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Synopsis:
Bronze Medal Winner of the 2010Axiom Business Book Awards
Are you looking for a better, more consistent trading system to boost profits? How about a new indicator to bolster your current technical trading? Are you in need of a no-nonsense, practical, and profitable technical trading guide? Let Sylvain Vervoort hand you his breakthrough methods in this new book designed especially for active traders.
Vervoort's trading book is a complete reference on how to apply technical analysis for profits. It explains Vervoort's own trading style in the language of active traders: You will actually find specific answers to the all-important “where to open” and “when to close” questions. And, to help you start profiting immediately, text is limited to what you really need to know and all techniques are illustrated with an application example.
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Jacket Description:
“I am sure that this book with all the technical analysis techniques, money management, risk management, and high probability entries will be a turning point for your own technical trading.”—Sylvain Vervoort
Vervoort's system, “LOCKIT,” introduces you to a number of special indicators and techniques for a more successful application of technical analysis like:
· a practical Elliott Wave count indicator to help you estimate the direction of price and to create price targets,
· a Heikin-ashi Bollinger Bands %b indicator to show actionable divergences in price,
· Vervoort's brand new, proprietary indicator SVAPO (“Short term Volume and Price Oscillator”) with programming code,
· optimized ATR trailing stop methods to protect gains,
· specific money and risk management rules to keep you profitable,
· and much more.
On top of all this, Vervoort's book comes complete with Metastock code for all of his indicators and technical trading techniques. There is a CD included to get you started right away!
Don't miss out on one of the most important trading books of recent times. This is a must for any person ready to trade profitably with technical analysis.
"In this well researched and documented book Sylvain Vervoort presents a concise, but highly readable, methodology. His strength is his ability to examine a large number of technical analysis tools, explain them understandably but briefly, and then select from them the strongest features of each. These he then combines and relates to one another, using his own proprietary calculations, emerging with a complete and concise trading method. Marrying this to strong computer tools, he gives us a comprehensive way of buying and selling, and also managing our money. This is a worthwhile addition to the realm of Technical Analysis."
Richard W. Arms, Jr.
Publisher of Arms Advisory;
Inventor of the Arms Index and Equivolume Charting
"Sylvain Vervoots new book describes a technical trading method he calls "LOCKIT," which is an acronym for the principle components of any good investment or trading system: selection, timing, capital risk control, and money management. The great value I found in the book is the extraordinarily clear descriptions of the technical indicators, charts, and oscillators he uses, both traditional and esoteric. For this reason alone, his book is a valuable technical-analysis guide and reference."
Charles D. Kirkpatrick II
co-author of Technical Analysis: The Complete Resource for Financial Market Technicians
and Adjunct Professor in Finance at Brandeis University
About the Author:
Sylvain Vervoort started his professional career with a degree in electronics and has been studying and using technical analysis since 1978 with the birth of the European Option Exchange (EOE) in Amsterdam. After training to become an investment and credit advisor, he has since conducted many courses and presentations about technical analysis. His first book (Dutch-language only) on technical analysis was published in 2000. Since his retirement, he has been publishing articles in Stocks & Commodities magazine, trading short-term on stocks, E-mini futures, and Forex, and maintaining his website (http://stocata.org/) about trading based on the application of technical analysis.
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Table of Contents:
CONTENTS
Foreword V
Introduction VII
Part I : LOCKIT Technical Analysis Tools 1
LOCKIT 3
Chapter 1 : Technical Analysis Basics 5
Chapter 2 : Indicators 43
Chapter 3 : Candlestick Charts 65
Chapter 4 : Elliott Waves 93
Part II : The SVAPO Oscillator and LOCKIT 137
Chapter 5 : SVAPO and ATR Trailing Stop 139
Part III : LOCKIT Price Projections 175
Chapter 6 : Price Projection Techniques 177
Part IV : LOCKIT Strategy and Results 199
Chapter 7 : LOCKIT Application and Rules 201
Chapter 8 : LOCKIT Application Results 245
Chapter 9 : LOCKIT Complementary Techniques 273
PART V : LOCKIT Money and Risk Management 305
Chapter 10 : Money and Risk Management 307
Conclusion 345
Appendix A : Availability of Formulas in Other Programs 347
Index 359
Works Cited and Disclaimers 373
About the Author 375
FORWARD BY JOHN M. NORQUAY:
The following is my weak attempt to glorify a book that I have fallen in love with.
This decade has been resounding proof that the philosophy of ''buy and hold'' doesn't work and certainly doesn't reduce risk. In the late '90s, advisors were illustrating returns above 12 percent because that is what they experienced from the market in the 10 years prior. Now, after two recessions in one decade where many lost half their portfolios two different times, I believe there is a new awareness about risk in the asset allocation methodology. We are told time and again from investment representatives that return is derived from asset allocation, NOT market timing. I wouldn't want to be the one still selling that!
There is a vast difference between asset allocation and market timing. In between lies an area of opportunity that would shock the average investor who trusts their large firm investment advisor. In this world, investors buy near support levels and sell at resistance levels. They buy when the cycle is low and sell when it is peaking. Each time they buy, they know exactly where it is they would sell if things go wrong. They never lose unacceptable amounts on any single investment position. The result is outperformance of the market with less portfolio volatility. The bottom line is they never experience 50 percent draw downs in their portfolios like their buy and hold counterparts.
The Lockit system that Sylvain has outlined in his book is exactly such a system. You don't need to have years of experience in the market to understand this approach. He leads you step-by-step through the decision process of which stocks to buy and when. More importantly, he helps you determine an opportune time to sell.
The robustness of this system is what I like the most. It will work on any type of stock you want to follow. Some like the blue chip names while others look for more growth potential. Simply follow his methodical approach and you will come out ahead of the crowd.
I have been in the investment business since 1992 and have continually worked to improve my investment performance. I have spent countless hours developing quantitative mechanical investment systems and backtesting them. I have taken nearly every formula Sylvain includes in this book and rewrote it to test with my system. I couldn't be more pleased with the results.
There is no doubt in my mind that good technical analysis will beat the market every time. The struggle is going through the maze of technical analysis tools and determining which ones make sense alongside each other. Sylvain has taken the tools that I have liked the most and turned them into a complete system.
John M. Norquay
--John M. Norquay has been offering investment advice since 1992. He is the owner of a registered investment advisory service in Madison, Wisconsin, where he utilizes both fundamental and technical analysis for his investment decisions. Mr.Norquay is also the founder of eWatch401k.com, a service which helps individuals keep their 401k accounts invested properly with a quantitative mechanical investment system he designed using technical analysis.
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