Technical analysis is the study of past price movement for the purpose of predicting future price movement. If done correctly, it can lead to substantial trading profits. But making money in the market isn’t easy. No one knows this better than author Tim Knight, who has been charting and trading the financial markets for more than twenty years. The company he founded, Prophet Financial Systems (now owned by TD Ameritrade), was ranked for years as the number-one site for technical analysis by both Barron’s and Forbes.
In the first edition of Chart Your Way to Profits, Knight showed how to use the powerful technology available online in conjunction with technical analysis to analyze markets and make the most profitable trading decisions possible. Now, in this revised Second Edition, he offers many new technical tools for tracking individual stocks and also shows you how to use ProphetCharts® to do advanced intermarket technical studies to identify the best opportunities.
Written in a straightforward and accessible manner, Chart Your Way to Profits, Second Edition introduces the ProphetCharts® application, which allows you to perform your own analysis with the help of hundreds of real-world examples. Along the way, you’ll also become familiar with some of the most important rules of sound trading. The author examines a variety of chart types, highlights essential indicators, explores numerous analysis methods, and offers a wealth of in-depth insight and practical advice throughout the book.
No matter what you trade, technical analysis can make you a better and more profitable trader. Price charts will consistently provide the most complete representation of the supply and demand behind any financial instrument because everything that can be publicly known or speculated is already built into the graph. Through the ups and downs of financial markets, technical criteria and charting allow traders to be completely objective in their assessment of price action, while leaving emotion out of the decision-making process. Chart Your Way to Profits, Second Edition can help you do the same, as it shows you how to combine technical analysis with powerful online tools to achieve trading success.
With the financial markets seemingly careening from one crisis to another, it’s vital for today’s investors and traders to have an historical perspective on market performance during times of great turmoil. In this book, Tim Knight provides an exhaustive analysis of financial market behavior prior, during, and following tumultuous events since 1600.
Making copious use of charts and basic technical analysis, Knight demonstrates how external shocks tend to create extreme reactions in the financial markets and how these predictable reactions provide opportunities for investors and traders to profit. Knight traverses five centuries of financial market history, from Tulipmania in the 1600s to the contemporary sovereign debt crisis. He looks at each event from the prism of the financial markets, examining the market climate prior to the event, during the event, and following the event.
- Draws essential lessons from history providing investors and traders with guidelines to better navigate markets in today’s tumultuous times
- Offers valuable insights on understanding and anticipating market responses to shocks and crises
- Companion website with a Q&A section contains charts from key moments in past financial crises and asks readers to choose whether to go long, short, or step aside
Tim Knight’s irreverent and bearishly-tiled blog, The Slope of Hope, sprang to life in March 2005 and has been irking stock market bulls ever since. Now one of the most widely-read financial blogs on the Internet, Slope of Hope has become a nexus for skeptics, technical analysis, and overall ne’er-do-wells to discuss the state of politics, the markets, and charts. Explore within some of the best of Slope in a series of quick, thought-provoking missives.This is a “Best of the Blog” volume directly from Slope’s archives which can be purchased here.
A key element of trading is identifying situations in the financial markets that can produce a profitable trade. Fundamental analysts search for situations where a stock is undervalued or if a stock’s prospective earnings growth is underestimated by a majority of investors. Technical analysts look at patterns in the market that historically indicate the direction of the markets next move. High Probability Trade Set-Ups catalogs the best trading situations from a variety of technical approaches.
Engaging and informative, High Probability Trade Set-Ups provides a detailed explanation of twenty powerful, recurring tradable situations in the financial markets. Each pattern is thoroughly described, including its strengths and drawbacks, ease of identification, and the degree to which it produces profitable trades. Most importantly, the author provides entry and exit points for each set up. Examples of the set-ups include chart patterns such as ascending triangles, diamonds, gaps, pennants, and channels.
- Features many new technical tools for tracking individual stocks
- Contains a resource guide, which will help to monitor the market for the trade set-ups discussed throughout the book
- Reveals how to use ProphetCharts to perform advanced intermarket technical studies and identify the best opportunities
Written in a straightforward and accessible style, High Probability Trade Set-Ups covers a lot of ground with respect to this approach and shows you how to use it to make the most of your time in today’s dynamic markets.