{"product_id":"abletrend-isbn-9780470581209","title":"AbleTrend","description":"\u003cb\u003eA worldwide leader in financial trading software shares one of its most successful systems\u003c\/b\u003e  \u003cp\u003eIn \u003ci\u003eAbleTrend\u003c\/i\u003e, Dr. John Wang discloses for the first time, the fundamental principles behind his bestselling and award-winning trading system, AbleTrend signals. Sophisticated in scope, yet written in a way that any trader can understand, this book skillfully presents the theory behind this award-winning system.\u003c\/p\u003e \u003cp\u003eThis reliable resource presents the logic of a proven system that reveals the direction of a trend at its early stage in all markets-stocks, commodities, foreign currencies, ETFs, e-Minis, and mutual funds. It also identifies objective, automatic buy\/sell\/stop signals, helping you manage risk, make rational trading decisions, and eliminate the guesswork.\u003c\/p\u003e \u003cul\u003e \u003cli\u003ePinpoint when market trends start and end, and where the key support and resistance are\u003c\/li\u003e \u003cli\u003eIt's universal-applied to any market and any time chart\u003c\/li\u003e \u003cli\u003eApplications are offered with over 20 real-market case studies\u003c\/li\u003e \u003cli\u003eAbleTrend confidential seminar costs $2,000, now you may get the secrets from this book\u003c\/li\u003e \u003cli\u003eAbleTrend was developed by a recognized authority and expert trading system developer\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eAbleTrend\u003c\/i\u003e presents innovative decision-making trading concepts that will allow ordinary traders to identify market trends and seek profits from them.\u003c\/p\u003e \u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eWhat You Will Find in the Book xv\u003c\/p\u003e \u003cp\u003eWhat You Will Find on the Web Site xvi\u003c\/p\u003e \u003cp\u003eDisclaimer xvii\u003c\/p\u003e \u003cp\u003eAs You Begin xvii\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 The Search for a Universal Market Law: The Rise of Able Trend 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eComplete Chaos or Hidden Order? 1\u003c\/p\u003e \u003cp\u003eWhen My Interest in Trading Began 5\u003c\/p\u003e \u003cp\u003eA Scientific Antidote to Arbitrary Market Predictions 6\u003c\/p\u003e \u003cp\u003eFirst Steps: Becoming an EasyLanguage System Developer 7\u003c\/p\u003e \u003cp\u003eThe Trend: Foe or Friend? 7\u003c\/p\u003e \u003cp\u003eThe Fundamental Approach 8\u003c\/p\u003e \u003cp\u003eThe Dream of a Universal Early-Trend Indicator 9\u003c\/p\u003e \u003cp\u003eCould the Laws of Natural Sciences Also Govern the Financial Markets? 10\u003c\/p\u003e \u003cp\u003eThe Birth of AbleTrend 10\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Advances in Market Trend Analysis 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a Trend? 14\u003c\/p\u003e \u003cp\u003eThe Setup of a Trend 16\u003c\/p\u003e \u003cp\u003eMaturity of a Trend 18\u003c\/p\u003e \u003cp\u003eDrawing Trendlines 24\u003c\/p\u003e \u003cp\u003eSupport and Resistance 29\u003c\/p\u003e \u003cp\u003eThe Market Defines Support and Resistance 30\u003c\/p\u003e \u003cp\u003eHow Common Methods Define Support\/Resistance Levels 30\u003c\/p\u003e \u003cp\u003eHow AbleTrend Defines Support and Resistance Levels 32\u003c\/p\u003e \u003cp\u003eAbleTrend Indicators 37\u003c\/p\u003e \u003cp\u003eOther Trend-Following Indicators 40\u003c\/p\u003e \u003cp\u003eMarket Indications 46\u003c\/p\u003e \u003cp\u003eThree Rules for Following Trends 49\u003c\/p\u003e \u003cp\u003eThe Golden Region of Entry: The Sweet Spot 50\u003c\/p\u003e \u003cp\u003eTime, Price, Forecasts, Predictions, and Targets 54\u003c\/p\u003e \u003cp\u003eCycles and Waves 57\u003c\/p\u003e \u003cp\u003eSummary 59\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Four Elements of Trading Success 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProfitable Trading Systems and Methods 62\u003c\/p\u003e \u003cp\u003eAdequate Capitalization 67\u003c\/p\u003e \u003cp\u003eMoney Management Strategy 70\u003c\/p\u003e \u003cp\u003eDiscipline or a Winning Trading Psychology 80\u003c\/p\u003e \u003cp\u003eConclusion 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Essential Philosophy of Trend Trading 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWisdom of the Tao 87\u003c\/p\u003e \u003cp\u003eTrading Is a Business 98\u003c\/p\u003e \u003cp\u003eOnly Trend Following Works 100\u003c\/p\u003e \u003cp\u003eDon’t Trade Against the Market 105\u003c\/p\u003e \u003cp\u003eWhich Market Is the Most Tradable and Why? 107\u003c\/p\u003e \u003cp\u003eWhy Voting Systems Do Not Work 110\u003c\/p\u003e \u003cp\u003eWhy $500 or 5 Percent Stops Do Not Work 110\u003c\/p\u003e \u003cp\u003eWhy the Winning Rate Is Not Important 111\u003c\/p\u003e \u003cp\u003eWhy You Cannot Pick a Top or Bottom 112\u003c\/p\u003e \u003cp\u003eHow to Let Profits Run 113\u003c\/p\u003e \u003cp\u003eHow to Cut Losses Short 113\u003c\/p\u003e \u003cp\u003eGo the Opposite Way of the Majority 115\u003c\/p\u003e \u003cp\u003eTrade Only the Risk Capital that You Can Afford to Lose 118\u003c\/p\u003e \u003cp\u003eIf You Want to Win, Think About Loss 118\u003c\/p\u003e \u003cp\u003ePlace Yourself beyond the Possibility of Defeat 119\u003c\/p\u003e \u003cp\u003eTrading Is the Most Difficult Thing in the World 120\u003c\/p\u003e \u003cp\u003eConclusion 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 The Applications 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is the “Winning Framework” for a Trading System? 123\u003c\/p\u003e \u003cp\u003eSTM Method—Buy on Blue and Sell on Red 128\u003c\/p\u003e \u003cp\u003eEvaluate a Trading System: Back-Testing 134\u003c\/p\u003e \u003cp\u003eFour Important Issues for Parameter Settings 140\u003c\/p\u003e \u003cp\u003eAbleTrend2 Stops 144\u003c\/p\u003e \u003cp\u003eThe Sweet Spot—Golden Region of Entry 147\u003c\/p\u003e \u003cp\u003eFinding the Character of a Particular Market 150\u003c\/p\u003e \u003cp\u003eTrend Time Frames 151\u003c\/p\u003e \u003cp\u003eAvoid Choppy Markets 154\u003c\/p\u003e \u003cp\u003eBreakout or Retracement 162\u003c\/p\u003e \u003cp\u003eDay Trading versus Swing Trading 166\u003c\/p\u003e \u003cp\u003eIn Conclusion: The Five F’s of Designing a Trading System 166\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Examples of Trend Analysis 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStocks 169\u003c\/p\u003e \u003cp\u003eCommodities 178\u003c\/p\u003e \u003cp\u003eThe E-Minis 189\u003c\/p\u003e \u003cp\u003eForex 199\u003c\/p\u003e \u003cp\u003eBonds 205\u003c\/p\u003e \u003cp\u003eConclusion 210\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Advanced AbleTrend Tools 211\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVirtual Paper Trading (VPT) 211\u003c\/p\u003e \u003cp\u003eHistorical Forward Testing 213\u003c\/p\u003e \u003cp\u003eAutoScan 216\u003c\/p\u003e \u003cp\u003eThe Percent Charts 218\u003c\/p\u003e \u003cp\u003eThe Guidance Charts 219\u003c\/p\u003e \u003cp\u003eStock Search Engine—Stock Picks 220\u003c\/p\u003e \u003cp\u003eVisual or Chart Trading 222\u003c\/p\u003e \u003cp\u003eAutomated Trading Orders 224\u003c\/p\u003e \u003cp\u003eOptions Trading 224\u003c\/p\u003e \u003cp\u003eSpread Trading 226\u003c\/p\u003e \u003cp\u003ePortfolio Trading 227\u003c\/p\u003e \u003cp\u003eSummary 237\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAPPENDIX A Interviews with AbleTrend Users 239\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJohn Meyer 239\u003c\/p\u003e \u003cp\u003eBob Seifert 242\u003c\/p\u003e \u003cp\u003eHarvey Saff 244\u003c\/p\u003e \u003cp\u003eGerry Wollert 245\u003c\/p\u003e \u003cp\u003eMike Weingart 246\u003c\/p\u003e \u003cp\u003eAlex Kuan 247\u003c\/p\u003e \u003cp\u003eRemco Eenink 249\u003c\/p\u003e \u003cp\u003eChris Anthony 251\u003c\/p\u003e \u003cp\u003eJim Kane 253\u003c\/p\u003e \u003cp\u003eDavid Fawkes 254\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAPPENDIX B Quick Reference for STM 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSTM Trading Method 257\u003c\/p\u003e \u003cp\u003eReferences 261\u003c\/p\u003e \u003cp\u003eAbout the Authors 263\u003c\/p\u003e \u003cp\u003eIndex 265\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJohn Wang\u003c\/b\u003e (Hayward, CA) is co-founder, chairman, and CEO of AbleSys. He co-founded AbleSys Corp. in 1994, and created the Spyglass Trading system in 1992, ASCTrend indicators in 1995, and developed the eASCTrend trading system in 2000. AbleTrend 7.0 was launched in 2000. Dr. Wang holds a B.S. in chemical physics from the University of Sciences and Technologies of China (USTC), an MS in quantum chemistry from Zhongshan University, and a Ph.D. in major physical chemistry from University of California Santa Cruz where he was awarded a Regents Fellowship. His research has been published in top scientific journals including Chemical Physics Letter and the Journal of Physical Chemistry, among others. He was a senior and chief scientist at TeloSense Corp. Dr. Wang began trading commodities in 1990 and is an active trader today, registered as a CTA (Commodity Trading Advisor. Dr. Wang's extensive backgrounds in both trading and natural science make him uniquely qualified to create and test computerized trading systems.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGrace Wang\u003c\/b\u003e (Hayward, CA) is vice president of AbleSys and received an MA in sports psychology in 1987 from California State University Sacremento, and an MA in physical education and gymnastics from Shanghai Institute of Physical Education in 1981. Grace became a CTA in 1995 and has been a frequent panel speaker at financial trade shows since 1999.\u003c\/p\u003e   \u003cp\u003e\u003cb\u003ePraise for A\u003csmall\u003eBLE\u003c\/small\u003eT\u003csmall\u003eREND\u003c\/small\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"We all know that developing a stable trading system takes a lot of work. But how much is a lot of work? After reading \u003ci\u003eAbleTrend,\u003c\/i\u003e you will have an idea of how much time and commitment authors John and Grace Wang had to put into developing their trading system, AbleTrend. What you gain from reading this book is an understanding of the important elements that make a great trading system.\" \u003cbr\u003e—\u003cb\u003eJAYANTHI GOPALAKRISHNAN,\u003c\/b\u003e Editor of \u003ci\u003eTechnical Analysis of Stocks \u0026amp; Commodities\u003c\/i\u003e magazine \u003c\/p\u003e\u003cp\u003e\"This book does an excellent job in explaining the concepts and benefits of how and why trading systems and money management are vital for today's investors. Do not miss reading the significance of and requirements for proper risk management, which is provided in these pages. This book gives innovative money management strategies and formulas which could certainly level the playing field for novice traders who are competing against high-profile money managers. This book not only will help all traders, but it could certainly bridge the gap to what may be the missing piece in any trader's game plan.\" \u003cbr\u003e—\u003cb\u003eJOHN PERSON,\u003c\/b\u003e author of \u003ci\u003eA Complete Guide to Technical Trading Tactics, Candlestick and Pivot Point Trading Triggers,\u003c\/i\u003e and \u003ci\u003eForex Conquered;\u003c\/i\u003e founder of Nationalfutures.com \u003c\/p\u003e\u003cp\u003e\"If you trade and want to learn the art and science behind an award-winning trading system, then this book is for you. John and Grace Wang provide an in-depth look into trend analysis, and they cover clearly defined rules for trading their system via AbleTrend scanning and charting software, powered by eSignal real-time data. This book offers valuable new insights on trend analysis that you will find useful.\"  \u003cbr\u003e—\u003cb\u003eJULIE CRAIG,\u003c\/b\u003e Vice President of Marketing for eSignal \u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eAbleTrend\u003c\/i\u003e shows me how to trade with precise accuracy and elegant simplicity. One additional very important thing: \u003ci\u003eAbleTrend\u003c\/i\u003e helps one to control one's emotions and (often wrong) 'gut' feelings about the patterns. \u003ci\u003eAbleTrend\u003c\/i\u003e gives one confidence to enter and exit positions. \u003ci\u003eAbleTrend\u003c\/i\u003e gives one confidence to STAY IN a position.\" \u003cbr\u003e—\u003cb\u003eD\u003csmall\u003eR\u003c\/small\u003e. JOHN MEYER,\u003c\/b\u003e Physician and AbleTrend user \u003c\/p\u003e\u003cp\u003e\"I have great confidence in \u003ci\u003eAbleTrend\u003c\/i\u003e to help my trading in the coming years.\" \u003cbr\u003e—\u003cb\u003eROBERT J. SEIFERT,\u003c\/b\u003e Professional trader for thirty years, fund manager, and AbleTrend user\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988651196645,"sku":"NP9780470581209","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470581209.jpg?v=1761781119","url":"https:\/\/k12savings.com\/products\/abletrend-isbn-9780470581209","provider":"K12savings","version":"1.0","type":"link"}