since the introduction of the candlestick method to the US some two decades
ago, it caused a revolution in perceiving how the bullish and bearish forces
perform in the Western markets. It has become a popular charting tool, as traders have used candlesticks to make chart formations easier to spot and name. But interpreting candlesticks can be challenging. To make things easier, the heikin-ashi technique modifies the traditional candlestick chart. Let's take a look at how it works. The heikin-ashi method {heikin means "average" or "balance" in Japanese, while ashi means "foot" or "bar") is a visual technique that eliminates irregularities from a normal chart, offering a better picture of trends and consolidations.

There comes a time in the life of every investor when he or she runs out of money to invest: the birth of a baby, purchase of a home, a second child, braces, another baby (oops!), and, later on, tuition payments, wedding expenses, a second home. All of these can temporarily suspend regular investment plans. Permanent crimps in investing can arise when retirement plans are fully funded or retirement itself commences.

Several years ago I had the pleasure of taking Cynthia Kase on a speaking (teaching) tour to Italy and throughout many mid-eastern countries, I could easily discern that her mind was always at work. She would not take the traditional, commonly used technical analysis studies for granted, but would investigate carefully where others had blazed a trail, using their observations as a jumping off place from which to begin truly unique research. An outside observer could see at the time that she had already mined the rough gems.

I just sold a stock for $23 that I bought last week for $18. What a high! That is the
pleasure of being a trader, being right. Taking a profit is great, but the money is not as important as the success. I think the best trader is the one who only uses the money to keep score. He treats trading as a challenge. In the pages that follow we are going to be looking at some unique methods of analysis that can help to make trading more successful and therefore more fun. When I say traders I am thinking primarily of those who buy individual stocks and hold them for a period of days, or at most a few weeks. All the examples we look at will be concerned with that time frame. That is not to say the methodology is not applicable to other time frames, it is. But our emphasis will be on short term trading.

To trade effectively, you must first have a plan, laying out a strategy for the upcoming trading day. Your plan should encompass your mental preparation, your technical analysis of the market, entry and exit points, and the nature of the market, itself. In this Seven-Part Course, I'll lead you through the highlights of devising a plan to trade.

First, I have to apologize in advance. This book barely mentions Coca-Cola or the Washington Post. I also don’t really talk about the many fine companies that Berkshire Hathaway has bought over the past three decades (See’s Candies, the Pampered Chef, Dairy Queen, National Furniture Mart, and others). There are many excellent books that cover these topics. And while Warren Buffett has made billions of dollars from these investments, I don’t think I can add to the already great dialogue that has taken place on these topics.

Trading is a life experience, it is not like any other business. As you become a better trader, you become a better person. But as you evolve it is difficult to look back at where you were. I believe this is why there are no other books which cover all the ground. Those traders who do make it often “forget” how they got there, not surprisingly, as a lot of the skills become subconscious. However, John has always combined his trading with writing about markets.

In the extreme northeastern corner ofthe Lone Star State ofTexas, about eight miles west ofTexar-kana, in a lonely farm-house on Sunday morning, June lO111, Amelia Gordon turned over in her bed and watched the sunlight streaming thru the window on the head of her new-born son. She had always hoped that this, her third son, would be born on Sunday, but he was born late Saturday night, June 9111,1906.

If you’d been born in a cave and had lived there your entire life, with no knowledge of radio or television signals, you would probably be skeptical if someone were to tell you the air waves were filled with conversation, political commentary, advice for the lovelorn, hot stock tips, music, and even pictures. Of course, without a radio or television you would not be aware of the existence of such signals.

You probably asked yourself the same questions: “Why would anyone give away the rules to the original Turtle Trading System? How can I be sure that these are the original Turtle Trading System rules as taught by Richard Dennis and William Eckhardt?” The answer to these questions lies in the origin of this project.