Candlestick and pivot point trading triggers setups for stock forex and futures markets 2007 phần 1 pot

[...]... knack for the financial markets and learned to trade the 30-year bonds I also discovered how to use pivot points and how to 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... markets such as the Dow, Standard & Poor’s (S&P), Russell 2000, and Nasdaq 10 0 contracts Some futures brokerage firms even have access for spot foreign currency trading on their trading platforms I have been in the futures and trading business since 19 78 I trade my own money, I have been a broker, managed a brokerage firm, owned a trading firm, but, most of all, I enjoy trading my own money In fact,... CONTENTS 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. .. charts and rely on price rather than on indicators You will learn what triggers momentum and what to look for in order to spot when a market changes direction Another important element of this book is that it will help you learn techniques to cut your losses quickly and to stay with the winning trend, to ride a winning tide CHAPTER 1 Trading Vehicles, Stock, ETFs, Futures, and Forex elcome to Trading Triggers. .. 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... that being in cash or standing on the sidelines is a trade, too Trading Vehicles, Stock, ETFs, Futures, and Forex 15 Once you grasp the understanding that it is the close that shows you what the current market value is, then you should have a clue as what your next trading decision should be If you learn to act on the close for your trading decisions and on triggers, that information will help stack... completing the Pivot Point Calculator CD I JOHN L PERSON ix Candlestick and Pivot Point Trading Triggers Introduction o all the individual traders reaching out to learn how to invest and trade wisely and to all those who are looking for new ideas and who have been around looking to learn a more positive approach, I say that after reading this material, you will find a great approach to trading and will learn... which you are comfortable, stick to the trading rules (such as waiting for the triggers, rather than anticipating and acting prematurely), find and investment strategy (such as day, swing, or position trading) , and then get confident that you are applying the right strategy with the right product (whether it is stocks, futures, options, foreign currencies, or forex markets) You have the potential to become... for you 18 CANDLESTICK AND PIVOT POINT TRADING TRIGGERS It’s not the other way around Keep in mind that a brokerage firm should be considered an employee—it works for you! I have a rating sheet for my subscribers of my advisory service of the pros and cons of several brokerage firms If and when you are looking for a brokerage firm and want to see a ratings consensus, just visit www.nationalfutures.com,... 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 . Candlestick and Pivot Point Trading Triggers Setups for Stock, Forex, and Futures Markets JOHN L. PERSON John Wiley & Sons, Inc. ffirs.qxd 9/25/06 10 :00 AM Page iii ffirs.qxd 9/25/06 10 :00. 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 (cloth) ISBN -10 0-4 71- 98022-6 (cloth) 1. Stocks—charts,. Spot Divergence or 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