Aiki Trading

Name: Aiki Trading
Author: Jeffery Tie

The Art of Trading in Harmony with the Markets

Gebonden Engels 2010 9780470825815

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Samenvatting

A great reference for all beginner traders.

Aiki Trading will look at a robust method to understand what the market is doing in a specified timeframe. Essentially, markets are either trending up, trending down, or is in sideways or range bound congestion. Chapters are devoted to each of these three conditions, and the concepts are explained in depth. In addition, specific trading strategies will be explored for the different market conditions. These strategies are what I define as high probability, low risk trading strategies that have higher probability of success because it conforms to the nature of how markets behave.

With more than 25 years of experience in financial markets, Jeffery′s stock market career began in 1977 with JM Sassoon and continued with Kim Eng Securities. During his time in Stock–broking, Jeffery witnessed many cycles of boom and bust, including the 1987 meltdown in worldwide equity markets. In 1997, Jeffery joined Refco Singapore. During this time he developed new expertise in International Futures Markets and FX. Jeffery joined CMC in April 2007. He was responsible for the content and presentation of CMC′s educational programmes. And he is currently the Resident Trainer with SGX Academy, and is based in Singapore.

Specificaties

ISBN13:9780470825815

Taal:Engels

Bindwijze:gebonden

Aantal pagina's:200

Uitgever:John Wiley & Sons

Hoofdrubriek:Financieel management, Financieel management

Serie:Wiley Trading

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Inhoudsopgave

Foreword ix
Preface xi
Acknowledgments xiii
Introduction 1
The Philosophy of Aiki Trading 2
CHAPTER 1 Aikido 7
History 7
The Principles and Techniques of Aikido 10
CHAPTER 2 Candlestick Charting 15
Feudal Japan s Ethos, and its Impact on the Development of Japanese Candlestick Charting 15
The Methods of Aiki Trading 19
CHAPTER 3 The Expanded Sideways Range Pattern 25
Bulls, Bears, and Turtles 28
Observations and Conclusion 31
Codifying the Trading Rules for the Expanded Sideways Range Pattern 31
The Action Zones 31
The Entry Trigger 32
Risk and Money Management: The Stop Loss Exit 34
Qualifying the Trade 42
CHAPTER 4 The Directional Trending Pattern 51
Identifying and Trading a Type 1 Trend Pattern 61
Planning the Stop Loss Exit 66
The Structural Risk 68
The Profit Exit Strategy 68
Timeframe and the Selection of its Relevant Moving Average Value 71
CHAPTER 5 The Successful Breakout 77
Managing the Trade 92
CHAPTER 6 Using Oscillators 97
Relative Strength Index 98
The RSI Divergence Signal (or RSI Camouflage Signal) 104
The Slow Stochastic Oscillator 108
CHAPTER 7 Applying Fibonacci Numbers and Ratios in Trade Analysis 119
Assessing the Fibonacci Profit Target 127
CHAPTER 8 Trade Volume and its Interpretation 139
CHAPTER 9 Risk, Money, and Trade Management 153
The Learning Phase 153
Trading for Profits 155
The Preservation of Capital 156
Money Management: The Preservation of Our Capital 157
Risk Management Combined with the 2 Percent Money Management Rule 158
Position Sizing 161
Winning Trade Management and the Rule of 3 163
CHAPTER 10 On Trading Psychology 173
Summary 175
Beliefs About Success 175
Market Understanding 175
Risk Management, Money Management, and Trade Management 176
Winning Psychology 177
Index 181