Book description
This is the only modern, action-oriented and practical guide to trend analysis and prediction for the professional trader. Unlike outdated competitive guides, it fully reflects today’s markets and charting sciences.
Writing for traders with basic knowledge of trends and technical analysis, Michael C. Thomsett introduces advanced analytical tools for recognizing how risks evolve as trends proceed; distinguishing between strong and weak trends; objectively evaluating the health of a stock’s current price levels, trading breadth, and technical condition; and anticipating plateaus, slowdowns, or price reversals.
Thomsett introduces trend prediction based on technical signals such as candlestick reversals, price gaps, and movement through resistance or support, enabling traders to go far beyond mere trend "following." You’ll learn techniques for gaining deeper insights into price change – and into valuable factors such as the angle of price change, trend duration, and offsetting price movements.
You’ll find detailed coverage of trend theory, resistance, support, trendlines and channel lines; patterns and confirmations of both reversals and continuations; broadening and narrowing trends, price jumps; and trends based on volume, moving averages, and momentum.
While other books focus solely on technical price movement, A Technical Approach to Trend Analysis will help you understand the trend itself – and use that insight to manage market risks far more effectively.
Table of contents
- About This eBook
- Title Page
- Copyright Page
- Contents
- Acknowledgments
- About the Author
- Introduction: Defining the Trend
- 1. The Theory of Trends—Dow, EMH, and RMH in Context
-
2. Statistically Speaking—Trends by the Numbers
- Fat Tails and Trends
- Statistical Tendencies
- Trends and Averages
- Trends Versus Price
- Strengths and Weaknesses of Trends
- Pattern Cycles
- Market Sentiment Expressed in the Trend
- Momentum Trading
- Statistical Measurements and Trend Behavior Distinguished
- Spikes and How to Manage Them
- After the Spike—Breakouts and Reversals
- Statistical Analysis of Fundamentals
- Game Theory Applied to Trend Analysis
- Magical Thinking and Trends
- 3. Resistance and Support—A Trend’s Moment of Truth
- 4. Trendlines and Channel Lines—The Shape of Things to Come
- 5. Reversal Patterns—End of the Trend
- 6. Continuation Patterns—A Bend in the Trend
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7. Confirmation Signals—Turning the Odds in Your Favor
- The Causes of Price Movement
- Behavioral Psychology and the Market
- The Flaw of Overconfidence
- Resistance and Support as Keys to Confirmation Proximity
- Strong and Weak Confirmation
- Momentum and Timing of Preceding Trends
- Divergence Analysis and Confirmation
- Fundamental Analysis and Confirmation
- Confirmation Bias
- 8. Consolidation Patterns—The Sideways Pause
- 9. Volume Signals—Tracking Price Trends
- 10. Mind the Gap—When Price Jumps Signal Change
- 11. Moving Averages—Order in the Change
- 12. Momentum Oscillators—Duration and Speed of a Trend
- 13. Volatility—Marking Risk within the Trend
- 14. Fundamentals—Connecting the Two Sides
- 15. Overview—Putting It All Together
-
Endnotes
- Chapter 1: The Theory of Trends—Dow, EMH, and RMH in Context
- Chapter 2: Statistically Speaking—Trends by the Numbers
- Chapter 3: Resistance and Support—A Trend’s Moment of Truth
- Chapter 4: Trendlines and Channel Lines—The Shape of Things to Come
- Chapter 5: Reversal Patterns—End of the Trend
- Chapter 6: Continuation Patterns—A Bend in the Trend
- Chapter 7: Confirmation Signals—Turning the Odds in Your Favor
- Chapter 8: Consolidation Patterns—The Sideways Pause
- Chapter 9: Volume Signals—Tracking Price Trends
- Chapter 10: Mind the Gap—When Price Jumps Signal Change
- Chapter 11: Moving Averages—Order in the Change
- Chapter 12: Momentum Oscillators—Duration and Speed of a Trend
- Chapter 13: Volatility—Marking Risk within the Trend
- Chapter 14: Fundamentals—Connecting the Two Sides
- Bibliography
- Index of Topics
- Index of Companies
- Financial Times Press
Product information
- Title: A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
- Author(s):
- Release date: July 2015
- Publisher(s): Pearson
- ISBN: 9780134190662
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