An expert reveals a step-by-step process for profiting from neoclassical qualified trend trading
Trend Trading Set-Ups extends the neoclassical concept of qualified trend first introduced by Little in Trend Qualification and Trading, providing traders and investors with a sound methodology for uncovering the very best trade set-ups and the ability to time trade entries like never before. In Trend Trading Set-Ups, Little reveals the data behind qualified trends and utilizes a novel concept involving time to calculate trend failure probability rates.
Little reduces the complex to its most simplistic form compressing all trades types into just two classes – retraces and breakouts. Once simplified, over a decade worth of qualified trend data is examined. The result is a comprehensive presentation of what makes some trades enormously better than others and how you can both find and exploit the most favorable trade set-ups.
Some trading books are an interesting read but soon forgotten. A few books you place on the reachable shelf and refer to often. In Trend Trading Set-Ups L.A. Little offers you an entirely new way of approaching an old subject and does so in a style that is both as riveting as it is valuable. As with Trend Qualification and Trading you will find this book an easy but comprehensive read and one that you will turn to again and again while pursuing your trading and investing endeavors.
By:
L. A. Little
Foreword by:
Alan Farley
Imprint: John Wiley & Sons Inc
Country of Publication: United States
Dimensions:
Height: 236mm,
Width: 163mm,
Spine: 27mm
Weight: 472g
ISBN: 9781118072691
ISBN 10: 1118072693
Series: Wiley Trading
Pages: 272
Publication Date: 12 December 2017
Audience:
Professional and scholarly
,
Undergraduate
Format: Hardback
Publisher's Status: Active
Foreword ix Acknowledgments xi Introduction 1 PART I 7 CHAPTER 1 Identifying and Qualifying Trend Probabilities 9 Trend Determination 10 Qualified Trend Failure Probabilities 13 Qualified Trade Failure Probabilities 31 Summary 37 CHAPTER 2 Anchor Zones: The Key to Timing Trades 41 Anchor Bars and Zones 42 Reconsidering Trade Failures 46 Summary 54 CHAPTER 3 Broader Influences Affecting Stocks 55 Sector Congruence 59 Virtual Industry Groups—Future Direction 72 General Market Congruence 74 Summary 81 PART II 85 CHAPTER 4 Formulating a Workable Trading Plan 89 Trend Direction and Strength 90 Time Frames 94 Entry and Exit Timing 95 Trading Size, Scale Trading, Trade Success Probabilities, and Reward-to-Risk Ratio 100 Evaluating and Acting Upon the Plan 104 Summary 105 CHAPTER 5 The Data behind Trend Trade Set-Ups 107 The Only Two Types of Trade Set-Ups 108 Trading Breakouts and Retraces 111 Breakouts versus Retrace Trade Probabilities 113 Probabilities for Trade Set-Up Scenarios 122 Summary 133 CHAPTER 6 Sideways Range Trades 135 Trade Set-Up Conditions and Categorizations 136 Trading Sideways Trends 137 Summary 155 CHAPTER 7 Breakout and Retrace Trade Set-Ups 157 Retrace Trade Set-Ups 158 Breakout Trade Set-Ups 186 Considering Other Trade Set-Ups 199 Trade Set-Up Rationale and Thoughts 201 Summary 205 Conclusion: Unleashing Trade Potential 207 Appendix: Data Tables 209 About the Author 241 Index 243
"L. A. LITTLE is what Jim Cramer called a ""technician extraordinaire"" on his Mad Money television show. Little is a professional trader, money manager, and writes frequently for online publications including Minyanville.com and MarketWatch.com while continuing to contribute articles to well-known print publications like Stocks & Commodities, Active Trader, and Traders World. Little has presented in numerous conferences both domestically and internationally, appeared on syndicated radio shows, and provides daily market analysis and the tools to implement the trading strategies covered in this book on his website TAToday.com. With a trading philosophy centered on capital protection first and the accumulation of consistent gains over time, Little espouses a simplistic technical approach to trading the markets that refocuses technical analysis away from patterns to supply and demand levels. He is the author of Trend Qualification and Trading, also from Wiley."
