Essentials of Technical Analysis for Financial Markets by James Chen

Essentials of Technical Analysis for Financial Markets by James Chen

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Comprehensive, accessible guide to technical analysis and market trading strategies

Essentials of Technical Analysis for Financial Markets is an all-encompassing handbook on navigating the financial markets successfully using technical analysis. Clearly written, easy-to-understand, and straightforward, this guide focuses on the key information needed by traders and investors to take on any financial market effectively.

• Easy-to-use, at-your-fingertips information on using technical analysis to trade all major financial markets
• Explains how to navigate the markets successfully, including the top techniques for entries, exits, and risk management
• Straightforward descriptions of proven technical trading methods and strategies
• Filled with technical analysis insights, charts, and examples

With financial markets in “roller coaster” mode, technical analysis offers a unique advantage for managing risk and finding high-probability trading opportunities. Packed with insightful tips and guidance, Essentials of Technical Analysis for Financial Markets provides proven trading strategies from one of today’s top technical strategists.

Table of Contents

Preface.

Acknowledgments.

1 Introduction to Technical Analysis: Pursuing Profit in the Financial Markets.

What Is Technical Analysis?

Technical versus Fundamental.

Methods.

What to Expect.

Summary.

2 The Story of Technical Analysis: From the Japanese Rice Markets to Dow Theory to Automated Trading.

The Beginning: Japanese Rice Markets.

Dow Theory.

Charting.

Elliott Wave.

1. D. Gann.

Indicators.

Trend Followers.

Market Technicians Association.

Technical Analysis Today.

Summary.

3 The Power of Technical Analysis: Principles of Price Action.

Introduction to Price Action Concepts.

Components of Price Action.

Summary.

4 The Basics of Technical Analysis: Bars, Candlesticks, Lines, and Point and Figure.

Bars and Candlesticks.

Line Charts.

Point-and-Figure Charts.

Summary.

5 The Heart of Technical Analysis: Uptrends and Downtrends.

Introduction to Trend.

Effect of Time Frames on Trend Determination.

Parallel Trend Channels.

Trend Lines.

Summary.

6 The Soul of Technical Analysis: Support and Resistance.

Introduction to Support and Resistance.

Support Becomes Resistance Becomes Support.

Summary.

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7 Primary Drawing Tools: Trend Lines, Trend Channels, and Horizontal Support and Resistance.

Introduction to Drawing Tools.

Static Support and Resistance.

Dynamic Support and Resistance.

Horizontal Support and Resistance Lines.

Trend Lines.

Parallel Trend Channels.

Summary.

8 Chart Patterns: Bar Shapes and Candlestick Formations.

Introduction to Chart Patterns.

Continuation Bar Patterns.

Reversal Bar Patterns.

Gaps.

Candlestick Patterns.

Single-Candle Patterns.

Multiple-Candle Patterns.

Summary.

9 The World of Moving Averages.

Introduction to Moving Averages.

Moving Average Crossovers.

Moving Averages as Support and Resistance.

Summary.

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10 Key Technical Indicators and Oscillators.

Introduction to Indicators and Oscillators.

Key Indicators.

Key Oscillators.

Summary.

11 Fibonacci and Elliott Wave.

Fibonacci Theory and Methods.

Elliott Wave Theory.

Summary.

12 Point-and-Figure Charting.

Introduction to Point and Figure.

Point-and-Figure Patterns.

Point-and-Figure Price Targets.

Summary.

13 Volume.

Introduction to Volume.

On-Balance Volume.

Tick Volume.

Summary.

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14 Technical Trading Strategies: Practical Applications.

Introduction to Technical Trading Strategies.

Moving Average Crossovers.

Breakout Trading.

Trend Trading.

Range Trading.

Price-Oscillator Divergences.

Oscillator Trading.

Fibonacci Trading.

Positive Expectancy.

Summary.

15 Risk Control and Money Management.

Introduction to Risk Control and Money Management.

Stop-Losses.

Reward:Risk Ratio.

Maximum Allowable Loss.

Multiple Fractional Positions.

Diversification.

Summary.

Index.

Author Information

JAMES CHEN, CTA, CMT, is Chief Technical Strategist at FX Solutions, a global leader in foreign exchange trading. An expert on technical analysis and financial market trading, he is also a registered Commodity Trading Advisor (CTA) and a Chartered Market Technician (CMT). Mr. Chen contributes daily and intraday technical analysis to key financial media, is a frequent speaker at trading seminars, and has authored numerous articles on trading strategies and technical analysis in major financial publications. His previous book, Essentials of Foreign Exchange Trading (Wiley), has become an industry-standard guide for currency traders.

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