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Full Description
An expert reveals a step-by-step process for profiting from neoclassical qualified trend trading
Trend Trading Set-Ups extends the neoclassical concept of qualified trend first introduced by Little in Trend Qualification and Trading, providing traders and investors with a sound methodology for uncovering the very best trade set-ups and the ability to time trade entries like never before. In Trend Trading Set-Ups, Little reveals the data behind qualified trends and utilizes a novel concept involving time to calculate trend failure probability rates.
Little reduces the complex to its most simplistic form compressing all trades types into just two classes - retraces and breakouts. Once simplified, over a decade worth of qualified trend data is examined. The result is a comprehensive presentation of what makes some trades enormously better than others and how you can both find and exploit the most favorable trade set-ups.
Some trading books are an interesting read but soon forgotten. A few books you place on the reachable shelf and refer to often. In Trend Trading Set-Ups L.A. Little offers you an entirely new way of approaching an old subject and does so in a style that is both as riveting as it is valuable. As with Trend Qualification and Trading you will find this book an easy but comprehensive read and one that you will turn to again and again while pursuing your trading and investing endeavors.
Contents
Foreword ix
Acknowledgments xi
Introduction 1
PART I 7
CHAPTER 1 Identifying and Qualifying Trend Probabilities 9
Trend Determination 10
Qualified Trend Failure Probabilities 13
Qualified Trade Failure Probabilities 31
Summary 37
CHAPTER 2 Anchor Zones: The Key to Timing Trades 41
Anchor Bars and Zones 42
Reconsidering Trade Failures 46
Summary 54
CHAPTER 3 Broader Influences Affecting Stocks 55
Sector Congruence 59
Virtual Industry Groups—Future Direction 72
General Market Congruence 74
Summary 81
PART II 85
CHAPTER 4 Formulating a Workable Trading Plan 89
Trend Direction and Strength 90
Time Frames 94
Entry and Exit Timing 95
Trading Size, Scale Trading, Trade Success Probabilities, and Reward-to-Risk Ratio 100
Evaluating and Acting Upon the Plan 104
Summary 105
CHAPTER 5 The Data behind Trend Trade Set-Ups 107
The Only Two Types of Trade Set-Ups 108
Trading Breakouts and Retraces 111
Breakouts versus Retrace Trade Probabilities 113
Probabilities for Trade Set-Up Scenarios 122
Summary 133
CHAPTER 6 Sideways Range Trades 135
Trade Set-Up Conditions and Categorizations 136
Trading Sideways Trends 137
Summary 155
CHAPTER 7 Breakout and Retrace Trade Set-Ups 157
Retrace Trade Set-Ups 158
Breakout Trade Set-Ups 186
Considering Other Trade Set-Ups 199
Trade Set-Up Rationale and Thoughts 201
Summary 205
Conclusion: Unleashing Trade Potential 207
Appendix: Data Tables 209
About the Author 241
Index 243
