(From The Jacket) – Over a decade ago, when this groundbreaking guide was first published, the world of technical analysis had experienced vast change. Seemingly overnight, technological advances had utterly transformed the way market analysts performed their jobs. A growing army of professional technical traders, armed with global plug-and-play software, needed to improve their skills of price projection, timing, and risk management to weather the increasing market ranges and volatility.
“Technical Analysis for the Trading Professional” helped them achieve it. The word spread that this practical guide provided radical new uses and combinations of indicators and formulas — and it became an instant classic.
By comparison, today’s markets make those of 1999 look simple — so “Technical Analysis for the Trading Professional” has been expanded to reflect the author’s experiences over the past decade to bring you fully up to date. It provides comprehensive coverage of new techniques, as well as the timeless insight and tools that analysts will always need to maintain a competitive edge in the global financial markets, including:
- Explanations of why common oscillators do not travel between 0 and 100 and why signals develop in different ranges during bull versus bear market trends
- Expanded guidelines for the use of the Composite Index. Formulas are fully detailed for this custom oscillator that warn when the Relative Strength Index is failing to detect a trend reversal
- A comprehensive foundation of Gann analysis, with an explanation of how Gann Squares, the Gann Fan, and the Square of 9 are geometrically related to one another
- Methods for calculating Fibonacci retracements and swing projections in rapidly expanding or contracting markets
- A more expansive discussion of cycle analyses and their asymmetrical properties
Each chapter presents the given topic as a separate building block, moving step-by-step through 150 charts that lead toward new methods of price triangulation. The result enables you to pinpoint a market objective — even in the most extreme and volatile trading environment.
Use “Technical Analysis for the Trading Professional” to establish the trading dominance you need to excel in today’s uncertain markets.
TABLE OF CONTENTS
PART 1: Dispelling Some Common Beliefs About Indicators
- Chapter 1 – Oscillators Do Not Travel Between 0 And 100
- Chapter 2 – Dominant Trading Cycles Are Not Time Symmetrical
- Chapter 3 – Choosing And Adjusting Period Setup For Oscillators
- Chapter 4 – Dominant Trend Lines Are Not Always From Extreme Price Highs Or Lows
- Chapter 5 – Signals From Moving Averages Are Frequently Absent In Real-Time Charts
PART 2: Calculating Market Price Objectives
- Chapter 6 – Adjusting Traditional Fibonacci Projections For Higher Probability Targets
- Chapter 7 – Price Projections By Reverse-Engineering Indicators
- Chapter 8 – Price Objectives Derived From Positive And Negative Reversals In the RSI
- Chapter 9 – Gann Analysis: Calculating Price And Time Objectives
- Chapter 10 – Using Oscillators With The Elliott Wave Principle
PART 3: New Methods For Improving Indicator Timing And Filtering Premature Signals
- Chapter 11 – Volatility Bands On Oscillators
- Chapter 12 – The Composite Index
- Chapter 13 – The Principles Of Depth Perspective Applied To Two-Dimensional Charting