Description of Technical Analysis Plain and Simple
If technical analysis is so simple, why isn't everyone doing it?
The simple answer is that most technical terms used in charting confuse rather than enlighten investors. This book enables everyone to use technical analysis; providing a full understanding of the theories, terms, risks and successful application.
Imagine that you only speak Mandarin and you want to read Shakespeare. Somebody has to translate it into your language. This book will present technical analysis to you in your language and in the order that makes sense to you.
Use the first section to get an overall understanding of what technical analysis is all about. Then taking one chapter at a time, see how it applies to what you are already doing. All the concepts presented in the book can be used to supplement your own original analysis.
Technical analysis looks at actual trades where bulls and bears have put their money where their collective mouths are. There is no revision of data, no ambiguity and no mystical diving of the future. All market and stock selection is based on current, not past, price performance, the predictable behaviour of market participants and the dynamics between markets over time.
Technical Analysis: Plain and Simple will enable you to use technical analysis wisely, by fully understanding the theories, terms, risks and successful application.
Use Technical Analysis: Plain and Simple to learn how to enhance your returns, avoid bad trades and think in term of probabilities.
"This book is an excellent primer. As a proponent of the art-versus-science school of technical analysis, his primary focus is on the practical aspects of chart reading and how to translate the intelligence derived from charts into investment decisions. If you have ever wondered what technical analysis is, or how you could start doing it, this is a good place to start."
- John Bollinger, CFA, CMT, President, Bollinger Capital Management
Part 1: A few things you'll need to know before you begin
1. Required background
2. What is technical analysis?
3. What is a chart?
4. Jargon you cannot avoid
Part 2: The core of chart analysis
5. What are supply and demand in the markets?
6. The trend is your friend and so are trendlines
7. See the forest and the trees
8. Chart patterns - when the markets need a rest
9. Chart patterns - when the market is changing its mind
10. Chart patterns - explosions
11. Corrections in perspective
Part 3: Technical analysis in the real world
12. What is there other than price?
13. Fundamental analysis really is technical analysis
14. What makes a stock look good?
15. Risk vs reward - is this stock really worth it?
Part 4: The actual process of investing
17. OK, now do it!
18. How to know if you are wrong
19. Sometimes being wrong is good
20. When to sell
21. A word about your ego
Part 5: Tools and case studies
22. What do you really need to get started?
23. Building your technical toolbox
24. Final advice
25. Case study - the perfect world
26. Case study - the real world
27. How good is your broker's stock?
Part 6: Further on down the road
28. Introduction to candlesticks
29. Cycles
30. Technical terms you may have heard
31. Debunking the TV analyst
Shopping basket
