A key element of trading is identifying situations in the
financial markets that can produce profits. The technical analyst
tends to achieve this goal by looking at patterns in the markets
that historically indicate the direction of the markets'' next
move.
Author Tim Knight—founder of Prophet Financial Systems and the
popular blog SlopeOfHope.com—has been involved in trading for a
quarter century, experiencing everything from the Internet boom and
dot-com crash to the housing bubble and the Great Recession. For
almost that entire time, he''s successfully used charts and
technical analysis as the basis for his investing decisions. Now,
with High-Probability Trade Setups, he shows you how to do the
same.
Divided into three comprehensive parts, this reliable resource
opens with an informative overview of chart setups and offers a
solid introduction to the principles and philosophy of technical
analysis. After providing you with a firm understanding of these
essential issues, Knight turns his attention to the main focus of
the book, which is historical price patterns, their results, and
their nuances.
Chapter by chapter, Knight presents detailed explanations of
twenty powerful patterns, using real-world examples that will help
you understand their behavior and apply them to your everyday
trading endeavors. Each chapter in Part Two of the book is
structurally the same—introduction to a pattern, definition of the
pattern, psychology behind the pattern, examples, and summary—so
you can quickly gain valuable insights on patterns of particular
interest to you. Some of the setups covered include chart patterns
such as:
Ascending triangles and wedges
Diamonds
Gaps
Fibonacci fans
Pennants
Head and shoulders
Channels
Part Three of this practical guide rounds out the discussion by
outlining some critically important rules of today''s trading road
and sharing some valuable knowledge on short selling.
Making money in the market isn''t easy, but it is possible. With
High-Probability Trade Setups as your guide, you''ll discover
exactly what it takes to chart your way to more consistent and
profitable trading.
From the Back Cover
Praise for HIGH-PROBABILITY TRADE SETUPS
"Technical analysis, in Tim Knight''s way of thinking, is not just
focusing on a chart and drawing lines. Rather, it''s providing
special market insight from years of trading. Tim''s latest book
makes me feel like I missed something in my own development as a
trader and I want to learn more."
—Tom Sosnoff, founder of thinkorswim.com and current CEO of
tastytrade.com
"Technical price patterns give traders an edge in any market, but
it is a technique that is full of nuances that can be challenging
for new traders. High-Probability Trade Setups explains the
patterns you need to understand, and fully explains the details of
why they work the way they do. Tim Knight is uniquely qualified to
provide the detail that is always just skimmed over by other
authors. He is one of the pioneers of computerized and Internet
charting and has been studying technical patterns as a market
professional since before most of today''s traders opened their
first brokerage account. If you want to fully understand the
process of using technical patterns to find and execute successful
trades, then I couldn''t recommend this book more
enthusiastically."
—John Jagerson, founder of LearningMarkets.com and author of All
About Investing in Gold
"Tim''s latest book shares his lifetime of knowledge with traders
who appreciate and utilize charting and technical analysis as a
critical component of developing and executing their trading
strategies. With High-Probability Trade Setups, Tim adds another
volume to what has become a living library of technical analysis
for everyone from the beginning investor seeking an education as to
the meaning of technical analysis to this latest edition which is
for the more active—but still learning—trader who wants to
understand the more sophisticated charting patterns and how to use
them profitably. Tim lives, eats, and breathes technical analysis
and charting, and I recommend this book to all investors."
—Lee Barba, former CEO, Investools
關於作者:
Tim Knight is a full-time hedge fund manager who uses
ProphetCharts and technical analysis as the basis of his trading
decisions. He wrote his first book The World Connection at the
age of 16 and wrote a total of twenty books about using personal
computers. An active stock and options trader since 1987, he
founded Prophet Financial Services Prophet.net in 1992 and sold
it in January 2005 to Investools which later merged with
thinkorswim and, in turn, was acquired by TD Ameritrade.
In his professional role as a full-time money manager today, Tim
relies on technical analysis as the primary basis for his
investment decisions, and he leveraged his passion for the markets
to fuel the innovation for which Prophet.Net is known. In fact,
Barron''s and Forbes consistently named Prophet.Net the #1 Web Site
for Technical Analysis.
Before starting Prophet, Tim was Vice President of Technology
Products at Montgomery Securities in San Francisco, where he led
the development of an institutional online-trading platform.
Additionally, he has held various positions in marketing management
at Technical Tools and Apple Computer and is the author of 20
computer books. Tim is a graduate of the Santa Clara University''s
Honors Program and holds a bachelor''s degree in business
management.
He writes the widely-read and usually bearish blog Slope of
Hope http:www.slopeofhope.com