Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real TradingISBN: 978-0-470-52145-8
Hardcover
304 pages
February 2011
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Part I: Foundations of Successful Trading.
Introduction.
The Invention of a Commodity Trader.
Why I Wrote This Book.
This Book's Audience.
The Book's Roadmap.
Chapter 1: The History and Theory of Classical Charting Principles.
My Perspective of the Principles.
Three Limitations of the Principles.
Summary.
Part II: Characteristics of a Successful Trading Plan.
Chapter 2: Building a Trading Plan.
Trader Personality and Temperament.
Adequate Capital.
Overall Risk Management.
Points to Remember.
Chapter 3: Identifying the Trades and the Talk.
Trade Identification.
Vocabulary of the Factor Trading Plan.
Points to Remember.
Chapter 4: Ideal Chart Patterns.
Reversal H&S Pattern in Copper.
Reversal Rising Wedge in AUD/USD.
Continuation Wedge and Reversal Failure Top in Soybean Oil.
Reversal Triangle Bottom in Sugar.
Continuation and Pyramid Patterns in USD/CAD.
Reversal Top in Silver.
Continuation H&S Pattern in the Russell 1000 Index.
Continuation Rectangle in Kansas City Wheat.
Continuation Rectangle and Pyramid Triangle in Crude Oil.
Continuation H&S Top in the Dow Utilities.
Continuation Triangle and Reversal M Top and Flag in the EUR/USD.
H&S Reversal Top, a Continuation Pattern, and Two Pyramid Patterns in the GBP/JPY.
A Reversal Symmetrical Triangle in the AUD/JPY.
Two Continuation Patterns in GBP/CHF.
A Triangle and Running Wedge in Sugar.
An H&S Bottom in Apple Computer.
A Major Continuation H&S and Symmetrical Triangle in Gold.
A Series of Bullish Patterns in Copper.
A Failed Ascending Triangle in the USD/CAD Crossrate.
A 12-Week Rectangle in the Dow Jones Transport Index.
A Rare Horn in Brent Sea Oil.
An H&S Bottom Launches the 2009 Bull Market in the S&Ps.
Summary.
Points to Remember.
Chapter 5: How the Factor Trading Plan Works.
Trade Identification.
Trade Entry.
Trade Risk Management.
Trade Order Management.
Points to Remember.
Chapter 6: Three Case Studies Using the Factor Trading Plan.
A Remarkable Technical Event in the Dow Jones.
A Year Trading Gold.
A Year Trading Sugar.
Points to Remember.
Chapter 7: Characteristics of a Successful Trader.
Intimate Knowledge of Trading Signals.
Discipline and Patience.
Analysis of Self and of the Trading Plan.
It Takes a Leap of Faith.
Points to Remember.
Part III: A Five-month Trading Diary: Let the Journey Begin.
Chapter 8: Month One.
December 2009.
Trading Record.
Summary.
Chapter 9: Month Two.
January 2010.
Identifying Trading Opportunities.
Amending the Plan.
Trading Record.
Summary.
Chapter 10: Month Three.
February 2010.
Sticking to the Plan in Choppy Markets.
Trading Record.
Summary.
Chapter 11: Month Four.
March 2010.
Trading Record.
Summary.
Chapter 12: Month Five.
April 2010.
Relying on Classical Charting Principles.
Trading Record.
Outlook for the Future.
Summary.
Part IV: The Wrap-Up.
Chapter 13: Analysis of Trading Performance.
How the Trading Plan Performed.
How the Plan (and the Trader) Evolved.
Summary: Best Practices Going Forward.
Chapter 14: The Best Dressed List.
A 7-Month Double Bottom in AUD/USD.
A 14-Month Coil and 9-Month Descending Triangle in EUR/CHF.
A 6-Month Wedge in EUR/USD.
A 16-Week Horn in GBP/USD.
A 4-Month Head and Shoulders in Bottom NZD/USD.
A 6-Month Ascending Triangle in Failure USD/CAD.
An 8-month Head and Shoulders Bottom in the S&Ps.
A 14-Month Symmetrical Triangle in Sugar.
A 7-month Triangle in Gold.
A Series of Continuation Patterns in Copper.
A Head and Shoulders Bottom in Crude Oil.
Summary.
Postscript.
Appendix A: Factor Trading Plan Signals.
Appendix B: Quick Reference to Charts.
Appendix C: Recommended Resources.
Author's Note.
Index.