The Complete Guide to Technical Trading Tactics will help the new individual investor understand the mechanics of the markets. Additionally, it acts as a refresher course for the seasoned veteran trader. Through detailed explanations of Mr. Person's trading experiences and observations, the reader will learn which techniques work and which do not, and why.
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How to Profit Using Pivot Points, Candlesticks, and Other Indicators
Are you looking for time-tested trading techniques that professional stock index and futures traders use? Futures and options markets can be profitable arenas for both novice and experienced traders. But to come out on top, you must have a solid understanding of the markets, the technical tools used to trade them, and yourself.
A thorough trading guide from a professional trader The Complete Guide to Technical Trading Tactics can help the new individual investor understand the mechanics of the markets. Filled with in-depth insights and practical advice, this book details what it takes to trade and shows readers how they can broaden their horizons by investing in the futures and options markets. The Complete Guide to Technical Trading Tactics outlines a variety of proven methodologies—pivot points, candlesticks, and other top indicators—so readers may use those that work best for them as well as make their own trading decisions without a second thought. Author John Person also shares his insights on a variety of trading technologies that will allow readers to gain a competitive edge in the market.
After twenty-five years as a broker, trader, and educator in the futures and options field, John Person has associated with trading legends and manysuccessful traders and witnessed firsthand their strategies for success. Out of these real-time experiences, he shares the valuable insights you will find in A Complete Guide to Technical Trading Tactics. Novice and experienced alike will gain a better understanding of the mechanics of the markets and methodologies that work.
Person demonstrates multiple trading methodologies using pivot point analysis and shows you how you can implement these key calculations with other methods and indicators. To understand this approach, you don’t have to abandon your knowledge of traditional technical analysis techniques. All you have to do is be open to integrating the theories to help you confirm, validate, and identify entry and exit points when trading.
By learning how to better integrate elements of market analysis such as time and price, you’ll be ready to trade with confidence and achieve success. The proven methodologies that are discussed from the technical side include:
Pivot points--a leading price indicator that is based on price points using different time frames
Cycle analysis--which deals with predicting market turning points based on time
Candle chart patterns--which are based on price relationships between the open, high, low, and close including past chart points such as old highs or lows
Fibonacci ratio corrections and extension studies--which are based on past price points
Mental thought processes--the last and maybe the most important aspect of trading, which will help you evaluate your psychological makeup and overcomerough spots to stay focused when trading
If you are to trade successfully, you need to understand that it requires hard work, discipline, and, above all, that you remain focused with the use of methodologies that pinpoint opportunities and help you take control of your emotions. A Complete Guide to Technical Trading Tactics will go a long way toward accomplishing these goals.
Praise for A complete guide to Technical Trading Tactics
"John Person does an excellent job of explaining how to apply technical analysis to the futures markets. Since futures trading is short-term in nature, it demands precision timing tools. A lot of those tools can be found in this new book."
author of Technical Analysis of the Financial Markets and Intermarket Analysis
"Easy to read and easy to follow, A Complete Guide to Technical Trading Tactics is a book traders will love."
Legendary trader and author of Day Trade Futures Online and Long-Term Secrets to Short-Term Trading
"A Complete Guide to Technical Trading Tactics is replete with useful trading tips in a logical format, presented by a seasoned trader with a flair for telling it like it is . . . sure to enrich your pocketbook."
40-year veteran trader and former member of the CME
"There is a Japanese proverb: ‘He whose ranks are united in purpose will be victorious.’ This book skillfully reveals how to join the most important aspects of technical analysis including my favorite (of course) candlesticks. Covers the spectrum from market mechanics to chart analysis, pivot points (John’s specialty), order placement, and much more. Use this book! It will help you along the road to victory in your trading battles."
––Steve Nison, CMT
President, Candlecharts.com and author of Japanese Candlestick Charting Techniques and The Candlestick Course
"Brilliantly provides succinct descriptions and applications of technical trading techniques, gives a solid overview of the derivatives market, shows how to identify and work with a broker, and presents issues that a trader must face to be successful. A must-read for traders at all experience levels."
––Daniel M. Gramza
President, Gramza Capital Management, Inc.
"John Person provides readers the most valuable commodity they can buy on any exchange: the benefit of his vast knowledge and experience related to trading. His analysis and discussion of pivot points is an especially valuable contribution to trading literature."
––Edward D. Dobson
President, Traders Press, Inc.
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Table of Contents:
Chapter 1. Introduction to Futures and Options: Understanding the Mechanics.
Chapter 2. Fundamentals: The Market Driver.
Chapter 3. Technical Analysis: The Art of Charts.
Chapter 4. Candle Charts: Lighting the Path.
Chapter 5. Chart Analysis: Volume, Open Interest, Patterns.
Chapter 6. Pivot Point Analysis: A Powerful Weapon.
Chapter 7. Day-Trading, Swing Trading: Acting on Analysis.
Chapter 8. Technical Indicators: Confirming Evidence.
Chapter 9. Market Sentiment: What Traders are Thinking.
Chapter 10. Order Placement: Executing the Plan.
Chapter 11. The Mental Game: Inside the Trader.
Chapter 12. The Tactical Trader: Tips and Techniques that Work.
Chapter 13. Options: A Primer.
Chapter 14. Closing: Bell: My 'Top 10'.
Glossary and Definitions.
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Trade the futures and options markets with increased precision -- and profit -- using the technical trading tactics author John Person reveals in his new bestseller. Even if you're already familiar with the basics of pivot points, cycle analysis, candle chart patterns, Fibonacci ratio corrections, or other methods and indicators he outlines - you'll find fresh new techniques explained in easy-to-read, easy-to-follow format.
John provides a full arsenal of trading tactics that have proved reliable over time. He's perfected them in his own trading throughout the years, and shared many of his winning concepts with readers of his Bottom Line Financial and Futures newsletter. Now - he puts them all together in this hard-hitting new book that's being called "a valuable contribution to trading literature." With an emphasis on his personal specialty - pivot point indicators based on price points using different time frames - John's new work is even being hailed by the technical trading experts themselves. Futures pro Larry Williams calls it "a book traders will love." And the "Candlestick Course" author Steve Nison praises the book's range, as it "Covers the spectrum from the market mechanics to chart analysis, pivot points, order placement and much more."
Blending traditional technical analysis techniques with cutting-edge tools to help you confirm, validate and identify entry and exit points when trading, this integrated approach from a trading veteran is as complete as the title promises. John opens the book with the following quote from Goethe: "Success is turning knowledge into positive action." Now - this fast-reading primer arms you with the knowledge you need to take positive -- and profitable -- action in the stock index, futures and options markets.
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