AbleTrend
Identifying and Analyzing Market Trends for Trading Success
Published on 21. April 2010
336 pages
978-0-470-61589-8 (ISBN)
Description
A worldwide leader in financial trading software shares one ofits most successful systems
In AbleTrend, Dr. John Wang discloses for the first time,the fundamental principles behind his bestselling and award-winningtrading system, AbleTrend signals. Sophisticated in scope, yetwritten in a way that any trader can understand, this bookskillfully presents the theory behind this award-winningsystem.
This reliable resource presents the logic of a proven systemthat reveals the direction of a trend at its early stage in allmarkets-stocks, commodities, foreign currencies, ETFs, e-Minis, andmutual funds. It also identifies objective, automatic buy/sell/stopsignals, helping you manage risk, make rational trading decisions,and eliminate the guesswork.
* Pinpoint when market trends start and end, and where the keysupport and resistance are
* It's universal-applied to any market and any time chart
* Applications are offered with over 20 real-market casestudies
* AbleTrend confidential seminar costs $2,000, now you may getthe secrets from this book
* AbleTrend was developed by a recognized authority and experttrading system developer
AbleTrend presents innovative decision-making tradingconcepts that will allow ordinary traders to identify market trendsand seek profits from them.
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Other editions
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Book
05/2010
Wiley
€56.00
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Persons
John Wang, PhD, is cofounder, Chairman, and CEO of AbleSysCorporation. He cofounded AbleSys in 1994, and developed theSpyglass trading system in 1992, ASCTrend indicators in 1995, andthe eASCTrend trading system in 2000. Wang began tradingcommodities in 1990 and is an active trader today, registered as aCommodity Trading Advisor (CTA) since 1995. His research has beenpublished in top scientific journals, including Chemical PhysicsLetters and the Journal of Physical Chemistry, amongothers.
Grace Wang is cofounder and Vice President of AbleSys.She received an MA in sports psychology from California StateUniversity, Sacramento, and an MA in physical education andgymnastics from Shanghai Institute of Physical Education. Wangbecame a CTA in 1995 and has been a frequent panel speaker atfinancial trade shows since 1999.
Content
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 ofAbleTrend.
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 FinancialMarkets?
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 TradingSystem?
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 TradingSystem.
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.
