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Candlestick and Pivot Point Trading Triggers, + Website: Setups for Stock, Forex, and Futures Markets(Wiley Trading)

Candlestick and Pivot Point Trading Triggers, + Website: Setups for Stock, Forex, and Futures Markets(Wiley Trading)

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About the Book

Technical analysis for today's market, with smarter setups for less risk Candlestick and Pivot Point Trading Triggers +Website makes Pivot Point analysis relevant for today's market, with up-to-date data and new techniques that reflect the current trading environment. Tried-and-true tactics are modernized with new tools and approaches, and novel methodologies are introduced to help you make smarter trades while minimizing risk. Directional options strategies draw on analysis from Thinkorswim, TradeStation and Genesis Software, and are integrated with PPS Indicator and Persons Pivots. Quarterly pivots are introduced for long-term trading opportunities and option strategists, and leveraged and inverse-leveraged ETFs are brought into the detailed discussion on trading vehicles. The author's own proprietary setups have been updated to align with the new trading realities, and the new chapter on volume analysis covers the techniques used in his book Mastering the Stock Market. Combined with the tools and resources featured on the companion website, this book gives you the tools and techniques you need to boost your portfolio's performance. Technical analysis offers more profit opportunities than ever before, but the tools of the trade have changed. This book brings you up to date with the latest, so you can start getting even more out of your trades. Utilize leveraged and inverse-leveraged ETFs Integrate directional options strategies Apply new techniques for volume analysis Implement quarterly pivots for longer-term opportunities The 2006 publications of this book's first edition brought pivot point and candlestick charting into the limelight. The market has undergone massive changes in the past ten years, and many of the most effective techniques have been adjusted and integrated with new tools to become even more effective in today's market. This new second edition of Candlestick and Pivot Point Trading Triggers +Website brings clarity to the current market, and strength to your investment strategy.

Table of Contents:
Acknowledgments xi About the Author xiii Introduction 1 Things Change 1 The Conundrum 2 History Should Repeat Itself 2 Delayed Reaction 3 Trading for a Living 3 The New Age Technician 4 Chapter 1 Trading Vehicles, Stock, ETFs, Futures, and Forex 5 Importance of a Rule-Based Approach 7 Start Trading as a Business 8 Education is the Key to Success 9 Traders Need to Ask More Questions 11 Risk Per Trade 14 Number One Trading Focus—Risk Management 14 Diversification is the Key to Success 15 Habitual Winners Follow Trading Plans 15 Investment Vehicles 19 FX—Forex 19 Stock Trading Opportunities 20 Spread Trading Tips 23 Become the Next Warren Buffett 27 Long-Term Investing or Short-Term Trading 28 Exchange-Traded Funds 28 Personalized Mini-Mutual Fund 29 Hot Sectors, Hot Stocks 30 Currency ETFs 31 Commodity ETFs 31 The Hot Stock 32 Futures Markets: Leverage System 35 Futures Contracts 36 Tandem Trading Techniques 39 Stocks Influenced by Commodities 42 Forex, the Currency Cash Machine 42 Margin and Leverage 43 Long and Short 44 Benefits of Futures and Forex 44 Insider Trading Information 49 Summary 53 Study the “Macro” Issues 53 Chapter 2 Determining Market Condition 57 Bullish, Bearish, or Neutral 57 What Defines Momentum? 59 What Makes a Successful Trader? 59 Where’s the Catch? 61 Find the Clues! 62 Be on Guard for Changes 65 Forex Markets Fall Prey to Reversals 67 Moving Averages Help! 68 Filling in the Gap 70 Chapter 3 How to Read Oscillators to Spot Overbought or Oversold Conditions 75 Stochastics 76 Rules to Trade By 77 Stochastics Confirms the Turn 81 Tips and Tricks to Help 82 Stochastics Patterns 82 Rules to Trade By 84 MACD 86 Summary 93 Chapter 4 Momentum Changes: How to Spot a Trend’s Strength or Weakness 95 Volume as a Trend Indicator 96 Overbought Market Condition—A Dead Giveaway 102 Blow-Off Tops on Volume Spikes 103 Volatility ETN ($XVV) versus SPY or E-mini S&P Futures 105 Actionable Trade Concepts 106 Chapter 5 Pivot Points: Determine Key Price Support and Resistance Areas and the Importance of Confluence 111 Support and Resistance in Disguise 112 Mathematical Calculations 114 The Leading Indicator 114 Possible Outcomes When Prices are Near Pivot Area 118 Determine the Range 121 Multiple Time Frame Analysis 121 Filter Out Information Overload 124 Predicting Highs and Lows Using the Calculations 124 Filtering the Numbers 124 Lining Up the Numbers 126 Pivots Combined with Candles 128 The Importance of Confluence 137 Time and Price 137 Volatility is Good—To a Degree 139 Confluences Work at Tops 141 Option Covered Call Strategy 147 Summary 152 Chapter 6 Pivot Point Moving Average System 153 Determining Trend Direction 154 Beat the Street 154 The Simple Moving Average 154 Trading Trigger Strategy 165 Conditional Optimized Moving Average System 166 PPS Indicator 167 Trading Tips 169 How Do I Start? 175 Chapter 7 Candle Charts and Top Reversal Patterns 183 Candlestick Charting 183 Candle Formations 186 The Doji 187 Other Important Candle Patterns 189 Candlestick Trading Strategies 202 Chapter 8 Set-ups and Triggers: Combining Candles and Pivots 213 High Close Doji 216 Characteristics 217 Triggers on Futures Markets 227 Low Close Doji 231 Characteristics 232 Trading Rules 232 Triggers on Futures Markets 239 Triggers on Stocks 241 The Best Predictive Indicator 242 Summary 244 Chapter 9 Risk and Trade Management: Setting Stops and Profit Targets 247 Placing Stop Orders 249 General Uses of Stop Orders 249 Rising SAR calculation 257 Falling SAR Calculation 257 The Bottom Line 263 Chapter 10 Projecting Entry and Exit Points: Learn to Scale Out 265 Steps to Success 268 Last Conditional Change 270 Do Something Great 273 Scale and Trail 274 Integrate Pivot Points to Help Time Your Entries and Exits 275 Buy Support, Sell Resistance 277 Chapter 11 The Sample Analysis: The Proof is in the Back-Testing 281 Seasonal Stock System 285 History Lessons 286 Which Strategy to Select? 288 What About the MACD? 289 What is the Best Day Trading Confirmation Trigger to Program? 296 Show Me the Proof 298 Money Management is the Key to Success 304 What and When is the Best Time to Trade? 305 Chapter 12 Confidence to Pull the Trigger Comes from Within 313 Wait for the Trade Signals 316 The Right Frame of Mind 320 Track and Chart Your Trades 320 Changes Since the 1st Edition 322 Change Your Brain 323 Simulated Trading 324 Live by the Rules 326 Index 327


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Product Details
  • ISBN-13: 9781119295532
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: John Wiley & Sons Inc
  • Edition: 0002-
  • Language: English
  • Returnable: N
  • Spine Width: 31 mm
  • Weight: 544 gr
  • ISBN-10: 111929553X
  • Publisher Date: 13 Nov 2020
  • Binding: Paperback
  • Height: 234 mm
  • No of Pages: 368
  • Series Title: Wiley Trading
  • Sub Title: Setups for Stock, Forex, and Futures Markets
  • Width: 188 mm


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