Trend Qualification and Trading: Techniques To Identify the Best Trends to Trade (Wiley Trading) Review

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(More customer reviews)Having read a number of books on technical analysis in an effort to make myself a better investor, I gave "Trend Qualification & Trading" 5 stars. With this book, L. A. Little has made a significant contribution to the practice of technical stock analyis. He presents new thought, built upon classical trend analysis, that you won't find anywhere else.
My personal style is to be more of an investor than a day trader. I prefer to develop investment (as opposed to trading) ideas based on fundamentals and an analysis of value. Like many investors, I have lost faith in the old "Buy and Hold" philosophy and have added various technical analysis techniques to my tool kit in an effort to identify lower risk entry and exit points. The concepts presented in this book are a different way of evaluating the current market risk of broad markets, sectors, and individual stocks. I have applied these concepts to my own trading for around a month now and definitely feel they have improved the quality of my buy/sell decisions. Once you read this book, my bet is you will never look at a stock chart in the same way again.
One of the previous reviewers complained that the second half of the book contained no "well defined rules" for active traders. I am certainly not a day trader, but would suggest that those of you who are may want to check out Little's website, [...], to develop additional understanding of how Little applies the book's principles to his own day trading.

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Technical analysis expert L.A. Little shows how to identify and trade big market moves
Significant money can be made in the stock market by following big trends. In Trend Qualification and Trading, market technician L.A. Little explains how to identify and qualify these trends to determine the likelihood that they will continue and produce better trading results.
By combining price, volume, different timeframes, and the relationship between the general market, sectors, and individual stocks, Little shows how to measure the strength of stock trends. Most importantly, he demonstrates how to determine if a trend has what it takes to develop into a major move with greater profit potential or if it is basically a false signal.
Takes a proven technical approach to identifying and profiting from financial market trends
Shows how to best time entries, when to take profits, and when to exit trades
Introduces Little's proprietary concept, The Trading Cube, which visually combines time and trend for a given trading instrument

Filled with in-depth insights and practical advice, this guide will help you make more of your time in today's markets by providing an in-depth explanation of how to identify and qualify trends.

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Dave Landry on Swing Trading Review

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(More customer reviews)First off, let me say that I have made a lot of money using the information in this book as a basis. But I have found that the market has been changing over the past year or two to make the techniques in here less reliable. I have had to work to tune the information in this book to be more suited for today's markets.
Most of the book is based around finding stocks that have a strong uptrend (or downtrend for shorting opportunities) by utilizing the ADX/DMI technical indicators. Then, you look for a recent high and a pullback of a few days. The idea is that these stocks will recover and shoot higher. He gives a bunch of charts showing stocks during the tech boom reaching new highs, pulling back for 3 or 4 days, then shooting up to astronomical heights. He also gives some variations on this same theme, but most are based on the ADX indicator.
While this is a good basis for finding plays, it does not yield many plays these days on a day to day basis. I wrote software to search out the types of price movement he talks about. In any given day, you will find maybe 20-50 (out of 3000 stocks I scan) stocks that loosely fit his criteria. Out of these, there are maybe 10 that match his criteria, and the next day, maybe 1 stock will follow the pattern. But I don't see many at all reaching the high from before the pullback, never mind shooting astronomically higher.
Further, to get anything out of this book, you will need software that is capable of scanning the market. You will never be able to find these plays manually.
Thus, I can recommend this book if you have access to such software or are capable of writing your own software, as I did. If you do, you can tune these techniques and do quite well for yourself. But otherwise, I can't see spending [money]for this book, for the reasons mentioned above.

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No time to day trade? Intermediate-term and long-term trading not enough? Then, swing trading is for you. Now, David Landry, Director of Trading Research for TradingMarkets has put his entire swing trading methodology into one book to teach you how to trade successfully, every day.Dave Landry on Swing Trading takes you from his daily routine to the exact methods David Landry uses day-in and day-out in his own analysis and trading. More than a dozen momentum-based strategies that pinpoint opportunities based on pullbacks and capitalize on false market moves. He also teaches you how to use volatility to select the right stocks and low risk/high reward set-ups. This is a complete manual on swing trading which includes everything the beginner and intermediate trader needs to get started trading quickly.The following sections are included in his book to help you improve your trading results:Trend Qualifiers - Determining which stocks are moving with the general market trend is the first step. Learn how to precisely identify strongly trending stocks. Stock Selection - Making sure that the stocks you have picked exhibit the highest potential to move in your favor is key. David Landry will show you how narrow down your universe to pick the right stocks to trade. Swing Trading Strategies - Once you have your universe of stocks to trade, you can determine which stocks exhibit the highest potential to trigger for a promising move using chart patterns. More than a dozen swing trading strategies presented in an easy-to-read, easy-to-understand format. He provides you with the specific rules for entry and exit so you can start identifying the best trading opportunities immediately. Trading Master Section - To ensure that you understand as much of Dave Landry's methodology as possible, he has included for you dozens of trading examples to help you understand exactly how he trades his strategies and how he reads the market with uncanny accuracy. Stock Market Timing - Now that you have great set-ups, how do you decide which ones have the best chance for follow through? Learn how to use a number of stock market timing techniques to hedge your trades by trading with the probable direction of the market. Money Management - The real holy grail of trading is not contained in a pattern or an oscillator, it is found in your ability to limit losses and maximize gains. An often-neglected yet crucial element of trading is examined by Dave Landry in-depth as he helps you tailor the best stop methodology for your trading style.Trader's Psychology - You have the tools and the right strategies, but do you have the discipline to succeed with the wealth of trading knowledge you have just learned? Finish off your swing trading education with Dave's thoughts on the winning trading methodology.And much, much more!--This text refers to an out of print or unavailable edition of this title.

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