Technical Analysis of Stocks & Commodities November 2014

Total Page:16

File Type:pdf, Size:1020Kb

Technical Analysis of Stocks & Commodities November 2014 THE TRADERS’ MAGAZINE SINCE 1982 www.traders.com NOVEMBER 2014 THE SMART MONEY When they fail 10 PRICE PROJECTIONS With daily pivots and more 20 SWING TRADING When is a breakout really a breakout? 26 FOREX TRADING The basics 32 INTERVIEW Larry Levin, futures trading educator 36 THE EQUITY CURVE Arbiter of success 42 PRODUCT REVIEW n thinkorswim Sharing NOVEMBER 2014 DOWNLOAD A FREE FUTURES TOOLKIT Compliments of TradeStation If you’re looking for new trading ideas, we can help. In addition to our award-winning* multi-asset trading platform, TradeStation offers timely, insightful market research and analysis. Sample our educational offerings by downloading our free Futures Toolkit. This valuable learning tool shows how you can identify market turns and confirm trends by analyzing the breakdown of open interest for speculators and hedgers in the CFTC’s weekly Commitments of Traders report. Download today at TradeStation.com/FuturesToolkit or call 800.519.0809 for more information. * Rating based on Barron’s magazine 2014, a hands-on review of each company’s online brokerage products and services by a Barron’s journalist, in several categories, after which numerical scores are assigned per category and aggregated to determine overall numerical score and star rating. Barron’s is a registered trademark of Dow Jones. IMPORTANT INFORMATION: The Futures Toolkit is designed to demonstrate what we believe are the valuable benefits of using TradeStation. No investment or trading advice, recommendation or strategy regarding any security, group of securities, market segment or market is intended or shall be given. The purpose of any particular trading strategy, technique, method or approach discussed or demonstrated is solely to illustrate how TradeStation may be used, and we are in no way suggesting that it will guarantee profits, an increase in profits or the minimization of losses. All support, education and training services and materials are for informational purposes and to help customers learn more about how to use the power of TradeStation software and services and to help provide other customer support. No type of trading or investment recommendation, advice or strategy is being made, given or in any manner provided by TradeStation Securities, Inc., TradeStation Forex or their affiliates. No offer or solicitation to buy or sell securities, securities derivatives, futures products or off-exchange foreign currency (forex) transactions of any kind, or any type of trading or investment advice, recommendation or strategy, is made, given or in any manner endorsed by any TradeStation affiliate. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. Active trading is generally not appropriate for someone with limited resources, limited investment or trading experience, or low risk tolerance. Please visit our website www.tradestation.com or www.tradestation-international.com for relevant risk disclosures. System access and trade placement and execution may be delayed or fail due to market volatility or volume, quote delays, system and software errors, Internet traffic, outages and other factors. Equities, equities options, and commodity futures products and services are offered by TradeStation Securities, Inc. (Member NYSE, FINRA, NFA and SIPC). Forex products and services are offered by the TradeStation Forex divisions of IBFX, Inc. (Member NFA) and IBFX Australia Pty Ltd, ABN 84 142 210 179, holder of AFSL #363972. ©2014 TradeStation. All rights reserved. TASC-Nov2014-Futures-LGP.indd 1 9/11/14 12:31 PM CONTENTS NOVEMBER 2014, VOLUME 32 NUMBER 12 FEATURE ARTICLE 32 Trading Forex: 10 When The Smart Money Fails Understanding The Basics, Part 1 by Giorgos E. Siligardos, PhD The Commitments Of Traders by Imran Mukati REVIEW aggregated report is a handy tool In this first part of a new series on for watching the moves of the foreign exchange trading, you’ll 48 • thinkorswim Sharing most significant players in the get an overview of the basics of Product review: Social media markets. But what happens when trading currencies. sharing tools and online the “smart money” fails? You may community for thinkorswim users be able to gain some insights from 35 Q&A the reports. Find out how. by Don Bright DEPARTMENTS This professional trader answers 20 Price Projections, Part 5 TIPS a few of your questions. 6 Opening Position by Sylvain Vervoort 8 Letters To S&C Here in part 5 of Sylvain Ver- INTERVIEW 54 Traders’ Tips voort’s “Exploring Charting 36 Battling The Futures 57 Advertisers’ Index Techniques” series, he looks at techniques such as measured With Larry Levin 57 Editorial Resource Index moves, Fibonacci projections & by Jayanthi Gopalakrishnan 59 Classified Advertising retracements, and daily pivots to Larry Levin is president and 59 Traders’ Resource estimate future price levels. founder of Trading Advantage, a firm specializing in trading 61 Trade News & Products 62 Books For Traders 25 Explore Your Options education. Trading Advantage has made it its mission to teach 63 Futures Liquidity by Tom Gentile students to trade online. We spoke Got a question about options? with him about what it takes to start trading futures. 26 Swing Trading With Momentum On Your Side 41 Futures For You by Ken Calhoun by Carley Garner Seeing a simple breakout may Here’s how the futures market convince you to place a trade, but really works. how do you know if a breakout is really a breakout? Here’s one way 42 Slow Down: you can jump into a trade and not get caught off-guard. Equity Curve Ahead by Robert Cocchiola The equity curve judges the success or failure of your system. What makes an equity curve good or bad? What does it take to achieve a good equity curve? We’ll take a look. This article is the basis for Traders’ Tips n Cover: David Goldin TIPS this month. n Cover concept: Christine Morrison Copyright © 2014 Technical Analysis, Inc. All rights reserved. Information in this publication must not be stored or reproduced in any form without written permission from the publisher. Technical Analysis of STOCK S & COMMODITIE S ™ (ISSN 0738-3355) is published monthly with a Bonus Issue in March for $89.99 per year by Technical Analysis, Inc., 4757 California Ave. S.W., Seattle, WA 98116-4499. Periodicals postage paid at Seattle, WA and at additional mailing offices. Postmaster: Send address changes to Technical Analysis of STOCK S & COMMODITIE S ™ 4757 California Ave. S.W., Seattle, WA 98116-4499 U.S.A. Printed in the U.S.A. 4 • November 2014 • Technical Analysis of STOCK S & COMMODITIE S We do not trade against your stock orders, nor do we sell your orders to others to handle $$$$$$ IS YOUR BROKER TAKING MORE THAN HIS FAIR SHARE? Keep more of what’s yours with our low cost platform for professional traders, investors and institutions. Interactive Brokers Interactive Brokers Interactive Brokers Commissions1 are: Financing Rates1 are: Executions1 are: Stocks: 64-89% 78% better than lower than lower than the industry 14¢ per 100 shares • Charles Schwab • Charles Schwab • TDAmeritrade • TDAmeritrade Options: • ETrade • ETrade better than For 100 to 1000 shares and For a margin loan of the industry 1 to 10 option contracts $50,000 to $1,000,000 17¢ per contract First Half 2014* Interactive Brokers ibkr.com/iwantmore LOWER YOUR COSTS TO MAXIMIZE YOUR RETURN stocks • options • futures • forex • bonds — on over 100 markets worldwide from one account Interactive Brokers is a member of NYSE, FINRA, SIPC – Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable. Supporting documentation for any claims and statistical information will be provided upon request. Commissions and Margin Rates as of September 2, 2014. Services vary by firm. [1] For additional information on our commissions and margin rates and execution quality, see www.interactivebrokers.com/compare. * Based on independent measurements, the Transaction Auditing Group, Inc., (TAG). 11-IB14-829CH747 November 2014 • Volume 32, Number 12 OPENING POSITION The Traders’ MagazineTM EDITORIAL [email protected] Editor in Chief Jack K. Hutson Editor Jayanthi Gopalakrishnan ven though traders may convince Production Manager Karen E. Wasserman themselves otherwise, most enter and Art Director Christine Morrison exitE positions based on intuition or emotions. Graphic Designer Wayne Shaw Staff Writer Dennis D. Peterson Rarely do they make their trading decisions Webmaster Han J. Kim based purely on objective reasoning. Many Contributing Editors John Ehlers, Anthony W. Warren, Ph.D. people don’t realize that participating in Contributing Writers Don Bright, Thomas Bulkowski, the markets based on intuition is the reason Martin Pring, Barbara Star, Markos Katsanos traders or investors get so shattered when the market falls sharply. Not knowing what OFFICE OF THE PUBLISHER to do, they freeze and just watch their profits Publisher Jack K. Hutson turn into losses, surprised that things can Industrial Engineer Jason K. Hutson Project Engineer Sean M. Moore turn around so quickly. The sad reality is that it’s natural to get drawn to the idea Controller Mary K. Hutson of making profits, so if a stock keeps moving up, you sometimes buy it without giving it much thought. ADVERTISING SALES 4757 California Ave. S.W. We forget that the markets are not logical. They thrive because of the irrational Seattle, WA 98116-4499 1 206 938-0570 Fax 1 206 938-1307 nature of our emotions. In fact, if the market was a living being, it would probably [email protected] get a good dose of daily entertainment observing our actions. The thought of making National Sales Manager, Classified & Web Sales Edward W. Schramm money gets us excited, but when it comes to thinking of how to protect our capital, Advertising Sales Summer Davis we write it off thinking it won’t be necessary.
Recommended publications
  • Course Brochure
    IFMC INSTITUTE COURSE BROCHURE IFMC BRANCHES NOIDA VAISHALI LAJPAT NORTH CAMPUS GHAZIABAD NAGAR (DELHI) (DELHI) MAAN SINGH SHOP No. - 3, RELIANCE PLAZA, E-90, COMPLEX SECTOR BACK PORTION, PLOT No. 3, FIRST 15 MAIN ROAD, VIJAY NAGAR SINGLE IInd FLOOR, 2, FLOOR, LAJPAT NEXT TO BHAGMAL STOREY NEAR NDPL NAGAR 1, COMPLEX NEAR Mc SECTOR 4, OFFICE NEW DELHI - 110024 DONALD VAISHALI, GHAZIABAD, NEW DELHI - 110009 PH: +919810216889 SECTOR 16, UTTAR PRADESH - PH: 0981060777 +91-810260089 NOIDA – 201301 201012 PH: +919810216889 PH: 9650066987 CONTENTS Technical Analysis Course ....................................................................................................................... 3 Quickest Way to Deal with Stock Market Losses ................................................................................ 3 What is Technical Analysis Course? .................................................................................................... 3 Technical Analysis Meaning: ............................................................................................................... 3 Learning Outcome: .......................................................................................................................... 4 Course Methodology: ..................................................................................................................... 4 Eligibility: ......................................................................................................................................... 5 Career Opportunity:
    [Show full text]
  • Financial Trading with Five Regularities of Nature: Scientific Guide to Price Action and Pattern Trading
    some strong technical language. Table of Contents Introduction to Five Regularities in the Financial Market 1. Introduction to Technical Analysis 2. Introduction to Charting Techniques 3. The Five Regularities in the Financial Market 4. Random Process 5. Stationary Process 6. Equilibrium Process 7. Wave Process 8. Fractal-Wave Process 9. Equilibrium Wave Process 10. Equilibrium Fractal-Wave Process 11. Choice of trading strategy and Price Patterns 12. Peak Trough Analysis to visualize equilibrium fractal wave 13. Using Equilibrium Fractal Wave Index to Select Your Trading Strategy 14. Appendix-Equilibrium Fractal Wave Derived Patterns 15. References Price Action and Pattern Trading Overview on Practical Trading with the Fifth Regularity 1. Support and Resistance 1.1 Horizontal Support and Resistance 1.2 Diagonal Support and Resistance 1.3 Identification of Support and Resistance with the Template and Pattern Approach 2. Trading with Equilibrium Fractal Wave 2.1 Introduction to EFW Index for trading 2.2 Trading with the shape ratio of equilibrium fractal wave 2.3 Introduction to Equilibrium Fractal Wave (EFW) Channel 2.4 Practical trading with Equilibrium Fractal Wave (EFW) Channel 2.5 Combining the shape ratio trading and (EFW) Channel 3. Harmonic Pattern 3.1 Introduction to Harmonic Pattern 3.2 Harmonic Pattern Trading 3.3 Pattern Matching Accuracy and Pattern Completion Interval 3.4 Potential Reversal Zone 4. Elliott Wave Trading 4.1 Introduction to the Wave Principle 4.2 Scientific Wave Counting with the Template and Pattern Approach 4.3 Impulse Wave Structural Score and Corrective Wave Structural Score 4.4 Channelling Techniques 5. Triangle and Wedge Patterns 5.1 Introduction to Triangle and Wedge patterns 5.2 Classic Perspective of Triangle and Wedge Patterns 5.3 Diagonal Support and Resistance Perspective of Triangle and Wedge Pattern 5.4 Elliott Wave Perspective of Triangle and Wedge Pattern 6.
    [Show full text]
  • Luckscout Ultimate Wealth System
    Candlesticks Signals and Patterns by LuckScout.com Team Copyright 2017 Version 1.1 www.LuckScout.com 1 Copyright and Disclaimer Copyright 2017 by LuckScout.com Team. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, mechanical or electronic, including photocopying and recording, or by any information storage and retrieval system, without permission in writing from the author (except by a reviewer, who may quote brief passages and/or short brief video clips in a review). Disclaimer: The authors make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specially disclaim all warranties, including without limitation, warranties for a particular purpose. No warranty may be created or extended by sales or promotional materials. The advice and strategies contained herein may not be suitable for every situation. This work is sold with the understanding that the authors are not engaged in rendering legal, accounting, or other professional services. If professional assistance is required, this should be sought from applicable parties. The authors shall not be liable for damages arising herefrom. The fact that an organization or website is referred to in this work as a citation and/or a potential source of further information, does not mean that the authors endorse the information the organization/website may provide or recommendations it may make. Further, readers should be aware that Internet websites listed in this work may
    [Show full text]
  • Renko Chart Overview: Renko a Type of Chart, Developed by the Japanese, That Is Only Concerned with Price Movement,Time and Volume Are Not Concerned
    Renko Chart Overview: Renko A type of chart, developed by the Japanese, that is only concerned with price movement,Time and volume are not concerned. It is thought to be named for the Japanese word for bricks, "renga". A renko chart is constructed by placing a brick in the next column once the price surpasses the top or bottom of the previous brick by a predefined amount. White bricks are used when the direction of the trend is up, while black bricks are used when the trend is down. This type of chart is very effective for traders to identify key support/resistance levels. Transaction signals are generated when the direction of the trend changes and the bricks alternate colors. Renko Chart Style: Every brick (Bare) is the same size and a new brick is drawn one brick size below or above the brick before it. Bricks that are adjacent never overlap. Every brick starts where the previous brick ends. Some Traders can specify the size of bricks in pips. Through our experience we advise to keep brick with size 10 pips. Candlestick Style: is the Time-Frame chart, "time" splits one candle from other by the time-frame you've chosen, the candles are random in their sizes too. Random Open - Random high - Random low - Random close, this is very easy to make you confused & when you change the time-frame the randomness changes to further confuse you. Conclusions Like their Japanese cousins (Kagi and Three Line Break), Renko charts filter the noise by focusing exclusively on minimum price changes.
    [Show full text]
  • The Forex Chartist Companion
    The Forex Chartist Companion The Forex Chartist Companion A Visual Approach to Technical Analysis MICHAEL D. ARCHER JAMES L. BICKFORD John Wiley & Sons, Inc. Copyright © 2007 by Michael D. Archer and James L. Bickford. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate.
    [Show full text]
  • What Are Renko Charts
    How to Trade Using Renko Charts What are Renko Charts You can trace renko chart’s origins to Japan and they were first introduced to the West by Steve Nison in his book “Beyond Candlesticks”. The actual word renko is derived from the Japanese word renga, which means bricks. Renko charts are similar to kagi charts and the three-line break charts except that the renko chart is drawn in the direction of the primary trend and have a fixed size. Renko charts are also similar to point and figure charts as each brick is the same size. So, in order to generate an opposite color, the fixed brick size of the Renko must be exceeded. This of course classifies renko charts as a lagging indicator and in choppy markets can lead to a number of false signals. Renko Chart Example Renko charts are used to determine potential changes in price trend. Below is a chart pattern example with renko bars. Renko Charts Constructing Each Brick The first thing you need to do is construct each brick which are the “building blocks” (get it…) of the chart type. There are two primary methods for building each brick: (1) ATR and (2) set price point. ATR The ATR is a volatility indicator that measures the volatility of a security over a set period of time. To read more on the ATR, please visit this article, which goes into great detail. Average True Range The average true range looks at the high and low ranges of a security of the default 14-day period which creates the red line you see above.
    [Show full text]
  • Ifmc Institute
    IFMC INSTITUTE COURSE BROCHURE IFMC BRANCHES LAJPAT NAGAR VAISHALI NORTH CAMPUS GHAZIABAD NOIDA (DELHI) (DELHI) ND E-90, PLOT No. 3, 2 FLOOR, SHOP No. 3, VIJAY BASEMENT, FIRST FLOOR, RELIANCE PLAZA 2 NAGAR, HUDSON MAAN SINGH COMPLEX, LAJPAT NAGAR 1, MAIN MARKET LANE, KINGSWAY SECTOR 15 MAIN ROAD, NEW DELHI - 110024 SECTOR 4, VAISHALI, CAMP, OPPOSITE NEXT TO BHAGMAL GHAZIABAD - 201012 NDPL OFFICE, COMPLEX, NEAR Mc NEAR SHIV MANDIR, DONALD SECTOR 16, NEW DELHI - 110009 NOIDA – 201301 PH: +91-981-021-6889 PH: +91-120-437-7006 +91-981-026-0089 PH: +91-981-026-0089 PH: +91-981-021-6889 CONTENTS Stock Market Course for Traders ............................................................................................................ 3 Unique Feature of Stock Market Course for Traders .......................................................................... 3 What You Will Get ............................................................................................................................... 4 Fees and Duration ............................................................................................................................... 4 Detail Curriculum ................................................................................................................................ 4 Module 1: capital market & its operation ....................................................................................... 4 Module 2: Derivatives Market & its Operations ............................................................................
    [Show full text]
  • TECHNICAL ANALYSIS This Page Intentionally Left Blank TECHNICAL ANALYSIS
    TECHNICAL ANALYSIS This page intentionally left blank TECHNICAL ANALYSIS THE COMPLETE RESOURCE FOR FINANCIAL MARKET TECHNICIANS THIRD EDITION Charles D. Kirkpatrick II, CMT Julie Dahlquist, Ph.D., CMT Publisher: Paul Boger Editor-in-Chief: Amy Neidlinger Executive Editor: Jeanne Levine Editorial Assistant: Kristen Watterson Cover Designer: Chuti Prasertsith Managing Editor: Kristy Hart Senior Project Editor: Betsy Gratner Copy Editor: Gill Editorial Services Proofreader: Sarah Kearns Indexer: WordWise Publishing Services Compositor: Nonie Ratcliff Manufacturing Buyer: Dan Uhrig © 2016 by Pearson Education, Inc. Publishing as FT Press Old Tappan, New Jersey 07675 This book is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services or advice by publishing this book. Each individual situation is unique. Thus, if legal or financial advice or other expert assistance is required in a specific situation, the services of a competent professional should be sought to ensure that the situation has been evaluated carefully and appropri- ately. The author and the publisher disclaim any liability, loss, or risk resulting directly or indirectly from the use or application of any of the contents of this book. For information about buying this title in bulk quantities, or for special sales opportunities (which may include elec- tronic versions; custom cover designs; and content particular to your business, training goals, marketing focus, or branding interests), please contact our corporate sales department at [email protected] or (800) 382-3419. For government sales inquiries, please contact [email protected]. For questions about sales outside the U.S., please contact [email protected].
    [Show full text]
  • Master Thesis
    Masaryk University Faculty of Economics and Administration Study Programme: Finance THE USE OF TECHNICAL ANALYSIS IN TRADING ON FOREX MARKET Master Thesis Supervisor: Author: Ing. Peter Mokrička Bc. Marián Hockicko Brno, May 2014 Masaryk University Faculty of economics and administration Department of finance Academic year 2013/2014 ASSIGNEMENT Name: HOCKICKO Marián Department: Finance Topic: THE USE OF TECHNICAL ANALYSIS IN TRADING ON FOREX MARKET /Czech/ Vyuţití technické analýzy při obchodování na trhu FOREX P r i n c i p l e s : The aim: To propose an optimization of selected technical analysis indicators on the Forex market and formulate recommendations for intraday traders. Approach of work and the methods used: 1. Definition and characteristics of FOREX market 2. Characteristics of technical analysis and technical analysis indicators 3. Creating, testing and optimization of defined trading strategy 4. Formulation of conclusions and recommendations Methods: description, analysis, comparison, deduction, synthesis Graphic pictures: acoording to instructions Extent: 60 – 80 pages Bibliography: BACHRATÝ, Milan. Forex :dobrodružstvo vývoja stratégie. [Slovensko]: Fxmprofit, 2012. 190 s. ISBN 9788097092603. VESELÁ, Jitka. Investování na kapitálových trzích. Vyd. 1. Praha: ASPI, 2011. 789 s. ISBN 9788073576479. HARTMAN, Ondřej. Jak se stát forexovým obchodníkem :naučte se vydělávat na měnových trzích. Praha: FXstreet.cz, 2009. 230 s. ISBN 978-80-904418-0. O'KEEFE, Ryan. Making Money in Forex: Trade Like a Pro Without Giving Up Your Day Job. : John Wiley and Sons, 2010. ISBN 0-470-48728-3. HARTMAN, Ondřej a Ludvík TUREK. První kroky na FOREXu. Vyd. 1. Brno: Computer Press, 2009. 120 s. ISBN 978-80-251-2006. Trading and investing in the Forex market using chart techniques.
    [Show full text]
  • Ifmc Institute Course Brochure
    IFMC INSTITUTE COURSE BROCHURE IFMC BRANCHES LAJPAT NAGAR VAISHALI NORTH CAMPUS GHAZIABAD NOIDA (DELHI) (DELHI) PLOT No. 3, 2ND FLOOR, E-90, SHOP No. 3, VIJAY BASEMENT, FIRST FLOOR, RELIANCE PLAZA 2 NAGAR, HUDSON MAAN SINGH COMPLEX, LAJPAT NAGAR 1, MAIN MARKET LANE, KINGSWAY SECTOR 15 MAIN ROAD, NEW DELHI - 110024 SECTOR 4, VAISHALI, CAMP, OPPOSITE NEXT TO BHAGMAL GHAZIABAD - 201012 NDPL OFFICE, COMPLEX, NEAR Mc NEAR SHIV MANDIR, DONALD SECTOR 16, NEW DELHI - 110009 NOIDA 201301 – PH: +91-981-021-6889 PH: +91-120-437-7006 PH: +91-981-026-0089 +91-981-026-0089 PH: +91-981-021-6889 CONTENTS Stock Market Course for Professionals ................................................................................................... 3 Unique Feature of Stock Market Course for Professionals ................................................................. 3 What You Will Get ............................................................................................................................... 4 Fees and Duration ............................................................................................................................... 4 DETAIL CURRICULUM .......................................................................................................................... 4 Module 1: capital market & its operation ....................................................................................... 4 Module 2: Derivatives Market & its Operations ............................................................................. 4 Module
    [Show full text]
  • Beyond-Candlesticks -New-Japanese-Charting-Tec.Pdf
    BEYOND CANDLESTICKS +Ef,Ei[EAL, "Itarning is Like Rowing Upstream;Not to Adaanceis to Fall Back" aaaaa aaooaaaaaaaaaaaaaaaaaaaaa aaaaa BEYOND CANDLESTICKS New |apaneseCharting Techniques Revealed STEVENISON IOHN WILEY & SONS, INC. New York o Toronto o Chichester o Brisbane . Singapore WILEY FINANCE EDITIONS The New Technical Trader / Chande and Kroll Trading on the Edge / Deboeck ForecastingFinancial and Economic Cycles / Niemira and Klein Trader Vic II / Sperandeo Genetic Algorithms and Investment Strategies / Bauer Understanding Swaps / Marshall Fractal Market Analysis / Peters Trading Applications of ]apaneseCandlestick Charting / Wagner and Matheny Fixed-Income Arbitrage / Wong Trading for a Living / Elder The Day Trader's Manual / Eng The Mathematics of Money Management / Vince Intermarket Technical Analysis / Murphy The Foreign Exchange and Money Markets Guide / Walmsley Chaos and Order in the Financial Markets / Peters Portfolio Management Formulas / Vince Financial Statement Analysis / Fridson Money Management Strategies for Futures Traders / Balsara Dynamic Asset Allocation / Hammer Relative Dividend Yield / Spare Inside the Financial Futures Markets, 3rd Edition / Powers and Castelino Option Market Making / Baird Fixed-Income Synthetic Assets / Beaumont Selling Short / Walker The New Technology of Financial Management / Chorafas Managed Futures in the Institutional Portfolio / Epstein Analyzing and Forecasting Futures Prices / Herbst ForecastingFinancial Markets / Plummer A Complete Guide to Convertible Securities Worldwide I ZubLake Corporate Financial Risk Management / Wunnicke and Wilson Investing in Intangible Assets / Parr Treasury Operations and the Foreign Exchange Challenge / Chorafas Trading and Investing in Bond Options / Wong ACKNOWLEDGMENTS a a a o a a a a a a a a a o r a a a a a a a a a a a a a a a a a a a a a a o a a a a a a a = 6NHTff.A MH "You CnnnotClap With One Hand" "|apanese A J"p"r,"se book that I had translated said that: charts are frequently considered secretive.
    [Show full text]
  • Sentiment Indicators: Renko, Price Break, Kagi, Point and Figure
    COFNAS $60.00 USA | $72.00 CAN PRAISE FOR Renko, Alternative charting tools that allow Price Break, SENTIMENT traders to identify high probability Kagi, entry and exit points that leave less SENTIMENT INDICATORS Point & Figure— money on the table RENKO, PRICE BREAK, KAGI, POINT & FIGURE What They Are In Sentiment Indicators, noted trading expert What They Are and How to Use Them to Trade and How to Abe Cofnas draws on his own trading and Use Them training experience as he shares his knowledge “By marrying technical analysis and market sentiment, Abe Cofnas takes the about the latest techniques and strategies for art of interpreting the markets’ topological patterns to a new level. Sentiment to Trade using Renko, price break, Kagi, and point and ABE COFNAS is the forex trading columnist for Indicators shows us why shapes count.” fi gure tools to successfully analyze all markets. Futures magazine since 2001 and has written — STEVE H. HANKE, Professor of Applied Economics, Johns Hopkins University over 100 columns on forex trading strategies Written with the serious trader in mind, and tactics. He is also the author of two Wiley “The process of extracting alpha in today’s markets grows increasingly challenging Sentiment Indicators offers key information titles, The Forex Trading Course and The Forex as strategies become more automated, technology becomes more robust, and the on these potential-fi lled tools and how to use Options Course. He has, for over two decades, market as a whole becomes more dynamic. Abe Cofnas’s ability to quantify market each in shaping trading strategies.
    [Show full text]