Trading Tools and Tactics

Greg Capra 지음

Wiley 2011년 06월 24일 출간

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From the founder of the leading online trading education company Pristine.com, a simple technical method to trade or investMany 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 opportunitiesDescribes 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 profitsDetails both concepts and practical tools to use for life, not just the current marketInvesting 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.

목차

Introduction: The Journey Begins xiCHAPTER 1 Subjective Doesn&-t Work in the Market: Technical Analysis Is the Objective Standard 1The Guru Syndrome 1The Pitfalls of Fundamental Analysis 2Technical Indicators: Adding Subjectivity to the Chart 5Approaching the Markets Objectively 8In Summary 14CHAPTER 2 Candlestick Analysis: Using the Language of Candles to Profit from Market Moves 17A Single Candle 18Multiple Candle Formations 21Failure Is Not Always Bad 29In Summary 31CHAPTER 3 Support and Resistance: Price Is King 33Price Patterns 33Recognizing Reference Points 36The Two Forms of Support and Resistance: Major and Minor 40How Support and Resistance Areas Form 46In Summary 56CHAPTER 4 Moving Averages the Right Way: Visual Aids to Price Action 57A Valuable Technical Measurement 57Convergence Can Help 63Moving Averages as Focal Areas 67Staying Objective 69A Few Good Rules While UsingMoving Averages 74Other Points to Consider 75Moving Averages to Find Plays 78In Summary 79CHAPTER 5 Volume Is Money: Commitment to Prices 81The Fallacies of Volume 81Using Volume Properly 85The Primary Uses of Volume 87Volume As It Relates to Tradability 98In Summary 101CHAPTER 6 Retracement Analysis: Using Retracement Analysis to Continue Your Move 103The Concept of Retracements 103To Retrace or Not to Retrace? 106Retracements Imply a Trend 107Continuing To Keep It Objective 111What Lies Beyond 60 Percent? 111Retracement Levels in Downtrends 114A Special Retracement Pattern 115Retracement Levels in Sideways Trends 117What Lies Beyond 100 Percent? 118The Bigger Picture 121In Summary 123CHAPTER 7 Bar-by-Bar Analysis: Each Bar Tells Us Something 125Objectivity Is Still the Goal 126A Quick Review of Individual Bars 126How the Bars Interact 128Additional Thoughts 135In Summary 137CHAP

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저자(글) Greg Capra

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Greg Capra is president and CEO of Pristine Capital Holdings, Inc., the nation's leading educational service for self-directed traders. He has 15 years of experience as a day trader and swing trader.Many years ago, Capra realized how to collect valuable intra-day information from stock quotes and store them into an orderly computerized system. He utilized a program called SuperTic to trackand evaluate this information, which led him to his pursuit of intra- day trading tactics.In those days, free online stock charts and quotes were not widely available, and institutional traders had a great advantage over the individual trader. Today, the playing field is more level. Capra sawan opportunity to build an educational and research firm for selfdirected, independent traders. This meant that ordinary people could now possess a sophisticated level of research on par with institutional traders and hedge funds.Capra developed The Pristine Swing Trader, an advisory newsletter with over 60,000 subscribers, and is co-author of the book, Tools and Tactics for the Master Day Trader (McGraw-Hill, 2000). Pristine.com was founded in 1994 and combines publication-based education with seminars and education services aimed at helping traders gain an intuitive understanding of the markets. Over 400 seminars are conducted each year around the world.Before founding Pristine, Capra spent 15 years running his own business. Since founding Pristine.com, his desire has been to educate the individual investor in quantitative analysis of market movements.