Advanced Charting Techniques for High Probability Trading The Most Accurate And Predictive Charting Method Ever Created
by Hooper, Joseph R.; Zalewski, Aaron R.; Watanabe, Edwin L.Format: Hardcover
Pub. Date: 2013-02-18
Publisher(s): Wiley
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Summary
Advanced charting techniques have historically not been a part of the Compound Stock Earnings method. Rather, the focus of the CSE method has been to understand simple bias in stock price direction and to act accordingly. When a stock is high in its current cycle, the bias is down. When a stock is low in the current cycle, the bias is up. To understand this bias, a simple straight line (or open high low close) chart is used. This method of understanding simple bias has been applied, and proven successful, for years using the CSE Covered Call, LEAPS and Credit Spread techniques. This book will utilize charting to identify the four phases of a cycle--the Birth, Momentum, Exhaustion and Death Phases, and to reap the benefits of getting in and out of a stock in order to maximize profits.
Author Biography
Joseph Hooper (Fort Worth, TX) has been a property developer, stockbroker, and bank owner. He founded Compound Stock Earnings 11 years ago - coming out of retirement. As president of CSE, Hooper is now a full time investor, financial educator, and one of the world's foremost experts on Covered Calls. In the early 1980s Hooper purchased two banks, directed their operations, and then sold them in the early 1990s. He joined Merrill Lynch as a private client advisor where he used his covered calls technique for client accounts. At Merrill, he developed the "Interest Rate Differential Yacht Financing" the success of which led him to be the highest funds originators for the company.
Aaron Zalewski has a career background in the finance industry where he worked as an Analyst covering both Equity Capital Markets and Merger and Acquisitions transactions for a major Australian investment bank. Aaron is Co-Author of the Compound Stock Earnings book series including Covered Calls: A Wealth Option and LEAPS to Wealth. Along with Joseph Hooper, he also co-hosts Compound Stock Earnings weekly financial talk back radio program "UNCONVENTIONAL WI$DOM - The CSE Investment Show" which airs live every Saturday morning on KRLD 1080 AM in Dallas.
Ed Watanabe is a charting specialist at Compound Stock Earnings.
Table of Contents
Preface
Chapter 1: Introduction to Advanced Charting
Why Use Charting?
Advanced Charting Techniques
Validating the V
Advanced Charting Upper and Lower Indicators
Chapter 2: Straight Line Chart
Straight Line Charting / Parallel Channels
Chapter 3: Direction of a Trend
Four Phases of a Cycle
Moving Averages Defined
Moving Average 1 – Lead MA1 (white) M1
Moving Average 2 – M2 (green)
Moving Average 3 – M3 (blue)
Chapter 4: Moving Average Crossovers
M1 (white) Crossing M2 (green).
M1 (white) Crossing M2 (green) and Then Crossing M3 (blue)
12 Key Points of M1, M2, and M3 Crossovers
Supplementary Moving Averages
Chapter 5: Bollinger Bands, PSAR, Channels, Zones, and FTL
PSAR
Channel Indicators – C1, C2, C3
Zones
Friday Target Line – FTL
Chapter 6: Putting It All Together – MAs and the BBs
Window 1 – Chart 1 Analysis
Chapter 7: Lower Chart Indicators L1 through L4
Defining the Lower Chart Indicators
Chapter 8: The Second Chart—Window 2—Chart 2
Modified Candle
Understanding the Modified Candle
Pivot Points – Support and Resistance
Second Chart Lower Indicators – L5—L8
Chapter 9: Recap of Advanced Charting
Entering New Positions on the Roll Up Above M2
The Roll Up Below M2
The Touch / Convergence – Example 1
The Touch / Convergence – Example 2
The True V / Double V
Enhancing the KADD and the 10 Cent Rule
Entering New Position on the Roll Up
Upward Momentum Confirmed
Exit the Position When Price Tic Falls Through M1
TSS for Income
TSS—Stacked Up with M1 Rolling Down.
TSS—Upward Moving M1 and Roll at M2
When to Buyback a TSS
TSS—Upward Moving M1 and Roll at M2
Chapter 10: RS – Advanced Charting Relative Strength Indicator
Conclusion
Free Trial Software
About the Authors
Index
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