Publisher's Synopsis
A revolution in the success rate of technical analysis. Here is the book you always dreamed about. It explains a new method of technical analysis developed by the authors on the basis of their own experiences. It is a method that is easy to understand and simple to use. Anyone can use it for trading. The method is useful for a novice trader and for the professional intraday traders as well. The method is useful in different types of markets. It can be used for the analysis of a stock, an index, a commodity or a currency. A reader can master the art of using this method only by training his eyes properly. He has to understand how to spot the buying and selling opportunities in a chart. The method should not be automated as it is based upon the observation of charts by the bare eyes only. This method generates a limited number of signals. However, the quality of such signals is very high. In other words, you have a great opportunity to make handsome profits by mastering this method. As mentioned earlier, you should not try to increase the number of signals by making changes in the method. Rather you should try to find the appropriate stock, index, commodity or currency charts showing HKF signals. Moreover, you can use the tick data, 5 minute data, 15 minute data, 60 minute data, daily data, weekly data or even monthly data for the purpose of analysis. The aspects of stop loss and target are not discussed in this book. They will be discussed in my next book titled 'The Use Of Hemant Kanade Factor In Technical Analysis - Part Two'. My previous book explains the use of moving averages in the technical analysis for timing the investment decisions properly. It was the first book in the series for investors, especially for the beginners. This one is the next book in the series that is useful to the beginners and for the advanced users as well. I have developed my own indicator for the buy sell decisions, especially to detect the breakouts and breakdowns well in advance. This indicator is explained in this book in detail with abundant examples from the global markets. My previous book contained a lot of data consuming many pages in the book. The reason for providing the same was to enable the beginners to know whether they are on the right track or not while conducting the analysis on their own in MS Excel. The present book gives you the detailed idea of the calculations to be performed in the initial chapter only. Thereafter, the book does not provide the data, but explains how the same can be understood correctly and used for making profits, assuming that the readers perform the calculations correctly. A better guide to time the investment decisions properly Wish you a very profitable and confident trading.
