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Time your trades more accurately and reliably! The secret is to combine western technical analysis with eastern candlestick methods. In Profiting from Technical Analysis and Candlestick Indicators, top trader and best-selling author Michael C. Thomsett shows you how. Using more than 100 easy-to-understand visuals, Thomsett explains why candlesticks complement traditional resistance/support-based analyses rather than contradicting or competing with them. One step at a time, you'll learn how to use them together to identify crucial reversal and confirmation signals more rapidly and reliably. You'll learn how to use each system to gain cross-confirmation and strengthen the reliability of your predictions; uncover reversal signals in both systems; forecast pricing; recognize signal failures and false leads; profit from swing trading; and reduce risk. Profiting from Technical Analysis and Candlestick Indicators will be valuable to wide audiences of professional and institutional investors, experienced individuals or institutional portfolio managers, and all experienced traders who use technical analysis for guidance.
Introduction The Self-Fulfilling Prophecy
Chapter 1 Charting Techniques—Predicting the Future
Chapter 2 Traditional Analysis—The Power of Pattern Recognition
Chapter 3 Candlestick Patterns—Recognizing Evolving Strength or Weakness
Chapter 4 Reversal Signals—Spotting the Turning Point
Chapter 5 Continuation Signals—The Mid-Trend Signs
Chapter 6 Combining West and East—Candlesticks and the Technical Signs
Chapter 7 Confirmation—An Essential Second Part of a Signal
Chapter 8 Support and Resistance—Key Price Points in the Trend
Chapter 9 Moving Averages—Finding Statistical Correlation
Chapter 10 Volume Indicators—Confirmation of Price
Chapter 11 Momentum Indicators—The Exhaustion Point
Chapter 12 Signals Failures and False Indicators—The Misguiding Signal
Chapter 13 Beyond the Signal—Candlestick Pattern Moves
Chapter 14 Risk Reduction Methods—Using Charting Techniques to Manage Risk
Appendix A Hypothesis Summary
Appendix B Hypothesis Testing
Endnotes
