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The Candlestick Course by Steve Nison and Marketplace Books : the book
This presentation is a basic introduction for anyone new to the fascinating subject of technical analysis.
Technical Analysis - What it is. Why prices are determined by psychology and how technical analysis can help interpret market psychology.
Trends - What is a trend? How long do they last? How do they integrate?
Arithmetic vs. Logarithmic Scaling - Technical analysis requires charts and the choice of scaling them can be very important. This section explains the difference between these techniques and why one is superior over the other.
Volume - Observations on volume interpretation.
Peak and Trough Analysis - Why it’s probably the most important technical tool. How is it applied in the market place and integrated with other indicators.
Support and Resistance - The concepts defined. Rules for determining where potential support and resistance areas might lie are given along with guidelines for determining their potential significance.
Trendlines - A to Z introductory primmer on trendlines, how to draw and interpret them.
Price Patterns - Basic principles of price pattern interpretation using rectangles and head and shoulders patterns as examples. Determining the significance of individual patterns and identifying when they have failed is also covered.
Lesson 2 - Introduction to Classic Price Patterns
This session introduces you to the most common price patterns. Building on the knowledge leaned from the previous DVD, you will be in a better position to understand how patterns are formed and the psychology behind them. If you can rationalize why a pattern is being formed, you will be in a better position to anticipate when a breakout might turn out to be a whipsaw, and how you can protect against this. This session also explains how price objectives are determined from patterns. A large number of market place examples in all time frames is generously dispersed throughout the presentation. The individual formations covered are:
Rectangles
Head and shoulders tops and bottoms
Triangles
Double tops and bottoms and triple formations, including “Chinese” and “Lucky Seven” double bottoms.
Broadening formations, broadening wedges and giant wedges
Cup and Handle formations
Lesson 3 - One- and Two-bar Price Patterns
Prices in any freely traded market are determined by psychology. One- and two-bar price patterns represent classic examples of how these emotional characteristics are reflected in the charts.
The great advantage of these extremely reliable patterns is that they signal reversals in trend at a very early stage, both on the intraday and daily charts..
The presentation also explains that not all patterns are created equal. Pring gives you a checklist for determining the significance of each type.
Patterns covered include the “Big Seven”,
Outside bars
Inside bars
Two-bar reversals
Exhaustion bars
Key-bar reversals
Pinocchio bars
Three-bar reversals
Lesson 4 - Introduction to Basic Momentum Principles
Market momentum provides a powerful dynamic to any trading arsenal. In this presentation Martin Pring explains that momentum is a generic term embracing a host of oscillators. Each is subject to the same rules of interpretation in some form or another. Key techniques are explained in detail.
They are —
Overbought / oversold
Divergences
Oscillator characteristics in bull and bear markets
Trendlines applied to momentum
Price patterns applied to momentum
Moving averages applied to momentum
Individual oscillators that are explained include the rate-of-change, RSI, and MACD. Practical application of these indicators is demonstrated with a host of market place examples.
Lesson 5 - Introducing the KST
The KST is a momentum indicator invented by Martin Pring. It is a summed rate of change that combines several time spans into one indicator. It is designed so that the oscillations correctly reflect the up and down waves of the trend being monitored. However, the inclusion of short-term time frames in the indicator’s construction allow it to turn more quickly than many other indicators, thereby warning of a trend reversal on a more timely basis. Topics covered include:
The Rationale
The Long-term KST (primary trend)
The Short (daily) and Intermediate (weekly) KSTs
Integrating the Three Trends
The Intraday KST
Using the KST with Relative Strength
Oh, and you’ll also find out what KST stands for and find the various formulas, including those for MetaStock users in the downloadable .PDF file included on the presentation.
Lesson 6 - Applying Technical Analysis to the Theory of Contrary Opinion
In recent years, the theory of Contrary Opinion has become very popular, but also misunderstood. In this presentation Martin explains why this is so, and how this art can be profitably applied to the marketplace. He takes you through a step-by-step process of how to form a contrary opinion. He also demonstrates why it is difficult to take a contrary position and how to overcome this hurdle.
Going against the crowd is usually the correct thing to do, but it can be frustratingly (and unprofitably) early, as many bears found out to their chagrin in 1927 and 1928. Since charts reflect crowd psychology, technicians are in a unique position to utilize the art of contrary thinking and create razor sharp timing. A key part of this presentation explains techniques for integrating the two. This presentation wraps up by describing, and debasing, seven popularly held market myths.
Lesson 7 - Practical Trading Tactics Applied to the Marketplace
Lots of time is spent on learning the principles of technical analysis, but precious little is devoted it its practical application in the marketplace. In this presentation Martin shows you numerous techniques that you can apply for more profitable trading.
He sets out by explaining, with the aid of examples, why the first objective of any trader should be to avoid major losses, rather than trying to make major gains.
One technique for achieving this goal is the correct placement of stops below support and above resistance. Rules for assessing potential support/resistance zones are discussed using the following technical tools -
Gaps
Emotional Points
Trendlines
Moving Averages
Retracement moves
Previous highs and lows
The Market Taker's Edge: Insider Strategies from the Options Trading Floor by Dan Passarelli : the book
A Trading-Floor Veteran Shares his Secrets
"What I like about Dan's book is that it's obvious he isn't just telling you how to trade, he's telling you how he trades. There's always a big difference between those who teach trading from an academic standpoint and those who have traded and have the ability to walk investors step by step through the trade. For my money, I always seek advice and counsel from those that walk the walk and Dan Passarelli has walked the walk."
Jon Najarian, cofounder Trademonster.com
On Dan Passarelli’s first day as a clerk on the exchange floor, he spent the morning observing, practicing his hand signals, and running errands. Around midday, the veteran clerk he worked with said to him, “You’re up. I’m going to lunch.” Dan survived his trial by fire and went on to spend many years on the trading fl oor. He credits his success as a trader and educator to the hands-on experience he gained throughout his career.
With The Market Taker’s Edge, Passarelli shares the knowledge and insights other floor traders keep tight to their chests—the knowledge you need to beat the market on a regular basis.
This market maker turned market taker delivers a focused commentary on key concepts for operating in the options exchange like a pro. He offers a candid look at the ups and downs of his trading career and conveys the lessons he learned along the way in an informative and often entertaining way. After spending time on the floor in his shoes, you’ll understand:
• How professional traders attempt to make money—and why it’s different from the way you make money
• Why market makers are not the enemy
• How both market takers and market makers can profit while taking opposite sides of the same trade
• How to focus on what is important in a trade and avoid the noise
Dan Passarelli has already taught thousands of people how to make a living as traders, and now with The Market Taker’s Edge, he can help you do it, too.Unlocking Wealth: Secret to Market Timing by John Crane : the book
Clifford Rossi, "Fundamentals of Risk Management" : the book
Standard & Poor''s 500 Guide, 2011 Edition by Standard & Poor's : the book
The Standard & Poor's 500 Index is the most watched index in America--if not the world.
Whether you're an individual investor purchasing stocks, an executive researching corporate competitors, or a job seeker looking for concise and up-to-the-minute overviews of potential employers, you'll find the critical, often hard-to-find information you need in Standard & Poor's 500 Guide, 2011 Edition. Easy to use and packed with market intelligence on all 500 companies listed in the S&P 500 Index, this authoritative reference includes:
Information on the bluest of blue chip stocks, from Abbott Labs and GE to Microsoft and Yahoo!
Summaries of each company's business activity, sales history, and recent developments
Earnings and dividends data, with four-year price charts
Exclusive Standard & Poor’s Quality Rankings (from A+ to D)
New introduction by David M. Blitzer, Ph.D., Managing Director and Chairman of the Index Committee, Standard & Poor's
In addition, you get unique at-a-glance details about:
Stocks with A+ Quality Rankings
Companies with five consecutive years of earnings increases--a key indicator of strong long-term performance
Per share data, income statement analyses, and balance sheet overviews of each company covered
Put the comprehensive, updated...
The Stock Investor's Pocket Calculator: A Quick Guide to All the Formulas and Ratios You Need to Invest Like a Pro by Michael C. Thomsett : the book
Trend Commandments: Trading for Exceptional Returns by Michael W. Covel : the book
Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and "Cutting Edge" Psychology by Gary Dayton : the book
Gregory Zuckerman - The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History : the book
In the summer of 2007, the markets began to implode, bringing Paulson early profits, but also sparking efforts to rescue real estate and derail him. By year's end, though, John Paulson had pulled off the greatest trade in financial history, earning more than $15 billion for his firm--a figure that dwarfed George Soros's billion-dollar currency trade in 1992. Paulson made billions more in 2008 by transforming his gutsy move. Some of the underdog investors who attempted the daring trade also reaped fortunes. But others who got the timing wrong met devastating failure, discovering that being early and right wasn't nearly enough.
Written by the prizewinning reporter who broke the story in The Wall Street Journal, The Greatest Trade Ever is a superbly written, fast-paced, behind-the-scenes narrative of how a contrarian foresaw an escalating financial crisis--that outwitted Chuck Prince, Stanley O'Neal, Richard Fuld, and Wall Street's titans--to make financial history.