Advanced Swing TradingStrategies to Predict, Identify, and Trade Future Market Swings
A Marketplace Book, Band 167 1. Aufl.
Real trading strategies for making a killing in today's volatile markets Advanced Swing Trading reveals the strategies used by George Soros, Warren Buffett and other high-profile traders to reap whirlwind profits in today's volatile markets. With the demise of day trading, traders are searching for new methods of exploiting the unprecedented volatility of post-9/11 securities markets. The most successful of these methods so far has been swing trading, a powerful technical approach that allows traders to profit from shorter-term price moves, ranging from several days to a couple of months. In Advanced Swing Trading, veteran trader and leading trading coach, John Crane clearly describes his original Action/Reaction swing trading system. With the help of numerous real-world examples, Crane clearly delineates his system and shows readers how to use it to consistently to gain big returns in even the shakiest of markets. John Crane (Loveland, CO) is the founder of Traders Network, a firm providing brokerage service and educational training products for smart investors. His monthly columns have appeared in Futures Options magazine, and articles about his trading strategies have appeared in Barron's, Consensus, and The Wall Street Journal.
Preface xiii Introduction xv CHAPTER 1 Order from Chaos 1 A discussion of market behavior—how it is affected by human emotions and by economic supply and demand. The Action/Reaction theory of a natural cycle that circulates throughout the market. CHAPTER 2 What Is a Reaction Swing? 9 The Reaction swing is the central point where the Action ends and the Reaction begins. Rules to identify Reaction swings and to project future turning points in the market. CHAPTER 3 “Swing Trading” the Reaction Swing 23 Using the Reaction swing to identify short-term trading signals. Rules for entry. Target projections based on time and price. CHAPTER 4 The Reaction Cycle 45 Market trends will unfold through an identifiable pattern called the Reaction cycle. How to identify each segment of this cycle from beginning to end. CHAPTER 5 Reaction Lines 57 Projecting target prices using Action/Reaction lines. CHAPTER 6 The Price Is Right 73 Where and when is the right time to exit a trade? An easy method to determine when the price is right. CHAPTER 7 Reversal Dates and the Gann Fan 85 Reversal dates are based on a natural cycle that circulates through the market. How natural support and resistance levels can work in conjunction with the Reversal dates. CHAPTER 8 Market Tells 101 Price patterns exhibit specific characteristics. How these patterns foretell future market action. CHAPTER 9 Time, Price, and Pattern Working Together 131 Combining time and price projections with price patterns to confirm entry and exit signals. CHAPTER 10 When the Patterns Do Not Match Exactly 137 Nothing works 100 percent of the time. What to do when the patterns do not match exactly. CHAPTER 11 Bullish and Bearish Divergence 147 Another technical indicator used to identify trend exhaustion. CHAPTER 12 When You Can’t Find the Cycle 155 An alternative use of the Reaction swing. A testimony for the versatility of the Reaction swing. Using one Reaction swing to project several future Reversal dates. CHAPTER 13 Long-Term Trend versus Short-Term Trend 171 Long-term trends are often connected by a specific pattern. How to identify the long-term trends using the A-B-C pattern. CHAPTER 14 When Is the Price Right? 179 Price can exceed time when unexpected events surprise the market. How the Action/Reaction lines establish predetermined exit targets. CHAPTER 15 Stocks 187 Applying the Reaction swing methodology to individual stocks. CHAPTER 16 Knowledge Is Power 193 The best investment that you can make is investment in yourself. The market knowledge that will give you the edge. CHAPTER 17 Some Final Words 197 Words of wisdom. Resources for Traders 201 APPENDIX: Charting Basics 205 What you should know about bar charts. Index 213
“Crane’s publication adds to the relatively limited amount of literature on a valuable subject.” (The Technical Analyst, May 2004)
John Crane has been an active trader for decades, and is a founding owner of Traders Network–a firm providing both brokerage services and educational training products for today’s intelligent investor. Articles on his trading concepts have been published in Consensus, Barron’s, Technical Analysis of Stocks and Commodities as well as The Wall Street Journal, Investor’s Business Daily, and Traders World. Having taught numerous seminars on technical analysis, he has also served as director of research and a contributing analyst for the Pacific Research Center. John was recently the president of the National Introducing Brokers Association, and was listed in the Cambridge Registry and Who’s Who in American Business. In addition, he is a developer of the Trade Simulator Pro™ and author of A Traders Handbook: The Reversal Day Phenomenum.
The essential ingredients required for swing trading have been around for decades. The fact is that as long as human behavior remains the same, market behavior will be the same. As a result of this natural phenomenon, every market–whether it be stocks or commodities–offers swing trading opportunities. But finding these opportunities and capitalizing on them can be a daunting task if you're unprepared. In Advanced Swing Trading, John Crane, a veteran trader and cofounder of Traders Network, discusses his work with Action/Reaction trading theory, and illustrates a whole new way of using time, price, and patterns to predict, identify, and trade future market swings. Chapter by informative chapter, you'll be introduced to the concepts that encompass this proven method, including: Market behavior Reaction swings Swing trading reaction swings The Reaction cycle Action and reaction lines Entering and exiting trades Reversal dates Long-term versus short-term trends And much more Advanced Swing Trading deals with Action/Reaction theory by combining price levels, timing methods, and confirmation patterns that strengthen the predictability of future market moves. This practical and revealing book takes a step-by-step look at the Action/Reaction theory and shows you how to profit as markets go through a complete and predictable cycle that is known as the Reaction cycle. Using this technique, you'll learn how to predict the beginning of a new trend and then project the time and price of the center and end of new trends. By using unique techniques such as action lines and reaction lines within the Reaction cycle, you'll also discover how to predict the time and price of major market reversals. With this knowledge in hand, you'll know whether the market is going to make a major turn or if it's only going to make a small correction against the prevailing trend. Packed with proven strategies from a respected veteran, real-world examples and clear-cut charts, Advanced Swing Trading provides an in-depth overview of the art of swing trading. This comprehensive book offers you the step-by-step guidance that will allow you to apply powerful swing trading techniques to any portfolio–without making it a full-time job–and gives today's investors fresh new methods needed to consistently improve their bottom line.
"Swing trading is one of the hottest–and most effective–tools for today's active traders, and John Crane brings a fresh new perspective and a true trading edge to this important concept." –Jonathan Dean, Vice President, FutureSource "We've long touted the benefits of this powerful investment strategy at MrSwing.com, and John Crane's new work makes an excellent addition to the body of educational material available on swing trading. His cutting-edge techniques are right on the money." –Larry Swing, MrSwing.com In Advanced Swing Trading, John Crane, a veteran trader and cofounder of Traders Network, discusses his work with Action/Reaction trading theory, and illustrates a whole new way of using time, price, and patterns to predict, identify, and trade future market swings. Chapter by informative chapter, you'll be introduced to the concepts that encompass this proven method, including: Market behavior Reaction swings Swing trading reaction swings The Reaction cycle Action and reaction lines Entering and exiting trades Reversal dates Long-term versus short-term trends And much more Filled with practical advice from a seasoned veteran, real-world examples, and informative charts and graphs, Advanced Swing Trading provides a comprehensive look at the art of swing trading. This valuable book offers clear, step-by-step guidance that will allow you to apply the swing trading methodology to any portfolio and improve your bottom line.
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