Greg Capra - Trading Tools and Tactics: Reading the Mind of the Market

Contents

Cover

Series

Title Page

Copyright

Contents

Cover

Series

Title Page

Copyright

UNDERSTANDING THE LANGUAGE OF CHARTS AND PRICE ACTION

HOW TO USE THIS BOOK

ABOUT THE CHARTS IN THIS BOOK

A NOTE ABOUT PRISTINE.COM

THE GURU SYNDROME

THE PITFALLS OF FUNDAMENTAL ANALYSIS

TECHNICAL INDICATORS: ADDING SUBJECTIVITY TO THE CHART

APPROACHING THE MARKETS OBJECTIVELY

IN SUMMARY

A SINGLE CANDLE

MULTIPLE CANDLE FORMATIONS

FAILURE IS NOT ALWAYS BAD

IN SUMMARY

PRICE PATTERNS

RECOGNIZING REFERENCE POINTS

THE TWO FORMS OF SUPPORT AND RESISTANCE: MAJOR AND MINOR

HOW SUPPORT AND RESISTANCE AREAS FORM

IN SUMMARY

A VALUABLE TECHNICAL MEASUREMENT

CONVERGENCE CAN HELP

MOVING AVERAGES AS FOCAL AREAS

STAYING OBJECTIVE

A FEW GOOD RULES WHILE USING MOVING AVERAGES

OTHER POINTS TO CONSIDER

MOVING AVERAGES TO FIND PLAYS

IN SUMMARY

THE FALLACIES OF VOLUME

USING VOLUME PROPERLY

THE PRIMARY USES OF VOLUME

IN SUMMARY

THE CONCEPT OF RETRACEMENTS

TO RETRACE OR NOT TO RETRACE?

RETRACEMENTS IMPLY A TREND

CONTINUING TO KEEP IT OBJECTIVE

WHAT LIES BEYOND 60 PERCENT?

RETRACEMENT LEVELS IN DOWNTRENDS

A SPECIAL RETRACEMENT PATTERN

RETRACEMENT LEVELS IN SIDEWAYS TRENDS

WHAT LIES BEYOND 100 PERCENT?

THE BIGGER PICTURE

IN SUMMARY

OBJECTIVITY IS STILL THE GOAL

A QUICK REVIEW OF INDIVIDUAL BARS

HOW THE BARS INTERACT

ADDITIONAL THOUGHTS

IN SUMMARY

DETERMINING PRICE MOVEMENT

WHEN TO BE DIFFERENT

FAVORITE MARKET INTERNALS

A QUICK OVERVIEW OF INTERMARKET ANALYSIS

IN SUMMARY

IDENTIFYING DIFFERENT TYPES OF RELATIVE STRENGTH

IS RELATIVE STRENGTH ALWAYS GOOD?

RELATIVE STRENGTH AND WEAKNESS WITH MORNING GAPS

RELATIVE STRENGTH WITH SECTOR ANALYSIS

RELATIVE STRENGTH TO MARKET INTERNALS

IN SUMMARY

WHAT MAKES A TREND?

PIVOTS

WHEN PIVOTS COME TOGETHER

SOME SUBJECTIVE GUIDANCE

KEEPING IT CLEAN

CHECKING THE REACTION

FINAL THOUGHTS

IN SUMMARY

WHAT CAUSES A GAP?

FALLACIES ABOUT GAPS

GAPS AND THE DAILY CHART

THE INTRADAY PLAY

IN SUMMARY

WHICH TIME FRAMES?

THE FIRST GOAL OF USING MULTIPLE TIME FRAMES

A POWERFUL CONCEPT EMERGES

WARNING SIGNS IN THE MICRO TREND

HIDDEN PATTERNS

IN SUMMARY

DID THE PLAY STOP, OR DID THE PATTERN FAIL?

WHEN GOOD PATTERNS FAIL

CAPITALIZING ON PREDICTABLE FAILURES

EXPECTED (OR UNEXPECTED) FAILURE

IN SUMMARY

MANAGING THE MONEYSHARE SIZE

HOW MUCH TO RISK

MANAGING THE MONEYTHROUGHOUT THE DAY

CONSIDERATIONS WHEN SWING TRADING

BASIC TRADE MANAGEMENT CONCEPTS

MANAGING THE TRADESTAYING WITH THE TREND

MANAGING THE TRADEZOOMING DOWN

IN SUMMARY

BEGINNING YOUR DAY

PLANNING YOUR TRADE, TRADING YOUR PLAN

AFTER THE CLOSE

MAXIMIZING THE WINNERS, AND HANDLING THE LOSERS PROPERLY

PRICE IS KING

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Copyright 2011 by Greg Capra. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

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Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.