Product Description

Swing trading is gaining popularity as a powerful method to increase returns—and potentially lower risks—by profiting from short-term price moves. The Master Swing Trader explains how traders can use technical analysis, charting, and market sentiment to make trades that hold through price fluctuations and noise with wider stops. This complete, practical guide to making profitable short-term trades—based on the author’s popular “Mastering the Trade” online course—uses dozens of charts and graphs to illustrate proven swing trading concepts and strategies. Experienced day, position, and online traders will benefit immediately from: - The 7 Bells – unique tools to uncover promising short-term prospects - Techniques to profit from low-risk short sales - The 4 repeating cycles for perfectly timed trades

Product Details

• Amazon Sales Rank: #67030 in Books
• Published on: 2000-12-13
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 443 pages

From the Back Cover
Powerful Strategies to Slip Between Day Traders and Long-Term Investors—and Grab Hidden Trading Profits!

Located in the gray area between the lightning-fast day trader and the endlessly patient buy-and-hold investor, the modern swing trader executes intermediate positions that offer highly lucrative results with less volatility. The Master Swing Trader contains a wealth of practical insights and information for using this powerful trading method to profit from short-term price moves often missed by other market participants. After beginning with a detailed background on Pattern Cycle applications and the trend-range axis, The Master Swing Trader presents:
* Dozens of specific trading strategies and setups that include precise reward, risk, and stop-loss considerations
* Concrete tips, tactics, and workflows to make informed choices at each stage of short-term trade evolution
* The 7 Bells – unique tools to uncover high-probability short-term trading prospects

With more than 200 charts and dozens of proprietary setups that illustrate both classic and highly original short-term tactics, The Master Swing Trader doesn’t leave your trading profits to chance. Coldly analytical and backed by real-time trading results, this proven course for short-term traders will help you improve your bottom line, lessen your risks—and increase your confidence in building solid profits in today’s volatile markets!

Biased news stories spun by insiders to manipulate options prices…Questionable stocks pushed by analysts so their trading departments can unload bloated inventories … Quick-trigger day traders chasing the latest chat room buzz …

Today’s top market players understand that our "efficient" markets are actually highly inefficient, driven by insiders with hidden agendas and an irrational pack mentality that has little to do with underlying value. Fortunately, this constant imbalance generates repeated, high-probability trade setups—and Alan Farley’s The Master Swing Trader reveals how you can find and profit from these difficult-to-spot opportunities before they disappear.

Farley’s innovative system is based on Pattern Cycles—shifting market stages that repeat in an orderly, predictable process through all price charts and time frames. These classic Pattern Cycles:
* Describe the machine language within market opportunity
* Reveal the origin of the trade setup
* Explain how to capitalize on inefficiency through every bull and bear phase
* Show exactly where to uncover consistent profit opportunities
* Offer natural methods to shift tactics quickly as conditions change
* Predict the impact of the emotional crowd on trend, range, and price development

The Master Swing Trader will help you apply Pattern Cycles to your advantage, over and over again. By encompassing virtually all market action, and revealing how price moves in a highly predictable manner, its powerful tools will give you the edge you need to take other people’s money before they take yours.

In today’s lightning-fast markets, open information makes profit opportunities decidedly more difficult to spot and capitalize upon—with the investing herd becoming far more skilled at spotting inefficiencies and closing them up quickly. The Master Swing Trader will teach you to recognize these trade setups one step ahead of the crowd, dive in for solid profits, and close out your position before the majority has even caught on.

Pattern Cycles are not easy or automatic; they require concentration, discipline, and skilled execution. But the payoff of these classic strategies is virtually unlimited. Turn to page 1 of The Master Swing Trader now, and open a new world of trading possibilities and profits—the world of the master swing trader!

About the Author
Alan S. Farley is publisher and editor of the Hard Right Edge web portal (www.hardrightedge.com), a well-respected resource for short-term trading that provides thousands of traders and investors with free educational materials covering technical analysis, short-term trading tactics, and more. An accomplished private trader and nationally recognized educator on technical analysis and short-term trading tactics, Farley has been featured in Barron’s, SmartMoney, Tech Week, Active Trader, MoneyCentral, Los Angeles Times, Online Investor, and TheStreet.com.

Customer Reviews

Swing towards profits
This is a great book and I'm buying it for the second time as the other is packed away in another country somewhere. Farley is awesome. If you don't like the book, you simply don't get it. If you're lame enough to complain about it on here you've got an ego problem, or it was just over your head. If you're serious about trading its a must read. Thanks Alan. I hope someday to meet you in person and thank you personally. Happy Trading!

The Swing Traders' Definitive Guide
I have read this book close to three times. Its pages are now worn from use and travel. It is the single book to which I attribute the majority of my market knowledge and trading success. I have since used my trading record to become an investment adviser utilizing only the techniques found here. In truth, I have also created my own money management system as a framework for capitalizing on Farley's directional insights.

This book, when I first read it, was not very appealing. I wanted something that could predict the market, not something that would tell me to wait and wait and wait until conditions were right. I didn't want to have to plan for opportunity and then strike if- and only if- price action developed according to my plan. I didn't want to do any of this until trading losses inspired me to enjoy making money over being excited about making a trade.

Since then I have returned to the book and read most parts twice over. Farley's patterns can be applied to any market environment, because they don't have too much overlap (that is, there's always a set of patterns available for any possible market environment). Therefore, first identify the general market conditions (1st section of the book dedicated to this), then identify which of his '7 Bells' fits that market environment (2nd part of book dedicated to these), and then perform the trade if and only if conditions are favorable (3rd part of book..). Take profits and losses readily. The markets have noise. Perfectly good setups will go up in smoke sometimes. Know your 'edge' and risk only the right amount of capital to take advantage of it (I did have to develop a system myself for this part as Farley does not cover it).

So, that is my review. The Master Swing Trader is a seminal work on swing trading that should not be taken lightly and most definitely not derided as "too complex". Yes, if it's hard, come back later with more trading experience. I consider this book to be the Be-All-End-All of trading books, and it reminds me of my senior-level Electromagnetic Engineering courses in college. Looking at that book in the first days of my study would have frightened me (just glance at a 'Smith Chart' in Google Images if you don't believe me). But after time, I realize that the concepts in that book were not too complicated and were in reality very practical and extremely useful. So, too, with Farley's masterpiece.

Ryan Sanden
Investment Analyst,
Northwestern Mutual Financial Network

From the Stock Traders Headquarters library
The Master Swing Trader is not for beginners, and is a difficult read from cover to cover. But I constantly refer to mine, and I have it highlighted throughout with the margins all marked up. It is very technical but also very thorough. More than any other book this one is responsible for my quest for perfection in my trading systems.

David Colletti
Founder
StockTradersHQ.com