Four Steps to Trading Success: Using Everyday Indicators to Achieve Extraordinary Profits - Hardcover

Clayburg, John F.

Hardcover

ISBN 10: 0471414824 ISBN 13: 9780471414827

Publisher: Wiley, 2001

Synopsis

Everything a trader needs to know to develop a successfulsystem
Technical analysis--the reading of price and volume charts toidentify trading opportunities--has long been a staple in thetrader's toolkit. Well before computers took much of the labor outof technical analysis, traders have examined trends, filters,patterns, and especially indicators to help them identify when toget in and out of trades for maximum profit. Now, a highlyexperienced analyst divulges his proven techniques for identifyingthe major trend, determining the "trend within the trend," findingthe optimal entry, and then choosing the right time to get out. Heshows traders how to most effectively use multiple indicators andknow what they are really telling about the markets. While histechniques can be used without the aid of computers, he explainshow readers can automate their systems using commercially availablesoftware.
John F. Clayburg (Coon Rapids, IL) is a technical analyst with overtwenty years in the game. He is the developer of the Cylone S &P Day Trading System and the author and developer of Parallel UserFunction Technology, a unique self-adaptive trading softwareplatform.

About this title

About the Author

JOHN F. CLAYBURG, DVM, has been involved in trading systems development for over twenty years. He is the developer of the Cyclone S&P Day Trading System, a system consistently ranked in the top five and often #1 by Futures Truth. He is also the author and developer of Parallel User Function Technology, a unique, self-adaptive trading software platform that gives systems and indicators uncommon resilience. Dr. Clayburg is a frequent speaker at industry conferences and holds system development seminars for clients around the world.

From the Back Cover

Develop a successful trading system and achieve extraordinary profits

"This is by far one of the best trading books to come along in a long time. It deals with specifics in market entry, exits, and stop placement in a simple, understandable approach. This is a well-defined trading plan that will benefit both the long-term and short-term stock trader. Buy it. You will not be disappointed."-John Hill, President, Futures Truth Co., coauthor, The Ultimate Trading Guide

In a straightforward, easy-to-follow format, John F. Clayburg divulges his techniques for identifying the major trends, determining the "trend within the trend," finding the optimal entry, and then choosing the right time to get out. More than just a guide to indicators, the book teaches investors how to observe, analyze, and recognize patterns that will help them make smart trading decisions, in any market.

Here are just some of the strategies covered:
* How to use and interpret indicators that are freely available on the Web
* How to develop an effective system
* How to use a simple early morning technique that will significantly increase the accuracy of your daily trading
* How to achieve your own optimal trading frequency
* How to interpret multiple indicators for optimum returns
* How to automate your system using commercially available software

Filled with useful, time-tested techniques that will never become obsolete, regardless of advances in technology, Four Steps to Trading Success is a must for any serious day trader looking to improve his or her track record.

From the Inside Flap

Success in any area of endeavor, whether it be a craft, the arts, or business, is not based on having the right equipment, or raw materials, but rather on knowing how to use them. Likewise, success in the stock market is not dependent on having access to good indicators, but rather, on knowing how to read them against prevailing market conditions.

Technical analysis, the reading of price and volume charts to identify trading opportunities, has long been a staple in the trader's toolkit. And with the advent of online trading, technical analysis has become more readily available to traders than ever before.

However, even with multiple Web sites offering a variety of common indicators along with the guidelines on how to apply them, many traders are still not realizing the kind of profitable results they could be achieving.

In Four Steps to Trading Success, Dr. John Clayburg, a technical analyst with more than twenty years in the game, provides the serious day trader with a wide array of tools that can be used to build an effective day trading system, regardless of the indicators. In clear, easy-to-understand language, Clayburg explains how to use and interpret common indicators that are freely available on the Web to develop a trading strategy that fits each trader's personal goals and ambitions.

Clayburg's goal is not to teach a system that, when blindly adhered to, will bring everyone the same results. Rather, he strives to instill a new mind-set, combining proven techniques with logical processes and some commonsense filters to enable traders to "customize" their own trading strategies using their own personal experiences, observations, and interactions to achieve greater trading success. For example, the author introduces the use of a simple early morning filter that, with 75 percent accuracy, defines each trading day in such a way as to make the interpretation and use of indicators much more reliable. By using this technique to enter the market each day, traders can significantly increase the accuracy of their trading.

Whether the goal is finding out how to get the most mileage out of online trading, learning how to interpret multiple indicators for a more accurate picture of the market, or just gathering some new insights to help improve one's game, Four Steps to Trading Success promises to make any trader a more informed, more successful investor.

Edition details

• Publisher: Wiley
• Publication date: 2001
• Language: English
• ISBN 10: 0471414824
• ISBN 13: 9780471414827
• Binding: Hardcover
• Edition number: 1
• Number of pages: 320