Book description
Time your trades more accurately and reliably! The secret is to combine western technical analysis with eastern candlestick methods. In Profiting from Technical Analysis and Candlestick Indicators, top trader and best-selling author Michael C. Thomsett shows you how. Using more than 100 easy-to-understand visuals, Thomsett explains why candlesticks complement traditional resistance/support-based analyses rather than contradicting or competing with them. One step at a time, you'll learn how to use them together to identify crucial reversal and confirmation signals more rapidly and reliably. You'll learn how to use each system to gain cross-confirmation and strengthen the reliability of your predictions; uncover reversal signals in both systems; forecast pricing; recognize signal failures and false leads; profit from swing trading; and reduce risk. Profiting from Technical Analysis and Candlestick Indicators will be valuable to wide audiences of professional and institutional investors, experienced individuals or institutional portfolio managers, and all experienced traders who use technical analysis for guidance.
Table of contents
- About This eBook
- Title Page
- Copyright Page
- Contents
- Acknowledgments
- About the Author
- Introduction: The Self-Fulfilling Prophecy
- 1. Charting Techniques—Predicting the Future
- 2. Traditional Analysis—The Power of Pattern Recognition
- 3. Candlestick Patterns—Recognizing Evolving Strength or Weakness
- 4. Reversal Signals—Spotting the Turning Point
- 5. Continuation Signals—The Mid-Trend Signs
- 6. Combining West and East—Candlesticks and the Technical Signs
- 7. Confirmation—An Essential Second Part of a Signal
- 8. Support and Resistance—Key Price Points in the Trend
- 9. Moving Averages—Finding Statistical Correlation
- 10. Volume Indicators—Confirmation of Price
- 11. Momentum Indicators—The Exhaustion Point
- 12. Signal Failures and False Indicators—The Misguiding Signal
- 13. Beyond the Signal—Candlestick Pattern Moves
- 14. Risk Reduction Methods—Using Charting Techniques to Manage Risk
-
A. Hypothesis Summary
- Ten Key Western Signals (Chapter 2)
- Ten Candlesticks with High-Performance Rankings (Chapter 3)
- Relative Correlation Basic Hypothesis: Proximity and Strength (Chapter 1)
- Hypothesis Regarding the Strength of Reversal Signals (Chapter 7)
- Hypothesis Regarding the Strength of Continuation Signals (Chapter 7)
- Hypothesis Regarding the Nature of Weak Reversal and Continuation Signals (Chapter 7)
- Hypothesis Regarding the Nature of Continuation for Breakouts Versus Trends (Chapter 8)
- Hypothesis Regarding Strong Signals That Contradict One Another (Chapter 10)
- Hypothesis Statement Concerning Signal Failures and False Indicators (Chapter 12)
- B. Hypothesis Testing
-
Endnotes
- Chapter 1, “Charting Techniques—Predicting the Future”
- Chapter 3, “Candlestick Patterns—Recognizing Evolving Strength or Weakness”
- Chapter 7, “Confirmation—An Essential Second Part of a Signal”
- Chapter 10, “Volume Indicators—Confirmation of Price”
- Chapter 14, “Risk Reduction Methods—Using Charting Techniques to Manage Risk”
- Index
- Financial Times Press
Product information
- Title: Profiting from Technical Analysis and Candlestick Indicators: Powerful Methods for Accurately Timing Trades
- Author(s):
- Release date: December 2014
- Publisher(s): Pearson
- ISBN: 9780133993684
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