Trading Strategies John Murphy Ten Laws Of Technical Trading

Ten Laws of Technical Trading Which way is the market moving?

How far up or down will it go?

And when will it go the other way?

These are the basic concerns of the technical analyst.

Behind the charts and graphs and mathematical formulas used to analyze market trends are some basic concepts that apply to most of the theories employed by today's technical analysts.

John Murphy, a leader in technical analysis of futures markets, has drawn upon his thirty years of experience in the field to develop ten basic laws of technical trading: rules that are designed to help explain the whole idea of technical trading for the beginner and to streamline the trading methodology for the more experienced practitioner.

These precepts define the key tools of technical analysis and how to use them to identify buying and selling opportunities. Mr. Murphy was the technical analyst for CNBC-TV for seven years on the popular show "Tech Talk" and has authored three best-selling books on the subject - Technical Analysis of the Financial Markets, Intermarket Technical Analysis and The Visual Investor. His most recent book demonstrates the essential "visual" elements of technical analysis. The fundamentals of Mr. Murphy's approach to technical analysis illustrate that it is more important to determine where a market is going (up or down) rather than the why behind it.