Trading With Charts for Absolute Returns, (+ Website)

by Fischer, Robert

• ISBN13: 9780470932926
• ISBN10: 0470932929
• Format: Hardcover
• Copyright: 2011-06-21
• Publisher: Wiley

Summary

How to use chart patterns to consistently achieve absolute returnsRobert Fischer, a pioneer in developing trading strategies for Fibonacci price and time analysis, has now developed charting analysis that achieve absolute returns in bull, bear, and trendless markets. In Trading with Charts for Absolute Returns, Fischer provides traders with a shortcut from the intensive programming and data analysis work, explaining which patterns work, the best markets to trade using the strategies, and advanced trading signals. Uncovers the key chart patterns that work best in combination to provide real returns year-after-year and in all markets Provides an augmented futures strategy for bear markets Includes exclusive access to the Trading with Charts for Absolute Returns Web site with historical data and trading signalsWhile relative returns provide a means of judging performance on a comparative basis, as the saying goes, "you can't eat relative returns." Absolute returns is the only thing that matters, and Trading with Charts for Absolute Returns shows how to routinely achieve just that.

Author Biography

Robert Fischer is President of Fischer Finance Consulting AG, based in Zug, Switzerland. He has designed computer programs for cash currencies, financial futures, stock index funds, energy and metals futures, commodities, mutual funds, and global stock and options portfolios for individuals, banks, and corporations worldwide since the 1980s. For the past thirty years, he has managed commodity funds based on his own proprietary programs that generate trading signals based solely on pattern recognition. His other books include Fibonacci Applications and Strategies for Traders, The New Fibonacci Trader, and Candlesticks, Fibonacci, and Chart Pattern Trading Tools, all published by Wiley.

Table of Contents

Introduction	p. ix
A Note about Performance Results	p. xii
Absolute Return in a Competitive Market Environment	p. 1
Players in Commodity and Stock Markets	p. 1
The Role of Risk in Commodity and Stock Markets	p. 7
Diversification Matters	p. 9
Absolute Return and Methods of Price Analysis	p. 11
Nothing Is Better Than Correct Timing	p. 11
Buy-and-Hold Strategies	p. 14
Benchmarking as an Investment Strategy	p. 14
Fundamental Analysis	p. 15
Technical Analysis	p. 20
Absolute Return and Chart Pattern Recognition	p. 29
Fibonacci Ratios and Clusters	p. 29
Fibonacci and the Elliott Wave Principle	p. 44
Candlestick Chart Patterns	p. 56
3-Point Chart Patterns	p. 64
Absolute Return Results by Trading with Trend Channels and Trend Lines	p. 79
Basic Requirements for Trading on Chart Pattern Recognition	p. 79
Ascending and Descending Trend Lines	p. 85
Trend Channels	p. 96
An Integrated Trading Concept Based on Trend Lines and Trend Channels	p. 113
Advanced Charting Techniques	p. 123
Summary	p. 136
Absolute Return Results by Trading with the PHI-Ellipse	p. 141
The Basic Structure of the PHI-Ellipse	p. 141
What Makes the PHI-Ellipse Such a Special Trading Tool?	p. 146
What Has Been Learned about the PHI-Ellipse Since the Last Book Came Out Seven Years Ago?	p. 148
The Rationale behind PHI-Ellipses as Trading Tools	p. 157
Application of PHI-Ellipses	p. 181
PHI-Ellipses in Combination with Other Fibonacci Trading Tools	p. 190
Exploiting the Forecasting Capabilities of PHI-Ellipses	p. 194
Summary	p. 197
Trading Stocks for Absolute Return	p. 199
Trading a Single Stock	p. 200
Trading a Diversified Portfolio	p. 204
Trading a Diversified Stock Portfolio with the Dax Futures Index as a Trend Indicator	p. 207
Final Remarks	p. 211
About the Companion Web Site	p. 215
Acknowledgments	p. 217
About the Author	p. 219
Index	p. 221
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