Technical Analysis

ISBN-13: 9780471020516 / Angielski / Twarda / 1995 / 800 str.

Jack D. Schwager

Opis

This is a comprehensive guide to technical analysis in the futures market. Starting with an expanded overview of classical chart analysis, Schwager then explores the structure and design of a variety of technical trading systems and demonstrates their application in real markets. He offers tips on how to test and optimize trading systems and highlights both the benefits and the potential weaknesses of a wide range of technical analysis techniques.

Spis treści

Partial table of contents:

CHART ANALYSIS.

Charts: Forecasting Tool or Folklore?

Trends.

Trading Ranges.

Chart Patterns.

Is Chart Analysis Still Valid?

Setting Objectives and Other Position Exit Criteria.

Linking Contracts for Long–Term Chart Analysis: Nearest Versus Continuous Futures.

REAL–WORLD CHART ANALYSIS.

Real–World Chart Analysis.

OSCILLATORS AND CYCLES.

Cycle Analysis of the Futures Markets (R. Mogey & J. Schwager).

TRADING SYSTEMS AND PERFORMANCE MEASUREMENT.

Examples of Original Trading Systems.

Testing and Optimizing Trading Systems.

PRACTICAL TRADING GUIDELINES.

Eighty–Two Trading Rules and Market Observations.

Index.

O autorze

JACK D. SCHWAGER is the CEO of Wizard Trading, a Commodity Trading Advisor firm that currently manages over $75 million. He is also the Director of Futures Research for Prudential Securities, Inc. and has 22 years′ experience heading up futures research departments.

Mr. Schwager is the author of the highly regarded A Complete Guide to the Futures Markets, published by Wiley, and the bestselling Market Wizards and The New Market Wizards. His writing has appeared in many publications, including The New York Times and Forbes. Much in demand as a speaker, he has lectured on a range of analytical topics, with a particular focus on great traders, technical analysis, and trading system development and evaluation.

Blurb

The definitive guide to technical analysis . . . written from a trader′s perspective

With the keen insight and perspective that have made him a market legend, Jack D. Schwager explores, explains, and examines the application of technical analysis in futures trading. In the most in–depth, comprehensive book available, the bestselling investment writer demonstrates why he is one of today′s foremost authorities. Here is the one volume no trader should be without.

"Jack Schwager has accomplished the rarest of feats in this book. He has presented material in a way that both the professional and layman can profit from. It is a must read for traders on all levels." – Stanley Druckenmillern Managing Director, Soros Fund Management

"Jack Schwager′s Technical Analysis is exactly what one should expect from this expert on futures. The book is comprehensive, thoroughly insightful, and highly educational. I recommend it to the beginner as well as the expert." – Leo Melamed Chairman, Sakura Dellsher, Inc.

"Jack Schwager possesses a remarkable ability to extract the important elements of complex, market–timing approaches, and distill that into something intelligible and useful. Not only is he able to present these ideas cleverly in an easily understood format, but he also demonstrates their application to the markets with clarity and precision." – Thomas R. DeMark Author, The New Science of Technical Analysis

"Jack Schwager′s book, A Complete Guide to the Futures Markets, was one of the best books I have read on futures trading. We give a copy of it to all our new analysts. Jack′s latest work, Technical Analysis, looks like a gold mine of information, adding significantly to the existing investment literature." – Monroe Trout President, Trout Trading Management Co.

Jack Schwager is one of the most important and visible figures in the futures industry today. His Market Wizards and The New Market Wizards are two of the bestselling finance titles of all time. Now, in the latest volume in the Schwager on Futures series, Technical Analysis, Schwager has created the most comprehensive guide ever for using technical analysis for futures trading. What makes Technical Analysis unique, besides its in–depth coverage, is that it is written from a trader′s perspective. Schwager doesn′t merely cover the subject, he explores what works and doesn′t work in the real world of trading.

Contains a comprehensive guide to chart analysis written with a particular focus on trading applications
∗ Includes a separate 200+ page section illustrating the use of chart analysis in the real world
∗ Details and illustrates several original trading systems
∗ Includes a self–contained primer on cyclical analysis
∗ Describes popular oscillators, the pitfalls in their common use, and guidelines to their successful application in trading
∗ Explains the concept and use of "continuous futures" and compares 10–year continuous futures charts with conventional nearest futures charts for all major U.S. futures markets
∗ Contains a section on trading strategy and philosophy, including over 100 trading tips

Hundreds of charts, tables, and examples illustrate key points throughout, while the text is written in the informative, insightful, and nontechnical style that has made Jack Schwager one of the most highly regarded and bestselling investment authors ever. This invaluable book by one of the world′s foremost authorities is destined to become the premier industry guide on technical analysis for many years to come.