Charting Secrets E-Book

Louise Bedford

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 365

Veröffentlichungsjahr: 2013

Beschreibung

A leading Australian trader shows you how to succeed on the sharemarket with proven charting techniques Now completely revised with the latest trading information, this revised edition of bestselling author Louise Bedford's Charting Secrets is the perfect guide for beginners and experienced traders and chartists alike. Unlike other books on trading, you'll find no get-rich-quick schemes here. Bedford believes that successful trading is a matter of study and hard work, just like any other job. With this in mind, Charting Secrets serves as a workbook that will have you practising what you read and mastering charting techniques as you go. The book begins with explanations of charting patterns and methods and includes sample charts for you to practise on, as well as step-by-step solutions that allow you to compare your results to hers. * Features practical charting advice and sample charts that let readers learn techniques as they read * Covers charting basics, as well as candlestick charting and system development, macro reversal and continuation patterns, trading psychology, and much more * Written by a bestselling author known as one of Australia's most compelling speakers on trading Whether you're new to the trading game or an experienced trader looking to polish your charting techniques, Charting Secrets will show you how to turn potential into profit.

Leseprobe

Charting Secrets: Trade Like a Machine and Finally Beat the Markets Using These Bulletproof Strategies, 2nd Edition

Table of Contents

Acknowledgements

My story

Let’s get started

1: Chart and be sexy

Weight of evidence

The families

Chart construction

Bar charts

Line charts

Candlestick charts

Candlestick charting

The white candle

The black candle

2: The line reveals all . . . Well, almost . . .

Support and resistance

Why draw support and resistance lines?

Change of polarity

Uptrends

Downtrends

Where to draw your lines

Suggested answers

Why are downtrends important?

Trader versus investor

Lining it all up

Summary

3: Volume counts

Why is volume important?

Overall volume

Relative volume

A potential trap

Uptrend

Downtrend

A quick word of encouragement

Summary

4: Moving averages rock!

Share prices and moving averages

Which time period to use

Golden and dead crosses

An example

Self-fulfilling prophecy?

Suggested answers

Types of moving averages

Summary

5: My momentous momentum mistake

What do momentum indicators measure?

Indexed momentum indicators

Interpreting momentum indicators

Bullish signs

Bearish signs

Timing

Consolidation and momentum indicators

Histograms

Divergence

Divergence types

Answers

How to trade divergence

Summary

6: Finally nail macro reversal patterns

Patterns in context

Double top

Double top as a failed signal

Double bottom

Suggestions

Triple top

Triple bottom

The measure rule

Answers

Time for a break?

Bullish and bearish V-reversals

V-reversal with a step

Head and shoulders

Inverse head and shoulders

The measure rule

Exercise 1

Exercise 2

Exercise 3

Answers

Exercise 1

Exercise 2

Exercise 3

Summary

7: Magic macro continuation patterns

Why are continuations important?

Dead cat bounce

Triangles

Ascending triangles

Descending triangles

Symmetrical triangles

Bullish channels

Bearish channels

Share stages

Stage 1 — the base

Stage 2 — the uptrend

Stage 3 — the top

Stage 4 — the downtrend

Answers

Summary

8: Candlesticks uncut

Set-ups

Triggers

1 The breakout trade

Bullish breakouts

Bearish breakouts

Signal failure

Answers

2 The retracement trade

Bullish retracements

Bearish retracements

Answers

3 Gap trading

Answers

4 The dominant candle

Answers

More exercises

Answers

Summary

9: Putting it all together

Exercise 1

Exercise 2

Exercise 3

Exercise 4

Exercise 5

Exercise 6

Answers

Exercise 1

Exercise 2

Exercise 3

Exercise 4

Exercise 5

Exercise 6

10: System development secrets

Developing a trading system

1 Entry/exit methodology

2 Risk management

3 Money management

Summary

The answer

11: The short and the long of it

How to make money out of a downtrend

1 Act on your stops

2 Write call options

3 Buy put options or warrants

4 Short sell

Options or short selling?

Some definitions

How to make money out of an uptrend

1 Close out your written call, bought put and short-sold positions

2 Buy the share or CFD

3 Buy call options or warrants

4 Write put options

Quiz

Quiz answers

A final word

Summary

12: More psychology secrets

The fear time bomb

Whingers unite … and then leave us the hell alone

Three success squashers

Time to kick you out of the nest

A glimpse into your future

But, isn’t it easy for you now, Louise?

Makes you think, doesn’t it?

Appendix A: Candlestick basics

Appendix B: Back-testing

Further reading and education

Glossary

Macro patterns index

Macro patterns index

Testimonials

More from Louise

First published in 2013 by Wrightbooks an imprint of John Wiley & Sons Australia, Ltd 42 McDougall St, Milton Qld 4064

Office also in Melbourne

Typeset in 12.5/14 pt Perpetua Std Regular

© Louise Bedford 2004, 2007, 2013

The moral rights of the author have been asserted

National Library of Australia Cataloguing-in-Publication data:

Author: Bedford, Louise

Title: Charting secrets: Trade like a machine and finally beat the

markets using these bulletproof strategies/Louise Bedford

Edition: Revised ed.

ISBN: 9781118543184 (pbk.)

Notes: Includes index.

Subjects: Stocks — Charts, diagrams etc.

Stock price forecasting.

Dewey Number: 332.63228

All rights reserved. Except as permitted under the Australian Copyright Act 1968 (for example, a fair dealing for the purposes of study, research, criticism or review), no part of this book may be reproduced, stored in a retrieval system, communicated or transmitted in any form or by any means without prior written permission. All inquiries should be made to the publisher at the address above.

SuperCharts version 4 charts © TradeStation Technologies, Inc. Reproduced with permission. All rights reserved. These charts were generated in 1997 and SuperCharts is no longer offered by TradeStation Technologies, Inc. New charting software is available through TradeStation Technologies, Inc.

Printed in Singapore by

C.O.S. Printers Pte Ltd

10 9 8 7 6 5 4 3 2 1

Disclaimer

The material in this publication is of the nature of general comment only, and does not represent professional advice. It is not intended to provide specific guidance for particular circumstances and it should not be relied on as the basis for any decision to take action or not take action on any matter which it covers. Readers should obtain professional advice where appropriate, before making any such decision. To the maximum extent permitted by law, the author and publisher disclaim all responsibility and liability to any person, arising directly or indirectly from any person taking or not taking action based on the information in this publication.

Acknowledgements

A project like this just couldn’t happen without loads of support. Without support, it’s easy to give up on a whim. This is what stops a lot of people in their tracks when they’re on the brink of success. As the years pass in my life, I’ve found this to be more accurate than ever.

I feel very fortunate in my life to have been cocooned in the warmth of so many special traders from my Mentor Program. There are too many people to mention, but you know who you are. You’ve given back so much to me, and I feel extremely grateful.

Thanks to Chris Tate (www.tradinggame.com.au) for being the best business partner I could ever imagine. Your ability to master complex trading systems and make them tradeable, even for terrified new traders, is just exceptional. You’ve nudged and prodded me to achieve more than I ever believed possible, put up with my whines, and given me a proverbial whack across the side of my head when I needed it most.

Finally, my husband, Chris Bedford, has been by my side for more than half my life, supported me in my ambitions, and stood strong when I needed it most.

As you’re reading this book, I know your goal is to trade like a machine, safely and confidently, never doubting yourself, with no ego. To achieve this goal, make sure you surround yourself with people who believe in you. It’s one of the key differences between traders who excel and those who never achieve the results they yearn for.

I’m a product of those who supported me, and those who were unreasonable friends (always challenging me to create and achieve more). Without that support, there’s no way I’d be the person that I am today. I would have surrendered my ambitions, submitted, and hung my head, not believing I was worthy.

My story

Years ago I climbed up the corporate ladder to achieve the role of a national sales manager. I was having an absolute ball, revelling in my ambition, loving every minute of it. Everything that I had aimed for was beginning to come true. However, everything wasn’t as picture-perfect as it appeared.

At night, I would lie in my bed, staring at the ceiling, my heart racing. In my gut, I knew I was working far too many hours a week. Even though my career was booming, I was fast beginning to lose touch with my family and friends. When I really thought hard about it I realised I was getting up before the sun came up to go somewhere that sucked the best hours out of my day, only to spit me out as a used, exhausted shell when it was night-time again. Maybe you can relate?