Books : Technical Analysis Explained: The Successful Investor's Guide to Spotting Investment Trends and Turning Points
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- ExcllentA brief but very comprehensive book on technical analysis. One of the best books I have read on the subject. Easy to read English.
Rating:
- good TA contents but mainly for long term investorsThe authors did a good job to explain TA clearly to the readers. In term of depth and clarity, it is as good as John Murphy's classic. The interest rate is Pring's strong area. He took an economist views to use TA. This was not a bad thing. But most of the charts he used were weekly charts. The signals to noise ratio was very high. Every inicator could give very clear and good signals. But when you use the daily charts, it simply couldn't happen. You can use weekly charts to make decisions ONLY if you are a lone term investor. This book is certainly not for day traders.
Rating:
- Look elsewhereNot sure where some of the reviewers' heads are, but for candlestick charting, this book has beginners patterns in it. For more in depth coverage, Steve Nison's books are best.
As far as the KST system goes, there are better.
This is a basic book at best in my opinion, and after the initial few chapters on charting basics, it continues into verbiage that to me isn't accepted consistently by seasoned traders or analysts.
My recommendation is John Murphy's book "Technical Analysis of the Financial Markets".
Rating:
- An essential book for your TA libraryWhat I particularly liked about this book was its practical application of using the many facets of TA to come up with a view on the market overall and then identify attractive sectors within it. Pring is quite momentum/rate of change oriented but his "Know Sure Thing" indicator is worth trying if you haven't already. Tying in other macro indicators such as interest rates into your investment decision is also very informative and helpful.
Rating:
- Beyond CandlesticksThis book is truly amazing, I have recently finished reading it and I am considering to buy his first book too. He explains each and every chart very thoroughly, although I think it would be better for someone to read his first book first, because some he has some references of a few patterns from his first book. For anyone who wants to learn about japanese technical analysis techniques, this book is a MUST.
