A Short Course in Technical Trading. Wiley Trading

  • ID: 2217358
  • Book
  • 336 Pages
  • John Wiley and Sons Ltd
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A one–of–a–kind guide to technical trading

"In trading, timing is everything, and now is the time to read this excellent and easy–to–follow book on technical trading systems by Perry Kaufman. He shares his trading tips, insights, and sound advice. He takes you from his rules on price to the recognition of trends and the importance of breakouts. Enjoy this book and find out why trading systems work and which ones work the best."
–Ralph J. Acampora, CMT
Director of Technical Research, Prudential Securities, Inc.

"Investors and traders who have been battered by the markets in recent years may find themselves saying, ‘There must be a better way.’ There is: systematic trading. In this timely book Perry Kaufman provides an excellent introduction to the world of systematic trading, where rules–not emotions–rule."
–John Bollinger, CFA, CMT
Founder, [external URL]

"This book is a terrific basic text for those who are looking for a clear and concise introduction to technical analysis. Of great value are the personal insights of the author, a noted authority on the development of trading systems."
–David Krell, President and CEO
International Securities Exchange, Inc.

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Preface vii

Acknowledgments ix

1. Timing Is Everything 1

2. Charting the Trend 18

3. Breakout Trends 36

4. Calculating the Trend 51

5. The Trading Game 78

6. Channels and Bands 91

7. Event–Driven Trends 107

8. Controlling the Risk of a Trade 118

9. One–Day Chart Patterns and Reversals 130

10. Continuation Patterns 145

11. Top and Bottom Formations 153

12. Retracements, Reversals, Fibonacci Numbers, and Gann 167

13. Volume, Breadth, and Open Interest 180

14. Momentum and MACD 199

15. Overbought/Oversold Indicators and Double Smoothing 213

16. Managing Your Entry and Exit 235

17. Volatility and Portfolio Management 243

18. Dow Theory 262

Review Questions 275

Answers to Chapter Questions 287

Review Answers 307

Index 317

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PERRY J. KAUFMAN is a leading expert in trading systems and the developer of successful investment programs for over thirty years. He is actively involved in the practical analysis needed to support international investment management. Kaufman is the author of Trading Systems and Methods, 3rd Edition (Wiley) as well as eight other books. He has published numerous articles in Technical Analysis of Stocks & Commodities, Futures Industry, and Futures magazine. This book is the result of a graduate course taught at Baruch College in the Spring of 2002. Mr. Kaufman can be reached at pjk@perrykaufman.com.
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