... go
long a market to a certain degree—especially when prices are near historic
lows. If you want to be a scale trader, you need to lay out a plan and have a
large reserve of trading capital while ... characteristics.
Fear of losing can cause traders to make bad trading decisions, and
doubt can cause the same results. Greed can cause some traders to allow
good profits to...
... on each
trader’s personal characteristics.
Fear of losing can cause traders to make bad trading decisions, and
doubt can cause the same results. Greed can cause some traders to allow
good profits ... ’til Canceled
As a matter of clarification first, when you place an order, it is always auto-
matically assumed to be a day order. That assumption is a universal under-
standing in...
... 3:32 PM Page xi
A
Complete
Guide to
Technical
Trading
Tactics
How to Profit Using Pivot
Points, Candlesticks &
Other Indicators
JOHN L. PERSON
John Wiley & Sons, Inc.
P-00_42 18 4/26/04 ... site at www.wiley.com.
Library of Congress Cataloging-in-Publication Data
Person, John L.
A complete guide to technical trading tactics : how to prof...
... ways to meet a margin call: (1) You may liquidate
the position at a loss or (2) the market may make a reversal, trading back
in your favor and taking you off margin call status.
The open trade ... you
have a chance to eliminate a surprise from an adverse market move. Even
if you are not a fundamental trader, you should, at the very least, be aware
of the main fundamental fac...
... classes on mar-
ket profiling as well as on candlesticks and other technical analysis areas.
Dan Gramza is one of the instructors. If you ever have the opportunity to
take a course on trading taught ... is a three-candle formation that signals a
major top. The first candle normally has a tall white or hollow real body. The
second candle has a small real body (white or blac...
... about various
types of analysis.
Pivot point analysis is a leading indicator rather than a lagging indica-
tor like most of today’s popular technical indicators that are based on past
price action. ... getting to the real meat and potatoes of technical analysis.
This chapter explains and illustrates the importance of various chart
patterns and analysis typically associated with...
... and evaluating a particular trade setup. A great trading system is
not the computer or software program, but the individual who can make cal-
culated decisions based on the data, an analytical ... business and, more important,
profit from it.
112
PIVOT POINT ANALYSIS: A Powerful Weapon
P-06_42 18 2/24/04 2:29 PM Page 112
analysis, candle charting, and technical indicators suc...
... candle chart
analysis trading tools related by the use of mathematical formulas. Let me
emphasize up front what follows is not a comprehensive explanation of all
the indicators available. There are ... os-
cillator indicator called stochastics. Here is another example of a person
whose passion for the field of technical analysis motivated research into
price behavior and resulted in...
... trading tech-
nical chart points. If prices appear to be in a channel and you only want to
buy if the market trades above a resistance point, then you might place a
buy stop above that area to ... opposite
direction.
Figure 8. 17 shows an example of a bearish Elliott wave pattern. Using
trendline analysis to help uncover the waves, you can see how clear the pat-
1 58...
... technical analysis. He said Ed-
wards and Magee’s Technical Analysis of Stock Trends. That also was
one of the first books I had ever read on technical analysis in the early
1 980 s. It is still a classic ... the
Dow at 85 00 at the time and at the top band of resistance, he explained
how the market could “walk the band” and continue higher. The Dow,
in fact, managed to rally ano...