AbleTrend: Identifying and Analyzing Market Trends for by John Wang

By John Wang

A global chief in monetary buying and selling software program stocks certainly one of its such a lot profitable systemsIn AbleTrend, Dr. John Wang discloses for the 1st time, the elemental ideas at the back of his bestselling and award-winning buying and selling process, AbleTrend signs. subtle in scope, but written in a fashion that any dealer can comprehend, this booklet skillfully provides the speculation at the back of this award-winning system.This trustworthy source offers the good judgment of a confirmed method that unearths the course of a development at its early level in all markets-stocks, commodities, foreign currency, ETFs, e-Minis, and mutual cash. It additionally identifies target, automated buy/sell/stop signs, supporting you deal with possibility, make rational buying and selling judgements, and put off the guesswork.Pinpoint whilst marketplace tendencies begin and finish, and the place the foremost aid and resistance areIt's universal-applied to any industry and any time chartApplications are provided with over 20 real-market case studiesAbleTrend private seminar charges $2,000, now you will get the secrets and techniques from this bookAbleTrend used to be built by way of a famous authority and specialist buying and selling approach developerAbleTrend provides leading edge decision-making buying and selling techniques that may let usual investors to spot marketplace developments and search gains from them.

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Extra resources for AbleTrend: Identifying and Analyzing Market Trends for Trading Success (Wiley Trading)

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After creating the AbleTrend concept, I put the scientific formula to work to develop a set of indicators. As a result of these efforts, market direction and key support and resistance levels are now easily plotted out and can be presented on paper or on a computer screen for any market and any time charts. 5 illustrate the power of AbleTrend. AbleTrend is the result of a natural scientist applying standard methodology to develop a science of trading. Basically, what’s really a trend? How do we define the trend scientifically?

Then after point 3 (a high) formed, the downtrend began. 11 First sign of a downtrend forming: the breakout of the up trendline. This is normally the first alert that a downtrend is coming. 12 “Breakout of the Previous Low” (marked as “L”). The previous uptrend is stopped (we see no more higher lows), and a downtrend has started from a lower high. 13 The breakout of the AbleTrend indicators, AbleTrend2 or AbleTrend3 Stops (the dots below bars), confirms that a downtrend is underway. AbleTrend stops (the dots above the bars) moving down also confirm the downtrend.

The market tells us what the reasonable price is at any moment. What is the single most important piece of information in terms of the market price? The answer: support and resistance levels. Based on its most recent prices, a market defines its own support and resistance levels. These levels are not based on anything you or anyone else may think about a market. These levels are the overall result of all market forces, actions, and interactions. Knowing this, it should be clear why all of your trading decisions from this day forward should be based on where areas of support and resistance can be identified that are defined by the market itself.

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