New Market Timing Techniques: Innovative Studies in Market Rhythm and Price Exhaustion
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| Author(s) | |
|---|---|
| Pages |
363 |
| Format |
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| Published Date |
1997 |
Author’s Introduction:
Profitable trading is a combination of three distinct and unrelated factors, the least important of which is a good market timing indicator or system. Two more critical elements are money management skills and selfdiscipline. WIth the exception of one chapter in this book devoted to general money management principles, the discussion of these two topics will be incidental to this book’s primary focus, which is market timing techniques. My goal in writing New Market Timing Techniques is to provide an introduction to a series of new and exciting market timing approaches, as well as fresh and original perspectives for a trader to view and operate within the markets.
In the process, I hope to dispel any misconceptions or misperceptions regarding many widely used market timing methods. In conclusion, I strongly suggest that before you implement any of the indicators presented in this book, you conduct an inventory of your money management methodology, as well as develop a thorough psychological trading profile of yourself. To ignore either would be akin to a carpenter building a house with tools but no plans. Certainly, an accomplished journeyman will be able to construct a respectable structure by using only equipment; however, by following a set of architectural plans and drawings, the task is simplified inunensely and the potential for success is enhanced considerably as well.
Once again, I emphasize the fact that successful trading requires a similar combination of activities and abilities: a strict adherence to a trading philosophy and methodology, an appreciation of sound money management principles, an awareness of your trading emotions, and a recognition of your trading limitations. Note that throughout New Market Timing Techniques, unless stated otherwise, for purposes of discussion and illustration, I will generally refer to daily charts and data, when in fact any other time period can be easily substituted as well. My reasons for selecting daily information are threefold:
- It is the most readily available data and has been the most widely followed time period for decades.
- It not only relieves the trader of the necessity of constantly following the market on an intra day basis, but it also reduces the risk of price revisions from the various exchanges, such as those that historically have plagued intraday databases.
- It increases the chance that when market indications are generated based on this information, the trader can be confident the trades will in actuality be executed.
Contents:
- Oscillators
- TD Sequential
- TD Combo
- TD lines
- TD Retracements
- Price Breakouts
- TD Moving Averages
- Market Timing and Market Systems Development
- TD Triangulation and TD Propulsion
- Additional Indicators and Ideas for System Development
- Methods to Calculate Price Objectives
- Market Myths and Misconceptions
- Money Management
New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion By Thomas R. DeMark PDF
8 reviews for New Market Timing Techniques: Innovative Studies in Market Rhythm and Price Exhaustion
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Yamileth Rodriguez (verified owner) –
Here Demark reveals even more of his fascinating trading tactics, techniques, and tools. His ideas are totally original and backed by proven research. If you trade without these tricks of the trade, you are not playing with a full deck.
Molly Crosby (verified owner) –
The stock market is a perilous journey at best. Anything that can reduce the risk and make the trip more enjoyable is most desirable. Tom DeMark’s book does this. Here is a cornucopia of new ideas, new dimensions, and concepts that challenge the most discerning minds. This is a technical waker-upper.
Macie Deleon (verified owner) –
After reading The New Science of Technical Analysis, I didn’t think Tom DeMark could have very much more to say. I was wrong! New Market Timing Techniques not only refines the concepts of his earlier book, but adds subtleties and breaks new ground. Tom DeMark is not just at the cutting edge of technical analysis, he is the cutting edge.
Nasir Whitehead (verified owner) –
Unlike other technical analysis books, DeMark’s two volumes on his exclusive indicators give you ready-to-implement formulas, and he discusses the logic behind those ideas. Whereas other authors discuss head-and-shoulders ad nauseum, DeMark gives you new ideas. You can implement his indicators (most of which don’t work all the time, unsurprisingly), and can then think of ways to improve them. Of course, in the end, you have to keep in mind that the market is more or less a legalized casino, where only a lucky few can come out ahead in the long run. Luck is probably the most important trading system you’ll need.
Reginald Payne (verified owner) –
Not recommended for learning how to trade. it is a book that explains how each indicator works. Does not provide any strategy etc. I like DeMark but I wish I would have not bought it, did not help me at all. Buy J. Pearl book much more into how it works.
Sylvie Reyna (verified owner) –
Excellent book for learning new timing techniques for the Forex market
Brodie Beck (verified owner) –
I’m sure there are some good ideas in this book, but it is written so badly that it is very frustrating to read. Tom DeMark may be a very clever man, but he really needed to write this in co-operation with a proper writer, someone who could take his ideas and turn them into readable prose.
I normally hate it when authors of TA books invent terms seemingly for the hell of it, but in the case of this book I wish DeMark had done it more often. For instance, I lost count of the number of times he repeated the definition of what a setup day was (sometimes more than once on a page) – given the definition he uses is very wordy, I was crying out for him to just define the term Setup Day (or more likely TD Setup Day) and use that from then on. And this isn’t the only case either. You could easily lose a third of the text of this book and not make it any less clear – in fact, it would probably be a lot more clear and easy to understand.
Tristen McCormick (verified owner) –
I’m surprised by the number of reviewers who focused on writing style, clarity and such like.
The material presented in all of Tom DeMarks works is fascinating, detailed and insightful and well repays the efforts expended to learn it.
if you want a plug and play holy grail trading system then this isn’t for you. If you are willing to work for your money then this will pay dividends indeed.