Timothy Knight

High-Probability Trade Setups (eBook, PDF)

A Chartist s Guide to Real-Time Trading

• Format: PDF

Produktbeschreibung

A comprehensive volume of today's most profitable trade set-ups A key element of trading is identifying situations in the financial markets that can produce a profitable trade. Fundamental analysts search for situations where a stock is undervalued or if a stock's prospective earnings growth is underestimated by a majority of investors. Technical analysts look at patterns in the market that historically indicate the direction of the markets next move. High Probability Trade Set-Ups catalogs the best trading situations from a variety of technical approaches. Engaging and informative, High Probability Trade Set-Ups provides a detailed explanation of twenty powerful, recurring tradable situations in the financial markets. Each pattern is thoroughly described, including its strengths and drawbacks, ease of identification, and the degree to which it produces profitable trades. Most importantly, the author provides entry and exit points for each set up. Examples of the set-ups include chart patterns such as ascending triangles, diamonds, gaps, pennants, and channels. * Features many new technical tools for tracking individual stocks * Contains a resource guide, which will help to monitor the market for the trade set-ups discussed throughout the book * Reveals how to use ProphetCharts to perform advanced intermarket technical studies and identify the best opportunities Written in a straightforward and accessible style, High Probability Trade Set-Ups covers a lot of ground with respect to this approach and shows you how to use it to make the most of your time in today's dynamic markets.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 368
• Erscheinungstermin: 7. Juli 2011
• Englisch
• ISBN-13: 9781118112960
• Artikelnr.: 37348399

Autorenporträt

Timothy Knight is the founder of Prophet Financial Systems (now owned by Ameritrade), which has been rated by Forbes and Barron's as the number one online site for technical analysis. He also operates a highly successful trading blog, SlopeOfHope.com. Prior to starting Prophet.net, Knight was vice president of technology products for Montgomery Securities, where he helped develop PC-based trader workstations before the development of web trading. Knight has traded for more than twenty years, primarily using technical analysis and price charts. He is also the author of both editions of Chart Your Way to Profits (Wiley).

Inhaltsangabe

About the Author xiii PART I An Overview 1 CHAPTER 1 A Primer on Chart
Setups 3 The Bulls versus the Bears 4 Why Is a Prediction Valuable? 4 A
Word on Shorting 6 Support and Resistance 7 What Happens When Prices Punch
Through? 8 History Repeats Itself 11 When Patterns Work Together 13 How to
Use This Book 14 CHAPTER 2 My Personal Trading Journey 15 Earliest Interest
in the Markets 15 Beginning with the Crash 16 Technical Tools 17 Prophet's
Beginning 18 The Internet Makes Its Appearance 18 Enter Alex and JavaCharts
19 Project Kandinsky 21 The Slope of Hope 22 Lessons Learned 22
ProphetCharts Lives 23 The Three Steps 24 PART II The Patterns 31 CHAPTER 3
Ascending Triangles 33 Definition of the Pattern 33 Psychology behind the
Pattern 35 Examples 35 Summary 43 CHAPTER 4 Ascending Wedges 45 Definition
of the Pattern 45 Psychology behind the Pattern 47 Examples 47 Summary 53
CHAPTER 5 Channels 55 Definition of the Pattern 55 Psychology behind the
Pattern 57 Examples 57 Summary 68 CHAPTER 6 Cup with Handle 69 Definition
of the Pattern 69 Psychology behind the Pattern 70 Examples 72 Longer-Term
Examples 75 Summary 79 CHAPTER 7 Descending Triangles 81 Definition of the
Pattern 81 Psychology behind the Pattern 83 Examples 83 Summary 89 CHAPTER
8 Descending Wedges 91 Definition of the Pattern 91 Psychology behind the
Pattern 92 Examples 93 Summary 102 CHAPTER 9 Diamonds 103 Definition of the
Pattern 103 Psychology behind the Pattern 105 Examples 105 Summary 110
CHAPTER 10 Fibonacci Fans 111 Definition of the Pattern 111 Psychology
behind the Pattern 113 Examples 114 Summary 126 CHAPTER 11 Fibonacci
Retracements 129 Definition of the Pattern 130 Examples 132 Summary 139
CHAPTER 12 Flags 141 Definition of the Pattern 141 Psychology behind the
Pattern 142 Examples 143 Summary 153 CHAPTER 13 Gaps 155 Definition of the
Pattern 155 Psychology behind the Pattern 157 Examples 158 Summary 174
CHAPTER 14 Head and Shoulders 175 Definition of the Pattern 175 Psychology
behind the Pattern 176 The Importance of the Neckline 177 Examples 178
Summary 197 CHAPTER 15 Inverted Head and Shoulders 199 Definition of the
Pattern 199 Psychology behind the Pattern 201 The Importance of the
Neckline 202 Examples 202 Summary 215 CHAPTER 16 Multiple Bottoms 217
Definition of the Pattern 217 Psychology behind the Pattern 219 Examples
220 Summary 230 CHAPTER 17 Multiple Tops 231 Definition of the Pattern 231
Psychology behind the Pattern 233 Examples 233 Summary 241 CHAPTER 18
Pennants 243 Definition of the Pattern 243 Psychology behind the Pattern
244 Examples 245 Summary 253 CHAPTER 19 Rounded Bottoms 255 Definition of
the Pattern 255 Psychology behind the Pattern 256 Examples 257 Summary 265
CHAPTER 20 Rounded Tops 267 Definition of the Pattern 267 Psychology behind
the Pattern 269 Examples 270 Summary 278 CHAPTER 21 Support Failure 279
Definition of the Pattern 279 Psychology behind the Pattern 280 Examples
281 Summary 299 CHAPTER 22 Automatic Patterns 301 Patterns in ProphetCharts
302 Working with the Results 307 Pattern Failures 314 Putting the Patterns
to Work 315 PART III Trading and You 317 CHAPTER 23 Setting Stops 319
General Guidelines 319 Below Support 320 Above Resistance 320 Above
Trendline 321 Below Trendline 321 Most Recent Low 322 Most Recent High 322
Special Cases 323 CHAPTER 24 On Being a Bear 325 The Philosophy of Shorting
325 Practical Guide to Short Selling 326 Exchange-Traded Funds 328 Puts for
Leveraged Profits 330 The Philosophy of Shorting 332 CHAPTER 25 A Guide to
Real-Life Trading 337 Trading Rules 337 How to Open a Position 338 How to
Hold a Position 341 How to Close a Position 343 Time and Money 343 There Is
No Holy Grail 344 Closing Thoughts 345 Index 347