Trading Tools and Tactics, + Website

Greg Capra is the CEO of MasterTrader.com and created Pristine Capital Holdings in the 1990s. Money managers, institutional traders, and thousands of individuals have taken Greg's classes. Today students learn MasterTrader Technical Strategies MTS and attribute their knowledge as the main reason for their success.

• Introduction: the Journey Begins xiChapter 1Subjective Doesn’t Work in the Market: Technical Analysis Is the Objective Standard 1The Guru Syndrome 1The Pitfalls of Fundamental Analysis 2Technical Indicators: Adding Subjectivity to the Chart 5Approaching the Markets Objectively 8In Summary 14Chapter 2Candlestick Analysis: Using the Language of Candles to Profit from Market Moves 17A Single Candle 18Multiple Candle Formations 21Failure Is Not Always Bad 29In Summary 31Chapter 3 Support and Resistance: Price Is King 33Price Patterns 33Recognizing Reference Points 36The Two Forms of Support and Resistance: Major and Minor 40How Support and Resistance Areas Form 46In Summary 56Chapter 4 Moving Averages the Right Way: Visual Aids to Price Action 57A Valuable Technical Measurement 57Convergence Can Help 63Moving Averages as Focal Areas 67Staying Objective 69A Few Good Rules While Using Moving Averages 74Other Points to Consider 75Moving Averages to Find Plays 78In Summary 79Chapter 5 Volume Is Money: Commitment to Prices 81Chapter 6 The Fallacies of Volume 81Using Volume Properly 85The Primary Uses of Volume 87Volume As It Relates to Tradability 98In Summary 101Chapter 7 Retracement Analysis: Using Retracement Analysis to Continue Your Move 103The Concept of Retracements 103To Retrace or Not to Retrace? 106Retracements Imply a Trend 107Continuing To Keep It Objective 111What Lies Beyond 60 Percent? 111Retracement Levels in Downtrends 114A Special Retracement Pattern 115Retracement Levels in Sideways Trends 117What Lies Beyond 100 Percent? 118The Bigger Picture 121In Summary 123Bar-by-Bar Analysis: Each Bar Tells Us Something 125Objectivity Is Still the Goal 126A Quick Review of Individual Bars 126How the Bars Interact 128Additional Thoughts 135In Summary 137Chapter 8 Market Internals: Examining the Direction of the Market 139Determining Price Movement 141When to Be Different 143Contents ixFavorite Market Internals 143A Quick Overview of Intermarket Analysis 157In Summary 158Chapter 9 Relative Strength: Relative Strength Defined 159Chapter 10 Identifying Different Types of Relative Strength 160Is Relative Strength Always Good? 166Relative Strength and Weakness with Morning Gaps 170Relative Strength with Sector Analysis 172Relative Strength to Market Internals 173In Summary 174The Trend Is Your Friend: There Are Only Three Directions 177What Makes a Trend? 178Pivots 178When Pivots Come Together 182Some Subjective Guidance 186Keeping It Clean 188Checking the Reaction 192Final Thoughts 198In Summary 200Chapter 11 Shoot the Gap: What Is a Gap? 203What Causes a Gap? 206Fallacies about Gaps 207Gaps and the Daily Chart 209The Intraday Play 214In Summary 219Chapter 12 Frame-by-Frame: The Concept of Multiple Time Frames 221Which Time Frames? 221The First Goal of Using Multiple Time Frames 223A Powerful Concept Emerges 228Warning Signs in the Micro Trend 230Hidden Patterns 233In Summary 236Chapter 13 Making Failure Work for You: Recognizing When Patterns Fail 239Did the Play Stop, or Did the Pattern Fail? 241When Good Patterns Fail 242Capitalizing on Predictable Failures 246Expected (or Unexpected) Failure 248In Summary 250Chapter 14 Manage the Trade and the Money: The Missing Link 253Chapter 15 Managing the Money—Share Size 253How Much to Risk 257Managing the Money—Throughout the Day 259Considerations When Swing Trading 260Basic Trade Management Concepts 262Managing the Trade—Staying with the Trend 264Managing the Trade—Zooming Down 265In Summary 267Getting Through a Typical Trading Day: Strategies to Incorporate into Your Daily Routine 271Beginning Your Day 271Planning Your Trade, Trading Your Plan 273After the Close 275Maximizing the Winners, and Handling the Losers Properly 277Chapter 16 There Is Only One Truth in the Markets 279Price Is King 279Appendix A: Abbreviations 283Appendix B: Trade Types 285Glossary 287About the Companion Website 299Index 301