Getting Started in Technical Analysis

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John Wiley & Sons, 1999 M02 4 - 352 páginas
Revered by many, reviled by some, technical analysis is the art and science of deciphering price activity to better understand market behavior and identify trading opportunities. In this accessible guide, Jack Schwager-perhaps the most recognized and respected name in the field-demystifies technical analysis for beginning investors, clearly explaining such basics as trends, trading ranges, chart patterns, stops, entry, and exit and pyramiding approaches. The book's numerous examples and clear, simple explanations provide a solid framework for using technical analysis to make better, more informed investment decisions and as the basis for mechanical trading systems. Along with Schwager's invaluable trading rules and market observations culled from years of real-world trading experience, Getting Started in Technical Analysis offers in-depth coverage of:
* Types of charts-bar, close-only, point-and-figure, candlestick.
* Chart patterns-one-day, continuation, top and bottom formations, the importance of failed signals.
* Trading systems-trend-following, counter-trend, pattern recognition.
* Charting and analysis software-price data issues, time frame/trading style considerations, software research.
* he planned trading approach-trading philosophy, choosing markets, risk control strategies, establishing a trading routine.
 

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Contenido

Preface
The Great Fundamental versus Technical Analysis Debate
1
BASIC ANALYSIS TOOLS
5
Charts Forecasting Tool or Folklore?
7
Types of Charts
17
Trends
33
Trading Ranges and Support and Resistance
51
Chart Patterns
73
The Most Important Rule in Chart Analysis
152
RealWorld Chart Analysis
178
TRADING SYSTEMS
219
Charting and Analysis Software
221
Technical Trading Systems Structure and Design
226
Testing and Optimizing Trading Systems
253
PRACTICAL TRADING GUIDELINES
275
The Planned Trading Approach
277

Oscillators
110
Is Chart Analysis Still Valid?
120
TRADING ISSUES
127
Midtrend Entry and Pyramiding
129
Choosing StopLoss Points
136
Setting Objectives and Other Position Exit Criteria
143
EightyTwo Trading Rules and Market Observations
288
Market Wizardom
299
Additional Concepts and Formulas
315
Glossary
325
Index
333
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JACK D. SCHWAGER is a recognized industry expert on futures and hedge funds and the author of the widely acclaimed Market Wizards and Schwager on Futures book series. He is currently the co-portfolio manager of the ADM Investor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. Previously, Mr. Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm, which specialized in creating customized hedge fund portfolios for institutional clients, and also spent over twenty years as a director of futures research for some of Wall Street’s leading firms.

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