John Murphy – actual trader, technical analysis expert. Murphy has been on the financial market since the 60s of the XX century.
In his work "Technical Analysis of Financial Markets" Murphy examines the theoretical foundations of technical analysis and methods of their application in practice. The book can be used as a basic guide to technical analysis for both futures and stocks and other instruments.
The book will be useful for beginners and experienced market participants. Murphy reveals the basic principles of the Dow theory, considers the types of charts, teaches how to build and understand it. The author of the work "Technical Analysis of Financial Markets" speaks of volume and open interest as additional indicators of market analysis.
Murphy considers long-term charts and commodity indices, moving averages, oscillators, intraday pip-figure charts, standard methods for measuring them. Attention is also paid to Elliot's theory, Fibonacci numbers and even money management.