Оглавление
Guppy Daryl. Market Trading Tactics
PREFACE
Part I. JOINING THE RUSH
Chapter 1. Trading with the Balance of Probability
PROBABLE ODDS
PICTURE PERFECT
HERE’S HEALTH
THE CHART SAYS SO
DEFINING THE BALANCE
ANNEX
Chapter 2. Messages from the Jungle Drums
CONSTRUCTING A BAR CHART
READING A BAR BY CANDLE LIGHT
UNDERSTANDING A BAR
WHO SETS THE OPEN?
WHO SETS THE LOW?
WHO SETS THE HIGH?
MOST IMPORTANTLY, WHO SETS THE CLOSE?
SPECIAL BARS OPEN 24 HOURS
USING A BAR
A BAR IN EVERY MARKET
ANNEX
Chapter 3. Lasseter’s Reef
PERSISTENT PROBABILITY
PLANNING TO AVOID FAILURE
CAUGHT ON THE REBOUND
Chapter 4. Time Bites Character
TRADING TIME BITES
DAILY TIME
WEEKLY CONFIRMATION
BAD BOYS MAKE GOOD
DAY-BY-DAY EMOTIONAL EXTREMES
CHOOSE YOUR TIME
Part II. PROSPECTING FOR TRADES
Chapter 5. Searching for Love at first Profit
START DIGGING
GETTING COMFORTABLE WITH STYLE
THE POT OF GOLD
ONE TECHNIQUE, MANY MARKETS
MORE TRADES IN ONE MARKET
LISTS OF SHOPPING LISTS
Chapter 6. No Accounting for All Tastes
FINANCIAL CAMOUFLAGE
TAXING TIMES
DO IT YOURSELF RATIOS
BALANCING ACTS
SOFTWARE BLOODHOUNDS
TAKING A DIFFERENT PATH
Chapter 7. Eyeball Searches
THE EYES HAVE IT
BUILDING ON SUPPORT
A BALANCE TIPPED
HOT TIPS
EYESTRAIN
BEYOND THE EYEBALL
Chapter 8. Technical True Love – Searching for Relationships
CHARTING THE BASIC R-PLOT
ADVANCED R-PLOTS
INSIDE DAYS
GAP DAYS
OUT-OF-RANGE DAYS
PRICE AND VOLUME BREAK-OUTS
BUYING INTO COMPLEXITY
THE PRELIMINARY LIST GETS BIGGER
Chapter 9. Performance Searches
FROM ZERO TO ONE AND BEYOND
WHERE ARE WE? AN AVERAGE ANSWER
DATA MANIPULATION
CROSSED SIGNALS
FROM ZERO TO 100 PERCENT
SPEED BUMPS
THE INDICATOR SUCCESS TEST
JUGGLING LISTS
Chapter 10. An Assay Test – Looking for Life
FIXED PRICE
A BOOT UP THE MARKET
THE BOOT ON THE OTHER FOOT
BOOTS AND ALL FOR THE TRADER
GUPPY MMA TRADING RULES
ASSAY RESULTS
ANNEX
Chapter 11. Two Sides of the Same Coin
THERE’S A BEAR IN THERE
STEP 1 – GETTING AN ID ON BIAS
BULLY FOR THE BEARS
STEP 2 – THE BULL AND BEAR TEST
APPLYING THE TEST
PROFIT OR LOSS
Chapter 12. Index Hunting
GET ME AN INDEX
BILINGUAL INDEXES
REPRESENTATIVE APPROACHES
MAKING FRIENDS WITH INDEX TRENDS
ABSOLUTELY MEAN
FADING THE INDEX
TRADING THE BELL CURVE
TURNING SELECTED NUGGETS INTO PROFIT
Part III. SUPPLEMENTARY NUMBERS
Chapter 13. This Nugget Goes to Market
GROUP ONE: HOW MUCH DO WE NEED TO BREAK EVEN?
BREAK-EVEN
GROSS IS GOOD BUT NET IS BETTER
GROUP TWO: TIME AND RISK
THIS LITTLE NUGGET GOES TO MARKET
Chapter 14. Pinning a Number on Risk
ELEMENT 1: FEAR OF LOSS
PLANNING FOR A PORTFOLIO BEREAVEMENT
MEASURING LOSS
ELEMENT 2: PROFIT OBJECTIVES
ELEMENT 3: TIMING FINANCIAL OBJECTIVES
VOLATILITY
TRADING VOLATILITY
PLOTTING TRADING VOLATILITY
HARD NUMBERS
TRADING PLAN SUMMARY
LAST STANDING, BEST DRESSED
Chapter 15. Using the Internet and Electronic Depth of Market
LEVELS OF INFORMATION
LEVEL 1
LEVEL 2
LEVEL 3
LEVEL 4
LEVEL 5
READY, SET, TRADE
READING THE SCREEN
MINING MARKETS
MINING DEEP MARKETS
GOING UP
GOING DOWN
CRYPTIC NOTATIONS
TOO FEW, TOO LATE
BULLY THE MARKET
VALIDATING CHART ANALYSIS
UPSIDE INSTABILITY
FREEZE FRAME CAUTION
Chapter 16. TRADING PLANS
DEFINING THE OPPORTUNITY
GETTING TO GO
MANAGING THE TRADE
GETTING TO STOP
EXITS
TRADING REALITY
Part IV. FAILURE WAITS UPON SUCCESS
Chapter 17. Over-Trading
REWARD WITHOUT EFFORT
REWARD WITH LITTLE EFFORT
SO MUCH MONEY FOR SO LITTLE WORK
HOMEWORK
MAKE BELIEVE WORK
TRADING WITH YOUR WALLET
A TEST FOR OVER-TRADING
Chapter 18. Nerves of Steel – or Chicken Wire?
TAKING A LOSS
THRESHOLDS
A TRADING COURSE
TRADING WITH MATURITY
Chapter 19. Command and Control
BULLIES LOVE CONTROL
BABY BULLIES
RIGHT IS SOMETIMES WRONG
CONTROL THE CONTROLLABLE
Chapter 20. GAMBLER OR TRADER?
PROFESSIONAL GAMBLING
THE FIVE ‘E’s’ OF GAMBLING
MIRROR, MIRROR ON THE WALL
LIFE IS A GAMBLE, BUT TRADING IS NOT
ABOUT THE AUTHOR
ANNEXE
Chapter 21. INSIGHT AND IRONY
GLOSSARY
Index
Отрывок из книги
As a child I was enthralled by the abandoned rusting hulk of the Eldorado gold dredge stranded on Reedy Creek near Yackandandah and captivated by small clear vials filled with gold dust laboriously panned by an old prospector from mountain creeks in Australia’s north-eastern Victoria. Despite broken nails, aching muscles, erratic returns, the dirt, dust and heat, I have always found the lure of prospecting for metals and minerals irresistible. Now my prospecting tools are the computer, the Internet, the stock market database and charting software – and the lure is still irresistible. The dust is banished by air-conditioning and only fingers ache from keyboarding. Yet the exploration principles remain the same.
The El Dorado sought by the Spanish conquistadors and described by Diaz in The Conquest of New Spain did not exist. Ours does. Every day the market surrenders a rich line of lode to the best traders. We have a choice between a pot of gold and a working gold mine. In this book I explore some ways of finding the lode and bringing it on-stream to build a working gold mine. I am not a market wizard so the techniques in this book require no specialist skills. The bulk of my income comes from trading the market and like many traders who have moved from working for a wage to trading for a living, just duplicating my wages is enough to keep me happy. There are fortunes to be made – and lost – in the market. Better prospectors make, and keep, these fortunes.
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Please remember, when a chart is used as some type of computerized ouija board it is just as accurate, and useful, as ouija board forecasts.
Let us very briefly consider the types of information conveyed in a price chart and what it does, and does not, tell us about the security we are considering. We need to decide if the bulge is fat profit, or dangerous flab.
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