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AbleTrend: Identifying and Analyzing Market Trends for Trading Success


Praise for AbleTrend

"We all know that developing a stable trading system takes a lot of work. But how much is a lot of work? After reading AbleTrend, you will have an idea of how much time and commitment authors John and Grace Wang had to put into developing their trading system, AbleTrend. What you gain from reading this book is an understanding of the important elements that make a great trading system."
Jayanthi Gopalakrishnan, Editor of Technical Analysis of Stocks & Commodities magazine

"This book does an excellent job in explaining the concepts and benefits of how and why trading systems and money management are vital for today's investors. Do not miss reading the significance of and requirements for proper risk management, which is provided in these pages. This book gives innovative money management strategies and formulas which could certainly level the playing field for novice traders who are competing against high-profile money managers. This book not only will help all traders, but it could certainly bridge the gap to what may be the missing piece in any trader's game plan."
John Person, author of A Complete Guide to Technical Trading Tactics, Candlestick and Pivot Point Trading Triggers, and Forex Conquered; founder of

"If you trade and want to learn the art and science behind an award-winning trading system, then this book is for you. John and Grace Wang provide an in-depth look into trend analysis, and they cover clearly defined rules for trading their system via AbleTrend scanning and charting software, powered by eSignal real-time data. This book offers valuable new insights on trend analysis that you will find useful."
Julie Craig, Vice President of Marketing for eSignal

"AbleTrend shows me how to trade with precise accuracy and elegant simplicity. One additional very important thing: AbleTrend helps one to control one's emotions and (often wrong) 'gut' feelings about the patterns. AbleTrend gives one confidence to enter and exit positions. AbleTrend gives one confidence to STAY IN a position."
Dr. John Meyer, Physician and AbleTrend user

"I have great confidence in AbleTrend to help my trading in the coming years."
Robert J. Seifert, Professional trader for thirty years, fund manager, and AbleTrend user

John Wang, PhD, is cofounder, Chairman, and CEO of AbleSys Corporation. He cofounded AbleSys in 1994, and developed the Spyglass trading system in 1992, ASCTrend indicators in 1995, and the eASCTrend trading system in 2000. Wang began trading commodities in 1990 and is an active trader today, registered as a Commodity Trading Advisor (CTA) since 1995. His research has been published in top scientific journals, including Chemical Physics Letters and the Journal of Physical Chemistry, among others.

Grace Wang is cofounder and Vice President of AbleSys. She received an MA in sports psychology from California State University, Sacramento, and an MA in physical education and gymnastics from Shanghai Institute of Physical Education. Wang became a CTA in 1995 and has been a frequent panel speaker at financial trade shows since 1999.



What You Will Find in the Book.

What You Will Find on the Web Site.


As You Begin.


CHAPTER 1 The Search for a Universal Market Law: The Rise of AbleTrend.

Complete Chaos or Hidden Order?

When My Interest in Trading Began.

A Scientific Antidote to Arbitrary Market Predictions.

First Steps: Becoming an EasyLanguage System Developer.

The Trend: Foe or Friend?

The Fundamental Approach.

The Dream of a Universal Early-Trend Indicator.

Could the Laws of Natural Sciences Also Govern the Financial Markets?

The Birth of AbleTrend.

CHAPTER 2 Advances in Market Trend Analysis.

What Is a Trend?

The Setup of a Trend.

Maturity of a Trend.

Drawing Trendlines.

Support and Resistance.

The Market Defines Support and Resistance.

How Common Methods Define Support/Resistance Levels.

How AbleTrend Defines Support and Resistance Levels.

AbleTrend Indicators.

Other Trend-Following Indicators.

Market Indications.

Three Rules for Following Trends.

The Golden Region of Entry: The Sweet Spot.

Time, Price, Forecasts, Predictions, and Targets.

Cycles and Waves.


CHAPTER 3 Four Elements of Trading Success.

Profitable Trading Systems and Methods.

Adequate Capitalization.

Money Management Strategy.

Discipline or a Winning Trading Psychology.


CHAPTER 4 Essential Philosophy of Trend Trading.

Wisdom of the Tao.

Trading Is a Business.

Only Trend Following Works.

Don’t Trade Against the Market.

Which Market Is the Most Tradable and Why?

Why Voting Systems Do Not Work.

Why $500 or 5 Percent Stops Do Not Work.

Why the Winning Rate Is Not Important.

Why You Cannot Pick a Top or Bottom.

How to Let Profits Run.

How to Cut Losses Short.

Go the Opposite Way of the Majority.

Trade Only the Risk Capital that You Can Afford to Lose.

If You Want to Win, Think About Loss.

Place Yourself beyond the Possibility of Defeat.

Trading Is the Most Difficult Thing in the World.


CHAPTER 5 The Applications.

What Is the “Winning Framework” for a Trading System?

STM Method—Buy on Blue and Sell on Red.

Evaluate a Trading System: Back-Testing.

Four Important Issues for Parameter Settings.

AbleTrend2 Stops.

The Sweet Spot—Golden Region of Entry.

Finding the Character of a Particular Market.

Trend Time Frames.

Avoid Choppy Markets.

Breakout or Retracement.

Day Trading versus Swing Trading.

In Conclusion: The Five F’s of Designing a Trading System.

CHAPTER 6 Examples of Trend Analysis.



The E-Minis.




CHAPTER 7 Advanced AbleTrend Tools.

Virtual Paper Trading (VPT).

Historical Forward Testing.


The Percent Charts.

The Guidance Charts.

Stock Search Engine—Stock Picks.

Visual or Chart Trading.

Automated Trading Orders.

Options Trading.

Spread Trading.

Portfolio Trading.


APPENDIX A: Interviews with AbleTrend Users.

John Meyer.

Bob Seifert.

Harvey Saff.

Gerry Wollert.

Mike Weingart.

Alex Kuan.

Remco Eenink.

Chris Anthony.

Jim Kane.

David Fawkes.

APPENDIX B: Quick Reference for STM.

STM Trading Method.


About the Authors.