The New Technical Trader: Boost Your Profit by Plugging Into the Latest IndicatorsThe New Technical Trader You watch the market challenge your position with every tick. But are your chosen technical indicators helping or hindering your performance? Do they cope responsively with the glut of fast-changing electronic data? Are they consistently generating the signals you need to make profitable, real-time life and death decisions? Do they dovetail into a trading system based on objective decision making and prudent risk control? Are your risk control strategies proactive, letting you manage your trades aggressively? If not, turn to The New Technical Trader for a new generation of robust indicators designed to provide a valuable edge in today’s markets. In this leading-edge guide, top analyst Tushar Chande and supertrader Stanley Kroll show you their latest, most promising methods of price analysis with the classic tactics and strategies of risk control and money management. The result is a personalized, winning trading system that adjusts automatically to market volatility, generates reliable entry and exit signals, shrewdly estimates risk on new and current positions, and promotes superior portfolio selection. Turn to The New Technical Trader to redefine the basic building blocks of a typical trading system: from moving averages, to momentum oscillators; from price patterns to profitability templates. Learn how to transform the components of popular, static technical indicators—relative strength index, momentum, stochastic oscillator, and more—into dynamic price oscillators that are nimbler than their static predecessors. Detailed tutorials and profuse illustrations from real-life commodity, currency, and stock market trading scenarios offer specific rules for testing these oscillators, so you can readily adapt them to your trading style. Discover how to:
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Contents
An Abundance of Indicators | 1 |
New Indicators for Price Analysis | 10 |
Linear Regression Analysis | 19 |
Copyright | |
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Common terms and phrases
10-day simple moving 5-day forecast absCMO absolute CMO absolute momentum Amgen APR MAY JUN C₁ candlestick chart Chande momentum oscillator changes closing prices coefficient of determination daily close declining define deutsche mark difference down-day momentum effective length equation example exponential moving average F-ratio Figure filter futures contract indicators intraday momentum JUN JUL linear regression linear regression analysis losing trades lower shadows market action market thrust market volatility measure of trendiness mentum number of days overbought oversold conditions percent period plot positive price targets profit Qstick regression analysis relative strength index risk control RSI calculations RSI values S₁ scaling shows signal simple moving average slope smoothed rē standard deviation stochastic oscillator stochRSI stocks Swiss franc Table technical analysis thrust oscillator today's close trading day trading range trailing stops trend unsmoothed up-day momentum value of rē variable volatility index winning trade yesterday's close