Overview of the book The Art and Science of Technical Analysis
The Art and Science of Technical Analysis – Technical Analysis: The combination of Science and Art in stock investment is considered a breakthrough work that helps narrow the gap between academic views on the market, analysis of Technical analysis, and practical profitable trading strategies.
The book is an adventure exploring why randomness prevails in most markets, but not all the time. Thereby, navigating how technical analysis can be used to capture statistically confirmed patterns (under certain market conditions). The book believes that buying and selling pressure causes price patterns, but that these technical patterns are only effective when there is an imbalance between the true buy/sell ratio.
The Art and Science of Technical Analysis – Technical Analysis: The combination of Science and Art in stock investing is supported by extensive statistical analysis of the market for confirmation purposes while providing Developing trading tools and setups appropriate to the market state. Additionally, this trusted resource discusses investor psychology and the learning curves of both traders and investors based on the author’s extensive experience as a trader and investor someone with experience coaching traders.
Main content
The book is divided into four main content schools:
- Explore some of the probability theory that supports the concepts of successful trading, examine specific approaches to chart reading that build a foundation for deep intuition about price patterns in the market, and provide an overview of the Wyckoff market cycle.
- Provides an in-depth look at the fundamentals of price movement through coverage of trends, trading ranges, and transitions from one trend to another.
- Outline specific trading patterns and examples of those patterns; support the development of a specific perspective on indicators and other validation factors; address the importance of trade sizing and managing positions; and direct investors to pay attention to the various risks involved in trading.
- Focuses on elements of trader psychology, from cognitive biases to emotional control issues, and outlines the challenges that developing investors often face.
Added 3 appendices to support investors during the book research process:
- The first part is a sticky layer of information about trading that will be useful for developing traders or managers unfamiliar with the language traders use.
- The second part expands on some of the specifics and oddities of the moving average, MACD, which is widely used in other parts of the book.
- The final appendix contains a list of commercial data used in the performance analysis found, tied to the fourth information section in the book.
Author information
The Art and Science of Technical Analysis – Technical Analysis: The combination of Science and Art in stock investing is written by an experienced market expert who has trained and worked with many top traders.
Trader Adam Grimes holds an MBA from Ohio University. He is currently the President of Talon Advisors, LLC, where he writes daily market reviews and is also responsible for providing investment guidance. He also shares daily market analysis and mindset educational content at MarketLife, LLC.
Drawing on his nearly two decades of experience as a systems developer, analyst and trader, Adam Grimes is distilling in this document valuable insights for both traders and traders. individual and institutional trading, and is designed for both veteran and aspiring traders.
Who will this book be suitable for?
The book is the answer to difficult and essential issues that traders/investors need to know to overcome the market and achieve sustainable success such as:
Provides investors with a way to think critically and logically about market issues, understand their own performance, and help find a more effective path in the long term.
Compile extensive research to validate specific monetization models and strategies.
Provides in-depth knowledge along with practical advice.
Share how the market works, when, and how technical analysis works effectively.
List what really matters for successful trading.