Technical Analysis Applications

Today's most easy-to-follow introduction to technical analysis—how it works, and how you can make it work for you

In today's fast-moving investment markets, traders and investors can't help but be curious about the documented success of technical analysis. Yet many find themselves put off by the mathematical density of books on the subject, and are falling back into the spray-and-pray style of investing without giving technical analysis a chance.

Technical Analysis Applications is a practical and results-oriented introduction to technical analysis and charting. One of the first books to make the topic both cohesive and understandable, this hands-on resource will provide you with:

• Strategies for using technical analysis in every market—stocks, bonds, futures, and currencies
• Explanations of which tools provide the most predictive value in various markets and trading environments
• Descriptions of how best to use different types of charts—candlestick, point and figure, line, and bar

Not even the best, most knowledgeable trader can make the right call every time, on every trade. But through technical analysis, it is definitely possible to increase your percentage of right calls. Let Technical Analysis Applications show you how to make technical analysis a profitable component of your trading program, and give you the tools you need to make accurate choices—instead of hopeful guesses—on every trade you make.

Ultra-fast, inexpensive computers and other technological breakthroughs have made technical analysis and the study of price behavior far more accurate and accessible than in the past. But while traders and investors looking for an edge are increasingly turning to chart analysis to increase their market understanding and overall confidence, they must still have a firm underpinning of knowledge if they are to prevent themselves from stumbling into mistakes that have cost dearly in the past.

Technical Analysis Applications is the one book that every trader should read to understand what technical analysis can do for their investing programs, what it cannot do, and how to use technical analysis and charting to understand and act on market tendencies in a wide variety of situations. Written to help anyone take the guesswork out of the trading day, and replace it with the confidence that comes from understanding what has happened and why, this results-oriented book examines:

• Trends—What they are, why they occur, and how traders can use charts to help identify continuation patterns or reversals
• Chart patterns—What some of the most popular and potentially profitable patterns look like, and what they're trying to tell you about the market
• Quantitative methods—Examination of moving averages, Gann Analysis, Elliot Wave, and other market-proven methods
• Bullish and bearish signals—How to recognize, distinguish, and act on them in a variety of charting situations
• Helpful hints and trading tips—Guidelines for determining the best mix of tools and techniques for a particular market or trading style

In today's up-and-down financial markets, profit opportunities appear and disappear continuously throughout each trading day. The key to taking advantage of these opportunities is to know they are coming in advance, and the key to this knowledge is to obtain a solid working of modern technical analysis.

Technical Analysis Applications takes this wide-ranging subject, too often shrouded in double-speak and complex mathematics, and makes it both coherent and practical. Filled with sample charts, examples of actual trades, and in-depth yet understandable descriptions, it will help you develop a more complete understanding of the proven and profitable world of technical analysis.

Cornelius Luca (New York, NY) teaches courses at several New

York universities. He has spent his entire career in international

finance, focusing on foreign currency trading.