"There are fifteen major breakthroughs in technical analysis! SEVEN of these breakthroughs are new, never-before-revealed material!" - George Lane, Stochastics Originator. As professional traders approach the 21st century, accelerating technological change threatens to make conventional technical studies and indicators ineffective. To compete in this changing environment, these professionals need radical new uses and combinations of indicators and formulas to keep their competitive edge. Not a primer for the novice, TECHNICAL ANALYSIS FOR THE TRADING PROFESSIONAL resets the scales, arming today's professional trader with new, unique, and never-before-seen formulas and uses of key market indicators and techniques.
From the Back Cover
In today's rapidly advancing technical environment, Technical Analysis for the Trading Professional is the groundbreaking book that presents dramatic new formulas and chart applications to improve market timing. Discover why interpreting oscillators between a range of 0 and 100 is a costly error. Benefit from the new Composite index that warns when the Relative Strength index is failing to defect a major trend reversal. Learn how to adjust conventional indicators for a market's natural growth and decay cycle for any trading time horizon. This fascinating book covers using intersecting trend lines as a timing cool, how internal price pivots can be used to define when market spikes should be filtered for calculating Fibonacci retracements, and how to ue reverse engineering indicators for price projection. You'll learn to define asymmetrical cycles and discover how Gann and Fibonacci took two different routes to arrive at a common model and how you can apply their methods. Each chapter is a separate topic, building step-by-step through 150 charts that lead toward new methods of price triangulation. The result will allow you to pinpoint a market objective--even in the most extreme and volatile trading environment.