The Master Swing Trader explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops.
Introduction:
This book describes an original trading methodology that relies heavily on classic technical analysis and pattern interpretation. It offers dozens of specific trading strategies and setups that include reward, risk, and stop loss considerations. It presents concrete tips, concepts, and workflows for readers to make informed choices at all stages of short-term trading development.
It looks specifically at brokers, execution styles, and stock characteristics to offer advice on how to match personal lifestyle with trade management. Readers will note a highly original market view throughout the text that offers the journeyman trader extensive support on the road to consistent performance. Enthusiasts at all levels of experience will appreciate this books broad content and trading strategies. But it does assume knowledge of basic market mechanics and technical analysis. Take the time to build a core understanding of the financial world before attempting to absorb this text.
Professional traders and other market insiders will find this book of great value for expanding their skills and improving their bottom line. And market timers will discover that technical analysis still has fresh ideas to offer after several centuries of noble service. What does swing trading really describe in our modern markets? For decades, this expression referred to a futures market strategy that held positions from 1-3 days in order to capitalize on cyclical swings in buying and selling behavior.
This classic concept now describes any execution method that avoids the hyperactivity of day trading. But this generic definition narrows the utility of this powerful art. In reality, swing trading characterizes a time frame-independent strategy that executes single, direct price movement. In this era of massive market liquidity, the swing trader may find excellent opportunities on both 5-minute and weekly charts.
The swing trader should read this book. But so should the day trader. And lets not leave out the position trader or technically-oriented investor. Day traders can discover short-term tactics that don’t rely on scalping or frantic news releases. Mutual fund holders can improve their timing with these classic principles and swing their investments into a higher return. Is it unusual for one trading concept to have such broad applications? Not when that view includes all of the price patterns that markets can draw.
Contents:
- TRADING THE PATTERN CYCLE
- PREPARING FOR THE MARKET DAY
- ANALYZING THE MARKET
- BUILDING A SWING TRADING STRATEGY
- MASTERING THE TOOLS
- UNDERSTANDING TIME
- MASTERING THE SETUP
- DIP TRIP
- COILED SPRING
- FINGER FINDER
- HOLE-IN-THE-WALL
- POWER SPIKE
- BEAR HUG
- 3rd WATCH
- PRECISE TRADE EXECUTION
- THIRTY RULES FOR THE MASTER SING TRADER
The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities By Alan Farley PDF
