Trading is a tough endeavor. And while it's difficult to derivea method that generates superior risk-adjusted profits in today'sextremely competitive markets, it's even harder to successfullyapply such a method in actual trading. The approach found in TheArt and Science of Technical Analysis one which, in many ways,challenges the traditional thinking of technical analysis canhelp you achieve this goal.

Written in a straightforward and accessible style, this bookbreaks away from many of the standard trading books that have comebefore it. The Art and Science of Technical Analysis doesn't detaila rigid system to be strictly followed, nor does it present a groupof setups and patterns that can be quickly assembled by a trader.Rather, it provides comprehensive coverage of the issues you needto be aware of in order to capture consistent profits fromtechnically motivated, directional trading.

Based on nearly two decades of author Adam Grimes's experienceas a trader, analyst, and systems developer, this reliable resourcecontains valuable insights for both individual and institutionaltraders, and has been designed with both established and aspiringtraders in mind. Divided into four informative parts, itskillfully:

• Explores some of the probability theory supporting the conceptsof successful trading, examines a specific approach to chartreading that builds the foundation for a deep intuition about pricepatterns in markets, and provides an overview of the Wyckoff marketcycle
• Offers an in-depth look at the underlying foundation of pricemovements through coverage of trends, trading ranges, and thetransitions from one to the other
• Outlines specific trading patterns and examples of thosepatterns; advocates a specific way of looking at indicators andother confirming factors; addresses the importance of sizing tradesand managing positions; and calls attention to the various risksassociated with trading
• Focuses on the elements of trader psychology, from cognitivebiases to issues of emotional control, and lays out the challengesthat developing traders usually face

Rounding out this discussion are three information-packedappendices. The first is a trading primer that will be useful fordeveloping traders or managers who don't have a familiarity withthe language used by traders. The second expands on some specificdetails and quirks of moving averages, the MACD, which are usedextensively in other sections of the book. And the last appendixcontains a list of trade data used in the performance analysisfound in Part Four.

What you need to succeed in today's markets is a verifiableedge. The Art and Science of Technical Analysis will give you thatedge and put you in a better position to improve your overalltrading performance.