Book : The Art And Science Of Technical Analysis Market...

-Titulo Original : The Art And Science Of Technical Analysis Market Structure, Price Action, And Trading Strategies

-Fabricante :

Wiley

-Descripcion Original:

A breakthrough trading book that provides powerful insights on profitable technical patterns and strategiesThe Art and Science of Technical Analysis is a groundbreaking work that bridges the gaps between the academic view of markets, technical analysis, and profitable trading. The book explores why randomness prevails in markets most, but not all, of the time and how technical analysis can be used to capture statistically validated patterns in certain types of market conditions. The belief of the book is that buying and selling pressure causes patterns in prices, but that these technical patterns are only effective in the presence of true buying/selling imbalance.The Art and Science of Technical Analysis is supported by extensive statistical analysis of the markets, which will debunk some tools and patterns such as Fibonacci analysis, and endorse other tools and trade setups. In addition, this reliable resource discusses trader psychology and trader learning curves based on the authors extensive experience as a trader and trainer of traders.Offers serious traders a way to think about market problems, understand their own performance, and help find a more productive path forwardIncludes extensive research to validate specific money-making patterns and strategiesWritten by an experienced market practitioner who has trained and worked with many top tradersFilled with in-depth insights and practical advice, The Art and Science of Technical Analysis will give you a realistic sense of how markets behave, when and how technical analysis works, and what it really takes to trade successfully. From the Inside Flap Trading is a tough endeavor. And while its difficult to derive a method that generates superior risk-adjusted profits in todays extremely competitive markets, its even harder to successfully apply such a method in actual trading. The approach found in The Art and Science of Technical Analysis-one which, in many ways, challenges the traditional thinking of technical analysis-can help you achieve this goal. Written in a straightforward and accessible style, this book breaks away from many of the standard trading books that have come before it. The Art and Science of Technical Analysis doesnt detail a rigid system to be strictly followed, nor does it present a group of setups and patterns that can be quickly assembled by a trader. Rather, it provides comprehensive coverage of the issues you need to be aware of in order to capture consistent profits from technically motivated, directional trading. Based on nearly two decades of author Adam Grimess experience as a trader, analyst, and systems developer, this reliable resource contains valuable insights for both individual and institutional traders, and has been designed with both established and aspiring traders in mind. Divided into four informative parts, it skillfully: Explores some of the probability theory supporting the concepts of successful trading, examines a specific approach to chart reading that builds the foundation for a deep intuition about price patterns in markets, and provides an overview of the Wyckoff market cycleOffers an in-depth look at the underlying foundation of price movements through coverage of trends, trading ranges, and the transitions from one to the otherOutlines specific trading patterns and examples of those patterns; advocates a specific way of looking at indicators and other confirming factors; addresses the importance of sizing trades and managing positions; and calls attention to the various risks associated with tradingFocuses on the elements of trader psychology, from cognitive biases to issues of emotional control, and lays out the challenges that developing traders usually faceRounding out this discussion are three information-packed appendices. The first is a trading primer that will be useful for developing traders or managers who dont have a familiarity with the language used by traders. The sec