Timing Solutions for Swing Traders: Successful Trading Using Technical Analysis and Financial Astrology
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| Author(s) | , |
|---|---|
| Format |
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| Pages |
208 |
| Published Date |
2012 |
The title of this book, Timing Solutions for Swing Traders: Successful Trading Using Technical Analysis and Financial Astrology , defines its mission. It is all about detecting trend and exploring the best timing to trade. The first eight chapters are authored by Robert and cover comprehensive aspects of technical analysis, including a summary on the Theory of Elliott Wave Principle and the Queuing Theory of Moving Average Crossovers. The last chapter was contributed by Peter. It introduces the application of financial astrology to picking stocks and cycles, to finding the best period to trade, and to ascertaining the best period of your personal Part of Fortune.
Author’s Introduction:
In the book, we have demonstrated a simple concept of a trading method. The stocks are selected at random and are not selected to fit the system. The system is not a mechanical or fully automated trading system, and parameters of the system and indicators are not optimized. The basic formulas used in the system are provided for reference. The formulas are simple and easy for traders to use. It should be easy also to adjust them for incorporation (with their personal system design) into their personal trading method.
The program has a built-in color trend indicator to alert traders to the state of the stocks in the short time frame, and to validate the short-term trend by the medium-term indicators of the system. In essence, we want to trade when the short-term trend is moving in tandem with the mediumterm trend, and trade signals are executed only in the direction of the longer trend frame.
The application requires discretionary traders’ decisions to anticipate market outlook for the intermediate trend. It uses candlestick patterns, Elliott Wave Principle, volume, and the interplay of three longer-term moving averages to decide whether relevant price rallies or corrections are expected to be short-lived or the start of a longer trend. It is also recommended to include a protective stop-loss system in every trading system.
There are no standard parameters or definitive methods for applying stop-loss. Each trader has to define his own acceptable risk to set the appropriate stop-loss. For reference, the formula of a simple indicator for stop-loss has been included together with formulas of the various indicators mentioned in the book.
To a large extent, the success of trading depends on your frame of mind, money management ability, and trading methodology. Having a healthy frame of mind is a prerequisite for trading stocks. The mind greatly infl uences how you trade and how you manage your financial risk. Trading is all about making mental decisions. A frame of mind that is negative, tired, or anxious is not the right condition for trading anything. On the other hand, a healthy and cheerful attitude and learning to take a break from trading are indispensable factors in the unceasing quest to achieve the best trading results.
Contents:
- Be Prepared
- Let’s Get Started
- Essential Patterns
- Elliott Waves
- Volume
- Key Indicators
- Applied Systems
- Formulating Your Trading Plan
- Financial Astrology
Timing Solutions for Swing Traders: Successful Trading Using Technical Analysis and Financial Astrology By Peter Tryde and Robert Lee pdf
6 reviews for Timing Solutions for Swing Traders: Successful Trading Using Technical Analysis and Financial Astrology
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Aylin Holt (verified owner) –
This is the trading book of the year, not only for experienced technical analysts but for seasoned traders who have been searching for just one good book that includes the essentials plus some innovative ways to improve their trading results. The book offers new thoughts on building trading plans, enhancing classic market indicators, and methods.
Florence Carter (verified owner) –
This book is a very useful introduction to the many basic concepts and rules of technical analysis presented with clarity and easy to follow examples. It also offers seasoned traders some new perspectives and useful techniques to achieve better trading results.
Niko Guzman (verified owner) –
This book is a very good reference source covering most aspects of technical analysis; it covers most of the traditional topics for technical analysis – Patterns, Elliott Waves, Volume, Indicators, Systems and even Astrology.
The authors are not trying selling any “holy grail” or “secret method”. It, does on the other hand, provide a solid explanation of the different topics by means of examples and charts. The author also developed a Queuing Theory of Moving Average Crossovers (QMAC), which is a very good tool use in trend trading. It is a multi-time-frame system which is similar to GMMA, whereas QMAC is easier to use and interpret.
Some Meta-stock formulas are included and readers can test and modify their trading ideas. Most trading ideas are for position traders. (this book is not for day traders).
Overall the book should be rated 5 stars. However, I found the font size a bit small and the line spacing a bit tight, so I think I will award it 4 stars. I hope the writers will deliver another 5 star book in the near future.
Marlon Cordova (verified owner) –
Excellent
Ashley Matthews (verified owner) –
Most books have a “putting it all together”-type of chapter where several buy or sell signals are analyzed utilizing the knowledge discussed throughout the book. This book doesn’t have that; nor does it provide any description of its trend candles, which utilize three MAs in an undiscussed fashion to paint candles to more easily show price trend. The “queueing Moving Average” concept is a watered-down version of the Guppy Multiple Moving Averages concept; I disagree with another review here in that I find the GMMA is much better explained and visually apparent than the method described here. This book seemed like maybe it was leading up to system or trading method, but it didn’t.
Maverick Roman (verified owner) –
I am relatively new to trading futures in crypto and found this book useful for several reasons: it suggests using only one indicator per category. Volume, trend/moving averages, and momentum. I have since been using this approach and it’s been working well. I discovered the CCI indicator through this book, which works much better than what I was using before. This book acknowledges the place that astrology has in predicting future macro trends, which in my experience is the only thing that can. At the end of the book, the authors provide links to astrology software and other books to further your learning. Rather than go online looking for software and other trading books to read, they have curated a list for you. This book discusses a moving average strategy – I don’t like using moving averages to trade crypto, so traders need to read these books and take what they find valuable and discard the rest.