"Those who know him and his work call him the consummate technician-a trading system developer without peer." -Futures magazine "DeMark is the ultimate indicator and systems guy. Tom DeMark has done a wonderful job of turning subjective techniques into objective strategies and tactics." -Courtney Smith President and CIO Pinnacle Capital Management, Inc.
Murphy, bestselling author of Technical Analysis of the Futures Markets and Intermarket Technical Analysis, and technical analyst for CNBC "This book is filled with innovative, creative, and clever new ideas on technical analysis.
With the unprecedented attention now being paid to technical analysis, this new book couldn't have come at a better time." -John J. By sharing his creative ideas with us, as well as his passion for precision and improvement, Tom DeMark's emphasis on the 'new science' of technical analysis helps push the technical frontier another step forward. Murphy "DeMark's work as a consultant has been restricted to large institutions and many of the legendary traders in the world today. Offers serious traders a way to think about market problems, understand their own performance, and help find a more productive path forward Includes extensive research to validate specific moneymaking patterns and strategies Written by an experienced market practitioner who has trained and worked with many top traders Filled with indepth insights and practical advice, The Art and Science of Technical Analysis will give you a realistic sense of how markets behave, when and how technical analysis works, and what it really takes to trade successfully.From the Foreword by John J. In addition, this reliable resource discusses trader psychology and trader learning curves based on the authors extensive experience as a trader and trainer of traders. The Art and Science of Technical Analysis is supported by extensive statistical analysis of the markets, which will debunk some tools and patterns such as Fibonacci analysis, and endorse other tools and trade setups. The belief of the book is that buying and selling pressure causes patterns in prices, but that these technical patterns are only effective in the presence of true buying/selling imbalance.
The book explores why randomness prevails in markets most, but not all, of the time and how technical analysis can be used to capture statistically validated patterns in certain types of market conditions. A breakthrough trading book that provides powerful insights on profitable technical patterns and strategies The Art and Science of Technical Analysis is a groundbreaking work that bridges the gaps between the academic view of markets, technical analysis, and profitable trading.
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