the thread about books related for stocks, forex, financial market and
economics. Please make a post about books with possible cover image,
short description and official link to buy (amazon for example).
Posts with links to unofficial resellers will be deleted
Trade Copier Pro is a powerful tool to copy trade remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
Averager is intended for averaging your deals that has had a drawdown or had gone against the trend.
An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper. The system is identical to the averaging system created for MetaTrader 4. A demo version of the averager for MetaTrader 5: Averager DEMO.Note: this is not an automated trading system (the EA doesn't work in the strategy tester). It monitors your deals and averages them in case o
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
Run the script on a chart.
Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
EnableVirtualTrailingStop: enable or disable whole function VirtualTrailingStop: the pip use for determine how far the Virtual Trailing Stop will placed calculated from current price StartFromBreakEven: true/false. If true, Virtual Trailing Stop will placed after breakeven BreakEvenPoint: point profit from order open price where the Virtual T
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
COSMOS4U Volume indicator facilitates your trade decisions. It gives confirmation of the running movement and market trends. It highlights current and past accumulation and distribution volumes, comparing them to moving average volume and the highest volume. In addition, it identifies and marks nuances as well as convergence and divergence patterns of bears and bulls in order to provide the market trend and price ranges.
The supported features are as follows:
Fast Volume Moving Average Slow
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Source - new and improved multi-terminal positions copier for your real / demo account, works faster, requires less, flexible in managing and upgrading, new information support. This expert is designed for terminal MetaTrader5 from which the position will be copied.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Buttons for re
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
"Triangular" arbitrage refers to a class of neutral-market strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole.
In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of balancing cross rates of all currency pairs.
The advantages of the strategy are the following:
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U.S. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders.
These indicators, related to the fundamental analysis, can also be used as an effective long-term filte
The Trade Manager Pro EA is a MetaTrader Expert Advisor that performs position management for you avoiding human errors and enhancing your trading activity.
Amazingly easy to use Trade easily from the chart Trade with precise risk management, hassle free Capital preservation is top priority Let profits run without your attention Enjoy risk-free trades as soon as possible Automatic trailing stops for all opened trades Initial stop losses are placed as soon as trades are
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher proba
The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar.
Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Al
The indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
MACD All MAs-14 is a MACD indicator that allows choosing usual parameters of the standard MACD (constructed from EMA) as well as the type of the moving average to be applied: up to 14 different types.
You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard - LRMA, HMA, JMA, AFIRMA.
Method MA - select the type of moving average to be displayed in the current graph. Period slow MA - the number
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
Pipfinite creates unique, high quality and affordable trading tools.
Our tools may or may not work for you, so we strongly suggest to try the Demo Version for MT4 first. Please test the indicator prior to purchasing to determine if it works for you.
We want your good reviews, so hurry up and test it for free...we hope you will find it useful.
Breakout Analyzer with Volume Critical
Strategy: Enter confirmed reversal setups Watch Video: (Click Here)Breakout Analyzer with Strength
CandleTimer is an indicator that can be usable for scalper and short-term traders. It shows the following useful information:
Remaining and past time of a candle on the current chart or other timeframe Alarm setting for play sound at the start of the current candle Show SL/TP line defining whether the indicator has a Sell or Buy order or both Show a spread value Show Ask and Bid lines in different colors in high and low spread Compatible with a money management EA (you can buy it separat
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read November 2016
Muhammad Syamil Bin Abdullah, 2016.11.15 07:05
Equity Markets and Portfolio Analysis
In recent years, changes have swept through the investment
industry like wildfire. Academia has followed along and provided
new lenses for viewing this transformation, as well as new
strategies for gaining a true understanding and knowledge of
investment and financial markets. Now, Equity Markets and
Portfolio Analysis has been created to further inform
investment professionals and finance students on the basic concepts
and strategies of investments, and to provide more detailed
discussions on advanced strategies and models. The concepts covered
in this book will help readers gain a better understanding of the
markets and uses for an increasing number of securities,
strategies, and methodologies.
Equity Markets and Portfolio Analysis is the only core
investment book that covers the functionality of Bloomberg
terminals, increasingly critical tools both in the classroom and on
the trading floor. As Bloomberg terminals now play a key role in
the research, teaching, and managing of student investment funds,
understanding the system's information and analytical functions has
become more important than ever.
This unique resource will give readers both the foundational
knowledge and the analytical tools necessary for investment
success, both in the classroom and in the real world.
CHAPTER 1 Overview of the Financial System 1
CHAPTER 2 Overview and Guide to the Bloomberg System 29
CHAPTER 3 Stock and Bond Valuation and Return 73
CHAPTER 4 Equity Securities, Markets, and Trading 131
CHAPTER 5 Investment Funds, Intermediate Securities, and Global
Equity Markets 179
CHAPTER 6 Expected Rate of Return and Risk—Stock 221
CHAPTER 7 Portfolio Evaluation 267
CHAPTER 8 Portfolio Selection—Markowitz Model 303
CHAPTER 9 The Capital Asset Pricing Model 347
CHAPTER 10 The Arbitrage Pricing Theory 365
CHAPTER 11 The Financial Anatomy of a Company—Fundamental
CHAPTER 12 Applied Fundamental Analysis 437
CHAPTER 13 Market and Industrial Analysis: Top-Down Approach
CHAPTER 14 Technical Analysis 537
CHAPTER 15 Efficient Markets 581
CHAPTER 16 Options Markets 623
CHAPTER 17 Futures Markets 669
R. STAFFORD JOHNSON is Professor of Finance at the
Williams College of Business, Xavier University. He is the author
of five books: Options and Futures, Introduction to
Derivatives, two editions of Bond Evaluation, Selection, and
Management, and Debt Markets and Analysis. He has also
written articles appearing in journals such as Applied
Economics, Journal of Financial Education,
International Review of Economics & Business, Journal
of Economics, The Financial Review, and the Review of
Quantitative Finance and Accounting.
Muhammad Syamil Bin Abdullah, 2016.11.14 08:04
The Economic Indicator Handbook: How to Evaluate Economic Trends to Maximize Profits and Minimize Losses by Richard Yamarone
The Economic Indicator Handbook: How to Evaluate
Economic Trends to Maximize Profits and Minimize Losses
Analyze key indicators more accurately to make
smarter market moves
The Economic Indicator Handbook helps investors
more easily evaluate economic trends, to better inform investment decision
making and other key strategic financial planning. Written by a Bloomberg
Senior Economist, this book presents a visual distillation of the indicators
every investor should follow, with clear explanation of how they're measured,
what they mean, and how that should inform investment thinking. The focus on
graphics, professional application, Bloomberg terminal functionality, and
practicality makes this guide a quick, actionable read that could immediately
start improving investment outcomes. Coverage includes gross domestic product,
employment data, industrial production, new residential construction, consumer
confidence, retail and food service sales, and commodities, plus guidance on
the secret indicators few economists know or care about.
Past performance can predict future results – if
you know how to read the indicators. Modern investing requires a careful
understanding of the macroeconomic forces that lift and topple markets on a
regular basis, and how they shift to move entire economies. This book is a
visual guide to recognizing these forces and tracking their behavior, helping
investors identify entry and exit points that maximize profit and minimize
evaluate economic trends
more informed investment decisions
Understand the most essential indicators
Translate predictions into profitable actions
Savvy market participants know how critical
certain indicators are to the formulation of a profitable, effective market
strategy. A daily indicator check can inform day-to-day investing, and
long-term tracking can result in a stronger, more robust portfolio. For the
investor who knows that better information leads to better outcomes, The
Economic Indicator Handbook is an exceptionally useful resource.
Muhammad Syamil Bin Abdullah, 2016.11.13 05:10
Fibonacci Analysis by Constance Brown
Only someone who is both a successful trader and a successful writer could pull off what Constance Brown has accomplished in this book: distilling Fibonacci analysis to two hundred or so comprehensive, clearly written, eminently practical pages.
Brown knows exactly what a professional trying to come up to speed on a new trading tool needs and she provides it, covering what Fibonacci analysis is, how it works, where it comes from, pitfalls and dangers, and, of course, how to use it. Basic trading strategies are touched upon in virtually every chapter.
Fibonacci analysis is one of the most popular technical analysis tools, yet it is often used incorrectly. Brown quickly clears up common misconceptions and moves on to show, step by step, the correct way to apply the technique in any market.
Those with Fibonacci analysis software will learn how to use it with maximum effectiveness; those without will chart the market the old-fashioned way. All will find answers to the trader's most important questions:
Occasional references to other tools--including Elliott Wave, W.D. Gann, and candlestick charts--and an extensive bibliography make this book richer for accomplished technical analysts without confounding the less experienced. Plentiful real-life examples and dozens of carefully annotated charts insure every reader will get maximum value from every minute spent with this book.
Constance Brown, CMT, is on the accreditation board of the Market Technicians Association. Her book, Technical Analysis for the Trading Professional, is required reading for the Level III Chartered Market Technician certification exam. She founded Aerodynamic Investments to advise and offer research to financial institutions and banks worldwide. Clients include Credit Suisse, Merrill Lynch, Morgan Stanley, Bundesbank, and Bank of Tokyo as well as clients in Kuwait, South Africa, Australia, Russia, and Indonesia. Previously, she worked as an institutional trader in New York City. She now lives and works in South Carolina. She is the author of six other books.
Global Macro Trading : Profiting In A New World Economy
Global Macro Trading is an indispensable guide for
traders and investors who want to trade Global Macro – it
provides Trading Strategies and overviews of the four asset classes
in Global Macro which include equities, currencies, fixed income
and commodities. Greg Gliner, who has worked for some of the
largest global macro hedge funds, shares ways in which an array of
global macro participants seek to capitalize on this strategy,
while also serving as a useful reference tool. Whether you are a
retail investor, manage your own portfolio, or a finance
professional, this book equips you with the knowledge and skills
you need to capitalize in global macro.
Price Action Breakdown: Exclusive Price Action Trading Approach to Financial Markets
A Complete Guide to the Futures Markets: Fundamental Analysis, Technical Analysis, Trading, Spreads, and Options : 1st Edition
Focusing on price-forecasting in the commodity futures market, this is
the most comprehensive examination of fundamental and technical analysis
available. Treats both approaches in depth, with forecasting examined
in conjunction with practical trading considerations.
Schwager is the starting point for any serious reading on futures and
options trading. Disregard comments below on its being to quantitative.
No, you don't need a Ph.D. in math nor high school calculus (there isn't
a single integral or differential equation in the whole book). You
should have a starting basis in statistics as well as some pre-existing
intuition about markets.It is well-written and clear,and truly
encyclopedic in scope : every conceivable options trade, with all
permutations thereof, is discussed and dissected, even inadvisable ones
(they too are informative). A classic book whose age (mine is copyright
1984!) testifies to its enduring worth. To summarize, you can't really
trade futures or options and expect to make money without it.
The Commitments of Traders Bible: How To Profit from Insider Market Intelligence : Stephen Briese
The Commodity Futures Trading Commission's weekly Commitments of
Traders (COT) report has established the U.S. futures market as one of
the most transparent exchanges in the world—and created a level playing
field for commodity and futures traders of all sizes in the process. But
the information found within the COT report extends well beyond the
confines of the commodity pits and can be profitably applied to
virtually any market sector, from equities and treasuries to forex, gold
stocks, and exchange-traded funds.
Nobody understands this
better than author Stephen Briese, an industry-leading expert on COT
data. And now, with The Commitments of Traders Bible, he shares the
insights and experiences of his successful career to help put the COT
report in perspective. Written in a straightforward and accessible
style, this detailed guide skillfully examines the predictive power of
COT data and reveals how you can accurately interpret it in order to
analyze market movements and make the most informed investment decisions
Divided into two comprehensive parts, this reliable resource:
Takes you through a brief history of the COT report and explains how it has evolved over time
how the dozens of numbers published on specific markets expose the
positions of the biggest and smartest market insiders
Describes how to properly view the COT Index and use it to avoid the traps that most observers fall into
Offers technicians and chartists various ways to incorporate COT analysis into their existing programs
Discusses individual idiosyncrasies and patterns that appear in certain markets—from oil to interest rates
hundreds of securities from all over the world whose prices are highly
correlated with commodities contained in the COT report
of your trading methods, and no matter what markets you're involved in,
there is a COT report that you should be reviewing every week. With The
Commitments of Traders Bible as your guide, you'll gain an invaluable
edge over uninformed market participants as you learn how to use legal
"insider" information to enhance your everyday investment endeavors.
Mastering the Trade, Second Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups : John F Carter
Trading books, they're a dime a dozen. If only their cover prices
reflected that reality. Mastering The Trade, by John F. Carter,
Published by Mcgraw-Hill Trader's Edge is an example of the exception
that proves the rule.Carter, who is a CTA, trader, writer and
trading educator, effectively communicates his strategies, methods and
insights in this 400 page book.The book is divided into Three parts:In
Part One, Carter explains hardware requirements, market mechanics,
general market theory, trading psychology and finally, the all-important
subject of interpretation of market internals. Begining traders will
find all of these sections to be of value. While even experienced
traders will greatly benefit from Carter's discussions of trading
psychology and market internals.Part Two examines Carter's
specific set-ups for futures, equities, forex and options. Clear
directions coupled with informative diagrams leave little question as to
how he trades his set-ups. Carter coveys the reasons he pulls the
trigger, and perhaps more importantly, the reasons he may let a set-up
pass.Part Three covers preparation for the trading day, creating
and executing a trading business plan, thoughts on how to fine tune
your trading and even a self-evaluation tool helping traders to hone in
on the best markets to trade for their own personalities.This
trader/reviewer wishes that he had the knowledge that Carter imparts
regarding reading and interpretation of market internals when he began
trading. Carter lucidly explains use of the Tick, the Trin, the TICKI
the Premium and other indicators which allow the trader to interpret the
health of the market, and make decisions based on fact rather than
feeling. Carter's set-ups are simple and effective when evaluated in
the context of market internals which he explains clearly. Finally, the
author's advice on market psychology is sterling.
covers new ground, offering both new and experienced traders the
opportunity to add effective weapons to their informational arsenals
that can help them win in their daily assaults on the market.
John F. Carter grew up the son of Morgan Stanley stockbroker, and was
introduced into trading as a sophomore in high school, and has been
trading actively for the past 19 years. He studied international
finance at the University of Cambridge in England before graduating from
the University of Texas at Austin. John has been a full time trader
since 1996. In 1999, tired of talking to his goldfish while trading
alone in his office, he launched www.tradethemarkets.com to post his
trading ideas. Today he has a following of over 10,000 people. John
publishes separate daily newsletters for futures/single stock futures,
options and equities trading, and, more recently, forex, at
www.razorforex.com. He's a Commodity Trading Advisor (CTA) with Razor
Trading, manages a futures and a forex fund. McGraw Hill tapped him to
write a book entitled Mastering the Trade, due out in December, 2005.
To keep his sanity, John relies on physical activity after the close to
deal with the financial swings he and his subscribers encounter. He
clears his head running, swimming, traveling with his wife, Maria, and
playing with his son, James.
High probability trading : take the steps to become a successful trader : Marcel Link
Within 6 months of beginning their careers full of promise and
hope, most traders are literally out of money and out of trading. This
work reduces the likelihood that you may have to pay this "traders'
tuition," by detailing a market-proven program for weathering those
first few months and becoming a profitable trader from the beginning.
"The Goal Is to Teach All Traders to
Think with the Mindset of a Successful Trader..." While successful
trading requires tremendous skill and knowledge, it begins and ends with
mindset. What do exceptional traders think when they purchase a quality
stock and the price immediately plummets? How do they keep one bad
trade from destroying their confidence - and bankroll? What do they know
that the rest of us don't? "Some trades are not worth the risk and
should never be done."High Probability Trading" shows you how to trade
only when the odds are in your favor. From descriptions of the software
and equipment an exceptional trader needs high probability signals that
either a top or bottom has been reached, it is today's most complete
guidebook to thinking like an exceptional trader - every day, on every
trade. "It's not how good you are at one individual thing, but it's the
culmination of every aspect of trading that makes one successful."Before
he became a successful trader, Marcel Link spent years wading from one
system to the next, using trial and error to figure out what worked,
what didn't, and why. In "High Probability Trading", Link reveals the
steps he took to become a consistent, patient, and winning trader - by
learning what to watch for, what to watch out for, and what to do to
make each trade a high probability trade. "Why do a select few traders
repeatedly make money while the masses lose? What do bad traders do that
good traders avoid, and what do winning traders do that is different?
Throughout this book I will detail how successful traders behave
differently and consistently make money by making high probability
trades and avoiding common pitfalls..." - From the preface.Within 6
months of beginning their careers full of promise and hope, most traders
are literally out of money and out of trading. "High Probability
Trading" reduces the likelihood that you will have to pay this "traders'
tuition," by detailing a market-proven program for weathering those
first few months and becoming a profitable trader from the
beginning.Combining a uniquely blunt look at the realities of trading
with examples, charts, and case studies detailing actual hits and misses
of both short- and long-term traders, this straightforward guidebook
discusses: the 10 consistent attributes of a successful trader, and how
to make them work for you; strategies for controlling emotions in the
heat of trading battle; technical analysis methods for identifying
trends, breakouts, reversals, and more; market-tested signals for
consistently improving the timing of entry and exit points; how to
"trade the news" - and understand when the market has already discounted
it; and learning how to get out of a bad trade before it can hurt you.
The best traders enter the markets only when the odds are in their
favor. "High Probability Trading" shows you how to know the difference
between low and high probability situations, and only trade the latter.
It goes far beyond simply pointing out the weaknesses and blind spots
that hinder most traders to explaining how those defects can be
understood, overcome, and turned to each trader's advantage. While it is
a cliche, it is also true that there are no bad traders, only bad
trades. Let "High Probability Trading" show you how to weed the bad
trades from your trading day by helping you see them before they
occur.Packed with charts, trading tips, and questions traders should be
asking themselves, plus real examples of traders in every market
situation, this powerful book will first give you the knowledge and
tools you need to tame the markets and then show you how to meld them
seamlessly into a customized trading program - one that will help you
join the ranks of elite traders and increase your probability of success
on every trade.
Pivots, Patterns, and Intraday Swing Trades : Derivatives Analysis with the E-mini and Russell Futures Contracts
When the Chicago Mercantile Exchange launched the S&P 500 E-mini
in 1997, their aim was to provide non-professionals with an opportunity
to trade on an even footing with professional traders. Judging by the
fact that the intervening years have seen a veritable boom of E-mini
stock index trading worldwide, one can conclude that their experiment
was a smashing success.
It's easy to see why E-mini trading has
become so popular among day traders. First, there are the much lower
margins associated with the smaller contract sizes, as compared to their
floor-traded counterparts. Also, because trades are executed entirely
electronically, there are no market makers or floor brokers. And, unlike
commodities or standard futures, there is virtually no chance of
manipulation, insider trading or any of the other problems that
occasionally affect other financial markets. But along with its many
advantages and abundant opportunities, E-mini trading brings an entirely
new set of challenges and potential pitfalls that can bedevil the best
laid plans of beginners and seasoned day traders alike.
extreme leverage and the intense participation they receive, the stock
index futures markets afford little time for traders to dwell on
technical conditions. Intraday volatility in the stock indices is far
more exaggerated than that reflected in the daily bar charts of other
markets. And positioning techniques that have proven reliable in
anticipating the actions of long-term trends in other instruments, fail
miserably when applied to the countertrend reactions of the highly
leveraged S&P futures contract within the shorter, intraday time
Author Will Scheier draws upon his decades of experience
as a highly successful day trader and trading educator to provide you
into four parts, the technical tools exposed in the first three parts
are eventually brought together into a cohesive whole in Part Four.
There, a special meaning is afforded to them when they arrive in the
confluence of pattern, price and time. In addition, once the identity of
completed trade entry models are established, Part Four of the book
then includes the blueprint for creating a Trade Plan, and enumerates
the rules necessary to conduct a business according to that Plan.
informative, practical, this reliable resource will put you in a prime
position to profit mightily in today's ever more volatile stock markets