Details

<p>Acknowledgments xi</p> <p>About the Author xiii</p> <p><b>Introduction 1</b></p> <p>Things Change 1</p> <p>The Conundrum 2</p> <p>History Should Repeat Itself 2</p> <p>Delayed Reaction 3</p> <p>Trading for a Living 3</p> <p>The New Age Technician 4</p> <p><b>Chapter 1 Trading Vehicles, Stock, ETFs, Futures, and Forex 5</b></p> <p>Importance of a Rule-Based Approach 7</p> <p>Start Trading as a Business 8</p> <p>Education is the Key to Success 9</p> <p>Traders Need to Ask More Questions 11</p> <p>Risk Per Trade 14</p> <p>Number One Trading Focus—Risk Management 14</p> <p>Diversification is the Key to Success 15</p> <p>Habitual Winners Follow Trading Plans 15</p> <p>Investment Vehicles 19</p> <p>FX—Forex 19</p> <p>Stock Trading Opportunities 20</p> <p>Spread Trading Tips 23</p> <p>Become the Next Warren Buffett 27</p> <p>Long-Term Investing or Short-Term Trading 28</p> <p>Exchange-Traded Funds 28</p> <p>Personalized Mini-Mutual Fund 29</p> <p>Hot Sectors, Hot Stocks 30</p> <p>Currency ETFs 31</p> <p>Commodity ETFs 31</p> <p>The Hot Stock 32</p> <p>Futures Markets: Leverage System 35</p> <p>Futures Contracts 36</p> <p>Tandem Trading Techniques 39</p> <p>Stocks Influenced by Commodities 42</p> <p>Forex, the Currency Cash Machine 42</p> <p>Margin and Leverage 43</p> <p>Long and Short 44</p> <p>Benefits of Futures and Forex 44</p> <p>Insider Trading Information 49</p> <p>Summary 53</p> <p>Study the “Macro” Issues 53</p> <p><b>Chapter 2 Determining Market Condition 57</b></p> <p>Bullish, Bearish, or Neutral 57</p> <p>What Defines Momentum? 59</p> <p>What Makes a Successful Trader? 59</p> <p>Where’s the Catch? 61</p> <p>Find the Clues! 62</p> <p>Be on Guard for Changes 65</p> <p>Forex Markets Fall Prey to Reversals 67</p> <p>Moving Averages Help! 68</p> <p>Filling in the Gap 70</p> <p><b>Chapter 3 How to Read Oscillators to Spot Overbought or Oversold Conditions 75</b></p> <p>Stochastics 76</p> <p>Rules to Trade By 77</p> <p>Stochastics Confirms the Turn 81</p> <p>Tips and Tricks to Help 82</p> <p>Stochastics Patterns 82</p> <p>Rules to Trade By 84</p> <p>MACD 86</p> <p>Summary 93</p> <p><b>Chapter 4 Momentum Changes: How to Spot a Trend’s Strength or Weakness 95</b></p> <p>Volume as a Trend Indicator 96</p> <p>Overbought Market Condition—A Dead Giveaway 102</p> <p>Blow-Off Tops on Volume Spikes 103</p> <p>Volatility ETN ($XVV) versus SPY or E-mini S&P Futures 105</p> <p>Actionable Trade Concepts 106</p> <p><b>Chapter 5 Pivot Points: Determine Key Price Support and Resistance Areas and the Importance of Confluence 111</b></p> <p>Support and Resistance in Disguise 112</p> <p>Mathematical Calculations 114</p> <p>The Leading Indicator 114</p> <p>Possible Outcomes When Prices are Near Pivot Area 118</p> <p>Determine the Range 121</p> <p>Multiple Time Frame Analysis 121</p> <p>Filter Out Information Overload 124</p> <p>Predicting Highs and Lows Using the Calculations 124</p> <p>Filtering the Numbers 124</p> <p>Lining Up the Numbers 126</p> <p>Pivots Combined with Candles 128</p> <p>The Importance of Confluence 137</p> <p>Time and Price 137</p> <p>Volatility is Good—To a Degree 139</p> <p>Confluences Work at Tops 141</p> <p>Option Covered Call Strategy 147</p> <p>Summary 152</p> <p><b>Chapter 6 Pivot Point Moving Average System 153</b></p> <p>Determining Trend Direction 154</p> <p>Beat the Street 154</p> <p>The Simple Moving Average 154</p> <p>Trading Trigger Strategy 165</p> <p>Conditional Optimized Moving Average System 166</p> <p>PPS Indicator 167</p> <p>Trading Tips 169</p> <p>How Do I Start? 175</p> <p><b>Chapter 7 Candle Charts and Top Reversal Patterns 183</b></p> <p>Candlestick Charting 183</p> <p>Candle Formations 186</p> <p>The Doji 187</p> <p>Other Important Candle Patterns 189</p> <p>Candlestick Trading Strategies 202</p> <p><b>Chapter 8 Set-ups and Triggers: Combining Candles and Pivots 213</b></p> <p>High Close Doji 216</p> <p>Characteristics 217</p> <p>Triggers on Futures Markets 227</p> <p>Low Close Doji 231</p> <p>Characteristics 232</p> <p>Trading Rules 232</p> <p>Triggers on Futures Markets 239</p> <p>Triggers on Stocks 241</p> <p>The Best Predictive Indicator 242</p> <p>Summary 244</p> <p><b>Chapter 9 Risk and Trade Management: Setting Stops and Profit Targets 247</b></p> <p>Placing Stop Orders 249</p> <p>General Uses of Stop Orders 249</p> <p>Rising SAR calculation 257</p> <p>Falling SAR Calculation 257</p> <p>The Bottom Line 263</p> <p><b>Chapter 10 Projecting Entry and Exit Points: Learn to Scale Out 265</b></p> <p>Steps to Success 268</p> <p>Last Conditional Change 270</p> <p>Do Something Great 273</p> <p>Scale and Trail 274</p> <p>Integrate Pivot Points to Help Time Your Entries and Exits 275</p> <p>Buy Support, Sell Resistance 277</p> <p><b>Chapter 11 The Sample Analysis: The Proof is in the Back-Testing 281</b></p> <p>Seasonal Stock System 285</p> <p>History Lessons 286</p> <p>Which Strategy to Select? 288</p> <p>What About the MACD? 289</p> <p>What is the Best Day Trading Confirmation Trigger to Program? 296</p> <p>Show Me the Proof 298</p> <p>Money Management is the Key to Success 304</p> <p>What and When is the Best Time to Trade? 305</p> <p><b>Chapter 12 Confidence to Pull the Trigger Comes from Within 313</b></p> <p>Wait for the Trade Signals 316</p> <p>The Right Frame of Mind 320</p> <p>Track and Chart Your Trades 320</p> <p>Changes Since the 1st Edition 322</p> <p>Change Your Brain 323</p> <p>Simulated Trading 324</p> <p>Live by the Rules 326</p> <p>Index 327</p>

<p><b>JOHN L. PERSON</b> is the co-founder of J. Person Asset Management, the Algo system creator, and a respected member of the American Association of Professional Technical Analysts (AAPTA). His previous books were bestselling works on Amazon, which have created a loyal following and have popularized Candle and Pivot Point trading tactics. He is a favorite among the featured speakers at many of the premier Trading Conferences around the globe including Money Show and Traders Expo.

<p><b>DRAMATICALLY IMPROVE YOUR TRADING PERFORMANCE WITH THIS MASTERFUL RESOURCE</b> <p><i>Candlestick and Pivot Point Trading Triggers: Setups for Stock, Forex, and Futures Markets, Second Edition</i> guides traders through the complex and profitable world of stocks, futures, and forex markets. Renowned investor and author John Person explains in exacting detail how to use a wide variety of strategies to capture value and secure profits. <p>This accessible guide explains how to use a moving average approach on both the pivot point and candlestick charting methods to improve trading performance. Detailed descriptions are provided for more advanced methods like directional option strategies, volume analysis, and quarterly pivots to help investors beat the odds and the market. <p><i>Candlestick and Pivot Point Trading Triggers</i> is long awaited, newly revised and updated from the celebrated <i>First Edition</i>. It includes updated information on leveraged and inverse-leveraged ETFs, as well as new chapters, charts, and material that reflect changes in the industry that have occurred since the first release over 15 years ago. <p>Perfect for active traders of all levels, the book cuts through the fluff to deliver actionable advice and concrete insights into the behavior of stocks, foreign currency exchanges, and futures.

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