In Advanced Swing Trading, John Crane, a veteran trader and cofounder of Traders Network, discusses his work with Action/Reaction trading theory, and illustrates a whole new way of using time, price, and patterns to predict, identify, and trade future market swings.
This book is about time, price, and patterns, and the overall behavior of the market. It is not meant to be a turnkey system. The methods concentrate on helping you understand market behavior that will enable you to see current market action and know, with a high degree of reliability, what will happen next.
My goal is to provide you with the knowledge and confidence so that you can add what you learn in this book to whatever trading approach you are most comfortable using. Since most of the information in this book is designed to anticipate trend exhaustion or trend reversals, it may appear unconventional to some traders familiar with technical analysis. The Reversal day and Action/Reaction techniques described in this book can be applied to either stocks or commodities. In addition, they work equally well on daily or intraday charts. I will introduce you to the Reaction swing and the concept of the Reaction cycle. I strongly encourage you to apply them both.
In the past few years, many investors have evolved into traders. This is a natural and comparatively easy progression that requires no additional abilities or experience. The current environment of easy access to information and the lure of easy riches has made the growth of trading similar to the Gold Rush in the mid-1800s. This pattern was predictable and glorified by the media. In this book, I present an easy and objective way to determine market direction and identify pending market reversals. Though no person is infallible, I believe learning the methods described in this book will give the trader a tremendous edge, as well as reduce the stress of blindly trading without the knowledge of market behavior. The ability to look at the market and have confidence in your trading decision is worth its weight in gold.
Trading offers one of the last great frontiers of opportunity in today’s economy. It is one of the few avenues that offer everyone equal opportunity. There are very few venues where an individual can start with a relatively small bankroll and actually become a millionaire. While I hardly expect all readers of this book to suddenly transform into supertraders, I do believe the information contained in it will open your minds to a new way of looking at the market that will improve your personal trading performance.
- Order from Chaos
- What Is a Reaction Swing?
- “Swing Trading” the Reaction Swing
- The Reaction Cycle
- Reaction Lines
- The Price Is Right
- Reversal Dates and the Gann Fan
- Market Tells
- Time, Price, and Prattern Working Together
- When the Patterns Do Not Match Exactly
- Bullish and Bearish Divergence
- When You Can’t Find the Cycle
- Long-Term Trend versus Short-Term Trend
- When Is the Price Right?
- Knowledge Is Power
- Some Final Words
Advanced Swing Trading: Strategies to Predict, Identify, and Trade Future Market Swings By John Crane pdf