The Art & Science of Technical Analysis : Market Structure, Price Action & Trading Strategies

A breakthrough trading book that provides powerful insights on profitable technical patterns and strategies The Art and Science of Technical Analysis is a groundbreaking work that bridges the gaps between the academic view of markets, technical analysis, and profitable trading. The book explores why randomness prevails in markets most, but not all, of the time and how technical analysis can be used to capture statistically validated patterns in certain types of market conditions. The belief of the book is that buying and selling pressure causes patterns in prices, but that these technical patt

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Year of publication:	2012
Publisher:	Hoboken : John Wiley & Sons
Subject:	Finanzanalyse \| Financial analysis \| Marktstruktur \| Market structure \| Anlageverhalten \| Behavioural finance \| Theorie \| Theory

Extent:	Online-Ressource (856 p)
Series:	Wiley Trading ; v.546 Wiley trading series ; 544 Wiley Trading Ser ; v.548
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies; Contents; Preface; Acknowledgments; PART I The Foundation of Technical Analysis; CHAPTER 1 The Trader's Edge; DEFINING A TRADING EDGE; Expected Value; Where Does the Edge Come From?; The Holy Grail; FINDING AND DEVELOPING YOUR EDGE; Why Small Traders Can Make Money; GENERAL PRINCIPLES OF CHART READING; Choosing Time Frames; Bars, Candles, or Other Choices; INDICATORS; THE TWO FORCES: TOWARD A NEW UNDERSTANDING OF MARKET ACTION; PRICE ACTION AND MARKET STRUCTURE ON CHARTS; Pivot Points Length of SwingReading Inside the Bars; CHARTING BY HAND; CHAPTER 2 The Market Cycle and the Four Trades; WYCKOFF'S MARKET CYCLE; Accumulation-Building a Base; Markup: The Classic Uptrend; Distribution-The End?; Markdown: The Bear Market; The Cycle in Action; THE FOUR TRADES; Trend Continuation; Trend Termination; Support or Resistance Holding; Support or Resistance Breaking or Failing; SUMMARY; PART II Market Structure; CHAPTER 3 On Trends; THE FUNDAMENTAL PATTERN; Fractal Markets; TREND STRUCTURE; Impulse and Momentum; Climaxes; Pullbacks; Measured Move Objective; Three Pushes A DEEPER LOOK AT PULLBACKS: THE QUINTESSENTIAL TREND TRADING PATTERNCharacteristics of Winning Pullbacks; Common Characteristics of Failed Pullbacks; TREND ANALYSIS; Dow Theory Trend Patterns; Indicators; Understanding Trend Integrity; Length of Swing Analysis; Using Trend Lines to Define Rate of Trend; Rate of Trend; Character of Trend Legs; SUMMARY; CHAPTER 4 On Trading Ranges; SUPPORT AND RESISTANCE; Potential Support/Resistance; Broken Support Becomes Resistance; The Dark Secret of Support and Resistance; Support and Resistance in Action; TRADING RANGES AS FUNCTIONAL STRUCTURES Continuation RangesReversal Ranges; Volatility Conditions in Trading Ranges; SUMMARY; CHAPTER 5 Interfaces between Trends and Ranges; BREAKOUT TRADE: TRADING RANGE TO TREND; Patterns Preceding Good Breakouts; Characteristic Patterns at Good Breakouts; Patterns Following Good Breakouts; Patterns of Failed Breakouts; TREND TO TRADING RANGE; Trade Management Issues; TREND TO OPPOSITE TREND (TREND REVERSAL); Parabolic Blow-Off into Climax; Last Gasp; Trend Change Without Warning; Change of Character; TREND TO SAME TREND (FAILURE OF TREND REVERSAL); SUMMARY; PART III Trading Strategies CHAPTER 6 Practical Trading TemplatesFAILURE TEST; PULLBACK, BUYING SUPPORT OR SHORTING RESISTANCE; PULLBACK, ENTERING LOWER TIME FRAME BREAKOUT; TRADING COMPLEX PULLBACKS; THE ANTI; BREAKOUTS, ENTERING IN THE PRECEDING BASE; BREAKOUTS, ENTERING ON FIRST PULLBACK FOLLOWING; FAILED BREAKOUTS; SUMMARY; CHAPTER 7 Tools for Confirmation; THE MOVING AVERAGE-THE STILL CENTER; Ideas for Using Moving Averages; CHANNELS: EMOTIONAL EXTREMES; Ideas for Using Channels; INDICATORS: MACD; Basic Interpretation of the MACD; MULTIPLE TIME FRAME ANALYSIS Lower Time Frame Structures within Higher Time Frame Context Electronic reproduction; Available via World Wide Web
ISBN:	978-1-118-11512-1 ; 978-1-118-22427-4 ; 978-1-118-11512-1
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011827375