- Excellent book, but not perfectThis is an excellent book for beginners and intermediate traders. It explains TA in a deep but simple way. The real value of this book (for me) is that it explains what is happening, who is buying and who is selling during chart patterns. It also explains how to trade each pattern.
After reading this book i feel much more calm and confident about what is actually happening on the markets. I can now have my own ideas of market movements, despite news, newsletters and other bloated sources of information. This book will serve as a reference for years to come.
The section on chart patterns is deep and complete. It contains all needed informations, but keeping a focus on price action.
The section on indicators covers (well) the most common ones. I would have liked more indicators.
Rating:
- A TA good book but not amazingThis is a solid book but it is not a 5 star book. Probably closer to 3 1/2 to 4 stars. Lots of stuff about pennants, flags, support lines, etc. The author does walk you through using the indicators which is very helpful. A lot of TA books describe and indicators and fail to tell you what to do with it. The sections on RSI and stochastics are also good.
I have been using some of the ideas with powerinvestor.com's software and been very pleased. Their web site uses simple to use sector models that have returned 30% a year since 1996.
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Rating:
- A fresh new book on technical analysis.Bruce Kamich has written one of the best books on technical analysis that I've seen in a long time. Unlike most introductory books, it neither over simplifies, nor does it make it seem as if you need a PhD to learn how to use technical analysis. The book explains how and why technical patterns and indicators work in an entertaining way. On top of that, the examples of patterns in the book are not "text book". You actually get to see what these things might look like in the real world instead of the perfect picture you see in most books. This is invaluable. On top of that, the book is a bargain!
Rating:
- Solid Advice for Chartsists, Technicians of All LevelsBarron's named this book one of the best of the year - and for good reason. "How TA Works" is a friendly and easy-to-read (but not *too* simple) guide to charting and technical analysis. Instead of focusing on a single methodology, this book provides an arsenel of tools and explains how they're used for market timing, stock selection, and risk management.
Many of the studies and tools used in the book can be used for free or little $ at TA sites like Prophet ..., the source for charts in the book. It's definitely a good idea to learn from this book while trying it out with the online charts at the same time. That way, you can see how different studies, for example, work on different stocks.
Also, comparing the price to other books in this genre, "How TA Works" is a very good value. Highly recommended, the market not withstanding...
Rating:
- How Technical Analysis WorksAs a student of markets and an industry employee, I've read numerous books. After reading Mr. Kamich's book, it's clear that he's put in a tremendous amount of effort and has leaned heavily upon his extensive experience. As a subscriber to a popular quote/news vendor that he works for, I know that he has successfully transalated some of his real life experiences into this book. A distinguishing feature of this book is the idea that the reader should think alongside the various examples. This is extremely helpful. Too many books give you the gospel - easy to chew through, but not helpful in real life. Trading is very much an individual pursuit, so having the reader think and react, not told, is quite refreshing. This is probably not a book for newbie's, but for everyone else, you'll be pleased. Let's hope a cequel is in the offing!
