How to Profit from Technical Analysis: A Beginner's Guide (2nd Edition)

Vision Books
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Confused by all the talk of charts, trends, breakouts, etc., in the media? Beset by the nagging feeling you might be missing out on something useful for your investing and trading success? Worried that technical analysis may be too difficult and "technical" for you? That it's only for the experts or professionals?

Indeed you can profit from technical analysis whether you are a trader or an investor. And, the basic principles and techniques are easy enough to understand and apply — as this book shows you:

● How to determine whether the market is in an up trend or down trend — or if the ongoing trend might be about to change

● Price patterns that indicate the continuation of a trend — and those which signify an impending trend reversal

● How to profitably trade and invest using the basic techniques and tools of technical analysis

● Step-by-step application of technical analysis explained through detailed examples of stocks, derivatives, commodities and indices

● How long term investors can profit from technical analysis.

Technical analysis holds that the market is always right. This clearly-written beginner's guide shows how you can profit from what the market is telling you.

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About the author

Rajiv D. Khatlawala is a Chartered Accountant and a Cost Accountant by profession. Schooled in Mumbai, he graduated from Bombay University in 1988 after which he moved to Baroda, Gujarat, where he acquired both his professional degrees.

Rajiv has more than two decades of experience, including working in industry, as a financial markets trainer, and as a corporate consultant assisting companies in equity research, wealth management, and currency and commodities hedging. His approach to investing is a combination of detailed fundamental analysis and technical analysis. 

Rajiv is also an active academician. He is a visiting faculty for the MBA program of the M. S. University of Baroda and also for the G. H. Patel Institute of Management, Vallabh Vidyanagar. He teaches a course on Securities Analysis and Portfolio Management, as well as subjects such as Financial Management and Management Accounting. He has also taught students of ICWAI and ICAI as well. 

He is now an independent personal finance and financial markets trainer, providing practical hands-on training in technical analysis, company valuations, and derivatives trading. 

Rajiv Khatlawala lives with his mother, his wife and two children in Baroda, Gujarat, India. He can be contacted by email at rajivkhatlawala@yahoo.co.in.

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Additional Information

Publisher
Vision Books
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Published on
Jan 5, 2018
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Pages
200
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ISBN
9789386268044
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Language
English
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Genres
Business & Economics / Investments & Securities / Analysis & Trading Strategies
Business & Economics / Investments & Securities / General
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Content Protection
This content is DRM protected.
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Available on Android devices
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Japanese rice traders have successfully used candle signals to amass huge fortunes for nearly four centuries. Constantly refined and tested over time, candlestick signals are now being used the world over for trading all financial markets, including stocks, derivatives and currencies, etc.

This book explains step-by-step how you can make money by trading the powerful and proven candlestick techniques. Here is how:

● Explanation of major candle signals; how to recognize them and use them effectively

● The underlying market psychology revealed by each candle formation

● How to combine candlestick signals with Western technical analysis to take advantage of high probability trades which generate explosive profits

● Stop loss settings for various candlestick signals for cutting losses. Master this and you will be way ahead of fellow traders

● How the use of candlesticks with technical analysis provides a simple mechanical trading system which eliminates emotional interference, panic and greed

● How to use candlestick charts for making money from longer term trading and investing

● PLUS: Proven, market-tested trading ideas tips and common mistakes to avoid based on the author's rich experience of trading stocks and options.


This book will enable both new traders and experienced traders derive systematic and consistent profits from the market by adding candlestick charting to their trading arsenal.


REVIEWS FOR THE BOOK

"Educative addition to the technical trader's shelf." — The Hindu Business Line


"Clearly explains and reinforces the message of each candlestick pattern, pointing out other details that can help determine success or failure at each occurrence. The real life examples are manifold, well chosen and amplify the lessons being taught. Highly recommended reading for traders in all markets to discover ways of profiting from candlestick trading." — Alan Northcott


"Sadekar's book not only manages to live upto the expectations but probably excels them. Sadekar attempts to keep things simple, and targets the beginner to intermediate level technician as his target audience.

Each type of reversal, consolidation and continuation pattern is tackled in individual chapters and illustrated liberally with charts of Indian stocks. The author leaves ample strategies for the not so active trader, also combining Dow theory tools like trend lines, oscillators and moving averages with the oriental techniques. This gives the reader an immediate advantage of getting the best of both the worlds.

While all chapters are interesting read, chapters 11 & 12 are the highlights of the book as they lay out a simple but actionable game plan for a trader and investor. As if the overall package was not sweet enough, Sadekar has compiled a tear-away candlestick ready-reckoner at the end of the book to identify emerging patterns in real time. At its price, the book is a value buy. All in all, a must read book for every freshman candle sticks trader."
— Vijay L. Bhambwani, Technical Analyst, CEO - BSPLIndia.com

While complex strategies and systems may work for some traders, understanding price action is all you really need to succeed in this arena. Price action analysis is an effective approach to trading today's markets—whether you're involved in stocks, futures, or options. It allows you to focus on the process of trading without being overwhelmed by a complicated collection of trading techniques. And while this method may appear elementary, it can significantly enhance returns as well as minimize downside risk.

One way to apply price action analysis to your trading endeavors is with chart patterns. Nobody understands this better than author Al Brooks, a technical analyst for Futures magazine and an independent trader for more than twenty years. Brooks discovered ten years ago that reading price charts without indicators proved to be the most simple, reliable, and profitable way for him to trade. Mastering that discipline is what made him consistently successful in trading. Now, with Reading Price Charts Bar by Bar, Brooks shares his extensive experience on how to read price action.

At the end of the day, anyone can look at a chart, whether it is a candle chart for E-mini S&P 500 futures trading or a bar chart for stock trading, and see very clear entry and exit points. But doing this in real time is much more difficult. Reading Price Charts Bar by Bar will help you become proficient in the practice of reading price action—through the use of trendlines and trend channel lines, prior highs and lows, breakouts and failed breakouts, and other tools—and show you how this approach can improve the overall risk-reward ratio of your trades.

Written with the serious trader in mind, this reliable resource addresses the essential elements of this discipline, including the importance of understanding every bar on a price chart, why particular patterns are reliable setups for trades, and how to locate entry and exit points as markets are trading in real time. Brooks focuses on five-minute candle charts to illustrate basic principles, but discusses daily and weekly charts as well. Along the way, he also explores intraday swing trades on several stocks and details option purchases based on daily charts—revealing how using price action alone can be the basis for this type of trading.

There's no easy way to trade, but if you learn to read price charts, find reliable patterns, and get a feel for the market and time frame that suits your situation, you can make money. While price action trading doesn't require sophisticated software or an abundance of indicators, this straightforward approach can still put you in a better position to profit in almost any market. Reading Price Charts Bar by Bar will show you how.

A practical guide to profiting from institutional tradingtrends

The key to being a successful trader is finding a system thatworks and sticking with it. Author Al Brooks has done just that. Bysimplifying his trading system and trading only 5-minute pricecharts he's found a way to capture profits regardless of marketdirection or economic climate. His first book, Reading PriceCharts Bar by Bar, offered an informative examination of hissystem, but it didn't allow him to get into the real nuts and boltsof the approach. Now, with this new series of books, Brooks takesyou step by step through the entire process.

By breaking down his trading system into its simplest pieces:institutional piggybacking or trend trading (the topic of thisparticular book in the series), trading ranges, and transitions orreversals, this three book series offers access to Brooks'successful methodology. Price Action Trends Bar by Bardescribes in detail what individual bars and combinations of barscan tell a trader about what institutions are doing. This iscritical because the key to making money in trading is to piggybackinstitutions and you cannot do that unless you understand what thecharts are telling you about their behavior. This book will allowyou to see what type of trend is unfolding, so can use techniquesthat are specific to that type of trend to place the righttrades.

Discusses how to profit from institutional trading trends usingtechnical analysisOutlines a detailed and original trading approach developedover the author's successful career as an independent traderOther books in the series include Price Action TradingRanges Bar by Bar and Price Action Reversals Bar byBar

If you're looking to make the most of your time in today'smarkets the trading insights found in Price Action Trends Bar byBar will help you achieve this goal.

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