12 Simple Technical Indicators: That Really Work
$25.98
The purpose of 12 Simple Technical Indicators is to help you understand the power of technical indicators and the right parameters. There are over 200 different types of technical indicators out there, and he shows you a list of the ones that are most commonly used. As you read, Larson asks that you keep this important point in mind.
Introduct
Basically, a parameter is a number. Think of the number in terms of your mother’s prized cake recipe. When she bakes that cake, what would happen if she leaves out one of the key ingredients, like the flour? Or if the recipe calls for half a cup of flour and she adds only a quarter-cup? It would make a big difference. What Larson describes to you here are the technical indicators that he’s found work well and consistently—regardless of whether the market is bullish or bearish—as long as you slightly modify the parameters.
Although Larson admits to being far from the best investor in the stock market, he’s been very successful at making money for a living for the past several years. And he attributes this success to a single factor: his focus on technical indicators and the right parameters. As a two time best selling author and writer of a weekly commentary www.incometrader.com, he has a simple process for helping others become successful. Read on to discover how he can help you too.
Inside this coursebook, you will learn how to:
- Leverage parameters to make your indicators profitable in both bear and bull markets;
- Combine the most powerful indicators on one chart to create a winning trading system;
- Optimize your entries and exits with specific indicators;
- Use ATR for setting stop losses;
- Utilize stock scans for a competitive edge.
Contents:
- Technical Indicators 101
- Moving Averages
- Balance of Power
- Moving Average Convergence/Divergence (MACD)
- Price Rate of Change
- Time-Segmented Volume
- Relative Strength Index and Time-Segmented Volume
- Inertia
- Average True Range (ATR)
- Stock Scans with Six Important Indicators
- Three Investment Strategies That Work in Any Market
12 Simple Technical Indicators: That Really Work By Mark Larson pdf
| Author(s) | |
|---|---|
| Format | |
| Pages | 136 |
| Publication Year | 2007 |
9 reviews for 12 Simple Technical Indicators: That Really Work
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Allison Rasmussen (verified owner) –
that’s a pretty good book, but not for 25$, i paid just 10$ for that ant it was worth it
Kieran Richardson (verified owner) –
This was basically a book of definitions with few examples or applications. I thought that “Short-term Trading in the new stock market by Toni Turner was a superior book covering the same subjects.
Franco Daugherty (verified owner) –
The title of the book and the information on the covers make your mouth water over the prospect of truly learning something of value. WRONG, WRONG, WRONG!!! There was little of value in this insult to my intelligence. For example, 3 of the indicators are part of Worden’s TC-2000; they are proprietary and were useless unless you have TC-2000. Even so, the values to be input to the indicators were not discussed. He devoted a whole chapter (4 pages) to “…one of my ultimate favorite indicators”, Inertia. There is no clue as to what Inertia is. It is not listed in the indicator list of TC-2000. He says “…it is used to measure the momentum of a stock based upon its volatility”. Another indicator discussed is the Relative Strength Indicator-Time Segmented Volume (RSI-TSV) indicator. Again 4 pages in the chapter. There are no clues as how to construct this indicator and TSV is a TC-2000 proprietary indicator. In Chapter 10, “Stock Scans with Six Important Indicators”, the author points out that Bullish and Bearish scans are good. He gives 2 examples of stocks that really took off after finding them with his undisclosed scans. No further information is given on the scans except to say that, “In the bullish and bearish scans that I have covered in this chapter, I had at least six different technical ingredients–certain things that were happening to the stock within certain times frames. You may eventually develop your own ingredients that work better for you, after studying a particular stock long enough and finding the parameters that are making a difference.” In other words, do it yourself. This was another 5 page chapter with no useful information. One of his last chapters (2 pages) is titled, “Three Investment Strategies That Work in Any Market”. They are: “Buy a stock when that stock is going up.” “Short a stock when that stock is going down.” “If you are trading an option, either buy the call or buy the put.” Boy, What wisdom! This book is totally useless. I wish that I could give it a negative star rating.
Garrett Coffey (verified owner) –
I bet it took less than 4 hours to write this book. In the MACD chapter he says, “As I mentioned earlier, parameters make the biggest difference. You can adjust any one of the parameters to be zero or 100 — the key is to insert the right number.” Then, rather than explaining how to think about the parameters in a way that will allow you to choose “the right number”, he proceeds to explain a picture that you can easily understand just by looking at it. He also writes about non standard indicators that he created that aren’t available on all trading platforms. YouTube has much better information.
Raylan Shepard (verified owner) –
The Title clarifies this isn’t a Textbook, yet Mark shows 12 simple technical Indicators “that really do work”, superlatively. If you need an education on technical analysis, you have a few months of learning to go till you appreciate this book and his backtesting insights. Mark is a master teacher, I’ve read his book and watched the video, and he helped me understand “tweaking indicators and oscilators”.
The best contribution Mark made was how he set-up his analysis platform. His system is fast, efficient, inexpensive and I think admirable!
Ahmed Boyer (verified owner) –
Technicals explained in good detail.
Will Stokes (verified owner) –
ery shallow book, not a single explination as to what are those technical indicators, not a single descriptive paragraph telling you what they are, the impact of each one, and how to implement them in your trading.
this is not a book, it should be called or used as a pamphlet, it looks like a book but its not.
Hardly you can find 99 pages in this book, the author referes to names like he has consulted Dr. Maichael from Canada, whose Dr. Maichael??? and why i should take his openion?
Proprietry indicators was mentioned you can not find them in neither metastock or TS unless you use TC2 charts.
I was not satisfied with this book at all
Magdalena Bauer (verified owner) –
Mark’s vast insight about the market, what make it tick’s and how to take advantage of any trend, i.e. bull, bear or sideways, makes this book a necessity for any investor. Mark takes his experience and chunks down the essentials for technical investing. He goes over the critical technicals like crossing moving averages and applies a few less known indicators to develop a system, which if followed, will give the investor a definite advantage in today’s market.
Paola Richard (verified owner) –
I wouldn’t go so far as to call the book fraudulent as he does provide some useful techniques to help a trader see what’s going on, and his method of simplifying how to use a limited number of indicators is good advice. However, he talks so much about ‘parameters’ being the end all, which is mostly true, yet he offers only a few that he uses. If you watch the video that comes with the book, you will be told that you must buy one of his courses to get the particular parameters he uses. (Also, in his discussion of Worden’s TSV indicator, he references it’s 50% line when in fact it uses a 0 line as its critical demarcation.) He also talks a great deal about scans and how parameters are essential (doh!!), but doesn’t care to show any examples of scans. Maybe this is a good thing for it forces the trader to be constantly in touch with how the market is behaving as a particular parameter that works today might not work tomorrow.