July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
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The Dilemma: Minor or Major Reversal
Investors tracking prices on charts have many tools available to them for determining whether a trend is continuing or growing weaker. For example, the use of trendlines, channel lines, Bollinger Bands, other statistical tests, and observations of price in proximity to resistance and support all help to spot a trend’s long-term health.
After the price activity diverts from an orderly and identified trend, it is likely to signal a coming change. That might be represented by a period of consolidation or outright change in a trend’s direction. Trendlines and channel lines track the direction and duration of the trend, and they set up a disciplined and predictable course, until it all changes. Once the trendlines ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.