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1
Document Outline - The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading
- Contents
- Foreword
- Preface
- Acknowledgments
- Disclaimer
- Introduction
- APPLIED REALITY TRADING IS KNOWN AS ART
- REVOLUTIONARY LEARNING EXPERIENCE
- THE “ART PIE”
- LAYOUT OF THIS BOOK AND DVD VIDEO
- ALL CHARTS IN THIS BOOK WERE CREATED WITH THE eSIGNAL ART PLATFORM
- A NOTE ABOUT DATA FEEDS AND YOUR 30-DAY FREE TRIAL OF THE ART SOFTWARE
- Part I: Reality
- Chapter 1: It’s All About Reality
- REALITY-BASED TRADING AND INVESTING
- TAKE ART FOR A TEST DRIVE!
- YOUR THOUGHTS CREATE YOUR REALITY
- THE IMPORTANCE OF THOUGHTS
- IT ALL STARTS WITH A THOUGHT!
- LIVE MARKET DATA
- Chapter 2: The Reality of Price and Volume
- WHY ARE PRICE AND VOLUME REALITY?
- THE CASE FOR SIMPLICITY IN A TRADING SYSTEM
- DANGEROUS OPINIONS AND INDICATORS: A WORD ABOUT MACD AND STOCHASTICS
- OVERBOUGHT AND OVERSOLD CONDITIONS
- INEFFICIENT MARKETS VERSUS EFFICIENT MARKETS
- SUPPLY = DEMAND
- Chapter 3: Managing Risk: Always Set a Stop-Loss Exit
- THE NEED FOR MONEY MANAGEMENT
- ACCEPTING RISK
- SEVEN BASIC STOPS
- NOT SETTING STOPS
- WHAT HAPPENS WHEN YOU DON’T HAVE A STOP-LOSS EXIT STRATEGY?
- SETTING MENTAL STOPS
- MOVING STOPS
- Chapter 4: If It Sounds Too Good to Be True
- SYSTEM RATES OF RETURN ARE MEANINGLESS
- ART IS NOT A “BLACK BOX” SYSTEM
- WHY DO 90 PERCENT OF ALL TRADERS LOSE MONEY?
- Chapter 5: Personal Methods to Increase Trading Success
- WRITE IN YOUR “SUNRISE TRADING JOURNAL”
- ENTER A “CONTRACT FOR SUCCESS”
- Chapter 6: Identify Your Personal ART Profile
- EXPERIENCE LEVEL
- TRADING STYLE
- TRADING FREQUENCY
- ART PROFILES — HOW THEY WORK
- HOW TO VISUALIZE YOUR ART PROFILE
- Part II: Art
- Chapter 7: Design Your Business Plan
- RUNNING YOUR TRADING AND INVESTING AS A REAL BUSINESS
- YES, TRADERS AND INVESTORS ARE ARTISTS
- YOUR BUSINESS PLAN
- Chapter 8: Selecting a Financial Market
- TABLE OF MARKETS
- GREAT DAY TRADING MARKETS
- ATTENTION OPTION TRADERS
- USING STOCK SECTORS AND GROUPS TO BETTER YOUR ODDS
- Chapter 9: Selecting a Time Frame
- Chapter 10: Selecting an ART Platform, Broker, and Data Feed
- Chapter 11: Psychology and the Trader’s Mind-Set
- 100 TRADERS AND INVESTORS — EACH IS UNIQUE
- SELF-AWARENESS
- 15 COMMON DESTRUCTIVE PSYCHOLOGICAL TRADING ISSUES AND THEIR CAUSES
- HERE IS WHAT YOU’LL FEEL AFTER ACQUIRING THE TRADER’S MIND-SET
- Chapter 12: Artistic Simplicity
- IT IS POSSIBLE TO RECEIVE TOO MUCH INFORMATION
- SIMPLIFY AND FLOW WITH THE MARKET
- GUIDELINES TO SIMPLIFY YOUR TRADING AND INVESTING
- TRADING ERRORS, ARTISTIC BLOCKS, AND OVERCOMING THEM
- Chapter 13: The Art of Paper-Trading
- EVERY FINANCIAL MARKET IS A CHAMPIONSHIP ARENA
- FIGHTER PILOTS AND FLIGHT SIMULATORS
- Part III: Science and Math
- Chapter 14: Calculating Proper Trade Size
- THE 2 PERCENT RISK RULE
- IMPORTANT NOTE
- THE PSYCHOLOGY BEHIND TRADE SIZE
- YOU’RE RIGHT 60 PERCENT OF THE TIME
- GOING BUST!
- TRADING DRAWDOWN
- OVERTRADING
- Chapter 15: Other Formulas and Recipes
- 10 PERCENT RISK RULE
- 6 PERCENT RISK RULE
- 2 PERCENT PER SECTOR RISK RULE
- SCALING OUT 33 PERCENT
- Chapter 16: The Human Brain
- ANATOMY OF THE BRAIN
- LEFT BRAIN AND RIGHT BRAIN
- WHOLE BRAIN THINKING
- NEUROPLASTICITY
- NEURONS AND NEURONETS
- YOU CAN REWIRE YOUR BRAIN AND YOUR TRADING
- KEEP AN OPEN MIND
- Part IV: ART System Basics
- Chapter 17: ART Is the Total Solution
- THE FOUR ART SIGNALS
- LOADING YOUR ART SOFTWARE
- ART SIGNALS
- EXACT ENTRIES AND EXITS GIVE YOU STRUCTURE AND DISCIPLINE
- Chapter 18: Pyramid Trading Points (P and MP)
- PYRAMID TRADING POINT RULES
- MOMENTUM AND NEW INFORMATION
- PYRAMID TRADING POINT REQUIREMENTS
- 1. TREND DIRECTION
- 2. TREND-TRADE ENTRY POINTS
- 3. TREND-TRADE EXIT POINTS
- 4. TREND EXHAUSTION
- 5. MARKET TRUTHS
- 6. HOW TO IDENTIFY TREND CORRECTIONS USING THE MINOR PYRAMID TRADING POINT
- 7. HOW TO TRADE FROM A “BRACKETED MARKET”
- CUSTOMIZING THE ART SOFTWARE TO TAILOR IT TO YOUR NEEDS
- ADJUSTING THE MINSCORE FOR A PYRAMID TRADING POINT
- ADJUSTING THE AUDIO TECHNOLOGY FOR YOUR PYRAMID TRADING POINT
- IDENTIFYING TREND EXHAUSTION
- GETTING AGGRESSIVE
- PYRAMID TRADING POINT SUMMARY
- Chapter 19: Market Truths: Price Bars and Volume
- THE FIRST MARKET TRUTH IS PRICE
- ART PRICE BAR POSSIBILITIES
- SEVEN ART PRICE BAR DEFINITIONS
- ELONGATED PRICE BAR
- THE SECOND MARKET TRUTH IS VOLUME
- THE MEANING OF VOLUME
- Chapter 20: ART Reversal Bar Signals (1B and 2B)
- THREE METHODS OF MONITORING AN ART ONE-BAR REVERSAL TRADE
- UNEXPECTED TRADES IN THE OPPOSITE DIRECTION
- USING THE INSIDE PRICE BAR TO GET AN EARLY ENTRY
- ART TWO-BAR REVERSAL
- ART REVERSALS TELL YOU WHEN THE TREND ENDS
- Chapter 21: Trend-Trading Rules
- 10 ART RULES FOR TREND TRADING
- REMEMBER, THE TREND IS YOUR FRIEND; FEAR IS YOUR ENEMY!
- Chapter 22: Countertrend-Trading Rules
- FIVE ART RULES FOR COUNTERTREND TRADING
- Chapter 23: Scalping Rules
- Part V: Advanced Techniques
- Chapter 24: When to Use Advanced Techniques
- TWO DEFINITIONS
- WHEN TRADING ART WITH UNGROUNDED ASSESSMENTS, FOLLOW GUIDELINES A AND B
- USING TREND CHANNELS
- Chapter 25: Scaling Out and Scaling In
- SCALING OUT OF POSITIONS
- KEEP RISK WITHIN 2 PERCENT
- SCALING OUT EXAMPLE
- SCALING IN TO POSITIONS
- Chapter 26: How to Trade Bracketed Markets
- WHAT’S ANOTHER NAME FOR A BRACKETED MARKET?
- CONSOLIDATIONS: A TEXTBOOK DEFINITION
- THE NATURE OR PSYCHOLOGY OF BRACKETED MARKETS
- FINDING AND MONITORING BRACKETED MARKETS
- MEASURING THE LENGTH OF BRACKETED MARKETS
- USING BRACKETED MARKETS TO TREND TRADE
- USING THE ART SOFTWARE TO DEFINE BRACKETED MARKETS
- MANUALLY IDENTIFYING BRACKETED MARKETS
- SCALPING BRACKETED MARKETS
- USING OPTIONS ON BRACKETED MARKETS
- Chapter 27: Software Optimization and Average True Range (ATR)
- DETERMINE VOLATILITY USING ATR
- RULES FOR ART SOFTWARE OPTIMIZATION
- Chapter 28: Stop and Reverse (SAR)
- REENTRY PATTERNS
- THE DIFFERENCE BETWEEN SARs AND REENTRY PATTERNS
- TRADING BETWEEN ART REVERSAL BAR SIGNALS
- Chapter 29: Higher-Time-Frame Filter
- TIME FRAMES TO TRACK THE TREND USING THE HIGHER-TIME-FRAME FILTER
- USING TREND LINES AND THE HIGHER-TIME-FRAME FILTER
- S& P E-MINI DAY-TRADING EXAMPLES USING THE HIGHER-TIME-FRAME FILTER
- EXAMPLE A
- EXAMPLE B
- EXAMPLE C
- Chapter 30: Other Filter Techniques
- FILTER FOR TRADING THE E-MINI
- ACCUMULATION/DISTRIBUTION
- USING ON-BALANCE VOLUME (OBV)
- PRICE OSCILLATOR HISTOGRAM
- TRADE ONLY AFTER THREE CONSECUTIVE LOSSES
- TRADE IN THE DIRECTION OF YOUR FORECASTING METHOD
- Chapter 31: Elliott Wave—Ungrounded Assessment
- Chapter 32: Other Ungrounded Assessments
- PRICE OSCILLATOR HISTOGRAM
- FIBONACCI STUDIES
- RELATIVE STRENGTH INDICATOR (RSI)
- Epilogue
- About the DVD
- INTRODUCTION
- USING THE DVD WITH WINDOWS
- WHAT’S ON THE DVD
- Appendix A: ART Software Quick-Start
- 1. SELECT YOUR MARKET AND TIME FRAME
- 2. SELECT YOUR ART PLATFORM, DATA FEED, AND BROKER
- 3. OPEN AN ACCOUNT WITH YOUR ART PLATFORM
- 4. REGISTER YOUR ART SOFTWARE
- 5. GET STARTED!
- Appendix B: ART Tips
- DEVELOPING YOUR OWN TRADING SYSTEM
- Appendix C: ART Software Technical Support
- INTRODUCTION
- HOW TO CONTACT US
- WWW.TRADERSCOACH.COM
- ART SOFTWARE EQUIPMENT REQUIREMENTS
- Appendix D: Resources
- ART PLATFORMS (COMPATIBLE WITH ART SOFTWARE AS OF JANUARY 2008)
- BROKERS (ORDER EXECUTION COMPATIBLE WITH ART SOFTWARE AS OF JANUARY 2008)
- DATA SOURCES (COMPATIBLE WITH ART SOFTWARE AS OF JANUARY 2008)
- BOOK & VIDEO SOURCES
- RECOMMENDED BOOKS AND AUTHORS
- RECOMMENDED PERIODICALS
- RECOMMENDED VIDEOS
- RECOMMENDED EDUCATION
- TECHNOLOGY AND SOFTWARE
- Glossary
- About the Author
- Index
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