AbleTrend: Identifying and Analyzing Market Trends for Trading Success

Overview

A worldwide leader in financial trading software shares one of its most successful systems

In AbleTrend, Dr. John Wang discloses for the first time, the fundamental principles behind his bestselling and award-winning trading system, AbleTrend signals. Sophisticated in scope, yet written in a way that any trader can understand, this book skillfully presents the theory behind this award-winning system.

This reliable resource presents the logic of...

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Overview

A worldwide leader in financial trading software shares one of its most successful systems

In AbleTrend, Dr. John Wang discloses for the first time, the fundamental principles behind his bestselling and award-winning trading system, AbleTrend signals. Sophisticated in scope, yet written in a way that any trader can understand, this book skillfully presents the theory behind this award-winning system.

This reliable resource presents the logic of a proven system that reveals the direction of a trend at its early stage in all markets-stocks, commodities, foreign currencies, ETFs, e-Minis, and mutual funds. It also identifies objective, automatic buy/sell/stop signals, helping you manage risk, make rational trading decisions, and eliminate the guesswork.

  • Pinpoint when market trends start and end, and where the key support and resistance are
  • It's universal-applied to any market and any time chart
  • Applications are offered with over 20 real-market case studies
  • AbleTrend confidential seminar costs $2,000, now you may get the secrets from this book
  • AbleTrend was developed by a recognized authority and expert trading system developer

AbleTrend presents innovative decision-making trading concepts that will allow ordinary traders to identify market trends and seek profits from them.

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Product Details

  • ISBN-13: 9780470581209
  • Publisher: Wiley
  • Publication date: 4/26/2010
  • Series: Wiley Trading Series , #461
  • Edition number: 1
  • Pages: 268
  • Sales rank: 1,203,553
  • Product dimensions: 7.20 (w) x 10.00 (h) x 1.20 (d)

Meet the Author

John Wang, PhD, is cofounder, Chairman, and CEO of AbleSys Corporation. He cofounded AbleSys in 1994, and developed the Spyglass trading system in 1992, ASCTrend indicators in 1995, and the eASCTrend trading system in 2000. Wang began trading commodities in 1990 and is an active trader today, registered as a Commodity Trading Advisor (CTA) since 1995. His research has been published in top scientific journals, including Chemical Physics Letters and the Journal of Physical Chemistry, among others.

Grace Wang is cofounder and Vice President of AbleSys. She received an MA in sports psychology from California State University, Sacramento, and an MA in physical education and gymnastics from Shanghai Institute of Physical Education. Wang became a CTA in 1995 and has been a frequent panel speaker at financial trade shows since 1999.

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Table of Contents

Foreword.

Preface.

What You Will Find in the Book.

What You Will Find on the Web Site.

Disclaimer.

As You Begin.

Acknowledgments.

CHAPTER 1 The Search for a Universal Market Law: The Rise of AbleTrend.

Complete Chaos or Hidden Order?

When My Interest in Trading Began.

A Scientific Antidote to Arbitrary Market Predictions.

First Steps: Becoming an EasyLanguage System Developer.

The Trend: Foe or Friend?

The Fundamental Approach.

The Dream of a Universal Early-Trend Indicator.

Could the Laws of Natural Sciences Also Govern the Financial Markets?

The Birth of AbleTrend.

CHAPTER 2 Advances in Market Trend Analysis.

What Is a Trend?

The Setup of a Trend.

Maturity of a Trend.

Drawing Trendlines.

Support and Resistance.

The Market Defines Support and Resistance.

How Common Methods Define Support/Resistance Levels.

How AbleTrend Defines Support and Resistance Levels.

AbleTrend Indicators.

Other Trend-Following Indicators.

Market Indications.

Three Rules for Following Trends.

The Golden Region of Entry: The Sweet Spot.

Time, Price, Forecasts, Predictions, and Targets.

Cycles and Waves.

Summary.

CHAPTER 3 Four Elements of Trading Success.

Profitable Trading Systems and Methods.

Adequate Capitalization.

Money Management Strategy.

Discipline or a Winning Trading Psychology.

Conclusion.

CHAPTER 4 Essential Philosophy of Trend Trading.

Wisdom of the Tao.

Trading Is a Business.

Only Trend Following Works.

Don’t Trade Against the Market.

Which Market Is the Most Tradable and Why?

Why Voting Systems Do Not Work.

Why $500 or 5 Percent Stops Do Not Work.

Why the Winning Rate Is Not Important.

Why You Cannot Pick a Top or Bottom.

How to Let Profits Run.

How to Cut Losses Short.

Go the Opposite Way of the Majority.

Trade Only the Risk Capital that You Can Afford to Lose.

If You Want to Win, Think About Loss.

Place Yourself beyond the Possibility of Defeat.

Trading Is the Most Difficult Thing in the World.

Conclusion.

CHAPTER 5 The Applications.

What Is the “Winning Framework” for a Trading System?

STM Method—Buy on Blue and Sell on Red.

Evaluate a Trading System: Back-Testing.

Four Important Issues for Parameter Settings.

AbleTrend2 Stops.

The Sweet Spot—Golden Region of Entry.

Finding the Character of a Particular Market.

Trend Time Frames.

Avoid Choppy Markets.

Breakout or Retracement.

Day Trading versus Swing Trading.

In Conclusion: The Five F’s of Designing a Trading System.

CHAPTER 6 Examples of Trend Analysis.

Stocks.

Commodities.

The E-Minis.

Forex.

Bonds.

Conclusion.

CHAPTER 7 Advanced AbleTrend Tools.

Virtual Paper Trading (VPT).

Historical Forward Testing.

AutoScan.

The Percent Charts.

The Guidance Charts.

Stock Search Engine—Stock Picks.

Visual or Chart Trading.

Automated Trading Orders.

Options Trading.

Spread Trading.

Portfolio Trading.

Summary.

APPENDIX A: Interviews with AbleTrend Users.

John Meyer.

Bob Seifert.

Harvey Saff.

Gerry Wollert.

Mike Weingart.

Alex Kuan.

Remco Eenink.

Chris Anthony.

Jim Kane.

David Fawkes.

APPENDIX B: Quick Reference for STM.

STM Trading Method.

References.

About the Authors.

Index.

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  • Posted May 27, 2010

    What do you get when you combine Lao Tzu (father of Taoism), a Ph.D. in Physical Chemistry from University of California, and the emergence of Online Trading?

    What do you get when you combine Lao Tzu (father of Taoism), a Ph.D. in Physical Chemistry from University of California, and the emergence of Online Trading? You get advanced algorithms that can be applied with a human touch. John and Grace Wang (equally impressive with a MA in Sports Psychology) have mastered the ability to integrate human behavior with technical analysis and then explain it to us in an easy to understand manner. In their book, AbleTrend Identifying and Analyzing Market Trends for Trading Success they take us through the basics of the Zero Sum Game, remind us that trading is "the most difficult thing in the world", and then shows us their logic in analyzing the markets. This is a good book to have in your traders library.

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