THE TECHNICAL ANALYSIS CLASSIC—REVISED AND UPDATED TO HELP YOU SUCCEED, EVEN DURING TIMES OF EXTREME VOLATILITY “This book contains the most advanced methodology I’ve ever seen.” —GEORGE C. LANE, from the Foreword Required reading for certification in the Chartered Market Technician (CMT) program Over a decade ago, when this groundbreaking guide was first published, the world of technical analysis had experienced vast change. Seemingly overnight, technological advances had utterly transformed the way market analysts performed their jobs. A growing army of professional technical traders, armed with global plug-and-play software, needed to improve their skills of price projection, timing, and risk management to weather the increasing market ranges and volatility. Technical Analysis for the Trading Professional helped them achieve it. The word spread that this practical guide provided radical new uses and combinations of indicators and formulas—and it became an instant classic. By comparison, today’s markets make those of 1999 look simple—so Technical Analysis for the Trading Professional has been expanded to reflect the author’s experiences over the past decade to bring you fully up to date. It provides comprehensive coverage of new techniques, as well as the timeless insight and tools that analysts will always need to maintain a competitive edge in the global financial markets, including: Explanations of why common oscillators do not travel between 0 and 100 and why signals develop in different ranges during bull versus bear market trendsExpanded guidelines for the use of the Composite Index. Formulas are fully detailed for this custom oscillator that warn when the Relative Strength Index is failing to detect a trend reversalA comprehensive foundation of Gann analysis, with an explanation of howGann Squares, the Gann Fan, and the Square of 9 are geometrically related to one anotherMethods for calculating Fibonacci retracements and swing projections in rapidly expanding or contracting marketsA more expansive discussion of cycle analyses and their asymmetrical properties Each chapter presents the given topic as a separate building block, moving step-by-step through 150 charts that lead toward new methods of price triangulation. The result enables you to pinpoint a market objective—even in the most extreme and volatile trading environment. Use Technical Analysis for the Trading Professional to establish the trading dominance you need to excel in today’s uncertain markets.

Table of Contents:
PART ONE: DISPELLING SOME COMMON BELIEFS ABOUT INDICATORS 1. Oscillators Do Not Travel Between 0 and 100 2. Dominant Trading Cycles Are Not Time Symmetrical 3. Choosing and Adjusting Period Setup for Oscillators 4. Dominant Trend Lines Are Not Always from Extreme Price Highs or Lows 5. Signals from Moving Averages Are Frequently Absent in Real-Time Charts PART TWO: CALCULATING MARKET PRICE OBJECTIVES 6. Adjusting Traditional Fibonacci Projections for Higher-Probability Targets 7. Price Projections by Reverse-Engineering Indicators 8. Price Analysis for Multiple Global Markets 9. Calculating Price and Time Objectives from a Gann Wheel 10. Using Oscillators with the Elliott Wave Principle PART THREE: NEW METHODS FOR IMPROVING INDICATOR TIMING AND FILTERING PREMATURE SIGNALS 11. Volatility Bands on Oscillators 12. The Composite Index 13. Evaluating the Comparative Strengths and Weaknesses of Common Indicators 14. The Derivative Oscillator 15. Testing Technical Analysis Using Statistical Analysis APPENDICES 16. Appendix A: Real-Time Application: Japanese Yen 17. Appendix B: Real-Time Application: Asian and European Equity Indices 18. Appendix C: Real-Time Application: S&P/Bond Market 19. Appendix D: Formulas 20. Appendix E: Aerodynamic Fund, Ltd., and Aerodynamic Fund L.P.