| Preface | p. ix |
| Acknowledgments | p. xi |
| Introduction | p. 1 |
| The Forces Behind Increased Volatility | p. 1 |
| The Computer Revolution and Trading | p. 2 |
| Advances in Market Quotation Systems | p. 3 |
| The International and Domestic Political Backdrop | p. 3 |
| Responsibilities and Goals of the Day Trader | p. 3 |
| About This Book | p. 4 |
| Beware of Tall Tales | p. 5 |
| Who Succeeds and Who Fails--Qualities for Success | p. 5 |
| What This Book Cannot and Will Not Do for You | p. 9 |
| No Exaggerated Claims | p. 10 |
| Historical Results | p. 10 |
| Do Your Own Research | p. 10 |
| Practice | p. 11 |
| Getting Started | p. 11 |
| Risk and Loss in Futures Trading | p. 12 |
| The Basics | p. 13 |
| Definition of Terms | p. 13 |
| What a Day Trader Is and What a Day Trader Does | p. 18 |
| What Does a Day Trader Trade? | p. 19 |
| Why Day Trade? | p. 19 |
| The Illusion of System Testing | p. 23 |
| System Development | p. 23 |
| What Is a Trading System? | p. 24 |
| What's Left? | p. 25 |
| Markets Change--Market Participants Change | p. 26 |
| Striving for Solutions | p. 27 |
| The Role of Artificial Intelligence | p. 27 |
| Implications for the Future | p. 29 |
| Day Trading with Moving Averages | p. 30 |
| Moving Average Basics | p. 30 |
| Traditional Moving Average Systems: Assets and Liabilities | p. 32 |
| Moving Average Crossovers--Price versus MA | p. 34 |
| Moving Averages as Support and Resistance | p. 39 |
| Intraday Application of Stochastics | p. 43 |
| Explaining Stochastics Quickly and Simply | p. 43 |
| The Basic Stochastic Indicator | p. 44 |
| Basic Approaches to SI Timing | p. 45 |
| Intraday Stochastic POP: Definition | p. 47 |
| SP Parameters | p. 48 |
| Markets in Which SP Works Well | p. 52 |
| Hit and Run Trading Using the SP | p. 52 |
| Variation on the Theme of SP | p. 53 |
| What You Can Expect | p. 54 |
| Preferred Markets for SP Application | p. 55 |
| Gaps, Gaps, Gaps | p. 56 |
| Gap Trading Rules and Definitions | p. 58 |
| Some Observations about the Gap Technique | p. 66 |
| Get Some Experience | p. 70 |
| Gap Size and Penetration Size | p. 71 |
| What You Can Realistically Expect | p. 71 |
| A Few Last Words about Stop Orders | p. 72 |
| Support and Resistance: the "MAC" | p. 73 |
| The Moving Average Channel | p. 74 |
| How Support and Resistance Develop during the Day | p. 76 |
| Determining Trend, Support, and Resistance | p. 78 |
| Trading within an Established Trend | p. 80 |
| Exiting Positions--Right or Wrong | p. 80 |
| Sideways Trend Trading--Trading within the Channel | p. 82 |
| A Few Precautions and Suggestions | p. 83 |
| Using the Channel Technique with Other Methods | p. 84 |
| Evaluation of the MAC | p. 86 |
| Using Wilder's RSI for Day Trading | p. 87 |
| Defining the First Derivative | p. 88 |
| Rules for Day Trading with the RSI | p. 89 |
| Using Intraday Momentum | p. 94 |
| Rate of Change in Day Trading | p. 100 |
| Intraday Channel Breakout | p. 106 |
| How the Channel Breakout System Works | p. 108 |
| Traditional Methods of Technical Analysis and Day Trading | p. 111 |
| Trend Line Analysis | p. 112 |
| Trend Line Applications--Chart Formations | p. 115 |
| A Unique Oscillator for Day Trading | p. 121 |
| Opens versus Closes | p. 123 |
| Construction of the O/C for Intraday Trading | p. 125 |
| Examining Some Signals | p. 126 |
| Scalping the Markets | p. 130 |
| What Is Scalping? | p. 131 |
| Rules for Scalping | p. 132 |
| Suggested Methods of Scalping | p. 132 |
| Buying into Large Declines or Selling into Large Rallies | p. 139 |
| Importance of Orders | p. 141 |
| What You Should Know about Market Orders | p. 141 |
| Market-If-Touched (MIT) Orders | p. 142 |
| Fill-or-Kill (FOK) Orders | p. 143 |
| Stop Orders | p. 143 |
| Stop Limit Orders | p. 144 |
| Good-Til-Canceled (GTC) Orders | p. 144 |
| One Cancels the Other (OCO) | p. 144 |
| Using Orders to Your Advantage | p. 144 |
| How Seasonality Affects Markets | p. 148 |
| Defining Key Seasonal Dates | p. 148 |
| How to Use the Key Seasonal Date Tendencies | p. 149 |
| Daily Season Tendencies | p. 153 |
| Intraday Spread Trading | p. 163 |
| Preselection: The Key to Profitable Spread Day Trading | p. 163 |
| Methods of Spread Day Trading | p. 164 |
| What You Can Realistically Expect | p. 169 |
| The Consecutive Closes System | p. 170 |
| Definitions and Signals | p. 170 |
| How the CC System Operates | p. 171 |
| Sentiment Reigns Supreme | p. 175 |
| Defining Sentiment | p. 176 |
| A Daily Sentiment Index--Ideal for Short-Term Trading | p. 177 |
| A Brief Historical Overview | p. 177 |
| A DSI Day-Trading Application | p. 178 |
| Visualizing Market Sentiment Relationships | p. 178 |
| The Importance of Market Sentiment | p. 178 |
| DSI Historical Data | p. 185 |
| Critical Time of Day (CTOD) | p. 186 |
| Basic CTOD Signals and Parameters | p. 186 |
| Tips and Suggestions for Using CTOD | p. 188 |
| Putting It All Together | p. 191 |
| The Psychology of Day Trading | p. 197 |
| A Successful Day Trader Needs Discipline | p. 198 |
| The Impact of 24-Hour Trading on Day Trading | p. 207 |
| Twenty Keys to Success as a Day Trader | p. 211 |
| Formulae | p. 220 |
| Index | p. 223 |
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