Grasp and apply the basic principles of technical analysis
Savvy traders know that the best way to maximize return is to interpret real-world market information for themselves rather than relying solely on the predictions of professional analysts. This straightforward guide shows you how to put this into profitable action—from basic principles and useful formulas to current theories on market trends and behavioral economics—to make the most lucrative decisions for your portfolio.
The latest edition of Technical Analysis for Dummies includes a brand-new chapter on making the right decisions in a bull or bear market, an updated look at unique formulas and key indicators, as well as refreshed and practical examples that reflect today today's financial atmosphere.
- Become an expert in spotting market trends and key indicators
- Get the skinny on the latest research on behavioral economics
- Take a deep dive into how to read market sentiment and make it work for you
- Get a look at the first innovation in charting for decades—straight from Japan
With comprehensive coverage from charting basics to the cutting edge, Technical Analysis for Dummies includes everything you need to the make informed independent market decisions that will maximize your profits. Happy trading!
Table of Contents:
Introduction 1
Part 1: Getting Started with Technical Analysis 5
Chapter 1: Introducing Technical Analysis 7
Chapter 2: Tapping into the Wisdom of the Crowd 29
Chapter 3: Trade What You See: Market Sentiment 45
Chapter 4: Gaining Critical Advantage from Indicators 61
Chapter 5: Managing the Trade 79
Part 2: Building Indicators from the Ground Up 101
Chapter 6: Reading Basic Bars: How to Pounce on Opportunities 103
Chapter 7: Special Bars — An Early Warning System 121
Chapter 8: Redrawing the Price Bar: Japanese Candlesticks 141
Part 3: Finding Patterns 157
Chapter 9: Seeing Patterns 159
Chapter 10: Drawing Trendlines 173
Chapter 11: Transforming Channels into Forecasts 187
Part 4: Dynamic Analysis 207
Chapter 12: Using Dynamic Lines 209
Chapter 13: Measuring Momentum 233
Chapter 14: Estimating Volatility 253
Chapter 15: Ignoring Time to Create Better Timing 265
Chapter 16: Combining Techniques 281
Chapter 17: Judging Cycles and Waves 297
Chapter 18: The Mind-Blowing Ichimoku 317
Part 5: The Part of Tens 331
Chapter 19: Ten Secrets of the Top Technical Traders 333
Chapter 20: Ten Rules for Working with Indicators 339
Appendix: Additional Resources 345
Index 351
About the Author :
Barbara Rockefeller is an international economist and forecaster who specializes in foreign exchange. A pioneer in technical analysis, she also led the way in combining technical and fundamental analysis. Barbara publishes daily reports using both techniques for central banks, professional fund managers, corporate hedgers, and individual traders.
