Book Description
A simple, straightforward guide to the fundamentals of technical analysis
For active traders and investors who don't understand the complicated art of technical analysis, this commonsense resource covers all the bases. Explaining the basic principles of analysis and showing how to implement them, Technical Analysis For Dummies dumps the confusing jargon and unreadable charts for basic explanations and practical guidance. In no time at all, readers will see how to make better trading decisions.
Barbara Rockefeller (Stamford, CT) is one of the foremost authorities on technical analysis and founder of Rockefeller Treasury Services.
Customer Reviews:
There's gotta be better than this.......2007-08-15
The author attempts a very difficult subject and falls flat on her face.
Very unclear. Sentences an English professor couldn't diagram. Most any other book on Technical Analysis would be better
Great and easy to read.......2007-08-10
My investment friend was surprise when I told him that this book help me a lot. I keep this book by me at all times if I need to go back and review something. You should have this in your library.
Good as a reference.......2007-03-16
This book is pretty good for a reference, it covers all the basic issues and ideas that one should know when dealing with technical analysis.
My disappointment is that it lacks the prctical section. OK, so I know the basics, I open the chart at any charts system, and now what??
It doesnt give any methods of analysis, it just gives the tools.
Bottom line, as I see it, after reading the book you can't just go and start working...
NOT CLEARER THAN BEFORE STUFF.......2006-08-19
God help the "dummies" who like to learn from this book. Don't get this book if you are new to technical analysis, which will NOT make you money either. It will just confuse you. I recommend Martin Pring to start out with.
THE BEST.......2006-07-25
I've checked out lots of books on Technical Analysis and I've found this far and away the best, both for its understandability and its breadth. It's not a simple read, because technical analysis isn't a simple subject. But if you dedicate yourself to understanding it (with more than one reading), it will pay you back every step of the way.
This is definitely the book to start with (and maybe end with too) if you're serious about learning the discipline of technical analysis, rather than just dabbling in it. It's like being taught by a friend who's "in the business."
Book Description
A thorough trading guide from a professional trader
The Complete Guide to Technical Trading Tactics can help the new individual investor understand the mechanics of the markets. Filled with in-depth insights and practical advice, this book details what it takes to trade and shows readers how they can broaden their horizons by investing in the futures and options markets. The Complete Guide to Technical Trading Tactics outlines a variety of proven methodologies-pivot points, candlesticks, and other top indicators-so readers may use those that work best for them as well as make their own trading decisions without a second thought. Author John Person also shares his insights on a variety of trading technologies that will allow readers to gain a competitive edge in the market.
John L. Person (Palm Beach, FL) publishes The Bottom-Line Financial and Futures Newsletter, a weekly commodity publication that incorporates fundamental new developments as well as technical analysis using his trading system.
Customer Reviews:
Very Informative.......2006-08-01
I thoroughly enjoyed the book and appreciated John's candor and willingness to share methods to achieve profitablity in trading.
I would recommend this book to anyone looking to learn a methodology
of trading using candlestick formations and pivot points.
This was a dissapointing read..........2006-06-23
I agree with a couple of posts that say this is a very basic book, and that most of the information could be found for free on the internet. I would go as far as to say that some information would be better if read on the internet.
The examples about pivots (the key part of the book), one chart after another were not easy to follow. The section on TA was woefully lacking. The author has a section on Gann theory, and more or less advises to go buy the book that Gann wrote. As it turns out, there is some pretty rich information about Gann on the web.
My biggest pet peeve about this book were the continual subliminal references (advertisements) to the author's subscription based website. Besides that, I did not like the blatent plugging of the people who praised his book on the back cover. It's okay for an author to put their website on the back of the book. If the information stands on it's own then I can go to the website to learn more. What's not cool is to give vauge trading strategies, then give some glowing account of how your subscription newsletter called the shots.
I did give the book two stars, which means I wasn't totally dissapointed. He does stress a couple of good points regarding pivots, but it's all pretty basic beginner stuff.
An excellent Forex trading book.......2005-08-31
This book is very easy to read and follow a lot of concepts the author has mentioned. It provides a very good trading guidelines about how to make a trading decision based on the pivot point calculation and candlestick charting technique. If you know a little bit of candlestick charting, you would enjoy this book very much. In addition, it warns the traders to utilize other technical indicators as well. The more technical indicators support your conclusion, the better of placing a successful trade in the spot market. As you know every technique has some pitfalls. The author mentions that "Once in a while you will lose your shirt, but do not lose your pants because the money is in the wallet.". A very true statement. The trader always tries to survive for the next trading opportunity. I have started incorporating a lot of concepts in my trading decisions. I would encourage every trader to read this book. Learning is the ultimate way of surviving in this very volatile market.
A Great Book for Forex Trading.......2005-06-02
The technical tactics and techniques described in this book have already helped me to start making a profit in forex trading on a more consistent basis.
This book's explanation on how to place orders and the different types are the best I've read so far.
Pivot Points used in conjunction with Candlesticks is what I have been using to trade currencies and so far the results have been very satisfying. Thank you Mr Person for writing this most excellent book!
Excellent Study Course.......2005-03-16
John Person provides an excellent overview of necessary trading tools. I learned a great deal from his book and his seminars. The best part about his book is that he is a trader by profession and the information he provides he utilizes. This book is a must have for traders interested in increasing their consistency and profits from trading
Book Description
Technical analysis¿the analysis of price, volume, and supply/demand imbalance br>has been a staple of serious traders for decades. Now, The Day Trader¿s Guide to Technical Analysis shows traders already familiar with charts and charting how the well-known, time-honored rules of technical analysis can help uncover tremendous profit opportunities in today¿s fast-action, wide-open electronic day trading environment. Trading professional Chris Lewis illustrates his methods through a week of sample trades, explaining what wins, what loses, and why. Details covered include: ¿ In-depth explanation of Nasdaq Level II screens and time of sales ¿ Strategies to get the best price for any trade¿buy or sell ¿ Discussion of trading psychology, with proven rules for maintaining discipline Chris Lewis (Hastings on Hudson, NY) is Vice President of International Operations for ILX Systems. A professional trader, Lewis previously worked as a trading systems engineer for UBS Fixed Income, Henderston Administration, and Reuters.
Download Description
The Day Trader's Guide to Technical Analysis shows traders already familiar with charts and charting how the well-known, time-honored rules of technical analysis can help uncover tremendous profit opportunities in today's fast-action, wide-open electronic trading market.
Customer Reviews:
Great book with rare insight.......2006-04-20
The chapter on level 2 alone is worth the price of the book. Yes the markets have changed and will continue to change, but you can always apply the general principles. Example: accumulation is accumulation regardless of what the market conditions are. Chris points out how to spot accumulation on level 2 and T&S, and if you grasp the idea, you should be able to spot them in any market with the tools available.
Very useful, if somewhat out of date..........2002-02-17
There is much useful material, along with a thoughtful approach to creating a daytrading discipline, in this book. I don't fully agree with (and wouldn't expect to) all of Lewis' statements, and, as you might expect, given the changes in the trading environment over the last couple of years, many of his methods and observations are arguably already out of date, but others still apply, and his overall philosophy, perspective, and attitude are probably more important, in my opinion, than the particulars of his personal approach as practiced in and around late 2000. The text includes numerous clear, concrete, and detailed examples, though you may have to look past an L2 screen with a stack of QCOM buyers at 343 13/16 (I just never get over mania-market prices) to receive the message.
SOMEONE SUCCESSFULL WITH THE SAME INTERESTS AS US FINALLY TA.......2001-09-08
SOMEONE SUCCESSFUL WITH THE SAME INTEREST AS OURS REVEALS TO US HIS SYSTEM. CLEAR, THRUTFUL AND CONCISE. THIS BOOK WAS THE ULTIMATE REVELATION FOR ME. GOT ALL MY IDEAS CLEAR ON MY OWN APPROACH AND PERMIT ME, COMBINED WITH DIFFERENT MOMENTUM CONCEPTION TO GAIN MASTERY IN TRADING. MY DREAM HAS BECOME REALITY AFTER 10 MONTHS.
THANK YOU A LOT Mr. LEWIS for your GENEROSITY AND plain english FOR TREATING SUCH COMPLEX MATTERS.
(OTHER PARALLEL READINGS TO GET TO THE ULTIMATE RESULT:
STAN WEINSTEIN/ WILLIAM O'NEIL (TRADING PHILOSOPHY!!
ALAN FARLEY (ORIGINAL SWING TRADING CONCEPTION
JOSH LUKEMAN (MARKET MAKERS MENTALITY
& ARI KIEV (PSYCHOLOGY ASPECTS FOR TRADING
These strategies don't work.......2001-05-24
I lost money using these strategies. Buy Steve Nison book if you want a good book on TA. This one just doesn't measure up.
All in all, a rather decent book.......2000-11-16
The good points: first, the book's emphasis is on trading the open, offering a straight forward strategy for playing momentum type gaps. Second, the book has a thorough review of TA basics filtered by practical and experienced advice. Third, there were several odds and ends (like NASDAQ having two data feeds, do the S&P Futures really say anything, etc) that were indeed helpful.
The not so good points: while, its all there, you have to really read the text carefully to extract what you need - meaning it could have been better organized for flow in some chapters. Second, a week in the life "Trading Week" would have been more satisfying if it had been two weeks long and not one (the author might disagree).
All in all, a rather decent book that I value for its level-headed, lets stick to the basics, here's what really works kind of thinking.
Book Description
One of the best-known futures traders explains how to trade for profit in today's global futures marketplace
Look into the bookcase of any successful futures trader, and odds are you’ll find a worn, well-used copy of Mark Powers’s Starting Out In Futures Trading. In this new edition—the best-selling book’s first update since 1993—Powers reflects on the many new forces that are shaping the industry. From new rules and regulations to the emergence of electronic trading and the Internet, Powers’s unquestioned knowledge and experience cover all the key basics in the world of futures trading—and show traders from novice to veteran how to profit in that world.
The perfect starting point for a new trader, and a valuable refresher for anyone, Starting Out In Futures Trading, Sixth Edition, covers:
- How to choose a broker and place an order
- The increased importance of stock indices
- New research, rules, and regulations
Customer Reviews:
Buy the updated version!!.......2001-05-12
It is a well written book, but this edition is plagued with print errors, and mistakes in at least one chart. Don't make the same mistake I did; buy the last edition (I bought mine on the store with very little time ...) Anyway, I guess the last version is corrected and updated. I like the fact that mixes personal experience with academic and corporate studies about the market!
Good Content / Great Value.......1999-07-02
For the price this is a great book to learn and help understand the specifics that make up all the basics in trading commodity-futures. After reading this book, I felt as if I had taken a formal college course on the subject of Futures and understood it much better from various angles now. There's no "hype" in the book, no agendas, no further products or services to buy being pitched to you, just plain vanilla (ok, french vanilla) basics being laid out for you in textbook fashion for you to digest in your own terms. I like that - it's refreshing in a way. It is probably like this because it was really written 20+ years ago (don't worry, it's been revised many times to be modernized - 5th edition, 1993). The book was originally written and printed in "Commodities" magazine as a popular mini-course series (before the magazine changed it's name to the modern "Futures" magazine we know it as today). Even though I knew much of the content from personal experience (the most costly way) or from other readings, my CTA, etc, I did not always understand the "why" behind the rules I was following & how the markets work the way they do from both a technical and fundmental perspective (dynamics). Of the some 28 chapters, I really took interest in almost every one. I can't say that about most of the other trading books I've read. Put it this way... if I could keep only 5 trading books, this would be one of them. You'll likely dump more than that on the commissions for 1 trade - or, worse yet, even more than that on 1 bad trade. ** Beginners, I recommend the following: If your goal is to have deeper pockets from trading - then you must first go deeper in your understanding of futures markets & trading them (i.e. Read the book).
Product Description
The world's leading hedge funds turn to Ari Kiev when they need to fine-tune their trading performance. Now, you can, too, with this powerful new video presentation. This interactive workshop outlines all the methods he trains professionals to adopt, including exercises to help keep emotions in check, stay on a disciplined track - and make trading decisions guided by strategy rather than by an elevated stress level. Let the popular Trading to Win author show you how to remain a cool, strategic
Every trader has, at some point, let emotions guide their trading - usually resulting in costly results. The most successful traders will even tell you that the discipline they were forced to embrace as a result, was the key to their future trading success. Now, Trading to Win author Dr. Ari Kiev brings his personal coaching workshop into your own home, so you can develop the skills it takes to be a cool, collected, and consistently successful trader.
This interactive course will help you remove the emotional component involved in making buy/sell decisions. He'll coach you on the best ways to deal with the stress, anxiety, and adrenaline rush that's a by-product of daily market activity. And you'll learn the same methods he's trained thousands of professional traders to employ as they triumph over the psychological problems
learn to:
· Trade less emotionally, and more strategically.
· Identify the major stress triggers in trading.
· Recognize - and overcome - the psychological habits that keep you from achieving maximum performance.
· Be honest with yourself - rather than masking your trading anxieties.
· Reduce the influence of greed by setting targets - and learning to stick to them.
You'll find winning methods for resolving problems when working with a trading partner, and learn to challenge yourself without also elevating your level of stress. Leading hedge funds turn to Kiev when they need to master emotions on the path to consistent trading success
Product Description
Live Audio CD from Traders EXPO seminar by Lewis Borsellino. Successful day traders are brilliant, aggressive, and lucky-and Borsellino, the nation's top S&P trader-is all three. Now he gives a behind-the-scenes look at his every day strategies including some of the basic rules of trading, the "10 Commandments of trading, key rules to follow after losing a trade The anatomy of a short-term trade-and more
This down to earth audio presentation, full of tips and war stories, is a great companion to Borsellino's bestselling on trading, The Day Trader: From the Pit to the PC.
Book Description
The Mathematics of Technical Analysis by Clifford J. Sherry and Jason W. Sherry promises to revolutionize how we think about the markets. In this ground-breaking work, the authors challenge the random walk hypothesis – the idea that there is neither rhyme nor reason to the markets. This far-reaching text describes a series of simple but statistically rigorous methods for analyzing time series. Originally developed to study information processing in the nervous system, they have been modified to analyze economically important time series. These statistical techniques allow traders to determine if a time series is stationary/non-stationary, independent/dependent, and/or random/non-random. These statistical questions are vital for traders because if a time series is non-stationary, independent, and random, it is unlikely that any analysis method, technical or fundamental, will work because the underlying rules that generate the time series change from time to time without warning. However, if a time series is stationary, dependent and non-random, the underlying rules generating prices demonstrate a consistency that will allow analysts to identify low risk/high reward trades.
Customer Reviews:
Serious misunderstandings and outright errors.......2007-01-12
I am a professional trader, have an MBA from a major business school, and a decent amount of Finance PhD coursework, so I do know a bit of what I'm talking about. This is one of the worst trading books I have seen. It presents extremely simple time-series analysis, using methods the author developed in some cases (and mis-applied from existing techniques in other cases). The problem is, the math and tools to do these analysis already exists and is implemented in every statistical software available.
If you need more proof of this author's misunderstanding, turn to the last chapter where he discusses portfolio theory. You would think someone writing a book on stats would understand this, but he makes a fundamental error that no one who ever took a single finance class could make: He claims that "Beta-type risk" (market risk) can be reduced by holding a diversified portfolio if the correlations are negative!! This is absolutely wrong on two fronts -- Beta risk is specifically non-diversifiable (and to reduce company-specific risk the correlations just need to be less than 1, not negative). This is one example of the many many errors in this book.
One of the authors is an "investment advisor for Morgan Stanley"?! I wonder how that is working out...
Sherry's book is thorough!!.......2003-08-12
Sherry's book provides a series of screening tools that you should apply to your historical data, such as prices, price changes, or volume. If your data passes these tests, then it is much more likely that your technical tools will work effectively and lead to profitable trades. Get an autographed copy of this book and an opportunity to discuss the tools with the author for up to 1 hour as listed on Ebay.
It is more like a draft than a serious book.......2003-02-22
Books which teach trade-methodology never give you any real result. They will show you some successful examples but never tell you what is the real chance of their systems. So you can learn different kinds of trading systems from those books but you can not do any real comparison for them. I have bought the Sherry's book with the hope that I can learn some analysis for real results. I was dissapointed. It is not difficult to understand the math in the book if you have college degree. However, there is not sufficient discussion on connecting probability/statistic theory to financial market.
Product Description
299 pages. Reminiscences of a Stock Operator is adapted from a series of Saturday Evening Post articles written by Edwin Lefevre in the 1920s. The book narrates Livermores ascent from a "boy plunger" to the most influential speculator on Wall Street. While much of the book is devoted to Livermores experiences, a larger part of the book deals with trading wisdom and rules that Livermore imparts through Lefevre. Years later, many trading and investing books repeat the very same rules first enunciated by Livermore in Reminiscences, such as: go with the trend; no stock is too high to buy or too low to sell; let your winners run and cut your losses short; make your own decisions; and market history repeats itself. Interestingly, Livermore frequently violated his own rules and usually lost money as a result. The enduring appeal to the book rests in Livermores view that the market is made up of people and the excesses of the market reflect mass psychology and the mistakes of individuals are frequently the result of the inability to control fear and greed. Thus, the views and lessons of Livermore continue to be relevant to every new generation of investors and traders.
Generations of investors have benefited from this 1923 masterpiece. Jack Schwager's new introduction explains why this account of Jesse Livermore, one of the greatest speculators ever-continues to be the most widely read book by the trading community. "The best book I've read--I keep a supply for people who come to work for me." - Martin Zweig
Customer Reviews:
Brave Attempt In Organizing Technical Analysis Techniques.......2005-01-07
One person's view of how various technical analysis tools can be organized into a mechanical structure that enables a person to trade better no matter what the market condition is. Why should we listen? Because the author is a seasoned professional trader of his time.
Each chapter of the book focuses on one technical indicator or technical discipline. Many examples are provided to illustrate the concepts and how they are used in interpreting charts and making trade decisions. The rules explained in the book are pretty explicit so they are easy to understand. One of the most important feature of the book is not inside the chapters though, which are the 2 big tables printed inside the front cover and the back cover. They are the ground rules and the core framework Eng is trying to convey to the readers.
Although the book was written with a lot of information, it is pretty outdated in 2005. Most of the computer programs mentioned in the book no longer exist. Daytrading price patterns have changed a lot due to the impact of program trading. Many reference to calculations are incorrect which is common among books written in that period. Thus, the reader can only utilize the information in the book by cross verify the markets they are going to trade to see how the various trading rules can be fitted into their own plans.
As a whole, it is a good book that summarized what real pro traders do during the era it was written. Even if you find the information no longer applicable today, you will still find that it is a good read.
nice introduction to a few indicators.......1999-10-07
This book covers a few of the more popular indicators in some detail, and as such I think it's a helpful book. Some of the more encyclopedic volumes, like Marty Pring's, can be overwhelming. This is not a bad place to start learning about technical analysis, or to review some basics.
Badly Needs Updating.......1999-06-07
As and introduction to technical analysis techniques and their application, this book is satisfactory. Unfortunately, it was written pre-internet and pre-laser printer (mid/late 80's). The example charts are a bit ragged - they look like they were printed on an old dot matrix printer - and they aren't especially clear. And much of the book is dedicated to step-by-step proceedures for doing the calculations - not terribly useful information when all this analysis is now available for free via the internet.
Given the price, I would recommend more recent books by Martin Pring or the updated classic by John Murphy. The practice of technical analysis has changed dramatically since Eng authored his book.
Too many technical errors!.......1999-04-16
I read this book a couple years ago. On my first pass, I really enjoyed reading the book. The material seemed to be well presented. I'm a programmer and I needed a volume indicator for my charting application, and OBV was the way to go. I began writing the algorithms to add an OBV indicator to my application, and that's when I began noticing them. ERRORS. In the heart of the technical discussion of OBV, dozens of discrepancies and vague sentences that made it near impossible to generate accurate algorithms. It's a good thing I had other resources at my disposal. I contacted the author to get clarifications and I received a form letter. That was a lot of help. I was also sent a catalog, and encouraged to purchase high dollar training courses. Right! That book remains on my shelf, unused. There are many other sources, that are much more reliable, that don't require an author's intervention to clarify details! Personally, I wouldn't purchase another book by this author. At one time, he may have had a passion for trading and teaching, but it is no longer evident.
An illuminating, well-written, and indispensable book........1999-01-12
Having read about various types of technical analysis different places, this book finally wrapped it all together in a comprehensive, yet easy-to-comprehend kind of a way. The methods presented in the book are timeless, making the age of the book insignificant. I recommend every serious trader to purchase this one!
Product Description
Reap large market gains - consistently - when you master the unique market style of Oliver Velez, called "Guerrilla Trading". Practiced by the world's most successful short-term traders, this "hit and run" market move gets you in and out of trades quickly - at the right times - with profits in tow. 50 + pages of online material are available from sellers.
Even veteran market professionals admit that today's investment arena is more confusing than ever before. Market trends, if they develop at all, tend to be short-lived, and fundamental valuations are frequently invalid. So what can you do to succeed in such a chaotic financial environment?
Adopt a "guerrilla" style of trading. Forget long-term thinking. Abandon buy-and-hold strategies. Instead, hit the market with quick, profit-grabbing attacks. Relying on time-tested technical trading patterns for entry and exit cues, Oliver Velez shows how to raid the markets for consistent short-term profits using "guerilla" tactics that boast historic success rates of 80% or more - and now he shares these winning market moves with you.
Don't keep making the same old mistakes with the same old techniques. Join Oliver Velez today and learn ...
1) How to handle a market without a recognizable trend.
2) 13 best tactics in the guerrilla trader's arsenal.
3) 2 key strategy approaches: trading to build wealth or trading for income.
4) Special tactics for playing excess volatility - and for stable markets.
5) Micro trading, the elements of swing trading, candlestick charts, bullish and bearish chart patterns - and more!
Books:
- Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance)
- Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance)
- Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance)
- Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance)
- Technology Management: Developing and Implementing Effective Licensing Programs (Intellectual Property-General, Law, Accounting & Finance, Management, Licensing, Special Topics)
- The 22 Immutable Laws of Branding
- The Betrayal (The Fear Street Saga 1)
- The Bible of Options Strategies: The Definitive Guide for Practical Trading Strategies
- The Cult of the Luxury Brand: Inside Asia's Love Affair With Luxury
- The Elegant Solution: Toyota's Formula for Mastering Innovation
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Trading for Dummies
Futures & Options For Dummies (For Dummies (Business & Personal Finance))
The Investor's Guide to Technical Analysis
Investing Online for Dummies, 5th Edition
Getting Started in Currency Trading: Winning in Todays Hottest Marketplace (Getting Started In.....)
