The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities / Edition 1by Alan Farley
Pub. Date: 12/13/2000
Publisher: McGraw-Hill Professional Publishing
This complete, practical
Swing trading is gaining popularity as a powerful method to increase returnsand potentially lower risksby profiting from short-term price moves. The Master Swing Trader explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops.
This complete, practical guide to making profitable short-term tradesbased on the author’s popular “Mastering the Trade” online courseuses dozens of charts and graphs to illustrate proven swing trading concepts and strategies. Experienced day, position, and online traders will benefit immediately from:
- The 7 Bells – unique tools to uncover promising short-term prospects
- Techniques to profit from low-risk short sales
- The 4 repeating cycles for perfectly timed trades
- McGraw-Hill Professional Publishing
- Publication date:
- Sales rank:
- Product dimensions:
- 7.80(w) x 9.50(h) x 1.39(d)
Table of Contents
Part I: The Gateway to Short-Term Trading.
Chapter 1. Trading the Pattern Cycle.
Chapter 2. Preparing for the Market Day.
Chapter 3. Analyzing the Market.
Chapter 4. Building a Swing Trading Strategy.
Chapter 5. Mastering the Tools.
Chapter 6. Understanding Time.
Part II: The 7-Bells: Tools to Locate Outstanding Opportunities.
Chapter 7. Mastering the Setup.
Chapter 8. Dip Trip.
Chapter 9. Coiled Spring.
Chapter 10. Finger Finder.
Chapter 11. Hole-in-the-Wall.
Chapter 12. Power Spike.
Chapter 13. Bear Hug.
Chapter 14. 3rd Watch.
Part III: Making the Trade.
Chapter 15. Precise Trade Execution.
Conclusion: Thirty Rules for the Master Swing Trader.
Most Helpful Customer Reviews
See all customer reviews
This book deserves one star because the author sounds like Kung Fu's main character, Kwai Chang Caine. Mr. Farley fails miserably at clearly communicating his ideas/concepts and the writing is verbose. An educator is supposed to make complex concepts simpler to understand 'think Einstein and his theory of relativity'. The prose in Master Swing Trader is pretentious, redundant and roundabout.
Talk about re-inventing the wheel! Apparently the standard terms of technical analysis per Edwards and Magee, Elder, Murphy et alia aren't good enough for Alan Farley: he invents his own. The reader, to follow Farley's exposition, must therefore translate. Farley's way with words would make that task painful even if it were to prove worth the effort - he's a terrible writer, and if there is some logic to the organization (and I use the term loosely) of his thoughts, it eluded this reader. There are better books out there.
I really can't recommend this book. Its long winded and never really seems to get to the point. It also not very practical in terms of what I see when I trade.
There are some good principles in the book, but its way to easy to get lost in all of the repetition and blandness. The section on fibonocci retracements was useful and seems to work well for me in practice; however, I didn't get much else from the book.
If you read, from the publisher, no wonder the book is the same. The entire book is expanded. Save the paper. Ever learned to be concise? My writing teachers would scream. I definitely screamed. The book has a lot of good stuff. But you cant get to it if there's too much overwrite before you can get to the things you want. Besides it really gets boring. I dont think anyone actually finished reading the book. The book would do better if written from a beginners or intermediate traders point of view and not an unneeded madeup high and mighty point of view.
This is an outstanding book on the markets. I've been trading for over 17 years, but Farley introduces a ton of stuff that I've never heard of before. His point of view is fascinating and there is absolutely no hype or hard-sell in the text. Quite amazing after all the garbage in other trading books published the last couple of years. Very well-written, comprehensive and satisfying in both general concepts and detailed trading strategies. In going through this book, I got the feeling that I was reading the next trading 'classic'. In many ways, Master Swing Trader belongs up there with those few books that traders 'must' read to complete their market education. Hats off to Alan Farley!