High-Probability Trade Setups: A Chartists Guide to Real-Time Trading: 509 (Wiley Trading) - Hardcover

Knight, Timothy

Hardcover

ISBN 10: 1118022254 ISBN 13: 9781118022252

Publisher: Wiley, 2011

Synopsis

A comprehensive volume of today's most profitable trade set-ups A key element of trading is identifying situations in the financial markets that can produce a profitable trade. Fundamental analysts search for situations where a stock is undervalued or if a stock's prospective earnings growth is underestimated by a majority of investors. Technical analysts look at patterns in the market that historically indicate the direction of the markets next move. High Probability Trade Set-Ups catalogs the best trading situations from a variety of technical approaches. Engaging and informative, High Probability Trade Set-Ups provides a detailed explanation of twenty powerful, recurring tradable situations in the financial markets. Each pattern is thoroughly described, including its strengths and drawbacks, ease of identification, and the degree to which it produces profitable trades. Most importantly, the author provides entry and exit points for each set up. Examples of the set-ups include chart patterns such as ascending triangles, diamonds, gaps, pennants, and channels. * Features many new technical tools for tracking individual stocks * Contains a resource guide, which will help to monitor the market for the trade set-ups discussed throughout the book * Reveals how to use ProphetCharts to perform advanced intermarket technical studies and identify the best opportunities Written in a straightforward and accessible style, High Probability Trade Set-Ups covers a lot of ground with respect to this approach and shows you how to use it to make the most of your time in today's dynamic markets.

About this title

From the Back Cover:

Praise for HIGH-PROBABILITY TRADE SETUPS

"Technical analysis, in Tim Knight's way of thinking, is not just focusing on a chart and drawing lines. Rather, it's providing special market insight from years of trading. Tim's latest book makes me feel like I missed something in my own development as a trader and I want to learn more."
--Tom Sosnoff, founder of thinkorswim.com and current CEO of tastytrade.com

"Technical price patterns give traders an edge in any market, but it is a technique that is full of nuances that can be challenging for new traders. High-Probability Trade Setups explains the patterns you need to understand, and fully explains the details of why they work the way they do. Tim Knight is uniquely qualified to provide the detail that is always just skimmed over by other authors. He is one of the pioneers of computerized and Internet charting and has been studying technical patterns as a market professional since before most of today's traders opened their first brokerage account. If you want to fully understand the process of using technical patterns to find and execute successful trades, then I couldn't recommend this book more enthusiastically."
--John Jagerson, founder of LearningMarkets.com and author of All About Investing in Gold

"Tim's latest book shares his lifetime of knowledge with traders who appreciate and utilize charting and technical analysis as a critical component of developing and executing their trading strategies. With High-Probability Trade Setups, Tim adds another volume to what has become a living library of technical analysis for everyone from the beginning investor seeking an education as to the meaning of technical analysis to this latest edition which is for the more active--but still learning--trader who wants to understand the more sophisticated charting patterns and how to use them profitably. Tim lives, eats, and breathes technical analysis and charting, and I recommend this book to all investors."
--Lee Barba, former CEO, Investools

About the Author:

Timothy Knight is the founder of Prophet Financial Systems (now owned by Ameritrade), which has been rated by Forbes and Barron's as the number one online site for technical analysis. He also operates a highly successful trading blog, SlopeOfHope.com. Prior to starting Prophet.net, Knight was vice president of technology products for Montgomery Securities, where he helped develop PC-based trader workstations before the development of web trading. Knight has traded for more than twenty years, primarily using technical analysis and price charts. He is also the author of both editions of Chart Your Way to Profits (Wiley).

About this edition

• Publisher: Wiley
• Publication date: 2011
• ISBN 10: 1118022254
• ISBN 13: 9781118022252
• Binding: Hardcover
• Edition number: 1
• Number of pages: 368