The author explicitly discards any trading systems or tools that have a success rate lower than 50%, arguing that one could achieve better results by simply rolling dice. Law of Supply and Demand:
Análisis Técnico: Operar con éxito en acciones y futuros by Francisco Javier Llinares Coloma offers a "no-nonsense," statistically driven approach to market speculation, emphasizing the law of supply and demand over popular, unreliable indicators. The work provides a framework for trading stocks and futures, focusing on proprietary methods, trend detection, and rigorous psychological control to secure a trading edge. Learn more about his approach in his later work via Amazon.es or his analysis on Rankia . The author explicitly discards any trading systems or
Covers Dow Theory, chart patterns, and the mechanics of identifying trend changes. Learn more about his approach in his later work via Amazon
Technical Analysis of the Financial Markets by John J. Murphy Murphy Devotes significant space to the mental traps
Devotes significant space to the mental traps that cause most new traders to fail.
Francisco J. Llinares is a renowned figure in the Spanish-speaking financial community, known for his pragmatic and often contrarian views on . His methodology for operating successfully in stocks and futures isn't just about reading charts; it's about understanding market psychology , mathematical probability , and risk management . 1. The Foundation: Why Technical Analysis?
Unlike many US-based authors who focus exclusively on equities, Llinares dedicates significant attention to —a crucial differentiator. Futures (on indices, commodities, or bonds) behave differently than stocks due to expiration dates, rollover mechanics, and leverage. His analysis bridges this gap.