Technical Analysis for Direct Access Trading: A Guide to Charts, Indicators, and Other Indispensable Market Analysis Tools
Technical Analysis for Direct Access Trading introduces basic charts, screens, and analysis, and covers popular analytic systems including price, volume, and volatility; support and resistance; and relative strength and trends. It also explains how to combine technical and fundamental analysis for taking advantage of the best aspects.
Technical Analysis for Direct Access Trading is organized into eight chapters. The next chapter introduces the uses of technical analysis, with special emphasis on direct access trading and the new environment available for technical analysis as a result of this technology.
Chapter 2 explains where the investor goes given the massive array of choices that financial markets present and where, among these choices, technical analysis can add value to the direct access trader. Note, however, that this analysis is by no means of use only to direct access traders.
In Chapter 3 the issue of what exactly all the ballyhooing about whether technical analysis works or not is taken upwith more detail. In Chapter 4 we get into the first wave of strategies for predicting price movements on equity and other markets. This chapter covers what are called price patterns or price formations.
In Chapter 5 we look at the oldest and one of the most famous theories that compose the technical analysis school of thought. This is the Dow theory. In Chapter 6 we look at two of the most commonly used tools of technical analysis: momentum indicators and moving averages.
In Chapter 7 we discuss another interesting idea that occurred to a practitioner of technical analysis, who formalized it into a minor subset of technical theory. In Chapter 8 we present two interviews with colleagues who were kind enough to share their thoughts on the markets in general and the potential of investing with technical analysis for a small investor.
- Technical Analysis Basics
- Technical versus Fundamental Analysis
- Price Formations and Pattern Completion
- The Dow Theory
- Moving Averages, Momentum, and Market Swings
- Elliott Wave Theory