Books : Chart Your Way To Profits: The Online Trader's Guide to Technical Analysis (Wiley Trading)
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- Great Technial Book - Lots of Prophet Charts SpecificsTim Knight does a great job talking about how technical analysis works and what some of the simple to use indicators are. The book does however spend quite a bit of time discussing the specifics of his Prophet Charts software (note, Tim doesn't own prophet anymore).
If you skip the chapters on the software, you'll likely find that this is a great little technical reference. It is an easy read, and very usable on a day-to-day basis. I've profited nicely using some of the basics Tim reviews in the book.
Rating:
- No Bull from this BearTim is straight forward and direct, so is his book. His examples and clear and realistic (as opposed to unrealistic perfection). You then have the opportunity to follow his blog and see new examples just about every day.
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- Great IntroductionContext (About me):
A little about me for context. I am actually not a trader, nothing interests me less then babysitting trades all day, sounds very tedious. That said, I am a software engineer at a company that provides training to investors, and the mechanics of trades, and the breakdown of the elements of a pattern or trend line do interest me greatly. Sounds like a contradiction, but its really not.
That said,
The Review:
The first part of this book was very engaging, and gave me a phenomenal baseline of information. Thanks to this book I have a much better appreciation for the information provided by charts, and can better anticipate the needs of my company's customers. I wont review the second half of the book, as this was a very detailed manual for the Prophet Charts application from Investools, and I found that to be intuitive enough that I did not need the manual. I am sure it was helpful for non tech savvy individuals, but I did not get through the section myself.
I will finish by saying that I am very ready to write a 5 star review and am anxiously awaiting the opportunity to do so.
All it will take to get this is a full volume from Mr. Knight (if that is in-fact his real name) on charting, sans the Prophet Charts manual.
Rating:
- Great BookGreat book and very informative. Lots of wonderful charting suggestions and would highly recommend. For the guy getting to know charting, like myself, this is a must read.
Rating:
- Trading using technical analysis This book is a must read for anyone trading in the market, regardless of whether you are a short term trader or longer term investor. Tim Knight's knowledge and expertise in the area of charting is outstanding. I have used his chapter on "Fibonacci Friendly" patterns very successfully since reading his book in 2007. I am an Investools and ThinkorSwim client who truly respects the authors expertise with technical analysis. His book "Charting Your Way To Prophets" has helped me become a better trader and investor. I regularly (daily) visit his blog at slopeofhope.com to stay current with his Prophet chart updates and his current technical reading of the markets and tradeable trends.
