{"product_id":"the-art-and-science-of-technical-analysis-isbn-9781118115121","title":"The Art and Science of Technical Analysis","description":"\u003cb\u003eA breakthrough trading book that provides powerful insights on profitable technical patterns and strategies\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eThe Art and Science of Technical Analysis\u003c\/i\u003e is a groundbreaking work that bridges the gaps between the academic view of markets, technical analysis, and profitable trading. The book explores why randomness prevails in markets most, but not all, of the time and how technical analysis can be used to capture statistically validated patterns in certain types of market conditions. The belief of the book is that buying and selling pressure causes patterns in prices, but that these technical patterns are only effective in the presence of true buying\/selling imbalance.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe Art and Science of Technical Analysis\u003c\/i\u003e is supported by extensive statistical analysis of the markets, which will debunk some tools and patterns such as Fibonacci analysis, and endorse other tools and trade setups. In addition, this reliable resource discusses trader psychology and trader learning curves based on the author's extensive experience as a trader and trainer of traders.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers serious traders a way to think about market problems, understand their own performance, and help find a more productive path forward\u003c\/li\u003e \u003cli\u003eIncludes extensive research to validate specific money-making patterns and strategies\u003c\/li\u003e \u003cli\u003eWritten by an experienced market practitioner who has trained and worked with many top traders\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with in-depth insights and practical advice, \u003ci\u003eThe Art and Science of Technical Analysis\u003c\/i\u003e will give you a realistic sense of how markets behave, when and how technical analysis works, and what it really takes to trade successfully.\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I The Foundation of Technical Analysis\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Trader’s Edge 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefining a Trading Edge 4\u003c\/p\u003e \u003cp\u003eFinding and Developing Your Edge 7\u003c\/p\u003e \u003cp\u003eGeneral Principles of Chart Reading 8\u003c\/p\u003e \u003cp\u003eIndicators 12\u003c\/p\u003e \u003cp\u003eThe Two Forces: Toward a New Understanding of Market Action 13\u003c\/p\u003e \u003cp\u003ePrice Action and Market Structure on Charts 15\u003c\/p\u003e \u003cp\u003eCharting by Hand 28\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Market Cycle and the Four Trades 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWyckoff’s Market Cycle 32\u003c\/p\u003e \u003cp\u003eThe Four Trades 40\u003c\/p\u003e \u003cp\u003eSummary 45\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Market Structure\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 On Trends 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Fundamental Pattern 49\u003c\/p\u003e \u003cp\u003eTrend Structure 51\u003c\/p\u003e \u003cp\u003eA Deeper Look at Pullbacks: The Quintessential Trend Trading Pattern 65\u003c\/p\u003e \u003cp\u003eTrend Analysis 77\u003c\/p\u003e \u003cp\u003eSummary 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 On Trading Ranges 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSupport and Resistance 97\u003c\/p\u003e \u003cp\u003eTrading Ranges as Functional Structures 113\u003c\/p\u003e \u003cp\u003eSummary 120\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Interfaces between Trends and Ranges 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBreakout Trade: Trading Range to Trend 122\u003c\/p\u003e \u003cp\u003eTrend to Trading Range 134\u003c\/p\u003e \u003cp\u003eTrend to Opposite Trend (Trend Reversal) 137\u003c\/p\u003e \u003cp\u003eTrend to Same Trend (Failure of Trend Reversal) 143\u003c\/p\u003e \u003cp\u003eSummary 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Trading Strategies\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Practical Trading Templates 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFailure Test 150\u003c\/p\u003e \u003cp\u003ePullback, Buying Support or Shorting Resistance 154\u003c\/p\u003e \u003cp\u003ePullback, Entering Lower Time Frame Breakout 162\u003c\/p\u003e \u003cp\u003eTrading Complex Pullbacks 165\u003c\/p\u003e \u003cp\u003eThe Anti 170\u003c\/p\u003e \u003cp\u003eBreakouts, Entering in the Preceding Base 174\u003c\/p\u003e \u003cp\u003eBreakouts, Entering on First Pullback Following 181\u003c\/p\u003e \u003cp\u003eFailed Breakouts 183\u003c\/p\u003e \u003cp\u003eSummary 186\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Tools for Confirmation 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Moving Average—The Still Center 190\u003c\/p\u003e \u003cp\u003eChannels: Emotional Extremes 195\u003c\/p\u003e \u003cp\u003eIndicators: MACD 202\u003c\/p\u003e \u003cp\u003eMultiple Time Frame Analysis 213\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Trade Management 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePlacing the Initial Stop 232\u003c\/p\u003e \u003cp\u003eSetting Price Targets 235\u003c\/p\u003e \u003cp\u003eActive Management 240\u003c\/p\u003e \u003cp\u003ePortfolio Considerations 251\u003c\/p\u003e \u003cp\u003ePractical Issues 253\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Risk Management 263\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk and Position Sizing 263\u003c\/p\u003e \u003cp\u003eTheoretical Perspectives on Risk 279\u003c\/p\u003e \u003cp\u003eMisunderstood Risk 282\u003c\/p\u003e \u003cp\u003ePractical Risks in Trading 283\u003c\/p\u003e \u003cp\u003eSummary 290\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Trade Examples 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTrend Continuation 293\u003c\/p\u003e \u003cp\u003eTrend Termination 313\u003c\/p\u003e \u003cp\u003eFailure Test Failures 319\u003c\/p\u003e \u003cp\u003eTrading Parabolic Climaxes 323\u003c\/p\u003e \u003cp\u003eThe Anti 327\u003c\/p\u003e \u003cp\u003eTrading at Support and Resistance 336\u003c\/p\u003e \u003cp\u003eSummary 343\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV The Individual, Self-Directed Trader\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 The Trader’s Mind 347\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePsychological Challenges of the Marketplace 348\u003c\/p\u003e \u003cp\u003eEvolutionary Adaptations 349\u003c\/p\u003e \u003cp\u003eCognitive Biases 353\u003c\/p\u003e \u003cp\u003eThe Random Reinforcement Problem 356\u003c\/p\u003e \u003cp\u003eEmotions: The Enemy Within 357\u003c\/p\u003e \u003cp\u003eIntuition 360\u003c\/p\u003e \u003cp\u003eFlow 364\u003c\/p\u003e \u003cp\u003ePractical Psychology 367\u003c\/p\u003e \u003cp\u003eSummary 372\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Becoming a Trader 375\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Process 376\u003c\/p\u003e \u003cp\u003eRecord Keeping 385\u003c\/p\u003e \u003cp\u003eStatistical Analysis of Trading Results 388\u003c\/p\u003e \u003cp\u003eSummary 397\u003c\/p\u003e \u003cp\u003eAppendix A Trading Primer 399\u003c\/p\u003e \u003cp\u003eAppendix B A Deeper Look at Moving Averages and the MACD 409\u003c\/p\u003e \u003cp\u003eAppendix C Sample Trade Data 425\u003c\/p\u003e \u003cp\u003eGlossary 427\u003c\/p\u003e \u003cp\u003eBibliography 443\u003c\/p\u003e \u003cp\u003eAbout the Author 447\u003c\/p\u003e \u003cp\u003eIndex 449\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eADAM GRIMES\u003c\/b\u003e is the CIO of Waverly Advisors, an asset management and risk advisory firm headquartered in New York. He began his career as an independent trader focused on agricultural and currency futures, and moved on to manage a successful private investment partnership. Grimes's experience as a trader covers futures, equities, currencies, and derivatives, in time frames ranging from intraday to multi-month swings. Though he is primarily a discretionary swing trader, his methodology rests on a firm foundation of statistical and quantitative research. Grimes holds an MBA with an emphasis in finance and market microstructure, and has worked for a number of private investment firms, as well as having spent several years at the New York Mercantile Exchange.   \u003c\/p\u003e\u003cp\u003eTrading is a tough endeavor. And while it's difficult to derive a method that generates superior risk-adjusted profits in today's extremely competitive markets, it's even harder to successfully apply such a method in actual trading. The approach found in \u003ci\u003eThe Art and Science of Technical Analysis\u003c\/i\u003e—one which, in many ways, challenges the traditional thinking of technical analysis—can help you achieve this goal.  \u003c\/p\u003e\u003cp\u003eWritten in a straightforward and accessible style, this book breaks away from many of the standard trading books that have come before it. \u003ci\u003eThe Art and Science of Technical Analysis\u003c\/i\u003e doesn't detail a rigid system to be strictly followed, nor does it present a group of setups and patterns that can be quickly assembled by a trader. Rather, it provides comprehensive coverage of the issues you need to be aware of in order to capture consistent profits from technically motivated, directional trading.  \u003c\/p\u003e\u003cp\u003eBased on nearly two decades of author Adam Grimes's experience as a trader, analyst, and systems developer, this reliable resource contains valuable insights for both individual and institutional traders, and has been designed with both established and aspiring traders in mind. Divided into four informative parts, it skillfully: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eExplores some of the probability theory supporting the concepts of successful trading, examines a specific approach to chart reading that builds the foundation for a deep intuition about price patterns in markets, and provides an overview of the Wyckoff market cycle\u003c\/li\u003e \u003cli\u003eOffers an in-depth look at the underlying foundation of price movements through coverage of trends, trading ranges, and the transitions from one to the other\u003c\/li\u003e \u003cli\u003eOutlines specific trading patterns and examples of those patterns; advocates a specific way of looking at indicators and other confirming factors; addresses the importance of sizing trades and managing positions; and calls attention to the various risks associated with trading\u003c\/li\u003e \u003cli\u003eFocuses on the elements of trader psychology, from cognitive biases to issues of emotional control, and lays out the challenges that developing traders usually face\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eRounding out this discussion are three information-packed appendices. The first is a trading primer that will be useful for developing traders or managers who don't have a familiarity with the language used by traders. The second expands on some specific details and quirks of moving averages, the MACD, which are used extensively in other sections of the book. And the last appendix contains a list of trade data used in the performance analysis found in Part Four.  \u003c\/p\u003e\u003cp\u003eWhat you need to succeed in today's markets is a verifiable edge. \u003ci\u003eThe Art and Science of Technical Analysis\u003c\/i\u003e will give you that edge and put you in a better position to improve your overall trading performance.\t   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTHE ART AND SCIENCE OF TECHNICAL ANALYSIS\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003eThis book, written for both the self-directed and institutional trader, explores the tools and techniques of discretionary trading—the art of trading. Not just a collection of trading patterns and ideas, this is a book that looks deeply into the art of technical analysis, and gives traders the tools and techniques they need to profit in today's competitive marketplace. \u003c\/p\u003e\u003cp\u003eDivided into four informative parts, this reliable guide shows traders how to incorporate a rigorously researched trading methodology into a discretionary framework. Along the way, you'll learn a method of looking at charts that focuses on the supply\/demand dynamics that move all markets, specific trading patterns the author has used profitably for over a decade, and psychological techniques to deal with the stresses of trading. You will also come to a new understanding of the role risk management and position sizing play in the trading process, and dive into the path of growth and trader development that leads a trader from beginner to professional. \u003c\/p\u003e\u003cp\u003eCreated with the serious trader in mind—whether individual or institutional—\u003ci\u003eThe Art and Science of Technical Analysis \u003c\/i\u003eputs the author's approach in perspective and will put you on a path to consistent profits. Topics covered throughout the book include everything from the foundations of technical analysis and market structure to trading strategies, indicators and other confirming factors, sizing trades and managing positions, and tips for evaluating your performance and growth as a trader. \u003c\/p\u003e\u003cp\u003eEngaging and accessible,\u003ci\u003e The Art and Science of Technical Analysis\u003c\/i\u003e—along with its informative appendices—will give you the edge needed to improve your trading endeavors.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990159769829,"sku":"NP9781118115121","price":98.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118115121.jpg?v=1761786732","url":"https:\/\/k12savings.com\/es\/products\/the-art-and-science-of-technical-analysis-isbn-9781118115121","provider":"K12savings","version":"1.0","type":"link"}