Getting Started in Technical Analysis

In Getting Started in Technical Analysis, Jack Schwager-perhaps the most recognized and respected name in the field-demystifies technical analysis for beginning investors, clearly explaining such basics as trends, trading ranges, chart patterns, stops, entry, and exit and pyramiding approaches. The book’s numerous examples and clear, simple explanations provide a solid framework for using technical analysis to make better, more informed investment decisions and as the basis for mechanical trading systems.

Author’s Note:

Trading success cannot be capsulized in a simple indicator, formula, or system-the pronouncements of countless books, advertisements, and brochures notwithstanding. This book is written by a trader, from a trader’s perspective, rather than being yet another compendium of analytical techniques, indicators, or systems, using idealized illustrations.

In explaining various analytical techniques and methods, I have tried to keep in the forefront key questions that are often ignored by writers of books on technical analysis: How can the methods described be applied in actual trading? What works and doesn’t work in the real world? What are the implications of a method’s failure? How can trading systems be designed and tested to maximize their future performance rather than their past performance?

This is a practical book. I have used many of the methods described in this volume to construct a very profitable trading approach-yes, with real money. Why then am I willing to share this information? Because, to use a building metaphor, I am supplying the tools, but not the architectural design-that is left to the individual reader. I believe that readers who are serious about using technical analysis to become more successful traders and who understand that this goal requires individual work will find much here that is useful.

Contents:

• Charts: Forecasting Tool or Folklore?
• Types of Charts
• Trends
• Trading Ranges and Support and Resistance
• Chart Patterns
• Oscillators
• Is Chart Analysis Still Valid?
• PART TWO: TRADING ISSUES
• Midtrend Entry and Pyramiding
• Choosing Stop-Loss Points
• Setting Objectives and Other Position Exit Criteria
• The Most Important Rule in Chart Analysis
• Real-World Chart Analysis
• Charting and Analysis Software
• Technical Trading Systems: Structure and Design
• Testing and Optimizing Trading Systems
• The Planned Trading Approach
• Eighty-Two Trading Rules and Market Observations
• Market Wiz(ar)dom

Getting Started in Technical Analysis By Jack D. Schwager pdf