Cofnas Sentiment Indicators - Renko, Price Break, Kagi, Point and Figure

What They Are and How to Use Them to Trade
1. Auflage 2010
ISBN: 978-0-470-87909-2
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 288 Seiten, E-Book

Reihe: Bloomberg

A practical guide to profiting from the proper use of sentimentindicators
In Sentiment Indicators, noted trading expert Abe Cofnasdraws on his own trading and training experience as he shares hisknowledge about the latest techniques and strategies for usingRenko, price break, Kagi, and point and figure tools tosuccessfully analyze all markets.
Written with the serious trader in mind, SentimentIndicators offers key information on these potential-filledtools and how to use each in shaping trading strategies. Along theway, it provides a practical overview of how to implement theselittle-known indicators and why each can enhance your tradingendeavors.
* Shows how these indicators work in different markets: futures,equities, forex, and others
* Provides a solid understanding of charting techniques and usesreal-world examples to illustrate strategies and tactics
* Presents new sentiment research that analyzes word mining andwhat it means for markets
From historical context and Robot Trading alerts to the criticalfactors of a trading system, Sentiment Indicators presents aproven approach to trading that will help you identify conditionsthat have a high probability of profit.

Autoren/Hrsg.

Cofnas, Abe

Inhaltsverzeichnis

Acknowledgments.
Introduction.
The Decision Path of the Trader.
1 The Geometry of Emotions and Price Action.
Building Investor Emotional Intelligence.
2 Price Break Charts: Key Concepts.
High-Probable Entry Conditions.
What are Price Break Charts? Basic Concepts.
Reversal Distances: A Key Metric.
Consecutive High and Low Close Sequences.
Is the Reversal Serious?
3 General Trading Strategies for Applying Price BreakCharts.
Trading in the Direction of the Trend after a CounterreversalBlock.
Join the Trend after the Appearance of the First or SecondReversal Block.
Fibonacci Resistance Confirmation.
Countertrend Scalper.
Always-In Strategy.
Flip-Flop Reversal Entry.
Momentum Trading--Six-Line Break.
Price Break and Volume Data for Equity Charts.
Multiple Setting Intervals and Price Break Charts.
4 Applying Price Break Charts to Markets andData.
S&P 500: Price Break Chart Patterns Using the Day Chart.
Crude Oil and Price Break Charts.
Microdetection of Sentiment Reversals--The Use of PriceBreak Charts for Momentum Trading.
Price Break and Tick-Level Price Action.
Six-Line Breaks and Fibs.
5 Channel Patterns, Cycles, and Price Breaks.
Cycles and Price Break Charts.
6 Multiple Market Applications of Price BreakCharts.
Contemporaneous Visual Correlation of Instruments.
Volatility and Price Break Charts.
Price Break Charts and Sentiment Data: InnovativeApplications.
Price Break Charts and the Global Financial Crises.
7 Price Break Charts and Option Trading.
Selecting Direction with Price Break Charts.
Selecting the Strike Price.
Risk Reversal Price Break Charts Analysis for CurrencyTraders.
Price Breaks and Currency Volatility Smiles.
8 Renko Charts Revived: The Microdetection ofSentiment.
What is Renko Charting?
Tactical Trading Rules for Renko Charts.
Key Components of a Renko Charts Trade.
Step 1: Renko Chart Setting Sizes and Time Intervals.
Step 2: Select Chart Time Interval: Use Three TimeIntervals.
Step 3: When a Trade Enters the Average Target of Profitability, Turn On the Renko Charts.
Time and Bricks.
Renko Charts and Economic Data Release Trading.
Using Renko Charts to Enter Positions.
Renko Charts in Multiple Markets.
Renko Charts and Six-Line Break: Tools for the Scalper.
Renko Bricks at the Tick Level.
Renko and Volume.
9 Kagi Charts: Waiting for the Turn ofSentiment.
Kagi Chart Basics.
Buy and Sell Signals with Kagi Charts--When Yin Turns toYang.
Kagi Charts: The Keys to the Turn of Sentiment.
Quantifying Kagi Charts.
Kagi versus Candlesticks--Which Is Better?
10 Point and Figure Charts.
How Point and Figure Charts Work.
Variations in Settings in Selected Markets.
Combining Chart Types.
11 Integrating Price Break, Kagi, Renko, and Point andFigure Charting.
Using the Price Landmark Matrix.
12 New Directions in Sentiment Analysis: ChartingWords.
Decreasing Frequency Comparison.
13 Beyond the Trend: Cycle Indicators Independent ofTime.
Cycle Detection and Projection.
Epilogue.
Index.

Über Autor(innen)

Abe Cofnas is the forex trading columnist for Futures magazine since 2001 and has written over 100 columns on forex trading strategies and tactics. He is also the author of two Wiley titles, The Forex Trading Course and The Forex Options Course. He has, for over two decades, provided fundamental and technical analysis on trading strategies in currencies and inter-markets. He is the founder of learn4x.com, which provides private coaching and seminars on currency trading. In 2008, he formed FXDimensions Inc., a third-party trading system and signal development company that has pioneered the concept of Trading Avatars. He is a recognized expert in technical analysis and has lectured in London and Dubai (with appearances on CNBC Arabia) and continues to work with students and businesses abroad. Mr. Cofnas holds a master's in political science, and a master's in public policy from the University of California, Graduate School of Political Science, and the Goldman School of Public Policy, at the University of California, Berkeley.