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Description:
Required reading for certification in the Chartered Market
Technician (CMT) program
Over a decade ago, when this groundbreaking guide was first
published, the world of technical analysis had experienced
vast change. Seemingly overnight, technological advances had
utterly transformed the way market analysts performed their
jobs. A growing army of professional technical traders,
armed with global plug-and-play software, needed to improve
their skills of price projection, timing, and risk
management to weather the increasing market ranges and
volatility.
Technical Analysis for the Trading Professional helped
them achieve it. The word spread that this practical guide
provided radical new uses and combinations of indicators and
formulas'and it became an instant classic.
By comparison, today's markets make those of 1999 look
simple'so Technical
Analysis for the Trading Professional has
been expanded to reflect the author's experiences over the
past decade to bring you fully up to date. It provides
comprehensive coverage of new techniques, as well as the
timeless insight and tools that analysts will always need to
maintain a competitive edge in the global financial markets,
including:
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Explanations of why
common oscillators do not travel between 0 and 100 and why
signals develop in different ranges during bull versus
bear market trends
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Expanded guidelines for the use of the Composite Index.
Formulas are fully detailed for this custom oscillator
that warn when the Relative Strength Index is failing to
detect a trend reversal
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A comprehensive foundation of Gann analysis, with an
explanation of how Gann Squares, the Gann Fan, and the
Square of 9 are geometrically related to one another
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Methods for calculating Fibonacci retracements and swing
projections in rapidly expanding or contracting markets
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A more expansive discussion of cycle analyses and their
asymmetrical properties
Each chapter presents the given topic as a separate building
block, moving step-by-step through 150 charts that lead
toward new methods of price triangulation. The result
enables you to pinpoint a market objective'even in the most
extreme and volatile trading environment.
Use Technical
Analysis for the Trading Professional to
establish the trading dominance you need to excel in today's
uncertain markets.
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