Market Technical Secrets: Building Your Own System

Introducing the legendary book that will take intermediate traders to the next level! The definitive guide to computer trading! Today's trading world relies on affordable access to data via the Internet. Advanced software capable of displaying a wide range of technical indicators allows for instant and efficient computer-assisted data analysis. Even in the fast-moving futures markets, modern technical analysis allows savvy traders to pinpoint timely buy and sell signals. This book will help you understand how to apply the sophisticated technical indicators used by professional traders in a variety of markets around the world. This step-by-step guide provides practical, step-by-step instructions for most practical technical indicators, including ADX (Average Directional Index), RSI, Stochastics, Momentum, Parabolic Stop Points, Oscillators, and MACD. Readers will want to keep this useful and practical book close to their trading computer screens. Written by experienced traders, this book covers the following topics: ■ How to select, display, and accurately analyze the most relevant technical indicators for the current market. ■ How to develop and test trading systems tailored to your needs. ■ Practical techniques for monitoring your trading systems to identify problems before they result in major losses. ■ Valuable advice, gained through years of trading experience, on how to avoid costly errors and mistakes. ■ An entire chapter on day trading methods and techniques, including 12 individual trading strategy examples. A must-read for anyone trading computer-assisted futures, this book covers topics not covered in previous systems manuals and provides the information successful traders need in a clear, targeted format.