Financial Markets is a great start. If you choose to ignore technical analysis, I guarantee a lifetime of very difficult money–making."
Michael Covel, author of Trend Following and The Complete TurtleTrader

Think of this as financial market technical analysis 101

A valuable resource for traders at all skill levels, Essentials of Technical Analysis for Financial Markets equips you with the knowledge you need to analyze any major financial market.

This accessible guide to the art and science of technical analysis points you to a wealth of essential methods for identifying potentially high–probability trading opportunities. Focusing on the key information you′ll need as a trader or investor, author and leading technical strategist James Chen helps you take on any financial market effectively, manage risk, and target profitability.

Take a look inside this indispensable book for world–class guidance on:

• How you can pursue profit in the financial markets using technical analysis

• Principles of price action analysis and trading

• Charts including bars, candlesticks, and point and figure

• The key concept of trend

• Support and resistance

• Making the most of financial drawing tools, chart patterns, indicators, and other essential elements of technical analysis

• Top technical trading strategies, risk control techniques, and money management concepts

Need the ultimate quick–start guide to technical analysis in the financial markets? Essentials of Technical Analysis for Financial Markets explains it all in a way that helps you hit the ground running and take your financial destiny into your own hands.

• Discover how technical analysis can dramatically improve your potential for success in trading and investing
• Understand the essential tools and methods of technical analysis to trade in any major financial market, including stocks, bonds, futures, and forex
• Explore the specific strategies technical traders use to make trading decisions and stack the odds in their own favor