Book description
A cutting-edge guide to turning technical analysis into trading success,
Chart Your Way to Profits, Second Edition shows you how to use the powerful technology available online in conjunction with technical analysis to assess markets and make the most profitable trading decisions possible.
In the book, author Tim Knight discusses the key aspects of technical analysis and reveals how to design your own charts and indicators in a way that enables you to easily monitor the markets and make solid trading decisions. This new edition discusses a wider range of technical tools within ProphetCharts and shows you how to evaluate and compare industry sectors and groups of stocks to identify the best trading opportunities.
Features many new technical tools for tracking individual stocks
Illustrates how to use the highly-rated online application ProphetCharts to create state-of-art, customized graphs
Helps hone your own analysis skills through hundreds of real-world examples
Written in a straightforward and accessible manner, Chart Your Way to Profits, Second Edition not only explains technical analysis, but also provides readers with examples demonstrating how effective technical analysis can identify highly profitable trades.
Table of contents
- Copyright
- Introduction
- About the Author
-
1. Technical Analysis
- 1.1. THE BULLS VERSUS THE BEARS
- 1.2. WHY IS A PREDICTION VALUABLE?
- 1.3. A WORD ON SHORTING
- 1.4. SUPPORT AND RESISTANCE
- 1.5. WHAT HAPPENS WHEN PRICES PUNCH THROUGH?
- 1.6. HISTORY REPEATS ITSELF
- 1.7. HEAD AND SHOULDERS
- 1.8. A BREAKOUT AND A FAILURE
- 1.9. A CHANGE IN DIRECTION
- 1.10. WHEN PATTERNS WORK TOGETHER
- 1.11. MORE BREAKOUTS
- 1.12. MORE BREAKDOWNS
- 1.13. CHARTING FOR YOURSELF
-
2. Fundamentals of Chart Creation
- 2.1. ARITHMETIC VERSUS LOGARITHMIC
- 2.2. DIFFERENT INSTRUMENTS, DIFFERENT CHARTS
- 2.3. LET'S START CHARTING
- 2.4. ZOOMING FOR A BETTER VIEW
- 2.5. DATA DETAILS
- 2.6. SEARCHING FOR SYMBOLS
- 2.7. OPTIONS SEARCH
- 2.8. FUTURES SEARCH
- 2.9. STREAMING CHARTS
- 2.10. CHARTING DIFFERENT TIME PERIODS
- 2.11. CLONING CHARTS
- 2.12. NEXT UP
-
3. Modules and Preferences
- 3.1. BASIC MODULE BEHAVIOR
-
3.2. THE DETAILS OF EACH MODULE
- 3.2.1. Quote
- 3.2.2. Patterns: Symbols
- 3.2.3. Candle Patterns: Symbols
- 3.2.4. Phase 1 and 2 Scores
- 3.2.5. Currency Pairs
- 3.2.6. Ratio Charts
- 3.2.7. My Watch Lists
- 3.2.8. My Portfolios
- 3.2.9. My Study Sets
- 3.2.10. My Chart Styles
- 3.2.11. Chart Toppers
- 3.2.12. Futures
- 3.2.13. Indices
- 3.2.14. Technical Studies
- 3.2.15. Breakout Studies
- 3.2.16. Quick Toggles
- 3.2.17. Option Controls
- 3.3. PREFERENCES IN PROPHETCHARTS
- 3.4. DRAGGING AND DROPPING
- 3.5. RIGHT-CLICKING FOR MORE ACTIONS
- 4. Watch Lists and Chart Styles
- 5. Market and Data Types
- 6. Indicators in Action
- 7. Multiple Studies and Comparisons
- 8. Trendlines and Reversals
- 9. Expansion and Channels
- 10. Rounded Tops and Saucers
- 11. Cup with Handle
- 12. Multiple Tops and Bottoms
- 13. Head and Shoulders
- 14. Pattern Recognition
- 15. Fibonacci Drawings
- 16. Power Features
- 17. For Bears Only
- 18. A Practical Guide to Trading
- A. The Kirk Report Interview
- B. MarketMatrix
Product information
- Title: Chart Your Way to Profits: The Online Trader's Guide to Technical Analysis with ProphetCharts, Second Edition
- Author(s):
- Release date: August 2010
- Publisher(s): Wiley
- ISBN: 9780470620021
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