A worldwide leader in financial trading software shares one of
its most successful systems
In Able Trend, Dr. John Wang discloses for the first time,
the fundamental principles behind his bestselling and award-winning
trading system, Able Trend signals. Sophisticated in scope, yet
written in a way that any trader can understand, this book
skillfully presents the theory behind this award-winning
system.
This reliable resource presents the logic of a proven system
that reveals the direction of a trend at its early stage in all
markets-stocks, commodities, foreign currencies, ETFs, e-Minis, and
mutual funds. It also identifies objective, automatic buy/sell/stop
signals, helping you manage risk, make rational trading decisions,
and eliminate the guesswork.
* Pinpoint when market trends start and end, and where the key
support and resistance are
* It’s universal-applied to any market and any time chart
* Applications are offered with over 20 real-market case
studies
* Able Trend confidential seminar costs $2, 000, now you may get
the secrets from this book
* Able Trend was developed by a recognized authority and expert
trading system developer
Able Trend presents innovative decision-making trading
concepts that will allow ordinary traders to identify market trends
and seek profits from them.
विषयसूची
Foreword.
Preface.
What You Will Find in the Book.
What You Will Find on the Web Site.
Disclaimer.
As You Begin.
Acknowledgments.
CHAPTER 1 The Search for a Universal Market Law: The Rise of Able Trend.
Complete Chaos or Hidden Order?
When My Interest in Trading Began.
A Scientific Antidote to Arbitrary Market Predictions.
First Steps: Becoming an Easy Language System Developer.
The Trend: Foe or Friend?
The Fundamental Approach.
The Dream of a Universal Early-Trend Indicator.
Could the Laws of Natural Sciences Also Govern the Financial Markets?
The Birth of Able Trend.
CHAPTER 2 Advances in Market Trend Analysis.
What Is a Trend?
The Setup of a Trend.
Maturity of a Trend.
Drawing Trendlines.
Support and Resistance.
The Market Defines Support and Resistance.
How Common Methods Define Support/Resistance Levels.
How Able Trend Defines Support and Resistance Levels.
Able Trend Indicators.
Other Trend-Following Indicators.
Market Indications.
Three Rules for Following Trends.
The Golden Region of Entry: The Sweet Spot.
Time, Price, Forecasts, Predictions, and Targets.
Cycles and Waves.
Summary.
CHAPTER 3 Four Elements of Trading Success.
Profitable Trading Systems and Methods.
Adequate Capitalization.
Money Management Strategy.
Discipline or a Winning Trading Psychology.
Conclusion.
CHAPTER 4 Essential Philosophy of Trend Trading.
Wisdom of the Tao.
Trading Is a Business.
Only Trend Following Works.
Don’t Trade Against the Market.
Which Market Is the Most Tradable and Why?
Why Voting Systems Do Not Work.
Why $500 or 5 Percent Stops Do Not Work.
Why the Winning Rate Is Not Important.
Why You Cannot Pick a Top or Bottom.
How to Let Profits Run.
How to Cut Losses Short.
Go the Opposite Way of the Majority.
Trade Only the Risk Capital that You Can Afford to Lose.
If You Want to Win, Think About Loss.
Place Yourself beyond the Possibility of Defeat.
Trading Is the Most Difficult Thing in the World.
Conclusion.
CHAPTER 5 The Applications.
What Is the ‘Winning Framework’ for a Trading System?
STM Method–Buy on Blue and Sell on Red.
Evaluate a Trading System: Back-Testing.
Four Important Issues for Parameter Settings.
Able Trend2 Stops.
The Sweet Spot–Golden Region of Entry.
Finding the Character of a Particular Market.
Trend Time Frames.
Avoid Choppy Markets.
Breakout or Retracement.
Day Trading versus Swing Trading.
In Conclusion: The Five F’s of Designing a Trading System.
CHAPTER 6 Examples of Trend Analysis.
Stocks.
Commodities.
The E-Minis.
Forex.
Bonds.
Conclusion.
CHAPTER 7 Advanced Able Trend Tools.
Virtual Paper Trading (VPT).
Historical Forward Testing.
Auto Scan.
The Percent Charts.
The Guidance Charts.
Stock Search Engine–Stock Picks.
Visual or Chart Trading.
Automated Trading Orders.
Options Trading.
Spread Trading.
Portfolio Trading.
Summary.
APPENDIX A: Interviews with Able Trend Users.
John Meyer.
Bob Seifert.
Harvey Saff.
Gerry Wollert.
Mike Weingart.
Alex Kuan.
Remco Eenink.
Chris Anthony.
Jim Kane.
David Fawkes.
APPENDIX B: Quick Reference for STM.
STM Trading Method.
References.
About the Authors.
Index.
लेखक के बारे में
John Wang (Hayward, CA) is co-founder, chairman, and CEO of Able Sys. He co-founded Able Sys Corp. in 1994, and created the Spyglass Trading system in 1992, ASCTrend indicators in 1995, and developed the e ASCTrend trading system in 2000. Able Trend 7.0 was launched in 2000. Dr. Wang holds a B.S. in chemical physics from the University of Sciences and Technologies of China (USTC), an MS in quantum chemistry from Zhongshan University, and a Ph.D. in major physical chemistry from University of California Santa Cruz where he was awarded a Regents Fellowship. His research has been published in top scientific journals including Chemical Physics Letter and the Journal of Physical Chemistry, among others. He was a senior and chief scientist at Telo Sense Corp. Dr. Wang began trading commodities in 1990 and is an active trader today, registered as a CTA (Commodity Trading Advisor. Dr. Wang’s extensive backgrounds in both trading and natural science make him uniquely qualified to create and test computerized trading systems.
Grace Wang (Hayward, CA) is vice president of Able Sys and received an MA in sports psychology in 1987 from California State University Sacremento, and an MA in physical education and gymnastics from Shanghai Institute of Physical Education in 1981. Grace became a CTA in 1995 and has been a frequent panel speaker at financial trade shows since 1999.
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