Integrated Technical Analysis

Jacket Description

Integrated Technical Analysis Technical Analysis is usually learned as a series of unconnected and often conflicting techniques. In this groundbreaking book, Ian Copsey demonstrates how a combination of Elliott Wave, cycles and momentum analysis can be integrated to provide a set of signals leading to more powerful forecasts. Both private and professional investors can have difficulty in selecting and synthesizing various technical tools. Integrated Technical Analysis shows how different ideas can be integrated on multiple time frames to enhance the overall process and provide a more solid forecasting platform. The author’s ideas have been developed over many years. Ian Copsey’s knowledge of the markets and his trading experience ensures that the book abounds with practical trading examples, numerous charts and a down-to-earth view of market activity. A must read for anyone looking to broaden their conceptual knowledge of the subject and to fine-tune their analysis of the market.

"There is a real lack of easily accessible and practical books on using Elliott Wave Theory in combination with basic technical analysis. The essential concept of the book is a valuable contribution to the subject. It also fills a void, in that it deals at length with practical aspects."

— Colin Nicholson President Australian Technical Analysts Association

Synopsis

It is easy to pick up books on just about any technique used in technical analysis but the vast majority leave the reader to work out how to use the technique in a practical sense. From his initial foray into the little understood world of technical analysis, Ian Copsey found the process of discovering that isolated techniques as painful as any other analyst. Moving from one idea to another, then another, he discovered that none actually provided a complete picture. After reading about Elliott Wave and discarding it following disastrous forecasts, he once again picked up the book and suddenly found his first five-wave count that provided the basis for an accurate trend reversal.

However, discovering that Elliott Wave can be a dangerous tool without any safeguards and checks he started on a process of complementing the skill with other techniques. Elliott Wave offered structure and frequent accurate projections and retracements but failed in other areas. By looking to assess different factors within analysis, he looked to discover elements of time and momentum in attempt to control the excesses of Elliott Wave.

In his book, Ian Copsey takes the reader through carefully considered steps of awareness, drawing users into the importance of understanding even the basic skill of drawing trend lines. Having visited many traders he found that often charts were covered in lines, most of which were not even defining a trend.

The section on manipulation of momentum indicators, while not exhaustive, is intended to help readers in understanding the limitations of the standard formulae and raises the awareness and understanding of how these may be enhanced and controlled by simple manipulation.

Following these basic concepts, he covers the area of Elliott Wave in simple, easy-to-understand steps with a range of examples that help users grasp the methodology of how wave counts look in real life. The technique is notoriously complex but the method of conveying the subject is refreshing and the additional section on pitfalls and tips provides a down-to-earth description of applying Elliott Wave in a practical and enlightening manner.

Time Cycle analysis is little covered by books and is a little understood technique. Once again the author presents the topic in a logical manner, using building blocks to help the reader absorb the various vagaries of the technique.

The final section in the book on integrating all the different methodologies described is unique and comprises 25% of the book. It is full of excellent charts and descriptions taking the reader through the various stages of analysis to achieve a forecast or view from different time frames and synthesizing the methodologies.

Reviews:

“Well written with very clear concepts.”

“The best thing about this book is that in a matter of one week, I can converse intelligently with stock brokers, and I actually understand what is being said in the radio stock shows making the experience more enjoyable. The book is put together logically (much appreciated) and the integrated analysis techniques at the end of the book are GOLD! I must have counted about 100 practical market charts of indexes, currencies and others. All around, an excellent book for the SERIOUS BEGINNER, but not the end all, just the beginning. This book is AWESOME!”

“Clear explanations with good examples shows not only Copsey's depth of understanding of the subject, but more importantly for the reader the application of "theory" in the real world. It is this "real world" application which leads to the approach of integrated analysis. Elliott Wave analysis is notoriously difficult to apply correctly, consistently and leads many to give up in frustration, however Copsey's approach to use different analytical tools to complement Wave Theory should help would-be Wave enthusiasts.”

Table of Contents

 Chapter 1:         Chart Construction and Basic Price Behaviour

Chapter 2:         Moving Averages

Chapter 3:         Momentum Indicators

Chapter 4:         Manipulating Pre-Programmed Indicators

Chapter 5:         The Elliott Wave Principal

Chapter 6:         Elliott Wave Pitfalls and Tips

Chapter 7:         Cycle Analysis

Chapter 8:         Cycles Hints and Tips

Chapter 9:         Integrating Technical Analysis