Trading Tools and Tactics – Reading the Mind of the Market

From the founder of The Pristine Method and master trader Greg Capra

A highly effective and simple technical method to profitably trade or invest TODAY.   [See Table of Contents]

Trading Tools & Tactics

Many trading books present esoteric trading concepts and complicated indicators that may look good on paper when viewing the past, but prove ineffective in the real world.

Trading Tools and Tactics: Reading the Mind of the Market doesn’t just make investing look easy; it makes trading easy by teaching you not only how to identify key price moves, but also why prices move the way they do.

In this excellent must have book you’ll discover:

  • How to manage trades most effectively and set optimal entries and stops.
  • Keys that help you understand how failed trades or chart patterns of the past can become new opportunities.
  • How to correctly identify and understand supply and demand as it relates to resistance and support.
  • How to expertly combine and read multiple time frames that offer the best opportunity to take profits.
  • Important concepts and practical tools to use for life!…not just the current market.
  • Much more!

Profitable investing is all about finding the right price patterns. Trading Tools and Tactics clearly and simply teaches you how to profit. Read this very important book from a trading master and really understand support, resistance, trends, and volume…as well as how to identify the best time frames to trade!

Don’t wait. ORDER NOW!

Table of Contents

  • Introduction: The Journey Begins XI

CHAPTER 1 Subjective Doesn’t Work in the Market: Technical Analysis Is the Objective Standard 1

  • The Guru Syndrome 1
  • The Pitfalls of Fundamental Analysis 2
  • Technical Indicators: Adding Subjectivity to the Chart 5
  • Approaching the Markets Objectively 8
  • In Summary 14

CHAPTER 2 Candlestick Analysis: Using the Language of Candles to Profit from Market Moves 17

  • A Single Candle 18
  • Multiple Candle Formations 21
  • Failure Is Not Always Bad 29
  • In Summary 31

CHAPTER 3 Support and Resistance: Price Is King 33

  • Price Patterns 33
  • Recognizing Reference Points 36
  • The Two Forms of Support and Resistance: Major and Minor 40
  • How Support and Resistance Areas Form 46
  • In Summary 56

CHAPTER 4 Moving Averages the Right Way: Visual Aids to Price Action 57A

  • Valuable Technical Measurement 57
  • Convergence Can Help 63
  • Moving Averages as Focal Areas 67
  • Staying Objective 69
  • A Few Good Rules While Using Moving Averages 74
  • Other Points to Consider 75
  • Moving Averages to Find Plays 78
  • In Summary 79

CHAPTER 5 Volume Is Money: Commitment to Prices 81

  • The Fallacies of Volume 81
  • Using Volume Properly 85
  • The Primary Uses of Volume 87
  • Volume As It Relates to Tradability 98
  • In Summary 101

CHAPTER 6 Retracement Analysis: Using Retracement Analysis to Continue Your Move 103

  • The Concept of Retracements 103
  • To Retrace or Not to Retrace? 106
  • Retracements Imply a Trend 107
  • Continuing To Keep It Objective 111
  • What Lies Beyond 60 Percent? 111
  • Retracement Levels in Downtrends 114
  • A Special Retracement Pattern 115
  • Retracement Levels in Sideways Trends 117
  • What Lies Beyond 100 Percent? 118
  • The Bigger Picture 121
  • In Summary 123

CHAPTER 7 Bar-by-Bar Analysis: Each Bar Tells Us Something 125

  • Objectivity Is Still the Goal 126
  • A Quick Review of Individual Bars 126
  • How the Bars Interact 128
  • Additional Thoughts 135
  • In Summary 137

CHAPTER 8 Market Internals: Examining the Direction of the Market 139

  • Determining Price Movement 141
  • When to Be Different 143
  • Favorite Market Internals 143
  • A Quick Overview of Intermarket Analysis 157
  • In Summary 158

CHAPTER 9 Relative Strength: Relative Strength Defined 159

  • Identifying Different Types of Relative Strength 160
  • Is Relative Strength Always Good? 166
  • Relative Strength and Weakness with Morning Gaps 170
  • Relative Strength with Sector Analysis 172
  • Relative Strength to Market Internals 173
  • In Summary 174

CHAPTER 10 The Trend Is Your Friend: There Are Only Three Directions 177

  • What Makes a Trend? 178
  • Pivots 178
  • When Pivots Come Together 182
  • Some Subjective Guidance 186
  • Keeping It Clean 188
  • Checking the Reaction 192
  • Final Thoughts 198
  • In Summary 200

CHAPTER 11 Shoot the Gap: What Is a Gap? 203

  • What Causes a Gap? 206
  • Fallacies about Gaps 207
  • Gaps and the Daily Chart 209
  • The Intraday Play 214
  • In Summary 219

CHAPTER 12 Frame-by-Frame: The Concept of Multiple Time Frames 221

  • Which Time Frames? 221
  • The First Goal of Using Multiple Time Frames 223
  • A Powerful Concept Emerges 228
  • Warning Signs in the Micro Trend 230
  • Hidden Patterns 233 In Summary 236

CHAPTER 13 Making Failure Work for You: Recognizing When Patterns Fail 239

  • Did the Play Stop, or Did the Pattern Fail? 241
  • When Good Patterns Fail 242
  • Capitalizing on Predictable Failures 246
  • Expected (or Unexpected) Failure 248
  • In Summary 250

CHAPTER 14 Manage the Trade and the Money: The Missing Link 253

  • Managing the Money—Share Size 253
  • How Much to Risk 257
  • Managing the Money—Throughout the Day 259
  • Considerations When Swing Trading 260
  • Basic Trade Management Concepts 262
  • Managing the Trade—Staying with the Trend 264
  • Managing the Trade—Zooming Down 265
  • In Summary 267

CHAPTER 15 Getting Through a Typical Trading Day: Strategies to Incorporate into Your Daily Routine 271

  • Beginning Your Day 271
  • Planning Your Trade, Trading Your Plan 273
  • After the Close 275
  • Maximizing the Winners, and Handling the Losers Properly 277

CHAPTER 16 There Is Only One Truth in the Markets 279

  • Price Is King 279
  • Appendix A: Abbreviations 283
  • Appendix B: Trade Types 285
  • Glossary 287
  • About the Companion Website 299
  • Index 301

 

The Master Trader All-Inclusive Advisory Membership is based on all concepts from Mr. Capra’s books