Overview

A new technical analysis tool for S&P 500 day traders. The MEJT system is a brand new and exclusive tool for use alongside other technical analysis techniques in day trading the Standard and Poor's 500 Index. It is based on the principle that price action at certain times of the day can allow traders to make predictions regarding future support and resistance levels. The system also defines, well in advance, which trends might have staying power and which ones should retrace. Here, in the first book on this new trading tool, the rules of the MEJT system are explained and carefully illustrated with real price charts. Readers are encouraged to analyse price chart examples for themselves, before reading the author's analysis of the trading situation. The final chapter of the book follows three weeks of consecutive trading days on the S&P 500, examining, for each, what the MEJT tool suggested for the day and how reliable the prediction was. The ideas in this book will appeal to experienced day traders who are already familiar with technical analysis of the stock market and who are interested in learning about - and putting into practice - a new, profitable trading technique.If you use technical analysis to trade the markets, this book will give you information you can, and will, use every day.

Full Product Details

Author:   Jeffrey Tennant
Publisher:   Harriman House Publishing
Imprint:   Harriman House Publishing
Dimensions:   Width: 21.60cm , Height: 1.00cm , Length: 21.60cm
Weight:   0.358kg
ISBN:  

9780857190352

ISBN 10:   0857190350
Pages:   192
Publication Date:   03 February 2011
Recommended Age:   From 18 years
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Out of Print
Availability:   Awaiting stock  

Table of Contents

Preface Part 1: Introduction 1. The MEJT System: Background, Definitions and General Principles Introduction The uses of the MEJT system Basic principles of the MEJT system Using TradeStation to identify the bars of the am sequence and MEJT sequence Naming of the MEJT system Part 2: Morning Signals 2. Trading the Am MEJT Sequence Defining the am sequence Rules of the am sequence Sustainable trends - the am+2 bar Unsustainable trends Examples of trend indication in the am sequence 3. The Am+3 Buy Signal Rules for the am+3 buy signal Examples of the am+3 bar buy signal Part 3: Afternoon Signals 4. Trading the MEJT Sequence Defining the pm sequence Basic principle behind the MEJT prediction Rules for trading the MEJT sequence Examples of trend indication in the pm sequence 5. The MEJT+3 or MEJT+4 Buy or Sell Signal Examples of the MEJT+3 and MEJT+4 buy or sell signal Part 4: Additional Information From MEJT 6. The Ultimate Signal - A Very Reliable Indicator Examples of the ultimate signal 7. Targets - Required and Optional Different types of targets Examples of setting targets 8. Support - Overt and Covert Part 5: The MEJT System In Practice 9. Putting the System to the Test Introduction Trading examples Index

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Author Information

Author Website:   http://www.harriman-house.com/pages/authors.htm?Index=17305&Author=Jeffrey_Tennant

Jeffrey S. Tennant, MD is an individual investor. For over eight years he has been giving daily online analysis (most recently at www.timeandcycles.com) of the Standard and Poors 500 Index. He has relied heavily on the MEJT System to make his predictions, and he wrote this book because of the large number of requests he received from traders who wished to learn his methodology. The author posts a daily video of MEJT System analysis on his YouTube channel. In addition to performing technical analysis of the stock market, which he has done for over 30 years, his lifelong interests include ophthalmology, trivia and chess. He and his wife, Noreen, have four grown children: David, Hilary, Andrew and Bradley.

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Author Website:   http://www.harriman-house.com/pages/authors.htm?Index=17305&Author=Jeffrey_Tennant

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