AbleTrend Identifying and Analyzing Market Trends for Trading Success

by ; ;
Edition: 1st
Format: Hardcover
Pub. Date: 2010-04-19
Publisher(s): Wiley
List Price: $60.00

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Summary

In AbleTrend, Dr. Wang discloses, for the first time, the fundamental principles behind his bestselling trading system, AbleTrend signals. Sophisticated in scope, yet written in language that traders at all levels can understand, this book presents the theory behind an award-winning robust trading system developed by a recognized authority and expert trading system developer. AbleTrend presents the logic behind the 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. Objective, automatic buy/sell/stop signals are identified thus helping traders manage risk, make rational trading decisions, and eliminate the guesswork. Dr. Wang's applications are offered with ample real-market examples that have been rigorously backtested over 10 years. AbleTrend presents innovative decision-making trading concepts that will allow ordinary traders to identify market trends at an early stage to scientifically manage risks and profits that were once only available at a cost of $2,000 for a 2-day seminar.

Author Biography

John Wang, PhD, is cofounder, Chairman, and CEO of AbleSys Corporation. He cofounded AbleSys in 1994, and developed the Spyglass trading system in 1992, ASCTrend indicators in 1995, and the eASCTrend trading system in 2000. Wang began trading commodities in 1990 and is an active trader today, registered as a Commodity Trading Advisor (CTA) since 1995. His research has been published in top scientific journals, including Chemical Physics Letters and the Journal of Physical Chemistry, among others.

Grace Wang is cofounder and Vice President of AbleSys. She received an MA in sports psychology from California State University, Sacramento, and an MA in physical education and gymnastics from Shanghai Institute of Physical Education. Wang became a CTA in 1995 and has been a frequent panel speaker at financial trade shows since 1999.

Table of Contents

Foreword
Preface
What You Will Find in the Book
What You Will Find on the Web Site
Disclaimer
As You Begin
Acknowledgments
The Search for a Universal Market Law: The Rise of AbleTrend
Complete Chaos or Hidden Order?
When My Interest in Trading Began
A Scientific Antidote to Arbitrary Market Predictions
First Steps: Becoming an EasyLanguage System Developer
The Trend: Foe or Friend?
The Fundamental Approach
The Dream of a Universal Early-Trend Indicator
Could the Laws of Natural Sciences Also Govern the Financial Markets?
The Birth of AbleTrend
Advances in Market Trend Analysis
What Is a Trend?
The Setup of a Trend
Maturity of a Trend
Drawing Trendlines
Support and Resistance
The Market Defines Support and Resistance
How Common Methods Define Support/Resistance Levels
How AbleTrend Defines Support and Resistance Levels
AbleTrend Indicators
Other Trend-Following Indicators
Market Indications
Three Rules for Following Trends
The Golden Region of Entry: The Sweet Spot
Time, Price, Forecasts, Predictions, and Targets
Cycles and Waves
Summary
Four Elements of Trading Success
Profitable Trading Systems and Methods
Adequate Capitalization
Money Management Strategy
Discipline or a Winning Trading Psychology
Conclusion
Essential Philosophy of Trend Trading
Wisdom of the Tao
Trading Is a Business
Only Trend Following Works
Don't Trade Against the Market
Which Market Is the Most Tradable and Why?
Why Voting Systems Do Not Work
Why $500 or 5 Percent Stops Do Not Work
Why the Winning Rate Is Not Important
Why You Cannot Pick a Top or Bottom
How to Let Profits Run
How to Cut Losses Short
Go the Opposite Way of the Majority
Trade Only the Risk Capital that You Can Afford to Lose
If You Want to Win, Think About Loss
Place Yourself beyond the Possibility of Defeat
Trading Is the Most Difficult Thing in the World
Conclusion
The Applications
What Is the "Winning Framework" for a Trading System?
STM Method-Buy on Blue and Sell on Red
Evaluate a Trading System: Back-Testing
Four Important Issues for Parameter Settings
AbleTrend2 Stops
The Sweet Spot-Golden Region of Entry
Finding the Character of a Particular Market
Trend Time Frames
Avoid Choppy Markets
Breakout or Retracement
Day Trading versus Swing Trading
In Conclusion: The Five F's of Designing a Trading System
Examples of Trend Analysis
Stocks
Commodities
The E-Minis
Forex
Bonds
Conclusion
Advanced AbleTrend Tools
Virtual Paper Trading (VPT)
Historical Forward Testing
AutoScan
The Percent Charts
The Guidance Charts
Stock Search Engine-Stock Picks
Visual or Chart Trading
Automated Trading Orders
Options Trading
Spread Trading
Portfolio Trading
Summary
Interviews with AbleTrend Users
John Meyer
Bob Seifert
Harvey Saff
Gerry Wollert
Mike Weingart
Alex Kuan
Remco Eenink
Chris Anthony
Jim Kane
David Fawkes
Quick Reference for STM
STM Trading Method
References
About the Authors
Index
Table of Contents provided by Publisher. All Rights Reserved.

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