Understand and apply the latest evidence-based trading strategies and techniques in technical analysis
In the newly revised fifth edition of Technical Analysis For Dummies, renowned economist and foreign exchange forecaster Barbara Rockefeller walks you through the basic principles, formulas, and techniques you need to reliably predict the movement of prices based on technical data. This straightforward guide shows you how to put technical knowledge to work to generate profitable trades and make lucrative decisions within your portfolio.
This latest edition offers useful updates on new developments in the discipline, including the integration of artificial intelligence to analyze data, identify patterns, and make predictions. It also covers the incorporation of non-traditional data sources, like social media sentiment and web traffic.
Technical Analysis For Dummies also provides:
- Step-by-step guidance on spotting market trends and key indicators of future price increases or decreases
- Behavioral economics insights you can apply to your own trading strategy for immediate improvements in your risk-adjusted returns
- Discussions of the latest innovations in charting
With comprehensive and cutting-edge explorations of the theories, trends, and science that animate technical analysis, Technical Analysis For Dummies explains the hands-on tools and techniques you’ll need to make informed, independent market decisions that maximize returns and minimize risk.
Table of Contents:
INTRODUCTION 1
About This Book 1
Foolish Assumptions 3
Icons Used in This Book 3
Beyond the Book 4
Where to Go from Here 4
PART 1: GETTING STARTED WITH TECHNICAL ANALYSIS 5
CHAPTER 1: Introducing Technical Analysis 7
CHAPTER 2: Tapping into the Wisdom of the Crowd 27
CHAPTER 3: Trade What You See: Market Sentiment 43
CHAPTER 4: Gaining Critical Advantage from Indicators 59
CHAPTER 5: Managing the Trade 75
CHAPTER 6: Taming Uncertainty: How to Use
CHAPTER 7: Slicing the Pie 95
CHAPTER 8: Using AI in Technical Analysis-Based Trading 101
PART 2: BUILDING INDICATORS FROM THE GROUND UP 109
CHAPTER 9: Reading Basic Bars: How to Pounce on Opportunities 111
CHAPTER 10: Special Bars: An Early Warning System 129
CHAPTER 11: Redrawing the Price Bar: Japanese Candlesticks 149
PART 3: FINDING PATTERNS 165
CHAPTER 12: Seeing Patterns 167
CHAPTER 13: Drawing Trendlines 181
CHAPTER 14: Transforming Channels into Forecasts 197
PART 4: DYNAMIC ANALYSIS 213
CHAPTER 15: Using Dynamic Lines 215
CHAPTER 16: Measuring Momentum 237
CHAPTER 17: Estimating Volatility 255
CHAPTER 18: Ignoring Time to Create Better Timing 267
CHAPTER 19: Combining Techniques 279
CHAPTER 20: Judging Cycles and Waves 295
CHAPTER 21: The Mind-Blowing Ichimoku 313
PART 5: THE PART OF TENS 325
CHAPTER 22: Ten Secrets of the Top Technical Traders 327
CHAPTER 23: Ten Rules for Working with Indicators 333
APPENDIX: ADDITIONAL RESOURCES 339
INDEX 345
About the Author :
Barbara Rockefeller, BA, MA, is an international economist and forecaster specializing in foreign exchange. A pioneer in combining technical and fundamental analysis, she publishes daily reports for central banks, fund managers, and traders. She’s also the author of all previous editions of Technical Analysis For Dummies and five other books, including The FX Matrix.
