Takes chart analysis one step further. Goes beyond buy triggers to examine price reactions in twenty of the most common chart patterns. Simply match your setup to one of the configurations presented and see - before you buy - how your trade will likely perform.
This easy-to-read reference book takes an in-depth look at 103 candlestick formations, from identification guidelines and statistical analysis of their behavior to detailed trading tactics. See how each candle is theoretically supposed to work and how it actually does work in both bull and bear markets, including rankings against other candlesticks and the psychology behind the pattern. You'll learn the best candle formations, and practical ways to trade each one.
Within the pages of this book, you’ll learn how to identify chart patterns, supported by easy-to-understand performance statistics describing how well a pattern works, what the failure rate is, and what special quirks suggest better future performance. You’ll discover how often a stop loss order will trigger at various locations within a chart pattern, how the chart pattern’s performance has evolved over the past three decades, and how to profit from failure by trading busted patterns.
The ideal guide for those interested in building long term wealth using the buy and hold strategy. Explains value investing and tests fundamental factors - such as book value, price-to-earnings and price-to-sales ratios - to see how important they are to stock selection and performance. Also analyzes position trading and how it introduces market timing to help remove the risk of buying and holding a stock for years.
Books for Beginners
Explains the nuts and bolts of how--exactly--to use chart patterns to make real money in trading. Superb training on how to detect and interpret the chart pattern "footprints" of smart money. Introduces more than 40 key chart formations, as well as trading tactics that can be used in conjunction with them. This is the practical, down-to-earth guidance you have been looking for in books on technical analysis.
Explains how to use chart patterns to swing and day trade. It first reviews the basics, then drills down into specific trading strategies, including the "inverted dead cat bounce", the opening range breakout and the opening gap setup. Includes new research on major reversal times.
Books for Beginners
Takes an in-depth look at money management, stops, support and resistance...and explores the four main trading styles people use when learning to invest in the stock market. This is the first book in the widely anticipated "Evolution of a Trader" series.