AbleTrend Identifying and Analyzing Market Trends for Trading Success

Foreword.

Preface.

What You Will Find in the Book.

What You Will Find on the Web Site.

Disclaimer.

As You Begin.

Acknowledgments.

CHAPTER 1 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.

CHAPTER 2 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.

CHAPTER 3 Four Elements of Trading Success.

Profitable Trading Systems and Methods.

Adequate Capitalization.

Money Management Strategy.

Discipline or a Winning Trading Psychology.

Conclusion.

CHAPTER 4 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.

CHAPTER 5 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.

CHAPTER 6 Examples of Trend Analysis.

Stocks.

Commodities.

The E-Minis.

Forex.

Bonds.

Conclusion.

CHAPTER 7 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.

APPENDIX A: Interviews with AbleTrend Users.

John Meyer.

Bob Seifert.

Harvey Saff.

Gerry Wollert.

Mike Weingart.

Alex Kuan.

Remco Eenink.

Chris Anthony.

Jim Kane.

David Fawkes.

APPENDIX B: Quick Reference for STM.

STM Trading Method.

References.

About the Authors.

Index.