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A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
book

A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

by Michael C. Thomsett
July 2015
Intermediate to advanced content levelIntermediate to advanced
352 pages
9h 40m
English
Pearson
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits

Introduction: Defining the Trend

Efficiency or randomness? What defines the market?

Experienced professional traders realize that the market is neither efficient nor random. Even the Dow Theory, the basis of traditional technical analysis, does not agree on identification of changes in primary trends. The meaning of trends is debated endlessly among technicians. Is a change in direction a new primary trend, a secondary trend, or merely a retracement? The debate is ceaseless and there appears to be more disagreement than agreement on the basic question of how trends behave.

In this uncertain trading environment, how do professional traders manage effectively? This book offers methods for trend analysis based on a few sound principles. These include ...

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Publisher Resources

ISBN: 9780134190662Purchase book