All About Market Indicators

If you are looking for sure-fire get-rich schemes using market indicators you will be disappointed after thumbing this book. Be of good cheer however. There are “amazing systems” being “revealed” aplenty on Sacredtraders and across the Internet. When you find the one that, as they say, “works for you” (because of the perverse laws of probability and luck you just might), send us a cheeky snap from the near desserted beach on the Grand Caimans. If you are looking instead for statistical analysis on which indicators, patterns or approaches actually “work” and which don’t, you won’t find those here either. You might want to reference the various contributions of David Aronson, Thomas Bulkowski, Brent Penfold and Nick Radge, to name a few.

What you WILL find in “All About Market Indicators” is a nicely presented, worthy place to start. While my own few are not discussed, it’s a handy reference to the most popular ones. Wherever possible Sincere has gone to the originator of the indicator for THEIR takes on it (Appel on the MACD, Arms on his Index, Bollinger on his Bands, DeMark on marking reversals, Elder on his Force Index, Fisher of P/E ratios, O’Niel on counting price/volume distribution, Tharp on learning you own System Quality Number and so on). It is a great approach as often the creators have far less sensational views than later popularizes of what their indicators can and can not “do”.

Sincere uses these notables for more than plugs for their particular ways of filtering the market. Woven throughout the book is decent CAUTIONARY commentary on learning the art and business of trading. As he notes, “Indicatoritis” is now easy to catch. The over-board victim is left in more self-inflicted fog than when they started. Worse, such labels as “signal lines” “overbought” and “oversold” can lead to grief when used out of context as actionable triggers. After all indicators are but snapshots of some measure that is now in the past. If they firmly “foretold”, then when you arrive at that tropical beach you would find it already overcrowded beyond bearing. Despite our teeming billions they are not. Now that should be your best reality-check indicator of all. And why this book is a Sincere introduction to its topic.

The book is informative in a text-book, non-applicable, unreal-world way. Every time I came across what seemed to be a promising indicator, under “signals to look for” the author would always say, “These are not actionable trades,…” The author seems to ride the fence the entire book. Beware of people who only write books about trading as opposed to those written by actual traders.

great book for intro

Everyone who trades should learn the basics of Market Indicators. This little book stays beside me on my desk when I’m trading and use it frequently.

Written with profound clarity. Buy it.

This book is light on info. I’ve read all of the technical analysis books in this series and this was the weakest. Half of the book is instructions on how to google market indicators that sound like they were written in the 1980s: “Put this address in the search bar.” Then there’s a tiny bit of half-baked explanation as to what the indicator is good for. Save your money. You’d get more insight from a newsletter.

Lots of great information about market indicators to aid in reading the market.

The information is very straight forward and is placed under sub-headings which makes it very clear and easy to understand.
Instructions are very easy to follow.

This book and all the other books that Mike Sincere has written and all three books that I have read were wrote in very easy to understand language and without using those hundred dollar words.If you want to learn anything about investing his three books(understanding stocks,start day trading and understanding indicators)was without a doubt very easy to follow.I reccomend his books to everybody.

This little book does a good job of introducing the reader to a wide selection of indicators. I recommend it for those who are unfamiliar with indicators and need an overview of the different strategies that they use to indicate market movements. It isn’t a detailed “Bible” of indicators, and may not be adequate for experienced traders wanting to develop a deep understanding of how various indicators work.

My first book on technical analysis of stocks was “Technical Analysis from A-Z”. That was way, way over my head. I needed something a little easier to start out on and didn’t kill me with math. This book is it and I would absolutely recommend it to anyone who wants to learn about these valuable tools for investing short or long-term.

If you don’t know anything about indicators (or a still relatively new to the subject) and are investing, I would urge you to read the material in this book. There are valuable lessons that could prevent serious financial hardship (like the simple rules around moving averages, which you can use to get a feel for where the market is going).

It is a primer. It is not an exhaustive study, and the author never makes a claim that it is. It’s really a wonderful “appetizer” that shows you the different strategies. It also points you in the direction of where you should look next. He also does a nice little “back-test” to see which of the major strategies work. I found this useful in having a starting direction.

On a side note, I like Sincere’s style. It’s very easy to understand. I bought his book, “Understanding Stocks”, for my teenage son. I have read two of his other books, “Understanding Options” and “101 Investment Lessons”. “Understanding Options” I found to be a great starting overview of this complicated field; “101 Investment Lessons” was useful and should be read, but was a bit dated (it was written in the late 90s), and needs to be read with an open mind.

But this book — Understanding Market Indicators — I really believe is an absolute must-read if you are investing and are not familiar with technical analysis. It could save you a LOT of pain.