A Short Course in Technical Trading

Learn to trade using technical analysis, market indicators, simple portfolio analysis, generally successful trading techniques, and common sense with this straightforward, accessible book. Essentially a course in making money, A Short Course in Technical Trading teaches proven long- and short-term trading techniques (with an emphasis on short-term), covering basic indicators and how you can best use them to your advantage.

The book includes a trading game so you can trade along with the lessons, posing likely problems that you'll encounter once trading begins. As trading becomes more complicated, so do the problems..

You'll get a running start as a trader with usage tips on the most popular trading tools. A Short Course in Technical Trading is unlike any other book on the market and is available at a convenient low price.

"A Short Course in Systematic Trading" - Jetzt erscheint der Klassiker in der 4. aktualisierten Auflage.

Dieser praxisorientierte Lernleitfaden bietet eine Fülle wichtiger Handelsinformationen - ideal für Neueinsteiger.

Er erläutert genau, wie man die Technische Analyse, Marktindikatoren, die Portfolioanalyse, allgemein erfolgreiche Handelstechniken sowie gesunden Menschenverstand beim Handeln einsetzt.

Hier lernen Sie alles über bewährte Handelstechniken im Bereich kurz- und langfristiger Positionen sowie über Basisindikatoren, und wie man diese am besten und effektivsten einsetzt.

Mit nützlichen Tipps zur Anwendung der populärsten Trading Tools.

Enthält ein Trading Game, mit dem der Leser zu den jeweiligen Lektionen seine Handelsfähigkeiten testen kann. Er wird dabei mit Problemen konfrontiert, die beim Handelsbeginn auftreten können, wobei die Problemstellungen mit fortschreitender Handelssituation immer komplexer werden.

Autor Perry Kaufman ist ein renommierter Experte, der im Bereich Handel und Marktanalyse über langjährige Erfahrung verfügt.

"A Short Course in Systematic Trading" - ein umfassender Leitfaden zu einem sehr attraktiven Preis.

Preface vii

Acknowledgments ix

1. Timing Is Everything 1

2. Charting the Trend 18

3. Breakout Trends 36

4. Calculating the Trend 51

5. The Trading Game 78

6. Channels and Bands 91

7. Event-Driven Trends 107

8. Controlling the Risk of a Trade 118

9. One-Day Chart Patterns and Reversals 130

10. Continuation Patterns 145

11. Top and Bottom Formations 153

12. Retracements, Reversals, Fibonacci Numbers, and Gann 167

13. Volume, Breadth, and Open Interest 180

14. Momentum and MACD 199

15. Overbought/Oversold Indicators and Double Smoothing 213

16. Managing Your Entry and Exit 235

17. Volatility and Portfolio Management 243

18. Dow Theory 262

Review Questions 275

Answers to Chapter Questions 287

Review Answers 307

Index 317

PERRY J. KAUFMAN is a leading expert in trading systems and the developer of successful investment programs for over thirty years. He is actively involved in the practical analysis needed to support international investment management. Kaufman is the author of Trading Systems and Methods, 3rd Edition (Wiley) as well as eight other books. He has published numerous articles in Technical Analysis of Stocks & Commodities, Futures Industry, and Futures magazine. This book is the result of a graduate course taught at Baruch College in the Spring of 2002. Mr. Kaufman can be reached at pjk@perrykaufman.com.

A one-of-a-kind guide to technical trading

"In trading, timing is everything, and now is the time to read this excellent and easy-to-follow book on technical trading systems by Perry Kaufman. He shares his trading tips, insights, and sound advice. He takes you from his rules on price to the recognition of trends and the importance of breakouts. Enjoy this book and find out why trading systems work and which ones work the best."
–Ralph J. Acampora, CMT
Director of Technical Research, Prudential Securities, Inc.

"Investors and traders who have been battered by the markets in recent years may find themselves saying, ‘There must be a better way.’ There is: systematic trading. In this timely book Perry Kaufman provides an excellent introduction to the world of systematic trading, where rules–not emotions–rule."
–John Bollinger, CFA, CMT
Founder, www.BollingerBands.com

"This book is a terrific basic text for those who are looking for a clear and concise introduction to technical analysis. Of great value are the personal insights of the author, a noted authority on the development of trading systems."
–David Krell, President and CEO
International Securities Exchange, Inc.