A Complete Guide to Technical Trading Tactics: How to Profit Using Pivot Points, Candlesticks & Other Indicators is a comprehensive and methodically structured book by John L. Person. This trading veteran and esteemed market educator offers a valuable guide that delves into technical trading, offering readers a granular understanding of how to profit using a host of technical indicators.
The book commences with an introduction to the world of technical trading, explaining why this approach can be incredibly effective. It then proceeds to illustrate, with remarkable clarity, a range of technical indicators. From pivot points and candlestick charts to moving averages and Fibonacci levels, Person’s guide covers an expansive array of techniques to equip traders with a versatile toolkit.
In particular, Person’s detailed exploration of pivot point trading is a standout. He breaks down this complex topic into an understandable form and provides practical methods to utilize pivot points in everyday trading.
Another highlight of this book is Person’s commitment to teaching readers not only when to enter a trade, but also when to exit. This focus on both sides of the equation ensures that readers are armed with strategies to maximize profits and minimize losses.
“A Complete Guide to Technical Trading Tactics” is deeply enriched with charts, diagrams, and real-world examples, further enhancing its practical application. Moreover, the book emphasizes the importance of discipline and patience in successful trading, reinforcing the significance of psychological strength in the world of market trading.
In conclusion, John L. Person’s book is an invaluable resource for anyone seeking to harness the power of technical analysis in their trading. Whether you are a beginner in market trading or an experienced trader looking to sharpen your skills, this guide provides a comprehensive and actionable framework for technical trading success.
