Silver Medal Winner, Investing Category, Axiom Business Book Awards (2009)
Winner: Book Series Cover Design, The Bookbinders Guild of New York/2009 New York Book Show Awards
"Long a secret weapon for the hedge-fund elite," says Trader Monthly, the DeMark Indicators are now used by more than 35,000 traders.
This book provides an easy-to-follow system for using the indicators to identify market turns as they happen.
Author Jason Perl gives a concise introduction to thirty-nine of the DeMark Indicators, and then shows how to combine the indicators and time frames to achieve a higher probability of trading success.
Thomas R. DeMark, the creator of the DeMark Indicators and one of the most well-respected practitioners of technical analysis wrote the Foreword to this book.
This is the second book in the Bloomberg Market Essentials: Technical Analysis series, which covers the key elements of the most widely used technical analysis tools.
Autorentext
Jason Perl joined the Multi-Asset Sales Team at UBS in June 2009 to identify turning points in markets for the Bank's largest clients. He advises CIO's and Heads of Trading at macro hedge and sovereign wealth funds as well as tactical asset allocation teams on market timing, using the DeMark indicators exclusively. Previously he was Global Head of Fixed Income, Currencies and Commodities Technical Strategy at UBS. He joined the group in 2000 and ran it from 2004-2009. Jason and his team provided both short-term and medium-term trading strategies to central banks, hedge funds, institutional investors and wealth managers around the world as well as general and specialist educational technical analysis training.
Prior to joining UBS, he was an independent consultant advising proprietary desks and hedge funds on short-term trading strategies as well as helping institutional investors with trading system design and development. He was also a technical strategy adviser to a number of large financial data vendors and a contributing editor for Futures & Options World, FX & MM, Petroleum Argos and the International Petroleum Exchange's (IPE), Pipeline Magazine. Jason's area of technical expertise is the DeMark indicators, which he has been using for the past nineteen years.
A portion of the proceeds received by the author for this book goes to the Robin Hood Foundation. Robin Hood changes fates and saves lives in New York City by applying investment principles to charitable giving and supporting the most effective poverty-fighting programs in all five boroughs of New York City. For more information, go to: www.robinhood.org
Klappentext
The Best Guide to Differentiating Between Trading Ranges and Trend Exhaustion
"Tom DeMark, the man whose work inspired this book, is a unique, interesting, and oft-times iconoclastic technical analyst. Simply put, he thinks about the markets differently from the way you or I do. So why should you read this book? Because, having read it, you will almost certainly think about the markets and technical analysis differently."
—John Bollinger, CFA, CMT, www.BollingerBands.com
"Jason Perl has taken the playbook from the market's John Wooden, Tom DeMark, and translated it engagingly in a format that traders of all levels will appreciate. As one who has used these indicators for more than twenty years, I too am appreciative of Jason's clarity."
—Peter Borish, Chairman and CEO, Computer Trading Corporation
"Jason Perl has created a trading primer that will help both the professional and the layman interpret the DeMark indicators, which I believe represent the most robust and powerful methods to track securities and establish timely investment positions. Think of DeMark Indicators as the Rosetta stone of market-timing technology."
—John Burbank, Founder and CIO, Passport Capital
"Having observed his market calls real time over the years, I can say that Jason Perl's application of the DeMark indicators distinguishes his work from industry peers when it comes to market timing. This book demonstrates how traders can benefit from his insight, using the studies to identify the exhaustion of established trends or the onset of new ones. Whether you're fundamentally or technically inclined, Perl's DeMark Indicators is an invaluable trading resource."
—Leon G. Cooperman, Chairman, Omega Advisors
"Jason Perl is the trader's technician. DeMark indicators are a difficult subject matter, but Jason shows simply how the theory can be applied practically to markets. Whether you're day-trading or taking medium-term positions, using the applications can only be of increased value."
—David Kyte, Founder, Kyte Group Limited
The Bloomberg Market Essentials™: Technical Analysis Series is the fast-track resource that gives you the essentials on keytechnical analysis tools.
Inhalt
Foreword, by Tom DeMark xv
Acknowledgments xix
Introduction xxi
Author's Note xxv
About DeMark Indicator Trademarks xxvii
1 TD Sequential: Defining the Trend and Identifying Exhaustion Points 1
TD Setup 2
Bearish TD Price Flip 2
TD Buy Setup 3
Interruption of a TD Buy Setup 4
Completion of the First Phase of TD Sequential 4
TD Sell Setup 4
Bullish TD Price Flip 4
TD Sell Setup 4
Interruption of a TD Sell Setup 4
Using TDST Levels to Determine the Underlying Trend Bias 5
TD Sequential vs. More Conventional Momentum Indicators 6
TD Setup Scenario I: Consolidation/Reversal 6
TD Setup Scenario II: Confirmed Trend Extension 8
TD Buy Setup Perfection 9
TD Buy Setup Perfection 11
Trading a TD Buy Setup 12
Perl's Rules for Trading TD Buy Setups Objectively 13
Risk Management: Calculating the TD Risk Level for Trading a TD Buy Setup 14
TD Sell Setup Perfection 14
Trading a TD Sell Setup 14
Perl's Rules on When to Initiate a Short Position Following a Completed TD Sell Setup 16
Risk Management: Calculating the TD Risk Level for a TD Sell Setup 17
TD Setup vs. TD Sequential Countdown 17
To Initiate TD Buy Countdown 17
To Complete a TD Buy Countdown 19
TD Buy Countdown Cancellation 21
Filters That Cancel a Developing TD Buy Countdown 21
TD Buy Countdown Cancellation and Recycle Qualifiers 21
TD Buy Countdown Cancellation Qualifier I 21
TD Buy Countdown Cancellation Qualifier II (a TD Buy Setup Within a TD Buy Setup) 22
TD Buy Countdown Recycle Qualifier 22
An R Will Appear 22
Entering a Long Position 24
Two Ways to Enter a Long Position 24
Alternative Strategy for Entering a Long Position 25
Requirements for a TD Camouflage Buy 25
Requirements for a TD Clop Buy Signal 25
Requirements for a TD Clopwin Buy Signal 26
Requirements for a TD Open Buy Signal 26
Requirements for a TD Trap Buy Signal 26
TD Buy Termination Count 26
Risk Management: For a TD Buy Countdown 26
Frequently Asked Questions 28
Requirements for Validation of a TD Sequential 9-13-9 Buy Count 29
Risk Management: For TD Sequential 9-13-9 31
TD Sell Countdown 31
Requirement for a TD Sell Countdown 31
To Complete a TD Sell Countdown 31
TD Sell Countdown Cancellation 34
Filters That Will Cancel a Developing TD Sell Countdown 34
TD Sell Countdown Cancellation and Recycle Qualifiers 34
TD Sell Countdown Cancellation Condition I 34
TD Sell Countdown Cancellation Condition II (a TD Sell Setup Within a TD Sell Setup) 35
TD Sell Countdown Recycle Qualifier 35
Ent…