Essentials of Technical Analysis for

This technical analysis guide will appeal to a broad base of readers involved in all financial trading markets. The book promotes a do-it-yourself mentality for investors and acts as an all-encompassing guide to navigating the financial markets profitably. It would be written in a clear, easy-to-understand, and straightforward style, in keeping with Essentials Series style and focuses on the key information needed by investors to take on any financial market effectively.

James Chen, CTA, CMT, is Chief Technical Strategist at FX Solutions, a global leader in foreign exchange trading. An expert on technical analysis and financial market trading, he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen contributes daily and intraday technical analysis to key financial media, is a frequent speaker at trading seminars, and has authored numerous articles on trading strategies and technical analysis in major financial publications. His previous book, Essentials of Foreign Exchange Trading (Wiley), has become an industry-standard guide for currency traders.

Preface	p. xiii
Acknowledgments	p. xvii
Introduction to Technical Analysis: Pursuing Profit in the Financial Markets	p. 1
What Is Technical Analysis?	p. 2
Technical versus Fundamental	p. 2
Methods	p. 5
What to Expect	p. 5
Summary	p. 9
The Story of Technical Analysis: From the Japanese Rice Markets to Dow Theory to Automated Trading	p. 11
The Beginning: Japanese Rice Markets	p. 12
Dow Theory	p. 14
Charting	p. 17
Elliott Wave	p. 18
W. D. Gann	p. 20
Indicators	p. 20
Trend Followers	p. 22
Market Technicians Association	p. 23
Technical Analysis Today	p. 23
Summary	p. 24
The Power of Technical Analysis: Principles of Price Action	p. 27
Introduction to Price Action Concepts	p. 28
Components of Price Action	p. 29
Summary	p. 32
The Basics of Technical Analysis: Bars, Candlesticks, Lines, and Point and Figure	p. 33
Bars and Candlesticks	p. 34
Line Charts	p. 37
Point-and-Figure Charts	p. 38
Summary	p. 40
The Heart of Technical Analysis: Uptrends and Downtrends	p. 41
Introduction to Trend	p. 42
Effect of Time Frames on Trend Determination	p. 50
Parallel Trend Channels	p. 52
Trend Lines	p. 54
Summary	p. 55
The Soul of Technical Analysis: Support and Resistance	p. 57
Introduction to Support and Resistance	p. 58
Support Becomes Resistance Becomes Support	p. 60
Summary	p. 64
Primary Drawing Tools: Trend Lines, Trend Channels, and Horizontal Support and Resistance	p. 65
Introduction to Drawing Tools	p. 66
Static Support and Resistance	p. 67
Dynamic Support and Resistance	p. 72
Horizontal Support and Resistance Lines	p. 78
Trend Lines	p. 81
Parallel Trend Channels	p. 87
Summary	p. 89
Chart Patterns: Bar Shapes and Candlestick Formations	p. 91
Introduction to Chart Patterns	p. 91
Continuation Bar Patterns	p. 93
Reversal Bar Patterns	p. 102
Gaps	p. 106
Candlestick Patterns	p. 110
Single-Candle Patterns	p. 111
Multiple-Candle Patterns	p. 116
Summary	p. 118
The World of Moving Averages	p. 119
Introduction to Moving Averages	p. 119
Moving Average Crossovers	p. 123
Moving Averages as Support and Resistance	p. 131
Summary	p. 134
Key Technical Indicators and Oscillators	p. 135
Introduction to Indicators and Oscillators	p. 135
Key Indicators	p. 139
Key Oscillators	p. 148
Summary	p. 159
Fibonacci and Elliott Wave	p. 161
Fibonacci Theory and Methods	p. 161
Elliott Wave Theory	p. 170
Summary	p. 175
Point-and-Figure Charting	p. 177
Introduction to Point and Figure	p. 177
Point-and-Figure Patterns	p. 181
Point-and-Figure Price Targets	p. 188
Summary	p. 190
Volume	p. 193
Introduction to Volume	p. 193
On-Balance Volume	p. 196
Tick Volume	p. 198
Summary	p. 199
Technical Trading Strategies: Practical Applications	p. 201
Introduction to Technical Trading Strategies	p. 202
Moving Average Crossovers	p. 203
Breakout Trading	p. 212
Trend Trading	p. 224
Range Trading	p. 238
Price-Oscillator Divergences	p. 244
Oscillator Trading	p. 249
Fibonacci Trading	p. 254
Positive Expectancy	p. 256
Summary	p. 258
Risk Control and Money Management	p. 261
Introduction to Risk Control and Money Management	p. 262
Stop-Losses	p. 263
Reward: Risk Ratio	p. 266
Maximum Allowable Loss	p. 269
Multiple Fractional Positions	p. 271
Diversification	p. 273
Summary	p. 273
Index	p. 277
Table of Contents provided by Ingram. All Rights Reserved.

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Essentials of Technical Analysis for Financial Markets

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