{"product_id":"high-probability-trade-setups-isbn-9781118022252","title":"High-Probability Trade Setups","description":"\u003cb\u003eA comprehensive volume of today's most profitable trade set-ups\u003c\/b\u003e  \u003cp\u003eA key element of trading is identifying situations in the financial markets that can produce a profitable trade. Fundamental analysts search for situations where a stock is undervalued or if a stock's prospective earnings growth is underestimated by a majority of investors. Technical analysts look at patterns in the market that historically indicate the direction of the markets next move. \u003ci\u003eHigh Probability Trade Set-Ups\u003c\/i\u003e catalogs the best trading situations from a variety of technical approaches.\u003c\/p\u003e \u003cp\u003eEngaging and informative, \u003ci\u003eHigh Probability Trade Set-Ups\u003c\/i\u003e provides a detailed explanation of twenty powerful, recurring tradable situations in the financial markets. Each pattern is thoroughly described, including its strengths and drawbacks, ease of identification, and the degree to which it produces profitable trades. Most importantly, the author provides entry and exit points for each set up. Examples of the set-ups include chart patterns such as ascending triangles, diamonds, gaps, pennants, and channels.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eFeatures many new technical tools for tracking individual stocks\u003c\/li\u003e \u003cli\u003eContains a resource guide, which will help to monitor the market for the trade set-ups discussed throughout the book\u003c\/li\u003e \u003cli\u003eReveals how to use ProphetCharts to perform advanced intermarket technical studies and identify the best opportunities\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten in a straightforward and accessible style, \u003ci\u003eHigh Probability Trade Set-Ups\u003c\/i\u003e covers a lot of ground with respect to this approach and shows you how to use it to make the most of your time in today's dynamic markets.\u003c\/p\u003e \u003cp\u003eAbout the Author xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I An Overview 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 A Primer on Chart Setups 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Bulls versus the Bears 4\u003c\/p\u003e \u003cp\u003eWhy Is a Prediction Valuable? 4\u003c\/p\u003e \u003cp\u003eAWordonShorting 6\u003c\/p\u003e \u003cp\u003eSupport and Resistance 7\u003c\/p\u003e \u003cp\u003eWhat Happens When Prices Punch Through? 8\u003c\/p\u003e \u003cp\u003eHistory Repeats Itself 11\u003c\/p\u003e \u003cp\u003eWhen Patterns Work Together 13\u003c\/p\u003e \u003cp\u003eHow to Use This Book 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 My Personal Trading Journey 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEarliest Interest in the Markets 15\u003c\/p\u003e \u003cp\u003eBeginning with the Crash 16\u003c\/p\u003e \u003cp\u003eTechnical Tools 17\u003c\/p\u003e \u003cp\u003eProphet’s Beginning 18\u003c\/p\u003e \u003cp\u003eThe Internet Makes Its Appearance 18\u003c\/p\u003e \u003cp\u003eEnter Alex and JavaCharts 19\u003c\/p\u003e \u003cp\u003eProject Kandinsky 21\u003c\/p\u003e \u003cp\u003eThe Slope of Hope 22\u003c\/p\u003e \u003cp\u003eLessons Learned 22\u003c\/p\u003e \u003cp\u003eProphetCharts Lives 23\u003c\/p\u003e \u003cp\u003eThe Three Steps 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II The Patterns 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Ascending Triangles 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 33\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 35\u003c\/p\u003e \u003cp\u003eExamples 35\u003c\/p\u003e \u003cp\u003eSummary 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Ascending Wedges 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 45\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 47\u003c\/p\u003e \u003cp\u003eExamples 47\u003c\/p\u003e \u003cp\u003eSummary 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Channels 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 55\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 57\u003c\/p\u003e \u003cp\u003eExamples 57\u003c\/p\u003e \u003cp\u003eSummary 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Cup with Handle 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 69\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 70\u003c\/p\u003e \u003cp\u003eExamples 72\u003c\/p\u003e \u003cp\u003eLonger-Term Examples 75\u003c\/p\u003e \u003cp\u003eSummary 79\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Descending Triangles 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 81\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 83\u003c\/p\u003e \u003cp\u003eExamples 83\u003c\/p\u003e \u003cp\u003eSummary 89\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Descending Wedges 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 91\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 92\u003c\/p\u003e \u003cp\u003eExamples 93\u003c\/p\u003e \u003cp\u003eSummary 102\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Diamonds 103\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 103\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 105\u003c\/p\u003e \u003cp\u003eExamples 105\u003c\/p\u003e \u003cp\u003eSummary 110\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Fibonacci Fans 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 111\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 113\u003c\/p\u003e \u003cp\u003eExamples 114\u003c\/p\u003e \u003cp\u003eSummary 126\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Fibonacci Retracements 129\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 130\u003c\/p\u003e \u003cp\u003eExamples 132\u003c\/p\u003e \u003cp\u003eSummary 139\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Flags 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 141\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 142\u003c\/p\u003e \u003cp\u003eExamples 143\u003c\/p\u003e \u003cp\u003eSummary 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Gaps 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 155\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 157\u003c\/p\u003e \u003cp\u003eExamples 158\u003c\/p\u003e \u003cp\u003eSummary 174\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Head and Shoulders 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 175\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 176\u003c\/p\u003e \u003cp\u003eThe Importance of the Neckline 177\u003c\/p\u003e \u003cp\u003eExamples 178\u003c\/p\u003e \u003cp\u003eSummary 197\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Inverted Head and Shoulders 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 199\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 201\u003c\/p\u003e \u003cp\u003eThe Importance of the Neckline 202\u003c\/p\u003e \u003cp\u003eExamples 202\u003c\/p\u003e \u003cp\u003eSummary 215\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Multiple Bottoms 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 217\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 219\u003c\/p\u003e \u003cp\u003eExamples 220\u003c\/p\u003e \u003cp\u003eSummary 230\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Multiple Tops 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 231\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 233\u003c\/p\u003e \u003cp\u003eExamples 233\u003c\/p\u003e \u003cp\u003eSummary 241\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Pennants 243\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 243\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 244\u003c\/p\u003e \u003cp\u003eExamples 245\u003c\/p\u003e \u003cp\u003eSummary 253\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Rounded Bottoms 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 255\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 256\u003c\/p\u003e \u003cp\u003eExamples 257\u003c\/p\u003e \u003cp\u003eSummary 265\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20 Rounded Tops 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 267\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 269\u003c\/p\u003e \u003cp\u003eExamples 270\u003c\/p\u003e \u003cp\u003eSummary 278\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21 Support Failure 279\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition of the Pattern 279\u003c\/p\u003e \u003cp\u003ePsychology behind the Pattern 280\u003c\/p\u003e \u003cp\u003eExamples 281\u003c\/p\u003e \u003cp\u003eSummary 299\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22 Automatic Patterns 301\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePatterns in ProphetCharts 302\u003c\/p\u003e \u003cp\u003eWorking with the Results 307\u003c\/p\u003e \u003cp\u003ePattern Failures 314\u003c\/p\u003e \u003cp\u003ePutting the Patterns to Work 315\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Trading and You 317\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23 Setting Stops 319\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGeneral Guidelines 319\u003c\/p\u003e \u003cp\u003eBelow Support 320\u003c\/p\u003e \u003cp\u003eAbove Resistance 320\u003c\/p\u003e \u003cp\u003eAbove Trendline 321\u003c\/p\u003e \u003cp\u003eBelow Trendline 321\u003c\/p\u003e \u003cp\u003eMost Recent Low 322\u003c\/p\u003e \u003cp\u003eMost Recent High 322\u003c\/p\u003e \u003cp\u003eSpecial Cases 323\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24 On Being a Bear 325\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Philosophy of Shorting 325\u003c\/p\u003e \u003cp\u003ePractical Guide to Short Selling 326\u003c\/p\u003e \u003cp\u003eExchange-Traded Funds 328\u003c\/p\u003e \u003cp\u003ePuts for Leveraged Profits 330\u003c\/p\u003e \u003cp\u003eThe Philosophy of Shorting 332\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25 A Guide to Real-Life Trading 337\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTrading Rules 337\u003c\/p\u003e \u003cp\u003eHow to Open a Position 338\u003c\/p\u003e \u003cp\u003eHow to Hold a Position 341\u003c\/p\u003e \u003cp\u003eHow to Close a Position 343\u003c\/p\u003e \u003cp\u003eTime and Money 343\u003c\/p\u003e \u003cp\u003eThere Is No Holy Grail 344\u003c\/p\u003e \u003cp\u003eClosing Thoughts 345\u003c\/p\u003e \u003cp\u003eIndex 347\u003c\/p\u003e \u003cb\u003eTimothy Knight\u003c\/b\u003e is the founder of Prophet Financial Systems (now owned by Ameritrade), which has been rated by \u003ci\u003eForbes\u003c\/i\u003e and \u003ci\u003eBarron's\u003c\/i\u003e as the number one online site for technical analysis. He also operates a highly successful trading blog, SlopeOfHope.com. Prior to starting Prophet.net, Knight was vice president of technology products for Montgomery Securities, where he helped develop PC-based trader workstations before the development of web trading. Knight has traded for more than twenty years, primarily using technical analysis and price charts. He is also the author of both editions of \u003ci\u003eChart Your Way to Profits\u003c\/i\u003e (Wiley).  A key element of trading is identifying situations in the financial markets that can produce profits. The technical analyst tends to achieve this goal by looking at patterns in the markets that historically indicate the direction of the markets' next move.  \u003cp\u003eAuthor Tim Knight—founder of Prophet Financial Systems and the popular blog SlopeOfHope.com—has been involved in trading for a quarter century, experiencing everything from the Internet boom and dot-com crash to the housing bubble and the Great Recession. For almost that entire time, he's successfully used charts and technical analysis as the basis for his investing decisions. Now, with \u003ci\u003eHigh-Probability Trade Setups\u003c\/i\u003e, he shows you how to do the same.\u003c\/p\u003e \u003cp\u003eDivided into three comprehensive parts, this reliable resource opens with an informative overview of chart setups and offers a solid introduction to the principles and philosophy of technical analysis. After providing you with a firm understanding of these essential issues, Knight turns his attention to the main focus of the book, which is historical price patterns, their results, and their nuances.\u003c\/p\u003e \u003cp\u003eChapter by chapter, Knight presents detailed explanations of twenty powerful patterns, using real-world examples that will help you understand their behavior and apply them to your everyday trading endeavors. Each chapter in Part Two of the book is structurally the same—introduction to a pattern, definition of the pattern, psychology behind the pattern, examples, and summary—so you can quickly gain valuable insights on patterns of particular interest to you. Some of the setups covered include chart patterns such as:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eAscending triangles and wedges\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eDiamonds\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eGaps\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eFibonacci fans\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003ePennants\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eHead and shoulders\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eChannels\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePart Three of this practical guide rounds out the discussion by outlining some critically important rules of today's trading road and sharing some valuable knowledge on short selling.\u003c\/p\u003e \u003cp\u003eMaking money in the market isn't easy, but it is possible. With \u003ci\u003eHigh-Probability Trade Setups\u003c\/i\u003e as your guide, you'll discover exactly what it takes to chart your way to more consistent and profitable trading.\u003c\/p\u003e  \u003cb\u003ePraise for HIGH-PROBABILITY TRADE SETUPS\u003c\/b\u003e  \u003cp\u003e\"Technical analysis, in Tim Knight's way of thinking, is not just focusing on a chart and drawing lines. Rather, it's providing special market insight from years of trading. Tim's latest book makes me feel like I missed something in my own development as a trader and I want to learn more.\"\u003cbr\u003e —Tom Sosnoff, founder of thinkorswim.com and current CEO of tastytrade.com\u003c\/p\u003e \u003cp\u003e\"Technical price patterns give traders an edge in any market, but it is a technique that is full of nuances that can be challenging for new traders. \u003ci\u003eHigh-Probability Trade Setups\u003c\/i\u003e explains the patterns you need to understand, and fully explains the details of why they work the way they do. Tim Knight is uniquely qualified to provide the detail that is always just skimmed over by other authors. He is one of the pioneers of computerized and Internet charting and has been studying technical patterns as a market professional since before most of today's traders opened their first brokerage account. If you want to fully understand the process of using technical patterns to find and execute successful trades, then I couldn't recommend this book more enthusiastically.\"\u003cbr\u003e —John Jagerson, founder of LearningMarkets.com and author of All About Investing in Gold\u003c\/p\u003e \u003cp\u003e\"Tim's latest book shares his lifetime of knowledge with traders who appreciate and utilize charting and technical analysis as a critical component of developing and executing their trading strategies. With \u003ci\u003eHigh-Probability Trade Setups\u003c\/i\u003e, Tim adds another volume to what has become a living library of technical analysis for everyone from the beginning investor seeking an education as to the meaning of technical analysis to this latest edition which is for the more active—but still learning—trader who wants to understand the more sophisticated charting patterns and how to use them profitably. Tim lives, eats, and breathes technical analysis and charting, and I recommend this book to all investors.\"\u003cbr\u003e —Lee Barba, former CEO, Investools\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989362589925,"sku":"NP9781118022252","price":100.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118022252.jpg?v=1761783821","url":"https:\/\/k12savings.com\/products\/high-probability-trade-setups-isbn-9781118022252","provider":"K12savings","version":"1.0","type":"link"}