Charting Commodity Market Price Behavior

Charting Commodity Market Price Behavior is considered the single most important commodity trading book ever written. You are skillfully trained to analyze charts and trade like an experienced professional. You may start as a novice on page 1 but you’ll end up a fully competent expert chartist by the end of the book. There is page after page of practical, logical professional trading tactics. Every forecasting clue every subtle charting technique every little trick of the trade Mr. Belveal discovered in 20 years of real-time trading over 122 trading secrets in all—are packed into this no-nonsense, practical trading guide.

Introduction:

Commodity trading is not nearly as difficult or as dangerous as some of its uninformed critics would have you believe. It is, beyond any possible argument, far less complex and a good deal safer than trading stocks for price appreciation, for example. Additionally, the smaller margins required in commodity speculation offer 8 to 10 times the return on dollars used in commodity markets, as compared to those committed in securities. And most importantly, there is no such thing as an insider in the commodity markets; all traders must make their judgments from essentially the same information reservoir. If an individual elects to not use the data that exists to guide him, that is his decision and his risk.

The reader is urged to study this work in connection with the Speculation volume. There is nothing in this book that is inconsistent with the trading principles detailed in its predecessorp ublication. Quite the contrary, concepts set down in both augment each other constantly. Much if not an of the contents of Commodity Speculation could have been reprinted in this volume-and would have been, were it not for the fear of pressing the reader beyond his limits of endurance with such extensive repetition.

It was ultimately decided to hold this work exclusively to the matters of technical market concern. In doing so, there is no choice except to assume that you have read Commodity Speculation or that you have a good working knowledge of how a market functions. Unless one of these assumptions is correct, much of the material between these covers is going to be either lost on you-or downright confusing.

The reader should be prepared to encounter some repetitions herein. This work has been prepared with the intention of making each chapter as nearly a self-sufficient monograph on its topic as reasonable space linritations permit. As a consequencec,e rtain basic rules or applications will appear in more than one location. By doing so, we hope the usefulness of the volume will be enhanced and that using it will require minimal reliance on the index.

Contents:

• In Defense of Clear Language
• Introduction to Technical Trading
• Using Past Information to Forecast the Future
• Understanding Your Market Competition
• How to Think about the Major Market Indicators
• Understanding Price as a Measurement of Values
• Understanding Trade Volume as a Measurement of Urgency
• Understanding Open-Interest as a Measurement of Conflicting Opinions
• Understanding Trade Mix as a Division of Market Forces
• Understanding the Conflict in Commodity Price Volatility
• Study the Action to Forecast the Reaction
• Sellers Make Great Buyers -and Vice Versa
• Strengths and Weaknesses of Chart Trading
• Pros and Cons of Price Patterns
  Price-only analysis has great weaknesses

Charting Commodity Market Price Behavior By L. Dee Belveal pdf