Traders can typically describe the methods they use to initiate and liquidate trades. However,
when forced to describe a methodology for the amount of capital to risk when trading, few
traders have a concrete answer. Some make vague references to experts that recommended
risking one or two percent of portfolio equity on any trade. Others rely on intuition to determine
when to increase position size on a particular trade, always risking different amounts.
Experienced traders learn that as important as it is to have an effective method to determine
when to trade, it is equally...
Robert Deel is a trading strategist, author, and an internationally recognized trading expert. He has trained individuals and professional traders in the disciplines of trading psychology.teachical analysis, and tactical trading. Robert has trained groups of serious traders throughout the United States, Europe, Asia and Canada.
This book deals with the most fascinating subject in stock and commodity analysis. It is the integration of Nature's Law (seen as a behavioral phenomenon) into price studies to create a serious and reliable investment tool. New discoveries with the Fibonacci summation series open the window for a price-time analysis that can pinpoint tops and bottoms with a stunning accuracy
Iwant to thank Pamela van Giessen and Jennifer MacDonald of John
Wiley & Sons for allowing me to share my work. I would also like to
thank Cindy Cromwell, Mike Felix, Sarah Neis, and Joanna Pak from
RealTick Software—what a great team! I also extend my sincere gratitude
to Glen Larson and Peter Kilman from Genesis Software for testing my theories
and for helping me to develop my trading library on their software.
Chapter 2 The Elliott wave principle in a nutshell. Ralph Nelson Elliott was an engineer. After a serious illness in the early 1930s, he turned to the analysis of stock prices, especially the Dow Jones Index
Candlesticks are one of the most powerful technical analysis tools
in the trader's toolkit. While candlestick charts dates back to
Japan in the 1700's, this form of charting did not become popular
in the western world until the early 1990's. Since that time, they
have become the default mode of charting for serious technical
analysts replacing the open-high-low-close bar chart.
There has been a great deal of cogent information published on
candlestick charting both in book form and on the worldwide web.
Many of the works, however, are encyclopedic in nature.
We conclude the Study Guide with a chapter called The Organized
Trader. A person who is serious about his success has to organize his
decision-making process and record-keeping. Questions in this chapter
deal with trading records such as the equity curve, trading spreadsheet,
and trader’s diary. They cover time management, setting priorities, and
rating your performance.
The charts in the Study Guide go beyond illustrating key analytic
points. Each comes with questions about what you would do at the right