{"product_id":"trading-the-trends","title":"Trading the Trends by Fred McAllen","description":"\u003ch2\u003eTrading the Trends by Fred McAllen\u003c\/h2\u003e\n\u003cp data-path-to-node=\"4\"\u003eMcAllen’s philosophy is rooted in radical simplicity. He argues that retail traders consistently lose money because they complicate their charts with too many lagging indicators, moving average lines, and oscillators.\u003c\/p\u003e\n\u003cp data-path-to-node=\"5\"\u003eHis methodology forces the trader to look at the only two metrics that truly matter: \u003cb data-path-to-node=\"5\" data-index-in-node=\"85\"\u003ePrice Action\u003c\/b\u003e and \u003cb data-path-to-node=\"5\" data-index-in-node=\"102\"\u003eVolume\u003c\/b\u003e.\u003c\/p\u003e\n\u003ch3 data-path-to-node=\"6\"\u003e\u003cb data-path-to-node=\"6\" data-index-in-node=\"0\"\u003e1. The Mechanics of Trend Identification\u003c\/b\u003e\u003c\/h3\u003e\n\u003cp data-path-to-node=\"7\"\u003eMcAllen defines market trends using clear, structural definitions that remove guesswork from a chart:\u003c\/p\u003e\n\u003cul data-path-to-node=\"8\"\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"8,0,0\"\u003e\u003cb data-path-to-node=\"8,0,0\" data-index-in-node=\"0\"\u003eUptrend:\u003c\/b\u003e A systematic series of \u003cb data-path-to-node=\"8,0,0\" data-index-in-node=\"32\"\u003eHigher Highs (HH)\u003c\/b\u003e and \u003cb data-path-to-node=\"8,0,0\" data-index-in-node=\"54\"\u003eHigher Lows (HL)\u003c\/b\u003e. As long as a stock continues to hold its previous low on a pullback, the uptrend remains intact.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp data-path-to-node=\"8,1,0\"\u003e\u003cb data-path-to-node=\"8,1,0\" data-index-in-node=\"0\"\u003eDowntrend:\u003c\/b\u003e A systematic series of \u003cb data-path-to-node=\"8,1,0\" data-index-in-node=\"34\"\u003eLower Highs (LH)\u003c\/b\u003e and \u003cb data-path-to-node=\"8,1,0\" data-index-in-node=\"55\"\u003eLower Lows (LL)\u003c\/b\u003e. McAllen explicitly warns against ever trying to \"catch a falling knife\" or buying a stock simply because it looks cheap while printing lower lows.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch2 data-path-to-node=\"14\"\u003e\u003cb data-path-to-node=\"14\" data-index-in-node=\"0\"\u003eCore Axioms of Trend Trading\u003c\/b\u003e\u003c\/h2\u003e\n\u003cp data-path-to-node=\"15\"\u003eThroughout the book, McAllen details a set of mechanical rules designed to protect capital and prevent emotional decision-making:\u003c\/p\u003e\n\u003ch3 data-path-to-node=\"16\"\u003e\u003cb data-path-to-node=\"16\" data-index-in-node=\"0\"\u003e1. Stop Listening to the Experts\u003c\/b\u003e\u003c\/h3\u003e\n\u003cp data-path-to-node=\"17\"\u003eOne of McAllen's most passionate arguments is that financial television commentators, corporate analysts, and news headlines are lagging distractions designed to generate ratings or protect institutional interests. By the time a mainstream news source announces that a company is a \"fantastic buy,\" big institutions have usually finished accumulating their shares and are preparing to sell them to late-arriving retail buyers. The raw chart always reveals institutional intentions weeks before it hits the news cycle.\u003c\/p\u003e\n\u003ch3 data-path-to-node=\"18\"\u003e\u003cb data-path-to-node=\"18\" data-index-in-node=\"0\"\u003e2. Buy at the Support Turn, Not the Breakout\u003c\/b\u003e\u003c\/h3\u003e\n\u003cp data-path-to-node=\"19\"\u003eWhile many trading books advocate buying \"breakouts\" (when a price shoots above a previous high), McAllen prefers a more risk-averse entry strategy. He instructs traders to wait patiently for a stock to pull back to a clear \u003cb data-path-to-node=\"19\" data-index-in-node=\"224\"\u003esupport level\u003c\/b\u003e (a historic floor where buyers have previously stepped in). Once the price stabilizes at support and turns upward on expanding volume, a high-probability trade is born with a very tight, controlled risk parameters.\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003eLanguage: English.\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003eGenre: Finance\u003cspan class=\"BookPageMetadataSection__genreButton\"\u003e\u003c\/span\u003e\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003eBinding: সেলাই করা বাইন্ডিং\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003eQuality: Premium Quality Books.\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003ePrinting: High Quality Printing.\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003ePaper: Eye Friendly paper (Cream White)\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cstrong\u003eCover: Matt cover (Paperback).\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e","brand":"Royal Books BD","offers":[{"title":"Default Title","offer_id":47281386291385,"sku":null,"price":300.0,"currency_code":"BDT","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0780\/0874\/6169\/files\/Trading_the_Trends.jpg?v=1779526661","url":"https:\/\/royalbooksbd.com\/products\/trading-the-trends","provider":"Royal Books BD","version":"1.0","type":"link"}