Greg Capra

Trading Tools and Tactics (eBook, ePUB)

Reading the Mind of the Market

• Format: ePub

Produktbeschreibung

From the founder of the leading online trading education company Pristine.com, a simple technical method to trade or invest Many trading books present esoteric trading concepts and complicated indicators that may look good on paper when viewing the past, but prove ineffective in the real world. Trading Tools and Tactics: Reading the Mind of the Market doesn't just make investing look easy; it makes trading easy by teaching you not only how to identify price moves, but by helping you understand why prices move the way they do. * Covers managing trades and setting entries and stops, and helps you view how failed trades or chart patterns of the past can become new opportunities * Describes how to identify and understand supply and demand as it relates to resistance and support, as well as how to combine and read multiple time frames that offer the best opportunity to take profits * Details both concepts and practical tools to use for life, not just the current market Investing is all about finding the right price patterns to profit from by understanding support, resistance, trends, and volume?as well as identifying the best time frames to trade. Trading Tools shows you how to do just this.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 336
• Erscheinungstermin: 24. Juni 2011
• Englisch
• ISBN-13: 9781118098554
• Artikelnr.: 37342992

Autorenporträt

Greg Capra is the CEO of MasterTrader.com and created Pristine Capital Holdings in the 1990s. Money managers, institutional traders, and thousands of individuals have taken Greg's classes. Today students learn MasterTrader Technical Strategies MTS and attribute their knowledge as the main reason for their success.

Inhaltsangabe

Introduction: The Journey Begins xi CHAPTER 1 Subjective Doesn't Work in
the Market: Technical Analysis Is the Objective Standard 1 The Guru
Syndrome 1 The Pitfalls of Fundamental Analysis 2 Technical Indicators:
Adding Subjectivity to the Chart 5 Approaching the Markets Objectively 8 In
Summary 14 CHAPTER 2 Candlestick Analysis: Using the Language of Candles to
Profit from Market Moves 17 A Single Candle 18 Multiple Candle Formations
21 Failure Is Not Always Bad 29 In Summary 31 CHAPTER 3 Support and
Resistance: Price Is King 33 Price Patterns 33 Recognizing Reference Points
36 The Two Forms of Support and Resistance: Major and Minor 40 How Support
and Resistance Areas Form 46 In Summary 56 CHAPTER 4 Moving Averages the
Right Way: Visual Aids to Price Action 57 A Valuable Technical Measurement
57 Convergence Can Help 63 Moving Averages as Focal Areas 67 Staying
Objective 69 A Few Good Rules While Using Moving Averages 74 Other Points
to Consider 75 Moving Averages to Find Plays 78 In Summary 79 CHAPTER 5
Volume Is Money: Commitment to Prices 81 The Fallacies of Volume 81 Using
Volume Properly 85 The Primary Uses of Volume 87 Volume As It Relates to
Tradability 98 In Summary 101 CHAPTER 6 Retracement Analysis: Using
Retracement Analysis to Continue Your Move 103 The Concept of Retracements
103 To Retrace or Not to Retrace? 106 Retracements Imply a Trend 107
Continuing To Keep It Objective 111 What Lies Beyond 60 Percent? 111
Retracement Levels in Downtrends 114 A Special Retracement Pattern 115
Retracement Levels in Sideways Trends 117 What Lies Beyond 100 Percent? 118
The Bigger Picture 121 In Summary 123 CHAPTER 7 Bar-by-Bar Analysis: Each
Bar Tells Us Something 125 Objectivity Is Still the Goal 126 A Quick Review
of Individual Bars 126 How the Bars Interact 128 Additional Thoughts 135 In
Summary 137 CHAPTER 8 Market Internals: Examining the Direction of the
Market 139 Determining Price Movement 141 When to Be Different 143 Favorite
Market Internals 143 A Quick Overview of Intermarket Analysis 157 In
Summary 158 CHAPTER 9 Relative Strength: Relative Strength Defined 159
Identifying Different Types of Relative Strength 160 Is Relative Strength
Always Good? 166 Relative Strength and Weakness with Morning Gaps 170
Relative Strength with Sector Analysis 172 Relative Strength to Market
Internals 173 In Summary 174 CHAPTER 10 The Trend Is Your Friend: There Are
Only Three Directions 177 What Makes a Trend? 178 Pivots 178 When Pivots
Come Together 182 Some Subjective Guidance 186 Keeping It Clean 188
Checking the Reaction 192 Final Thoughts 198 In Summary 200 CHAPTER 11
Shoot the Gap: What Is a Gap? 203 What Causes a Gap? 206 Fallacies about
Gaps 207 Gaps and the Daily Chart 209 The Intraday Play 214 In Summary 219
CHAPTER 12 Frame-by-Frame: The Concept of Multiple Time Frames 221 Which
Time Frames? 221 The First Goal of Using Multiple Time Frames 223 A
Powerful Concept Emerges 228 Warning Signs in the Micro Trend 230 Hidden
Patterns 233 In Summary 236 CHAPTER 13 Making Failure Work for You:
Recognizing When Patterns Fail 239 Did the Play Stop, or Did the Pattern
Fail? 241 When Good Patterns Fail 242 Capitalizing on Predictable Failures
246 Expected (or Unexpected) Failure 248 In Summary 250 CHAPTER 14 Manage
the Trade and the Money: The Missing Link 253 Managing the Money--Share
Size 253 How Much to Risk 257 Managing the Money--Throughout the Day 259
Considerations When Swing Trading 260 Basic Trade Management Concepts 262
Managing the Trade--Staying with the Trend 264 Managing the Trade--Zooming
Down 265 In Summary 267 CHAPTER 15 Getting Through a Typical Trading Day:
Strategies to Incorporate into Your Daily Routine 271 Beginning Your Day
271 Planning Your Trade, Trading Your Plan 273 After the Close 275
Maximizing the Winners, and Handling the Losers Properly 277 CHAPTER 16
There Is Only One Truth in the Markets 279 Price Is King 279 Appendix A:
Abbreviations 283 Appendix B: Trade Types 285 Glossary 287 About the
Companion Website 299 Index 301