Partial table of contents:
Trading--The Last Frontier.
The Odds Against You.
INDIVIDUAL PSYCHOLOGY.
Fantasy Versus Reality.
Self-Destructiveness.
Trading Lessons from AA.
Winners and Losers.
MASS PSYCHOLOGY.
What Is the Market?.
The Market Crowd and You.
Managing Versus Forecasting.
CLASSICAL CHART ANALYSIS.
Support and Resistance.
Trendlines.
Chart Patterns.
COMPUTERIZED TECHNICAL ANALYSIS.
Moving Averages.
The Directional System.
Williams %R.
Relative Strength Index.
THE NEGLECTED ESSENTIALS.
Volume-Based Indicators.
Herrick Payoff Index.
STOCK MARKET INDICATORS.
New High-New Low Index.
PSYCHOLOGICAL INDICATORS.
Consensus Indicators.
NEW INDICATORS.
Elder-Ray.
TRADING SYSTEMS.
Triple Screen Trading System.
Channel Trading Systems.
RISK MANAGEMENT.
Money Management.
Afterword.
Sources.
Index.
About the author
ALEXANDER ELDER, MD, was born in Leningrad and grew up in Estonia where he entered medical school at the age of 16. At 23, while working as a ship's doctor, he escaped from a Soviet ship in Africa and received political asylum in the U.S.A. He continued to work as a psychiatrist in New York City, served as book editor of The Psychiatric Times, and taught at Columbia University. After becoming involved in financial trading, Dr. Elder published over 50 articles, software, and book reviews, and spoke at many conferences. In 1988 he founded Financial Trading Seminars, Inc., an educational firm for traders.
Soviet-born author and practicing psychiatrist Elder (director, Financial Trading Seminars, Inc.) shares his learning over the years as a professional trader and expert in technical analysis and his principle of understanding the three Ms (Mind, Method, Money), which will strengthen the discipline required to be successful in trading. He explores crucial factors in the markets that most experts overlook, including time, volume, and open interest, and describes little-known indicators to track them profitably. In addition, he covers many of the more technical approaches to investing in futures, such as factoring in the meaning from the Elliott Wave, oscillators, moving averages, Market Logic, and point-and-figure charting. His unique viewpoints in this overly saturated genre explain his particular view that most traders sabotage themselves, while offering tips for others to avoid doing the same. The narration by Richard Davidson soundly guides the listener through this highly specialized work that, although first published seven years ago, remains recommended for university libraries supporting a finance and business curriculum.DDale Farris, Groves, TX Copyright 2001 Cahners Business Information.
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