Techniques of a Professional Commodity Chart Analyst Shows Using price charts and other simple technical indicators to time your trades better, spot price trends, estimate the distance a new price thrust will travel, locate logic points for buy and sell stops, and identify potential trend reversal points. Deceptively simple strategy and tactics coaxes price charts to give up their secrets.
Author’s Note:
As some of my associates know, this book was a long time in the writing. The study of commodity price chart analysis is so vast and the possible variations of most techniques are so numerous, that much time was consumed with additional research in the course of the writing. Before including a recommendation of any technique that I had found to be effective in the past, I explored many alternate possibilities. To avoid burdening the reader with lengthy studies of each technical aspect covered, I have tried to keep the text as brief as possible, and have emphasized the techniques that I consider most valuable and the variations that I believe to be most helpful.
Most of the work in this book is original, based on concepts that I developed over the years; the balance covers techniques already known, some of which I have expanded or varied. This book is directed primarily to commodity traders who have already been working with commodity price charts, or who are at least familiar with the well-known elementary techniques. It is also assumed that the reader needs no introduction to the commodity futures markets or to the functions of the various commodity exchanges. The purpose of technical analysis, of course, is to anticipate the future direction of prices. I hope the techniques described in this book will prove helpful to the reader and enable him to benefit financially from a better forecasting ability.
Contents:
- Some Basic Concepts
- The Interpretation of Chart Formations
- Trendline Techniques
- Curved Trend Channels
- Predicting How Far a Move Will Go
- Oscillator Techniques
- Use of Moving Averages in· Trend Trading Methods
- Importance of Long-term Charts
- Summing It Up
Techniques of a Professional Commodity Chart Analyst By Arthur Sklarew PDF
Callan Wells (verified owner) –
If you take only one of the many techniques explained in this book, you will profit. For example “Net Change Oscillators”:
Simple averages are the sum of a number of values divided by the number. As we move along the time line, the oldest value is dropped off and the latest value is added on. The change in the average is the difference between the latest and the oldest (i.e. the net change) divided by the number. The change in the average is called the velocity of price change; therefore, the net change is a measure of that velocity.
When the net change is plotted along a time line, it oscillates across a zero line. This is called the net-change oscillator (NCO). Now let me describe a phenomenon that has given correct signals nine times out of ten in the course of many years of trading commodities, bank bills, indexes, and currencies.
The method is dead-simple: in an uptrend, you draw a guideline across the bottom tips of NCO, in a downtrend the guideline is drawn across the top tips. When the NCO penetrates the guideline, a trend change is imminent[…]
This book is highly recommended.
Johnathan Figueroa (verified owner) –
Good book. a bit heavy in places ,lots of info’, learnt a lot
Rhys Tanner (verified owner) –
Best Book of Technical Trading yet and it 35 plus years old … thanks Michael Oliver for pointing me here
Harmoni Cardenas (verified owner) –
Techniques of a Professional Commodity Chart Analyst is the bible for chart traders. This book is filled with charting techniques that most traders have either forgotten about, never knew, or are unwilling to divulge. It is said that a technique is only good if it is proven over time in the markets, these techniques work. Arthur Sklarew has done an excellent job of describing these techniques. If you use even half of the techniques described in this book you will be a better that average trader!
Cecilia Quinn (verified owner) –
I am reading this now and am gaining valuable insights that have been left along the road in the long march to “algos” dominating trading. Very appreciative to the author, publisher, and vendor for having this available.