Download Essential Technical Analysis: Tools and Techniques to Spot by Leigh Stevens PDF

By Leigh Stevens

An advent to Technical research from one of many most sensible Names within the Business

"Essential Technical research is a hugely valued source for technical investors. the significance of entire and well-researched industry behaviors, symptoms, and platforms have been good expressed graphically with many examples. No technical analyst will be with no this booklet. Stevens's booklet may turn into one other classic."
-Suri Duddella, President of siXer.cOm, inc. (Forbes magazine's "Best of the internet" in Technical research Category)

"Essential Technical research will provide the recent pupil of technical research a great assessment of either classical chart styles and a myriad of technical symptoms, yet so will many different texts. What units this quantity aside is that it offers the topic within the context of real-world buying and selling events, no longer idealized well-chosen examples. Books on technical research, in particular these geared toward newcomers, tend to be jam-packed with charts during which the chosen styles are either unambiguous and paintings completely. As Leigh Stevens acknowledges and confronts, notwithstanding, the genuine global is a much more sloppy position: charts may well usually include conflicting signs, and styles do not regularly paintings as defined. analyzing crucial Technical research is like sitting beside a veteran technical analyst and having him describe his tools and industry experiences."
-Jack Schwager, writer of industry Wizards, inventory marketplace Wizards, and Schwager on Futures

"Leigh Stevens's intensity of expertise, received over decades, has generated a deep figuring out of, and dedication to, the self-discipline of technical research. he's additionally a type of infrequent people who have either the power to exhibit the essence of his rules in a perfectly basic and simple approach and during using own anecdotes and stories. There are usually not many of us round who can either stroll the stroll and speak the talk."
-Tony Plummer, writer of Forecasting monetary Markets, Director of Rhombus learn Ltd., and previous Director of Hambros financial institution Ltd. and Hambros funding administration PLC

"Leigh Stevens brings his huge years of expertise to this undertaking. He has crafted a real-world e-book on technical research that offers you the advantage of his trials and mistakes in addition to one hundred twenty years of observations and industry knowledge from Charles Dow to the most recent symptoms and ways. traders who suffered from the bursting of the expertise bubble in 1999 and 2000 should still learn crucial Technical research from conceal to hide and learn how to follow the teachings to the subsequent industry cycle."
-Bruce M. Kamich, CMT, previous President of the marketplace Technicians organization and Adjunct Professor of Finance at Rutgers college and Baruch collage

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Additional info for Essential Technical Analysis: Tools and Techniques to Spot Market Trends

Sample text

THE 1970S—MY FIRST BUBBLE AND PIGS IN A POKE 13 ous events and experiences I had taught me that there was something beyond the obvious. THE 1970S—MY FIRST BUBBLE AND PIGS IN A POKE In the 1970s there was a speculative bubble in the commodities markets, especially in the gold and silver markets. You may be of an age to remember people melting down their heirloom silverware to sell it when prices went from $3 to $30 an ounce and higher. There is no precise definition for a bubble, but generally it’s a rise so steep in the market that it’s a very rare event.

I invested the time and took the losses to get to this point. Not to say that you don’t need to have your own experiences in using technical analysis—experience is the best teacher. But this book will also guide you in certain directions, and I don’t see all techniques and tools as having equal value. It’s my expectation from this book alone that you can learn to spot emerging new trends developing and also see that a trend is ending. However, it’s also my hope that this book will also stimulate your interest enough for you to continue to perhaps read other books in this field.

Here are seven trading rules related to how you manage your trading strategy, capital, and risk. 1. Right entry—Buy early in a trend when a stock or index has initial technical signals suggesting a trend is beginning, and don’t wait. Or buy or sell short after a setback (reaction) to the trend that is underway, for example, when a stock comes back to natural technical ATTITUDE TOWARD THE MARKET AND RISK CONTROL 27 support or resistance points. Waiting and patience are the greatest virtues in the market.

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