A simple, straightforward guide to the fundamentals of technical analysis
Savvy traders have been using technical analysis for over a century. It's easier than ever with PCs and the Internet to use technical analysis to make smarter trading decisions. This hands-on, friendly guide gives you plain-English explanations of everything you need to know to put money in a securities market to astounding results.
Open the technical analysis toolbox — get a clear overview of what technical analysis is and how it lets you observe prices in a new way to make trading decisions
Get in the technical mind frame — discover how to select indicators that match your personality and preference for risk, and get to know the types of profit and loss outcomes typical to each
Set the bar — understand how to observe price bars and small patterns to earn cold, hard cash
Be trendy — use indicators to identify whether your price is trending, the strength of the trend, and when the trend is at a reversal
Open the book and find:
- Why technical analysis does and doesn't (always) work
- Ways to identify crowd behavior and patterns
- When to use chart indicators
- How to draw a trendline
- Guidance on transforming channels into forecasts
- The simple arithmetic needed for dynamic analysis
- Tips for measuring momentum
- Why timing is everything
- Expert examples
Learn to:
- Grasp and apply the basic principles of technical analysis
- Improve your profits
- Brush up your knowledge of the trend-following principle
- Join the smart money crowd that knows when to hold, and when to fold
