The breakthrough trader’s guidebook that combines the latest, most promising methods of technical analysis with the classic tactics of risk control and money management… In The New Technical Trader, trading system wizard Tushar Chande and money management expert Stanley Kroll present a bold new array of dynamic, price-based, and risk control indicators that provide timely, reliable answers to the difficult analytic challenges of pattern recognition, variable indicator length, and price projection. Developed by the authors to overcome the specific limitations of existing technical indicators, they can be used in virtually any market—futures, commodities, stocks, indices, and mutual funds. Each new indicator is supported by step-by-step tutorials and real-world trading scenarios that illustrate the best strategies for its use, and show how to adapt it to your trading style. Now you can develop a successful, comprehensive personalized trading plan using:
- New momentum oscillators—the Chande momentum oscillator, stochastic RSI oscillator, variable-length dynamic momentum index—that overcome the limitations of the relative strength index
- Qstick, a quantitative candlestick that generates objective numbers instead of subjective patterns
- Linear regression analysis that quantifies trendiness, projects prices, and prompts the development of a better game plan
If you need to reliably project prices under different market conditions, estimate risk on new positions, create stops to cut your losses, or plot momentum swing failures, The New Technical Trader is your first place to turn. It’s the frontline guide for developing objective consistency in your decision making and gaining a valuable edge in today’s commodities, currency, and stock markets.
About the authors TUSHAR S. CHANDE is a scientist, inventor, and, since 1987, an innovative technical analyst and trading system developer. He has a PhD in engineering from the University of Illinois, and an MBA from the University of Pittsburgh. He has published many scientific papers in engineering journals, and holds nine U.S. patents for creative solutions to flexible manufacturing problems using high-power lasers and optical fibers. He is a prolific contributing editor of the trader’s magazine, Technical Analysis of Stocks and Commodities. He is in the process of setting up his own money management company. STANLEY KROLL is one of the most respected individuals in the futures industry and was prominently featured in the bestselling The Money Masters, as one of the nine leading global money managers. A five-year veteran of the Financial World’s commodity column, he is the author of The Professional Commodity Trader and the classic Kroll on Futures Trading Strategy. His most recent book is The Business One Guide to the Futures Markets, written with Michael J. Paulenoff. He is currently with Lippo Futures Ltd. in Hong Kong.
