John Wang - AbleTrend. Identifying and Analyzing Market Trends for Trading Success

AbleTrend. Identifying and Analyzing Market Trends for Trading Success — read online for free the complete book (whole text) full work

Below is the text of the book, divided by pages. System saving the place of the last page read, allows you to conveniently read the book "AbleTrend. Identifying and Analyzing Market Trends for Trading Success" online for free, without having to search again every time where you left off. Put a bookmark, and you can go to the page where you finished reading at any time.

Light

Font size:

↓

↑

Georgia Tahoma Arial Verdana

Reset

Interval:

↓

↑

Bookmark:

Make

1234567...72

Table of Contents

Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers professional and personal knowledge and understanding.

The Wiley Trading series features books by traders who have survived the markets ever changing temperament and have prosperedsome by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future.

For a list of available titles, please visit our Web site at www.WileyFinance.com.

To all clients supporting AbleSys in the last 15 years.

Foreword

Books are like children, they say; they dont happen in a day. As someone who has written 10 books, I assure you it is a process of more than writing. It is a process of distilling information you have learned over the years into what you hope will be passed on through the ages. Like children, books are nurtured, eventually taking on a life of their own.

I have seen that take place with this book. John and Grace Wang became friends and students of mine almost 20 years ago. Like all searchers of truth, they have had more than one teacher; they have learned from others, then took off on their own flight. I would like to think that in some small way I set them on the path that has led them to this book. I have seen them exceed my expectations, but also become an even bigger market influence than anything I had hoped for myself. What could be better? To see someone outperform one of their teachers is, to me, an exhilarating experience.

It has been my good fortune to see them become a driving force within this industry, to see them help many traders throughout the world with their trading strategies and systematic approaches. Their software has become one of the most popular ones of all time for traders to use. What an accomplishment; what an honor on their part! And now theyre going to open the door to their market systems.

While many people will be reading this book to learn about their approach to the markethow to trade, how to manage money, and what really works in the art of tradingI find there is an equal lesson here, which is about accomplishing greatness within your business or profession. They have certainly done that.

The lesson is that there are monetary rewards from trading, but the greatest reward in this business is to see people excel. Money is so ephemeral; other peoples success in life lasts generations.

Most anyone can write a book... it is not writing... it is the content of your writing that matters. In this book you are going to learn the distillation of their research and work spanning several decades.

The authors were critically educated at the University of California, Santa Cruz, in the sciences; thats why I think youll find their work to be so invaluablebecause it is written not only from the heart and experience of trading but because everything they do is based on the scientific method.

In this day and age of trading, books have been written about everything from supposed fractals of chaos to imaginary cycles and waves, all things that cannot be proven. In this book you are going to learn what has been proven in many markets for many years. This is a practical book; no pie-in-the-sky abstract concepts here.

I found their writing style easy to follow, easy to comprehend, and chock-full of practical trading strategies. What more could a person want?

Read it and prosper!

LARRY WILLIAMS

Preface

Spring waters surged up the riverbank last night, Like weightlessfeathers the heavy vessels float.

Rigorous labor pushed ships forward in the past, Down midstreamon strong waves I ride effortlessly today.

Zhu Xi (1130 to 1202)

Trend FollowingEffortlessly Riding the Strong Waves Down the Middle of the Stream. Pen sketch by Victor K. Wang (1958) with permission.

The poem by Zhu Xi and the boats illustrated in describe the enjoyment of trend following in trading, as well as my feeling at the moment of finishing this book. Zhu was a Song Dynasty (960 to 1279) Confucian scholar who became the renowned leading figure of the School of Principle, and the most influential rationalist Neo-Confucian in China. His poem expresses the power of using natural law to fulfill ones aimsa truth that has been the abiding principle underlying all my work.

I never dreamed that I would one day write a book about trading. Nor did I realize how important my discovery of AbleTrend would be for others. Rather, at first I succumbed to the secrecy of the trading business and only shared my findings with a limited group of my seminar attendees. Now, however, I recognize that it is time to introduce AbleTrend and its advantages to a wider audience.

Natural law is the guiding principle behind everything we see, even though we may not be aware of it. For example, gravity has always existed from the earliest creation of the world; but it seemed people were not aware of its existence until one day when Newtons Universal Law of Gravitation was published. Similarly, the market trend has always existed; but I could not identify itor take advantage of ituntil one day in 1994 when I discovered a simple waythe AbleTrend wayto observe the trend.

Tens of thousands of AbleTrend users have helped us at AbleSys to grow over the last 15 years. We owe them a great deal because of their persistent support through all that time. I want to dedicate this book and issue a special thank you to every AbleSys client who has practiced our trend-following methods, and helped validate the trading system that can be applied to any market, any time chart, and anywhere in the world.

Most AbleTrend users are familiar with the way the software presents its trend findings on price charts in the form of blue bars, red bars, blue dots, red dots, and so forth. Here, in this book, I want to share with them more about the principles and philosophy underlying AbleTrend so that users may feel and get inside its soul and life.

But the purpose for this book goes beyond that. I believe that every traderwhether an AbleTrend user or notcan develop a deeper comprehension of how to trade the markets by understanding the universal principles that were used to develop the AbleTrend software. My intention in writing this book is to introduce these individuals to new concepts of trend following that they can use in their trading and benefit from for years to come.

In preparation for writing this book, we began to review hundreds of testimonials from AbleTrend users that we have received over the past 15 years. I would like to quote a few of these testimonials here to show what others think about the AbleTrend:

About 2 weeks ago, I got your brochure in the mail. Ill admit, I threw it away!But after pulling it back out of my waste basket (3 times), I finally contacted your

Next page

1234567...72

Light

Font size:

↓

↑

Georgia Tahoma Arial Verdana

Reset

Interval:

↓

↑

Bookmark:

Make

Similar books «AbleTrend. Identifying and Analyzing Market Trends for Trading Success»

Look at similar books to AbleTrend. Identifying and Analyzing Market Trends for Trading Success. We have selected literature similar in name and meaning in the hope of providing readers with more options to find new, interesting, not yet read works.

Elder Graham

Options Trading For Beginners: The Market Guide On How To Start Investing For A Living With Technical Analysis Using Day & Swing Techniques

Fred McAllen

Trading the Trends

Lee Tang

Dual Momentum Trend Trading: How to Avoid Costly Trading Mistakes and Make More Money in the Stock, ETF, Futures, and Forex Markets with This Simple and Reliable Swing Trading Strategy

Kathy Lien

The Little Book of Currency Trading: How to Make Big Profits in the World of Forex

Balkrishna M. Sadekar

How to Make Money Trading the Ichimoku System: Guide to Candelstick Cloud Charts

Al Brooks

Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader

Laurentiu Damir

Trade the Momentum - Forex Trading System

Laurentiu Damir

Day Trading Forex with Price Patterns - Forex Trading System

Laurentiu Damir

Trade the Price Action - Forex Trading System

Laurentiu Damir

Forex Range Trading With Price Action - Forex Trading System

Thomas N. Bulkowski

Swing and day trading: evolution of a trader

Thomas N. Bulkowski

Fundamental analysis and position trading: evolution of a trader

Discussion, reviews of the book AbleTrend. Identifying and Analyzing Market Trends for Trading Success and just readers' own opinions. Leave your comments, write what you think about the work, its meaning or the main characters. Specify what exactly you liked and what you didn't like, and why you think so.