Ed Ponsi's straightforward guide to understanding technical analysis Technical Analysis and Chart Interpretations delivers simple explanations and easy-to-understand techniques that demystify the technical analysis process. In his usual straightforward style, bestselling author Ed Ponsi guides you through the twists and turns to show you what really matters when it comes to making money. Whether you trade stocks, currencies, or commodities, you'll develop invaluable skills as you master difficult concepts and the tools of the trade. Technical analysis translates to any form of trading, and this book delivers clear, jargon-free guidance toward interpreting the various charts you'll see in the field. Technical analysis can be confusing. Volatility, cycles, Elliot waves, Fibonacci, trends it's easy to get lost, and most of the available literature is incomprehensible to all but the experts. This book is different it's technical analysis for the rest of us. You'll see through the language to understand the underlying concepts, and how to apply them correctly. Learn what true technical analysis entails Discover the tools that simplify accurate analysis Master the tactics and strategies used by the pros Develop a valuable trading skill that transcends markets Simply recognizing the vocabulary isn't nearly enough, and a passing acquaintance with the topic is guaranteed to do more harm than good. When technical analysis methods are used incorrectly, they are ineffective at best, and actively destructive to your bottom line at worst. Technical Analysis and Chart Interpretations cuts through the confusion to give you a firm understanding and the skills to apply it correctly
Introduction: The Journey xi About the Author xv PART I THE FOUNDATION OF TECHNICAL ANALYSIS 1 Chapter 1 Why Technical Analysis? 3 Chapter 2 The Language of Trading 9 Chapter 3 The Cornerstone 15 Chapter 4 The Dow Theory 19 PART II KEY CONCEPTS OF TECHNICAL ANALYSIS 27 Chapter 5 Common Types of Charts 29 Chapter 6 Support and Resistance 39 Chapter 7 Trends and Trend Lines 51 Chapter 8 Volume 61 Chapter 9 Gaps 77 PART III PRICE PATTERNS 93 Chapter 10 Reversal Chart Patterns 95 Chapter 11 Continuation Patterns 117 Chapter 12 Additional Chart Patterns 133 PART IV CANDLESTICK PATTERNS 141 Chapter 13 Candlestick Charting Patterns 143 Chapter 14 Continuation and Indecision Candlestick Patterns 169 PART V FIBONACCI 181 Chapter 15 Fibonacci Trading Techniques 183 PART VI TECHNICAL INDICATORS 199 Chapter 16 Moving Averages 201 Chapter 17 Moving Average Envelopes and Bollinger Bands 215 Chapter 18 Oscillators 223 Chapter 19 Average True Range (ATR) 243 Chapter 20 Complex Indicators 253 PART VII OSCILLATORS 259 Chapter 21 Point and Figure Charting 261 PART VIII ATR, ADX, AND PSAR 285 Chapter 22 Cycles and Tendencies 287 PART IX CYCLES 305 Chapter 23 Sentiment Indicators 307 PART X POINT AND FIGURE CHARTING 321 Chapter 24 Psychological Aspects of Technical Analysis 323 Chapter 25 Understanding Bubbles 333 Chapter 26 Trading versus Reality 339 PART XI ODDS AND ENDS 347 Chapter 27 Unconventional Patterns 349 Chapter 28 Combining Technical and Fundamental Analysis 353 PART XII BEHAVIORAL ASPECTS OF TECHNICAL ANALYSIS 359 Chapter 29 Final Thoughts on Technical Analysis 361 Index 363
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