Getting Started in Technical Analysis

ISBN-13: 9780471295426 / Angielski / Miękka / 1999 / 352 str.

Jack D. Schwager

Opis

Technical analysis is the art and science of deciphering chart patterns in order to better predict prices of a given security. Thousands of traders turn to technical analysis to guide their investments.

Spis treści

BASIC ANALYSIS TOOLS.

Charts: Forecasting Tool or Folklore?

Types of Charts.

Trends.

Trading Ranges and Support and Resistance.

Chart Patterns.

Oscillators.

Is Chart Analysis Still Valid?

TRADING ISSUES.

Midtrend Entry and Pyramiding.

Choosing Stop–Loss Points.

Setting Objectives and Other Position Exit Criteria.

The Most Important Rule in Chart Analysis.

Real–World Chart Analysis.

TRADING SYSTEMS.

Charting and Analysis Software.

Technical Trading Systems: Structure and Design.

Testing and Optimizing Trading Systems.

PRACTICAL TRADING GUIDELINES.

The Planned Trading Approach.

Eighty–Two Trading Rules and Market Observations.

Market Wiz(ar)dom.

Appendix.

Glossary.

Index.

O autorze

JACK D. SCHWAGER is the CEO of Wizard Trading, a commodity trading advisory firm that has been managing client funds since 1990. He is the author of The Complete Guide to the Futures Markets, Market Wizards, The New Market Wizards, Fundamental Analysis, and Technical Analysis.

Blurb

Revered by many, reviled by some, technical analysis is the art and science of deciphering price activity to better understand market behavior and identify trading opportunities. In this accessible guide, Jack Schwager–perhaps the most recognized and respected name in the field–demystifies technical analysis for beginning investors, clearly explaining such basics as trends, trading ranges, chart patterns, stops, entry, and exit and pyramiding approaches. The book′s numerous examples and clear, simple explanations provide a solid framework for using technical analysis to make better, more informed investment decisions and as the basis for mechanical trading systems. Along with Schwager′s invaluable trading rules and market observations culled from years of real–world trading experience, Getting Started in Technical Analysis offers in–depth coverage of:
∗ Types of charts–bar, close–only, point–and–figure, candlestick.
∗ Chart patterns–one–day, continuation, top and bottom formations, the importance of failed signals.
∗ Trading systems–trend–following, counter–trend, pattern recognition.
∗ Charting and analysis software–price data issues, time frame/trading style considerations, software research.
∗ he planned trading approach–trading philosophy, choosing markets, risk control strategies, establishing a trading routine.