Candlestick and Pivot Point Trading Triggers phần 1 ppsx

[...]... incorporate longer-term time periods in my analysis Then came options on commodities; and in 19 86 I made a fortune for myself and others in 4 CANDLESTICK AND PIVOT POINT TRADING TRIGGERS the bond market I gradually improved my techniques; and through the understanding of candle charts while using them in conjunction with pivot points, I have developed quite a methodology that shows a high frequency of recurring... expression of “Robbing Peter to pay Paul.” After all, who 8 CANDLESTICK AND PIVOT POINT TRADING TRIGGERS wants to make money in a buy -and- hold long-term position strategy only to give it back day trading, and vice versa I am going to show you a trading method based on combining candle charts, to help identify shifts in momentum, and pivot point analysis I will teach you very succinct rules, which is... Setups and Triggers: Combining Candles and Pivots 213 CHAPTER 9 Risk Management: Setting Stops 257 CHAPTER 10 Projecting Entry and Exit Points: Learn to Scale Out 269 The Sample Analysis: The Proof Is in the Back-Testing 279 Confidence to Pull the Trigger Comes from Within 307 CHAPTER 11 CHAPTER 12 Glossary 317 About the CD-ROM 335 Index 339 Acknowledgments want to thank Pamela van Giessen and Jennifer... behind door number one, and review the risk rewards; then look at the strategy behind door number two, and review the risk and rewards there; and then finally open door number three, and see if that strategy appeals to your analysis of risk and rewards Remember, you can determine, if an opportunity is longer term in nature, to use an option strat- 16 CANDLESTICK AND PIVOT POINT TRADING TRIGGERS egy (such... importance of risk management and of money management As I stated in my first book, the common denomi- 12 CANDLESTICK AND PIVOT POINT TRADING TRIGGERS nator among losing traders was that most guess and hope and usually say, when asked about placing a stop-loss or taking a profit, “I’ll think about it.” Always remember that when trading with a set of rules, you will never be 10 0 percent right But if you... principles and for testing me while trading I wish you all the very most life has to offer! To my son John, you have made your father proud! Then to Mary, my wife of 19 years, your help in fixing all my computer and technical issues was instrumental in helping me finish this project, including completing the Pivot Point Calculator CD I JOHN L PERSON ix Candlestick and Pivot Point Trading Triggers Introduction... so you can learn to make money with the triggers I would suggest that you get that book if you have not already done so, as there are many great tips and suggestions described in those pages 14 CANDLESTICK AND PIVOT POINT TRADING TRIGGERS In this book, I want to teach you what to search for when chart reading I am not going to go into detail on every specific candlestick chart pattern because I generally... won’t it rally? 10 CANDLESTICK AND PIVOT POINT TRADING TRIGGERS Trading without asking questions or without probing leads to trading blindly or without a plan It opens the door for destructive emotional interference Another quote from Jesse Livermore helps confirm this: “There is nothing new on Wall Street or in stock speculation What has happened in the past will happen again and again and again This... hard asset products, including housing and real estate, besides the commodity markets, skyrocketed in value Things changed; global tensions mounted as we 1 2 CANDLESTICK AND PIVOT POINT TRADING TRIGGERS invaded Iraq trying to set a country free Nations’ economies grew as new opportunities emerged in places such as China and India Global economic growth pushed demand for products through the roof, creating... Trading Tactics: How to Profit Using Pivot Points, Candlesticks, & Other Indicators, a great introductory book that touched on several trading concepts, but it was the first work that introduced traders to the concept of integrating candlestick charting with pivot point analysis Some of the principles in that first project will be used here, but this book will cover in greater detail how to apply and . Convergence 11 1 CHAPTER 5 Pivot Points: Determine Key Price Support and Resistance Areas and the Importance of Confluence 12 1 CHAPTER 6 Pivot Point Moving Average System 15 9 CHAPTER 7 Candle Charts and. John L. Candlestick and pivot point trading triggers : setups for stock, forex, and futures markets / John L. Person. p. cm. — (Wiley trading series) Includes index. ISBN -13 978-0-4 71- 98022-3. how to understand and use technical analysis. The strategies described in Candlestick and Pivot Point Trading Triggers are employed by professional traders every trading session and are the lifeblood