In Marc Rivalland on Swing Trading , Marc Rivalland, author of ‘The Trader’ column in Investors Chronicle, shows how swing charts can be used to perfect market timing. Moreover, Marc reveals his hitherto secret modifications to Gann swing charts which make them even more effective for stock market traders. W. D. Gann said “a study of swings in active stocks will convince a man that he can make far greater profits in swings than in any other way of trading”. With this book, you get Gann and more.
Author’s Introduction:
Many traders already use charts as an integral part of their decision-making, and a good proportion of them will have heard of the particular trading method known as swing trading. Not many, however, know that there is a type of chart, a swing chart, which is tailor-made for swing trading, and even fewer will be actively using these swing charts. One of the main aims of this book is to introduce you to swing charts and to enable you to harness their power.
Some readers may be so convinced that they come to use swing charts as their primary tool. Others will prefer to stick to the charts they have used hitherto. I invite them to use the swing chart in conjunction with their existing techniques, or, at the very least, not to ignore the message conveyed by the swing chart. I use a combination of swing charts and point & figure charts. For those whose swing trading depends more on value judgments than on charts, I offer this middle ground: if you must be led by a value judgment, why not use charts as a filter? Act only on value judgments when the share has a supportive chart; do not act on those value judgments when the share does not have a supportive chart. If your value judgment is correct, the chart is bound to reflect that in time.
The book is structured to cover my two favourite types of chart: the swing chart in Chapters 3 to 5 and the point & figure chart in Chapters 5 to 8. Chapter 9 explains how to use these charts together and Chapter 10 deals with the RSI. Chapter 11 covers LTBHs and Chapter 12 draws all the threads together. The rather grand title of this book may suggest to some that I consider myself a ‘guru’ in this subject. Nothing could be further from the truth. My publisher’s motive in choosing that title was to make it plain that the book is my subjective view of certain aspects of charting technique and interpretation, rather than a distillation of well-worn rules. The book can’t cover everything I know, but I believe it does cover the most important techniques to enable you to make money out of swing trading.
Contents:
- INTRODUCTION
- SWING TRADING IN PRACTICE
- GANN SWING CHARTS
- MODIFIED SWING CHARTS
- SWING CHARTING TACTICS
- POINT & FIGURE CHARTS
- POINT & FIGURE SIGNALS
- POINT & FIGURE TACTICS
- INTEGRATING POINT & FIGURE AND SWING CHARTS
- RSI AND OTHER INDICATORS
- TACTICS FOR LTBHs
- SUMMATION
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