Mastering Technical Analysis (McGraw-Hill Trader's Edge Series) - Hardcover

Brooks, John

Hardcover

ISBN 10: 0071448829 ISBN 13: 9780071448826

Publisher: McGraw-Hill Education, 2005

Synopsis

This book lets you learn from a legend of modern technical analysis how to dramatically improve your forecasting accuracy and trading profits. John Brooks is a globally recognized leader in the field of modern technical analysis. In "Mastering Technical Analysis", Brooks transfers his considerable knowledge to the printed page, providing both beginning and advanced traders with a broad introduction to the tools and methodologies of technical analysis along with market-proven insights for using those tools to improve analytic skills and trading performance. Each vital aspect of technical analysis is introduced and explored in detailed, step-by-step fashion: The forces of supply and demand Patterns and pattern recognition, Channels, Trends, Volume, Momentum, Moving averages, Money flow Sentiment, Relative strength analysis, Cycles, Sectors Groups, and finding your comfort level and style."Mastering Technical Analysis" is a practical examination of the key tools of technical analysis - how they work, why they work, and which work best in specific situations. Written by one of the founding members of the Market Technician's Association, it will provide you with the guidance and insights you need to improve your trading performance, by removing the guesswork from every move you make. Technical analysis and trading have undergone a tremendous transformation over the past decade. Exciting new vehicles like exchange-traded funds have combined with inexpensive high-speed computers, low-cost online trading accounts, and unprecedented access to information to create wealth-building opportunities that were previously unavailable to the majority of investors and traders. This ease of access can also work against you if you don't take time to learn the nuances."Mastering Technical Analysis" features insights and methodologies for taking full advantage of the opportunities this new world represents without exposing your portfolio to its well-concealed risks. Pioneering technical analyst John Brooks shows you how to understand and skillfully apply well-known as well as little-used tools of technical analysis by exploring: strategies for studying past market and chart patterns to more accurately forecast future market events; the four primary types of charts - line, bar, point and figure, and candlestick; what gaps can indicate, from breakaway and continuation to exhaustion and island reversal; when to use arithmetic scaling, and when a logarithmic chart is more practical; aspects and uses of numerous types of oscillators, from stochastics and rates of change to MACD, ADX, and more; and government statistics - which matter most, and why they can reveal profitable opportunities.It also includes: when, why, and how to use dozens of popular indicators, from the VIX index to the 10-30 DMA; psychological tips and traps for ignoring market noise to instead focus on market opportunities; and insights for uncovering profit possibilities in China, India, and other emerging global markets. Through up, down, and neutral trends, and in every economic environment, millions of traders and investors have discovered that the tools of technical analysis can provide remarkable insights into pending market movements. "Mastering Technical Analysis" provides a comprehensive introduction to the best of these time-honored weapons and, from initial paper trading to real-time application of advanced strategies, presents you with a hands-on template for integrating the profitable advantages of technical analysis into your trading routine.

About this title

About the Author

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

From the Back Cover

Learn from a legend of modern technical analysis how to dramatically improve your forecasting accuracy and trading profits

John Brooks is a globally recognized leader in the field of modern technical analysis. In Mastering Technical Analysis, Brooks transfers his considerable knowledge to the printed page, providing both beginning and advanced traders with a broad introduction to the tools and methodologies of technical analysis along with market-proven insights for using those tools to improve analytic skills and trading performance.

Each vital aspect of technical analysis is introduced and explored in detailed, step-by-step fashion:

• The forces of supply and demand
• Patterns and pattern recognition
• Channels
• Trends
• Volume
• Momentum
• Moving averages
• Money flow
• Sentiment
• Relative strength analysis
• Cycles
• Sectors
• Groups
• Finding your comfort level and style

Mastering Technical Analysis is a practical examination of the key tools of technical analysis--how they work, why they work, and which work best in specific situations. Written by one of the founding members of the Market Technician s Association, it will provide you with the guidance and insights you need to improve your trading performance, by removing the guesswork from every move you make.

Technical analysis and trading have undergone a tremendous transformation over the past decade. Exciting new vehicles like exchange-traded funds have combined with inexpensive high-speed computers, low-cost online trading accounts, and unprecedented access to information to create wealth-building opportunities that were previously unavailable to the majority of investors and traders.

This ease of access can also work against you if you don t take time to learn the nuances.

Mastering Technical Analysis features insights and methodologies for taking full advantage of the opportunities this new world represents without exposing your portfolio to its well-concealed risks. Pioneering technical analyst John Brooks shows you how to understand and skillfully apply well-known as well as little-used tools of technical analysis by exploring:

• Strategies for studying past market and chart patterns to more accurately forecast future market events
• The four primary types of charts--line, bar, point and figure, and candlestick
• What gaps can indicate, from breakaway and continuation to exhaustion and island reversal
• When to use arithmetic scaling, and when a logarithmic chart is more practical
• Aspects and uses of numerous types of oscillators, from stochastics and rates of change to MACD, ADX, and more
• Government statistics--which matter most, and why they can reveal profitable opportunities
• When, why, and how to use dozens of popular indicators, from the VIX index to the 10-30 DMA
• Psychological tips and traps for ignoring market noise to instead focus on market opportunities
• Insights for uncovering profit possibilities in China, India, and other emerging global markets

Through up, down, and neutral trends, and in every economic environment, millions of traders and investors have discovered that the tools of technical analysis can provide remarkable insights into pending market movements. Mastering Technical Analysis provides a comprehensive introduction to the best of these time-honored weapons and, from initial paper trading to real-time application of advanced strategies, presents you with a hands-on template for integrating the profitable advantages of technical analysis into your trading routine.

Edition details

• Publisher: McGraw-Hill Education
• Publication date: 2005
• Language: English
• ISBN 10: 0071448829
• ISBN 13: 9780071448826
• Binding: Hardcover
• Number of pages: 320