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Barbara Rockefeller
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Published:
October 1, 2019

Technical Analysis For Dummies

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Overview

Grasp and apply the basic principles of technical analysis

Savvy traders know that the best way to maximize return is to interpret real-world market information for themselves rather than relying solely on the predictions of professional analysts. This straightforward guide shows you how to put this into profitable action—from basic principles and useful formulas to current theories on market trends and behavioral economics—to make the most lucrative decisions for your portfolio.

The latest edition of Technical Analysis for Dummies includes a brand-new chapter on making the right decisions in a bull or bear market, an updated look at unique formulas and key indicators, as well as refreshed and practical examples that reflect today today's financial atmosphere.

  • Become an expert in spotting market trends and key indicators
  • Get the skinny on the latest research on behavioral economics
  • Take a deep dive into how to read market sentiment and make it work for you
  • Get a look at the first innovation in charting for decades—straight from Japan

With comprehensive coverage from charting basics to the cutting edge, Technical Analysis for Dummies includes everything you need to the make informed independent market decisions that will maximize your profits. Happy trading!

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About The Author

Barbara Rockefeller is an international economist and forecaster who specializes in foreign exchange. A pioneer in technical analysis, she also led the way in combining technical and fundamental analysis. Barbara publishes daily reports using both techniques for central banks, professional fund managers, corporate hedgers, and individual traders.

Sample Chapters

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technical analysis for dummies

CHEAT SHEET

Need help making trading decisions in securities markets? Technical analysis is a collection of techniques that can help you do that. Discover 16 trading secrets that can help you beat the market, figure out how to read stock charts like a standard bar chart and how to interpret a candlestick chart. Also, learn how to identify the end of a trading chart trend by using the moving average level rule.
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Articles from
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Indicators measure stock market sentiment — bullish, bearish, and blah. Indicators are only patterns on a chart or arithmetic calculations whose value depends entirely on how you use them. You use indicators when doing technical analysis for many trading-related decisions, including identifying a trend, knowing when to stay out of a security that isn’t trending, and knowing where to place a stop loss, to name just a few.
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Technical trading can take any number of equally valid forms. The trader who waits for multiple time frame confirmations on three indicators can claim just as much technical validity as the guy with the itchy trigger finger who has to trade every hour. The technical trader is the retired rocket scientist the self-taught housewife, the cubicle programmer, and the college student.
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Technical analysis can give you an edge in beating the stock market. How, exactly, do you do that? Here are 16 technical analysis secrets to becoming a skilled technical analysis trader: Don’t let the seeming complexity of technical analysis scare you off. The technical analysis workspace is a chart showing the price of a security over time.
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Candlestick charting emphasizes the opening and closing prices of a stock security for a given day. Many candlesticks are simple to use and interpret, making it easier for a beginner to figure out bar analysis — and for experienced traders to achieve new insights. Become familiar with candlestick bar notation: Open: The opening price.
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Stock and commodity market prices often move in a regular and repetitive manner that looks like a series of ocean waves on the chart. Each wave in a series of waves has a specific height and length, and when those are the same or nearly the same from wave to wave — or waves are consistently proportional to one another — the pattern is called a cycle.
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When looking at a price chart, you can call the end of a trend by using the moving average level rule: an uptrend when the moving average today is less than the moving average yesterday, and a downtrend when the moving average today is higher than yesterday. A moving average always lags the price action. In this figure, look at the prices and moving average in the left-hand ellipse.
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Need help making trading decisions in securities markets? Technical analysis is a collection of techniques that can help you do that. Discover 16 trading secrets that can help you beat the market, figure out how to read stock charts like a standard bar chart and how to interpret a candlestick chart. Also, learn how to identify the end of a trading chart trend by using the moving average level rule.
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The price bar, the basic building block of technical analysis, describes and defines the trading action in a stock security for a given period. Trading action means all the real-money transactions conducted during the period.Know how to read market sentiment in the components of the standard bar. If the bar is tall, it was a battle between buyers (bulls) and sellers (bears).
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Volatility is a measure of price variation, either the total movement between low and high over some fixed period of time or a variation away from a central measure, like an average. Both concepts of volatility are valid and useful. The higher the volatility, the higher the risk—and the opportunity.A change in volatility implies a change in the expected price range yet to come.
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Ichimoku embodies just about every technical analysis concept—trending, support and resistance, pivots, trend reversal, momentum, stops. This seems like a lot of performance for a few lines on a chart, but it’s all there if you take the time to study it. Ichimoku takes more time than conventional technical analysis, in part because the mindset is less focused on raw supply/demand and fear/greed, and tries to detect value in a more organic way.
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