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Technical Trading Mastery: 7 Steps To Win With Logic Paperback – February 1, 2014
by Chris Vermeulen

This book, written for both traders and investors, explores the tools and techniques that discretionary and algorithmic traders need to profit in today’s competitive markets.

Divided into segments, this guide shows you how to incorporate simple logical trading strategies into a step by step checklist to execute. Along the way, you will learn a method of analysis that focuses on specific market structure patterns the author has used profitably for over a decade, psychological techniques to reduce emotional interference, and a new concept called INNER-Market Analysis that provides accurate price forecasting. Also you will come to a new understanding of the importance position sizing and trade management play.

Created with the serious trader and investor in mind – whether beginner or professional – Technical Trading Mastery puts the author’s approach in perspective and will put you on the path to win. Topics covered throughout the book includes everything from understanding who you are, the foundations of market structure, trend identification, cycle analysis, volatility, volume, what to trade, trade management, and how to put it all together so that you have a tested tradable system to follow.

These, 7 SIMPLE STEPS TO WIN WITH LOGIC - along with the tools and techniques provided, will give you the edge needed to improve your trading and investing results dramatically.

Trading Systems and Methods, 5th Edition by Perry J.Kaufman



When it comes to the last word on trading systems, one name stands out from the rest, internationally: Perry J. Kaufman. Not coincidentally, for nearly thirty years, the book that traders of every ilk—from first-time day traders to veteran position traders—have turned to for in-depth, how-to information on the latest and best practices in trading systems has been Trading Systems and Methods.

That's because, with each successive edition, Perry Kaufman went to extraordinary lengths, personally reviewing, testing, and comparing scores of technical indicators, charting techniques, algorithms, trading software, and trading systems. He carefully winnowed out those that had outlived their usefulness and he introduced newer tools and techniques, more suitable to the trading environment of the moment. All done in an effort to bring his readers the freshest, most comprehensive, and authoritative coverage of systematic trading strategies, tools, and techniques.

In keeping with that tradition, the Fifth Edition of the classic guide has been substantially revised and updated for the realities of a post-financial crisis world. It now features expanded coverage of risk control—from the level of the individual trade to the portfolio, and everything in between. It also contains dozens of updated and entirely new charts and examples, along with more programs and spreadsheets. And the companion website has been fully updated with TradeStation, Version 9 (with accompanying source code) and Excel 2010 spreadsheets.

But Trading Systems and Methods is more than just an encyclopedia of contemporary quantitative techniques and programs. It is also a handy primer, providing you with the knowledge and skills you need to choose or design a system perfectly suited to your trading style and goals.

Writing in clear, accessible prose, Kaufman schools you in the basics, walking you through everything from how much data to use and how to create an index, to how to measure risk and how to integrate basic statistics and probability into your trading system. He gets you up to speed on the full range of trading essentials, including trends, momentum, arbitrage, and more. And he provides you with a complete understanding of each method and technique covered—highlighting the similarities between them and describing useful variations on many—while providing expert tips on how to deploy each to your best advantage.

As the markets evolve, so must the strategies you use to trade them. Arming you with the tools, skills, and acumen you need to keep ahead of the pack and achieve the kinds of returns you want and deserve, Trading Systems and Methods, Fifth Edition is an indispensable tool of the trade.

Cloud Charts Trading Trading Successful with the Ichimoku Technique by David Linton

David Linton, the author of Cloud Charts, had his interest in Ichimoku charts `sparked' during a presentation by Rick Bensignor at the 2004 IFTA conference in Madrid. David had heard of the method prior to the conference but credits Rick with presenting it in an `understable' way. David set out on a quest for Ichimoku knowledge. He researched the internet, questioned Japanese delegates at subsequent IFTA conferences, sought out Rick Bensignor at conferences and meetings and even flew to Tokyo. The fruit of that quest is the book, Cloud Charts.

The Ichimoku method is now fast becoming popular in Western trading rooms and is available on almost all technical analysis software. David must take some credit for turning what seemed to be an exotic and complicated method into an easily understandable and robust trading and analysis tool for non-Japanese speaking technical analysts.

So, what is Ichimoku? The full name of the method is Ichimoku Kinko Hyo which means `at one glance balance bar chart'. Ichimoku charts were devised by Goichi Hosoda , a Tokyo journalist, who believed that once the method was fully understood, one could comprehend the exact state of a market at a glance. Most of the Ichimoku indicators represent equilibrium in one time frame or another and price action is generally analysed with regard to whether the market is in equilibrium, moving away from it or reverting back to it. By their nature, the various indicators also offer dynamic areas of support or resistance.

Cloud Charts is divided into three parts. The first is for the novice technical analyst and is designed to give them an understanding of many basic technical analysis concepts involved with not only Ichimoku analysis but also traditional techniques. More experienced technical analysts may wish to skip this part.

Part two introduces the reader to the basic indicators used in Ichimoku charts (David calls them cloud charts). This section deals with the derivation and interpretation of:
1. The Turning Line (also called the Conversion Line)
2. The Standard Line ( also called the Base Line)
3. The Cloud Span A ( also called the Cloud Span 1)
4. The Cloud Span B (also called the Cloud Span 2)
5. The Lagging Line ( also called the Lagging Span)

Part two offers a guide to applying Ichimoku charts in a multiple time frame sense, as well as the often overlooked Wave Principle, Price Targets and Time Span Principle. However, the application of Ichimoku charts to price and time projection is very subjective and for that reason alone the projections are quite often not utilised by even experienced analysts.

Looking at an Ichimoku chart, it's no surprise that analysts are sometimes turned off by the busyness of the chart. It can look like chaos to the uninitiated but the key to getting past that is understanding the formula to each indicator, how they combine with each other, how they represent a consensus of price action in different time frames and colour-coding. In part two David explains construction and interpretation of the charts in a manner that is easy for any newcomer to technical analysis let alone a professional on a trading desk.

Part three, is where we are encouraged to think outside of the box. Here, the use of Ichimoku charts are combined with other technical analysis techniques, alternative time inputs into the indicators are suggested and the application to market breadth analysis is considered. There is also a chapter on back testing for the quantitative traders to consume.

Overall, this book, in an easily read manner, brings together the body of knowledge of a Japanese technical analysis method which was once thought of as exotic and over-complicated. It has potential to become the definitive English language text on the Ichimoku Kinko Hyo technical analysis method.

Investors don’t lose hope, buy gold in 2014

Gold has disappointed many investors in 2013. Mumbai standard gold prices are down from Rs 30,490 on December 31, 2012 toRs 29,720 on December 23, 2013, a loss of 2.52%. The modest loss does not depict the true picture. It is best captured by the volatility registered by the high of Rs 33,265 and low of Rs 25,130, all thanks to increased intervention by government, fall in gold prices in the international markets and a weak rupee.

Gold ETFs have seen a 22% fall in assets under management, fromRs 11,992 crore in December 2012 to Rs 9,325 crore in November 2012, according to data release by Association of Mutual Funds in India. So what is in store for investors in the coming year?

"We remain bearish on gold and expect rupee prices to go down to Rs 26,000 per 10 gram, provided the government does not reduce import duty and rupee does not appreciate beyond 59 per US dollar," says Kishore Narne, associate director & head -- commodity & currency, Motilal OswalBSE Commodity Broker.

DiNapoli Levels: The Practical Application of Fibonacci Analysis to Investment Markets

Excellent manual from an experienced trader and exceptional teacher on the practical application of Fibonacci analysis to investment markets. This method is fascinating and often amazingly accurate, and every technical trader should become conversant with its principles. DiNapoli teaches all the basics, as well as his own unique methods of applying Fibonacci to trading in multiple time frames.

Trading In the Shadow of the Smart Money

by Mr. Gavin Holmes (Author) , Tom Williams (Author) , Philip Friston (Author) , Sebastian Manby (Author) , Dr. Gary Dayton (Author) , Kira McCaffrey Brecht (Contributor)

In “Trading in the Shadow of the Smart Money” Gavin discusses why market manipulation is actually a good thing for traders and investors who can read the chart correctly based on universal laws. All markets work because they are governed by three universal laws, which are the law of supply and demand, the law of cause and effect and the law of effort versus result. To make money in life there is a fourth and very important law, the law of attraction, and for the first time in any book on trading that we are aware of Gavin unlocks the key to success in trading and investing in the markets: BELIEF in your human ability to make money and in your system to read charts. The book gives actual trade set ups taught to Gavin by Tom Williams and gives over 50 annotated color charts explaining the VSA principles bar by bar.

The Goal: A Process of Ongoing Improvement Paperback
by Eliyahu M. Goldratt

Revised third edition!

Alex Rogo is the manager of a failing manufacturing plant who receives an ultimatum from corporate headquarters: Turn the situation around in three months or the plant will be scrapped. With help from a mysterious mentor, Rogo discovers a revolutionary new way to do business—a way for people in any field of endeavor to increase productivity, profitability, and personal fulfillment.

A business book disguised as a novel, a love story about the manufacturing process, and an exhilarating adventure in human potential, The Goal is changing how America does business. First published in 1984, it became an underground bestseller; today it's used by thousands of companies and taught in hundreds of business schools. Includes the author's personal story, "My Saga."

This third edition includes case study interviews. Professional readers recreate interviews that David Whitford, Editor at Large with Fortune Small Business, conducts with the author Eli Goldratt and with business professionals from General Motors, Thomson-Shore, Security Federal Banks and others who put the principles of The Goal into action.

The Effective Executive: The Definitive Guide to Getting the Right Things Done
by Peter F. Drucker

The measure of the executive, Peter F. Drucker reminds us, is the ability to "get the right things done." This usually involves doing what other people have overlooked as well as avoiding what is unproductive. Intelligence, imagination, and knowledge may all be wasted in an executive job without the acquired habits of mind that mold them into results.


Drucker identifies five practices essential to business effectiveness that can, and must, be learned:

• Managing time
• Choosing what to contribute to the organization
• Knowing where and how to mobilize strength for best effect
• Setting the right priorities
• Knitting all of them together with effective decision-making

Ranging widely through the annals of business and government, Peter F. Drucker demonstrates the distinctive skill of the executive and offers fresh insights into old and seemingly obvious business situations.

The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail (Management of Innovation and Change)
by Clayton M. Christensen

An innovation classic. From Steve Jobs to Jeff Bezos, Clay Christensen’s work continues to underpin today’s most innovative leaders and organizations.

The bestselling classic on disruptive innovation, by renowned author Clayton M. Christensen.

His work is cited by the world’s best-known thought leaders, from Steve Jobs to Malcolm Gladwell. In this classic bestseller—one of the most influential business books of all time—innovation expert Clayton Christensen shows how even the most outstanding companies can do everything right—yet still lose market leadership.

Christensen explains why most companies miss out on new waves of innovation. No matter the industry, he says, a successful company with established products will get pushed aside unless managers know how and when to abandon traditional business practices.

Offering both successes and failures from leading companies as a guide, The Innovator’s Dilemma gives you a set of rules for capitalizing on the phenomenon of disruptive innovation.

Sharp, cogent, and provocative—and consistently noted as one of the most valuable business ideas of all time—The Innovator’s Dilemma is the book no manager, leader, or entrepreneur should be without.

2014-01-09 13:30 GMT | [EUR - ECB Press Conference]

• past data is n/a
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• actual data is n/a according to the latest press release

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Live Video Coverage of ECB Press Conference with Mario Draghi - January 9, 2014 [VIDEO]

ECB President Mario Draghi will deliver his first live video press conference of the year today in Frankfurt, Germany.

Mr. Draghi finds himself in a unique position in the new year as he will have to convince market that he can continue to support economic recovery in the 18 nation bloc and at the same time conduct a review of the Eurozone's largest banks.

The risk is that banks would pull back even further on loans, confounding the already soft economic recovery, to avoid being ordered to raise more capital.

The ECB has left the benchmark rate unchanged at historic lows at .25%

Press conference following the meeting of the Governing Council of the European Central Bank on 9 January 2014 at its premises in Frankfurt am Main, Germany, starting at 2:30 p.m. CET:

• Introductory statement by Mario Draghi, President of the ECB.
• Question and answer session. Registered journalists pose questions to Mario Draghi, President of the ECB, and to Vítor Constâncio, Vice-President of the ECB.

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EURUSD M5 : 84 pips price movement by EUR - ECB Press Conference news event :