AbleTrend : Identifying and Analyzing Market Trends for Trading Success
ISBN: 9780470581209 | 0470581204
Format: HardcoverPublisher: Wiley
Pub. Date: 4/1/2010
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In AbleTrend, Dr. Wang discloses, for the first time, the fundamental principles behind his bestselling trading system, AbleTrend signals. Sophisticated in scope, yet written in language that traders at all levels can understand, this book presents the theory behind an award-winning robust trading system developed by a recognized authority and expert trading system developer. AbleTrend presents the logic behind the system that reveals the direction of a trend at its early stage in all markets - stocks, commodities, foreign currencies, ETFs, e-M... MORE
| Foreword | |
| Preface | |
| What You Will Find in the Book | |
| What You Will Find on the Web Site | |
| Disclaimer | |
| As You Begin | |
| Acknowledgments | |
| 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 ... MORE | |
| 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 | |
| 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 | |
| Four Elements of Trading Success | |
| Profitable Trading Systems and Methods | |
| Adequate Capitalization | |
| Money Management Strategy | |
| Discipline or a Winning Trading Psychology | |
| Conclusion | |
| 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 | |
| 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 | |
| Examples of Trend Analysis | |
| Stocks | |
| Commodities | |
| The E-Minis | |
| Forex | |
| Bonds | |
| Conclusion | |
| 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 | |
| Interviews with AbleTrend Users | |
| John Meyer | |
| Bob Seifert | |
| Harvey Saff | |
| Gerry Wollert | |
| Mike Weingart | |
| Alex Kuan | |
| Remco Eenink | |
| Chris Anthony | |
| Jim Kane | |
| David Fawkes | |
| Quick Reference for STM | |
| STM Trading Method | |
| References | |
| About the Authors | |
| Index | |
| Table of Contents provided by Publisher. All Rights Reserved. |
John Wang, PhD, is cofounder, Chairman, and CEO of AbleSys Corporation. He cofounded AbleSys in 1994, and developed the Spyglass trading system in 1992, ASCTrend indicators in 1995, and the eASCTrend trading system in 2000. Wang began trading commodities in 1990 and is an active trader today, registered as a Commodity Trading Advisor (CTA) since 1995. His research has been published in top scientific journals, including Chemical Physics Letters and the Journal of Physical Chemistry, among others.
Grace Wang is cofounder and Vice President of AbleSys. She received an MA in sports psychology from California State University, Sacramento, and an MA in physical education and gymnastics from Shanghai Institute of Physical Education. Wang became a CTA in 1995 and has been a frequent panel speaker at financial trade shows since 1999.
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