Capturing Profit with Technical Analysis: Hands-On Rules for Exploiting Candlestick, Indicator, and Money Management Techniques [Hardcover]

Sylvain Vervoort (Author)

Book Description

ISBN-10: 159280375X | ISBN-13: 978-1592803750 | Publication Date: October 1, 2009 | Edition: Har/Cdr

Are you looking for a better, more consistent trading system to boost profits? How about a new indicator to bolster your current technical trading? Are you in need of a no-nonsense, practical, and profitable technical trading guide? Let Sylvain Vervoort hand you his breakthrough methods in this new book designed especially for active traders.

Vervoort's trading book is a complete reference on how to apply technical analysis for profits. It explains Vervoort's own trading style in the language of active traders: You will actually find specific answers to the all-important ''where to open'' and ''when to close'' questions. And, to help you start profiting immediately, text is limited to what you really need to know and all techniques are illustrated with an application example.

'' I am sure that this book with all the technical analysis techniques, money management, risk management, and high probability entries will be a turning point for your own technical trading.''- Sylvain Vervoort

Vervoort's system, ''LOCKIT,'' introduces you to a number of special indicators and techniques for a more successful application of technical analysis like:
-a practical Elliott Wave count indicator to help you estimate the direction of price and to create price targets,
-a Heikin-ashi Bollinger Bands %b indicator to show actionable divergences in price,
-Vervoort's brand new, proprietary indicator SVAPO (''Short term Volume and Price Oscillator'') with programming code,
-optimized ATR trailing stop methods to protect gains,
-specific money and risk management rules to keep you profitable,
-and much more.

On top of all this, Vervoort's book comes complete with Metastock code for all of his indicators and technical trading techniques. There is a CD included to get you started right away!

Don't miss out on one of the most important trading books of recent times. This is a must for any person ready to trade profitably with technical analysis.

Editorial Reviews

Review

FORWARD BY JOHN M. NORQUAY:

The following is my weak attempt to glorify a book that I have fallen in love with.

This decade has been resounding proof that the philosophy of ''buy and hold'' doesn't work and certainly doesn't reduce risk. In the late '90s, advisors were illustrating returns above 12 percent because that is what they experienced from the market in the 10 years prior. Now, after two recessions in one decade where many lost half their portfolios two different times, I believe there is a new awareness about risk in the asset allocation methodology. We are told time and again from investment representatives that return is derived from asset allocation, NOT market timing. I wouldn't want to be the one still selling that!

There is a vast difference between asset allocation and market timing. In between lies an area of opportunity that would shock the average investor who trusts their large firm investment advisor. In this world, investors buy near support levels and sell at resistance levels. They buy when the cycle is low and sell when it is peaking. Each time they buy, they know exactly where it is they would sell if things go wrong. They never lose unacceptable amounts on any single investment position. The result is outperformance of the market with less portfolio volatility. The bottom line is they never experience 50 percent draw downs in their portfolios like their buy and hold counterparts.

The Lockit system that Sylvain has outlined in his book is exactly such a system. You don't need to have years of experience in the market to understand this approach. He leads you step-by-step through the decision process of which stocks to buy and when. More importantly, he helps you determine an opportune time to sell.

The robustness of this system is what I like the most. It will work on any type of stock you want to follow. Some like the blue chip names while others look for more growth potential. Simply follow his methodical approach and you will come out ahead of the crowd.

I have been in the investment business since 1992 and have continually worked to improve my investment performance. I have spent countless hours developing quantitative mechanical investment systems and backtesting them. I have taken nearly every formula Sylvain includes in this book and rewrote it to test with my system. I couldn't be more pleased with the results.

There is no doubt in my mind that good technical analysis will beat the market every time. The struggle is going through the maze of technical analysis tools and determining which ones make sense alongside each other. Sylvain has taken the tools that I have liked the most and turned them into a complete system.

John M. Norquay --John M. Norquay has been offering investment advice since 1992. He is the owner of a registered investment advisory service in Madison, Wisconsin, where he utilizes both fundamental and technical analysis for his investment decisions. Mr.Norquay is also the founder of eWatch401k.com, a service which helps individuals keep their 401k accounts invested properly with a quantitative mechanical investment system he designed using technical analysis. --John M. Norquay

''In this well researched and documented book Sylvain Vervoort presents a concise, but highly readable, methodology. His strength is his ability to examine a large number of technical analysis tools, explain them understandably but briefly, and then select from them the strongest features of each. These he then combines and relates to one another, using his own proprietary calculations, emerging with a complete and concise trading method. Marrying this to strong computer tools, he gives us a comprehensive way of buying and selling, and also managing our money. This is a worthwhile addition to the realm of Technical Analysis.'' --Richard W. Arms, Jr.-- Publisher of Arms Advisory; Inventor of the Arms Index and Equivolume Charting

''Sylvain Vervoots new book describes a technical trading method he calls ''LOCKIT,'' which is an acronym for the principle components of any good investment or trading system: selection, timing, capital risk control, and money management. The great value I found in the book is the extraordinarily clear descriptions of the technical indicators, charts, and oscillators he uses, both traditional and esoteric. For this reason alone, his book is a valuable technical-analysis guide and reference.'' --Charles D. Kirkpatrick II--co-author of Technical Analysis: The Complete Resource for Financial Market Technicians and Adjunct Professor in Finance at Brandeis University

About the Author

Sylvain Vervoort started his professional career with a degree in electronics and has been studying and using technical analysis since 1978 with the birth of the European Option Exchange (EOE) in Amsterdam. After training to become an investment and credit advisor, he has since conducted many courses and presentations about technical analysis. His first book (Dutch-language only) on technical analysis was published in 2000. Since his retirement, he has been publishing articles in Stocks & Commodities magazine, trading short-term on stocks, E-mini futures, and Forex, and maintaining his website (stocata.org/) about trading based on the application of technical analysis.

Product Details

• Hardcover: 392 pages
• Publisher: Marketplace Books; Har/Cdr edition (October 1, 2009)
• Language: English
• ISBN-10: 159280375X
• ISBN-13: 978-1592803750
• Product Dimensions: 11 x 8.6 x 1.2 inches
• Shipping Weight: 2.9 pounds (View shipping rates and policies)
• Average Customer Review: 2.3 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #1,272,898 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

12 of 13 people found the following review helpful:

5.0 out of 5 stars Way Beyond outdated TA, March 26, 2010

By 

J. Leibovitz "Not a kid" (Boca Raton, FL United States) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Capturing Profit with Technical Analysis: Hands-On Rules for Exploiting Candlestick, Indicator, and Money Management Techniques (Hardcover)

Classic Technical analysis is very nice but if it doesn't work anymore you need something that does.
More and more Veterans of TA will agree that times have changed. The top Chart Pattern expert will tell you about tests showing 28% win/lose ratios these days.
The number one weapon of the small investor is the stop loss and Sylvain V's three stop loss systems alone are worth the listing price. While groupings of candlesticks alone can still help- the book goes beyond...The formulas are elegant impeccable and user friendly too. Stop wasting your time with old stochastics, macd, OBVs, and other ready canned overused methods.

0 of 4 people found the following review helpful:

1.0 out of 5 stars BOOK NOT RECEIVED, December 6, 2011

By 

DAVE - See all my reviews

Amazon Verified Purchase

This review is from: Capturing Profit with Technical Analysis: Hands-On Rules for Exploiting Candlestick, Indicator, and Money Management Techniques (Hardcover)

PLEASE NOTE, I HAVE BEEN WAITING FOR THIS BOOK AS I HAVE NOT RECEIVED IT AS OF 12/06/2011.
PLEASE LET ME KNOW HOW WHEN I CAN EXPECT IT.

THANK YOU

NACER NACIRI

4 of 34 people found the following review helpful:

1.0 out of 5 stars 200 dollars, whoo pee, March 6, 2010

By 

David Emme - See all my reviews
(REAL NAME)   

This review is from: Capturing Profit with Technical Analysis: Hands-On Rules for Exploiting Candlestick, Indicator, and Money Management Techniques (Hardcover)

I sometimes just wander how people come up with these prices. 200 dollars. What will this do that my other tech analysis books will not do? You will do just as good with the technical analysis for dummies and save a dammed sight more then someone who thinks his(or her) stufff does not stink because let me tell you-it does.