Rating: 
- The first to do "Evidence based technical analysis"
This guy will teach you that a symmetrical triangle has three prognosis:
1. up;
2. down;
3. maintain in congestion.
Even though it is a very nice pattern and is headed to a rise. Which means: do your homework, pick the stock, but protect yourself and expect for everything...
Rating:
- From the Stock Traders Headquarters library
This book covers most trading patterns and explains the statistical chances of each pattern being successful. Includes a scoring system for each pattern. Whether you believe in the probabilities in the book as they relate to each pattern is not important. The patterns themselves are the heart of the book in my opinion.
David Colletti
Founder
[...]
Rating:
- Poorly written, Useless information
I found this book to be an irritation to read. The author maybe a successful investor but does not demonstrate rudimentary knowledge of data analysis, summation or writing skills. Nor does the author value the readers time or intelligence. For example you are left to guess what the standard deviation of the data is. The author claims that he has tested the significance of his work and yet doesn't bother to provide the user with sufficient information to draw the same conclusions.
The logic flow (if there is any) is poor at best. Further the reader is left to summarize his scribblings into something coherent and useful. He has some capricious point system that may or may not work. I simply don't have enough confidence in his logic or desire to invest my time on it. The volume of the book could be significantly reduced in size without loss of content perhaps by 50% or more.
The author had done a much better job on his"Encyclopedia". This in my opinion is an attempt to cash in on the laudable qualities of that book. Don't waste your time or money on this one.
Rating: - Technical Analysis as a Statistical Science or Art
I read several TA books trying to explain the market partipicants' thoughts while investing in financial markets by looking at price patterns. Yet these approches seem somewhat fictious and boring to me all the time. I guess the best is to leave this subject to statistical analysis of chart patterns as in this book. This is the best book in TA if you agree with this viewpoint
Rating: - Excellent, substantive book
I highly recommend this book to people interested in chart pattern analysis. It is not an "easy read" - it requires concentration and time. The level of detail and complexity, however, is what makes the book so useful.
So many trading books put forth simple rules to trade and offer no evidence that their rules work. Anyone who's tried trading knows it is anything but simple - if it were, everyone could become a millionaire in their spare time after reading a couple of books or buying some infomercial product. This doesn't happen. What does happen is that the individual trader has to compete with people who have enormous 1) experience, 2) money, and 3) analytical resources - think big investment banks, hedge funds, and mutual funds. To even think of competing, you've got to learn as much as possible about the complexity of the market. It isn't simple, learn it in a weekend stuff - people spend years and millions of dollars trying to figure it out.
So, in the quest to figure it out, this book is one good tool. It offers statistically backed information on which chart patterns work most often, under which conditions. It doesn't include every chart pattern (someone suggested his other book is more inclusive - I haven't read it yet). It is complicated and really not an introduction to technical analysis (there are a lot of good books for that). But assuming you know the basics, and you want to go a little deeper, it's a great book. Where else can you get this kind of tested information? Otherwise, you have to figure it out yourself - through experience (probably costly and not as thorough) or backtesting (certainly time consuming and not as thorough). I'd rather read the book.
- The first to do "Evidence based technical analysis"This guy will teach you that a symmetrical triangle has three prognosis:
1. up;
2. down;
3. maintain in congestion.
Even though it is a very nice pattern and is headed to a rise. Which means: do your homework, pick the stock, but protect yourself and expect for everything...
Rating:
- From the Stock Traders Headquarters libraryThis book covers most trading patterns and explains the statistical chances of each pattern being successful. Includes a scoring system for each pattern. Whether you believe in the probabilities in the book as they relate to each pattern is not important. The patterns themselves are the heart of the book in my opinion.
David Colletti
Founder
[...]
Rating:
- Poorly written, Useless informationI found this book to be an irritation to read. The author maybe a successful investor but does not demonstrate rudimentary knowledge of data analysis, summation or writing skills. Nor does the author value the readers time or intelligence. For example you are left to guess what the standard deviation of the data is. The author claims that he has tested the significance of his work and yet doesn't bother to provide the user with sufficient information to draw the same conclusions.
The logic flow (if there is any) is poor at best. Further the reader is left to summarize his scribblings into something coherent and useful. He has some capricious point system that may or may not work. I simply don't have enough confidence in his logic or desire to invest my time on it. The volume of the book could be significantly reduced in size without loss of content perhaps by 50% or more.
The author had done a much better job on his"Encyclopedia". This in my opinion is an attempt to cash in on the laudable qualities of that book. Don't waste your time or money on this one.
Rating:
- Technical Analysis as a Statistical Science or ArtI read several TA books trying to explain the market partipicants' thoughts while investing in financial markets by looking at price patterns. Yet these approches seem somewhat fictious and boring to me all the time. I guess the best is to leave this subject to statistical analysis of chart patterns as in this book. This is the best book in TA if you agree with this viewpoint
Rating:
- Excellent, substantive bookI highly recommend this book to people interested in chart pattern analysis. It is not an "easy read" - it requires concentration and time. The level of detail and complexity, however, is what makes the book so useful.
So many trading books put forth simple rules to trade and offer no evidence that their rules work. Anyone who's tried trading knows it is anything but simple - if it were, everyone could become a millionaire in their spare time after reading a couple of books or buying some infomercial product. This doesn't happen. What does happen is that the individual trader has to compete with people who have enormous 1) experience, 2) money, and 3) analytical resources - think big investment banks, hedge funds, and mutual funds. To even think of competing, you've got to learn as much as possible about the complexity of the market. It isn't simple, learn it in a weekend stuff - people spend years and millions of dollars trying to figure it out.
So, in the quest to figure it out, this book is one good tool. It offers statistically backed information on which chart patterns work most often, under which conditions. It doesn't include every chart pattern (someone suggested his other book is more inclusive - I haven't read it yet). It is complicated and really not an introduction to technical analysis (there are a lot of good books for that). But assuming you know the basics, and you want to go a little deeper, it's a great book. Where else can you get this kind of tested information? Otherwise, you have to figure it out yourself - through experience (probably costly and not as thorough) or backtesting (certainly time consuming and not as thorough). I'd rather read the book.