Technical Trading Tactics: How to Profit Using Pivot Points, Candlesticks & Other Indicators: 217 (Wiley Trading) - Tapa dura

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JOHN L. PERSON is a registered Commodity Trading Advisor who publishes The Bottom Line Financial and Futures Newsletter, a weekly publication.John hosts his own financial radio show where he interviews some of the country s top analysts and traders. These interviews are archived on his Web site www.nationalfutures.com. He is widely quoted by CBS Market Watch,Reuters, Dow Jones Newswires, Bloomberg, the BBC, Futures magazine,and appears as a guest onCNBC. He teaches these techniques atsome of the country s leading investment expos andconducts seminars from coast to coast. He was invited by the Chicago Board of Trade to contribute his daily market commentaries, which can be found at www.cbot.com/dow.

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Praise for A complete guide to Technical Trading Tactics

"John Person does an excellent job of explaining how to apply technical analysis to the futures markets. Since futures trading is short-term in nature, it demands precision timing tools. A lot of those tools can be found in this new book."
??John Murphy
author of Technical Analysis of the Financial Markets and Intermarket Analysis

"Easy to read and easy to follow, A Complete Guide to Technical Trading Tactics is a book traders will love."
??Larry Williams
Legendary trader and author of Day Trade Futures Online and Long-Term Secrets to Short-Term Trading

"A Complete Guide to Technical Trading Tactics is replete with useful trading tips in a logical format, presented by a seasoned trader with a flair for telling it like it is . . . sure to enrich your pocketbook."
??Larry Pesavento
40-year veteran trader and former member of the CME

"There is a Japanese proverb: ?He whose ranks are united in purpose will be victorious.? This book skillfully reveals how to join the most important aspects of technical analysis including my favorite (of course) candlesticks. Covers the spectrum from market mechanics to chart analysis, pivot points (John?s specialty), order placement, and much more. Use this book! It will help you along the road to victory in your trading battles."
??Steve Nison, CMT
President, Candlecharts.com and author of Japanese Candlestick Charting Techniques and The Candlestick Course

"Brilliantly provides succinct descriptions and applications of technical trading techniques, gives a solid overview of the derivatives market, shows how to identify and work with a broker, and presents issues that a trader must face to be successful. A must-read for traders at all experience levels."
??Daniel M. Gramza
President, Gramza Capital Management, Inc.

"John Person provides readers the most valuable commodity they can buy on any exchange: the benefit of his vast knowledge and experience related to trading. His analysis and discussion of pivot points is an especially valuable contribution to trading literature."
??Edward D. Dobson
President, Traders Press, Inc.

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Are you looking for time-tested trading techniques that professional stock index and futures traders use?

Futures and options markets can be profitable arenas for both novice and experienced traders. But to come out on top, you must have a solid understanding of the markets, the technical tools used to trade them, and yourself.

After twenty-five years as abroker, trader, and educator in the futures and options field, John Person has associated with trading legends and manysuccessful traders and witnessed firsthand their strategies for success. Out of these real-time experiences, he shares the valuable insights you will find in A Complete Guide to Technical Trading Tactics. Novice and experienced alike will gain a better understanding of the mechanics of the markets and methodologies that work.

Person demonstrates multiple trading methodologies using pivot point analysis and shows you how you can implement these key calculations with other methods and indicators. To understand this approach, you dont have to abandon your knowledge of traditional technical analysis techniques. All you have to do is be open to integrating the theories to help you confirm, validate, and identify entry and exit points when trading.

By learning how to better integrate elements of market analysis such as time and price, youll be ready to trade with confidence and achieve success. The proven methodologies that are discussed from the technical side include:

• Pivot pointsa leading price indicator that is based on price points using different time frames
• Cycle analysiswhich deals with predicting market turning points based on time
• Candle chart patternswhich are based on price relationships between the open, high, low, and close including past chart points such as old highs or lows
• Fibonacci ratio corrections and extension studieswhich are based on past price points
• Mental thought processesthe last and maybe the most important aspect of trading, which will help you evaluate your psychological makeup and overcomerough spots to stay focused when trading

If you are to trade successfully, you need to understand that it requires hard work, discipline, and, above all, that you remain focused with the use of methodologies that pinpoint opportunities and help you take control of your emotions. A Complete Guide to Technical Trading Tactics will go a long way toward accomplishing these goals.