Trading Tools and Tactics: Reading the Mind of the Market doesn’t just make investing look easy; it makes trading easy by teaching you not only how to identify price moves, but by helping you understand why prices move the way they do. This book doesn’t just make investing look easy; it actually makes trading more simple by teaching you how to identify price moves as well as the conceptual foundations that explain why prices move the way they do. Understanding support, resistance, and volume, and then identifying the best times to trade are the essential elements of investment success. Price movement and level are the only truths in the markets, and this book teaches you how to interpret what the prices are telling you.
I suggest that you read this book through from cover to cover. In the beginning chapters I discuss, in a very detailed way, some of the essential concepts, such as candlesticks, support and resistance, and moving averages, and explain how the common use of many of these is incorrect. We then move into some of the more detailed areas on the charts and again discuss the proper and improper use of tools like volume, retracements, and how to analyze every bar as it forms.
We next look at more advanced concepts. In a section called “market internals” we look at various ways to dissect the market. We examine the proper use of relative strength, and how to really understand the differences in trends. We then look at gap analysis and also take a look at how prices play out over multiple time frames, one of the most advanced topics there is for a trader. Following, we delve into more specialized topics, such as how to make failures work for you, and we talk about the all-important concept of how to manage both the trade and the money. We then look at how to handle the trading day, and conclude with a wrap up repeating the most important truth you need to learn about the markets.
- Subjective Doesn’t Work in the Market
- Candlestick Analysis
- Support and Resistance
- Moving Averages the Right Way
- Volume Is Money
- Retracement Analysis
- Bar-by-Bar Analysis
- Market Internals
- Relative Strength
- The Trend Is Your Friend
- Shoot the Gap
- Making Failure Work for You
- Manage the Trade and the Money
- Getting Through a Typical Trading Day
- There Is Only One Truth in the Markets
Trading Tools and Tactics: Reading the Mind of the Market By Greg Capra pdf