Moving Averages Simplified
$15.66
| Author(s) | |
|---|---|
| Format |
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| Pages |
136 |
| Published Date |
2001 |
In Moving Averages Simplified, You will find throughout this work a number of “real-market” charts, supplied by BigCharts.com, which will greatly add to your understanding and comprehension of the principles this book aims to teach. Nothing but experience can ultimately assure consistent success in the markets, but the studies and examples included in this book will further your understanding of how moving averages, once properly implemented, will greatly enhance your trading success.
Introduction:
Moving averages have long been used by investors and traders as an aid to analyzing price trends. Moving averages have the attribute of being able to smooth price fluctuations, making it easier to follow underlying trends with the naked eye. Used in conjunction with other technical indicators, or even with other averages, moving averages provide a reliable tool for beating the market a fair percentage of the time—once you know how to use them properly.
A growing number of traders are becoming aware of the tremendous profit potential that comes with integrating moving averages with a favored trading system. Books have already been written to teach the profitable application of moving averages in trading the markets, yet most fall short of this goal. One reason for this failing is that a basic working knowledge of moving averages is already common among countless thousands of traders. As any good trader knows, once a particular trading system becomes the common knowledge of the vast multitudes, it tends to lose its utility and reliability. Few books on moving averages have gone beyond the ple beian in their attempts to explain how moving averages can be used to a trader’s advantage.
Another problem with books that have addressed this subject is that they frequently err on the side of complexity. Experienced traders are aware that the more complex a given trading system is, the less often it provides useful trading signals. In the marketplace, as in most of life itself, simplicity is the essence of success. It is our philosophy, based on many years of study and real-time experience, that the more simple a trading method is, the more likely it will prove beneficial to the trader, and we have kept this principle in mind in producing this book.
One little known and widely overlooked aspect of moving averages is that they work best when used in conjunction with cycle analysis. The trader must have at least a basic understanding of market cycles in order to consistently use moving average analysis to his or her advantage. So crucial is cycle theory to the profitable employment of moving averages to any form of trading, that we felt compelled to include two chapters in this book dedicated to cycle analysis when used in conjunction with moving averages. Chapter 6, alone, should be worth the price of this book for the serious trader.
It is not within the scope of this book to focus exclusively on moving averages with reference to market cycles; nevertheless, a broad understanding of this application is necessary and should always be borne in mind when conducting moving average analysis. After all, moving averages are, essentially, smoothed out pricelines, which highl ight the major trends and cycles that govern the underlying security. Aside from the cyclical element of moving average analysis, we also examine the more traditional forms of moving averages when used in conjunction with price, volume, and various technical indicators.
Contents:
- The Essence of Moving Averages: What Every Successful Trader Should Know
- The Benefits of Using Moving Averages: Spotting Trend Changes and Trading Signals
- Trading With Single Moving Averages: A Simple Strategy That Works
- Trading With Two Moving Averages: What They Are and How to Use Them for High Impact Results
- Using Moving Averages to Identify Price Cycles: An Important Tool to Discover Profitable Entry Points
- Principle of Threeness and Fourness: How Price Cycle Repetition Creates Opportunities for Traders
- Using Moving Averages to Identify Support and Resistance Levels: A Key Tool to Capture Tops and Bottoms
Moving Averages Simplified By Clif Droke pdf
17 reviews for Moving Averages Simplified
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Aubrie Summers (verified owner) –
Excellent
Murphy Choi (verified owner) –
Book in good condition, simple and clear .
Adriana Williamson (verified owner) –
one of the most powerful indicators is moving averages..
buy this book
revolutionised my tradeing most books are the same old rubbish this is not its essential tradeing education
Keith May (verified owner) –
Basis informations about moving averages
Natasha Walsh (verified owner) –
Enjoyed the book. Was able to pick up a few good pieces of information. Great for the beginner trader looking to establish their own system
Aitana Calhoun (verified owner) –
Great book and wonderful contents!
Makenna Short (verified owner) –
I’m new to investing/trading and attracted to less esoteric metrics such as moving averages. I though, wow, a whole book devoted to moving averages, this should be great. To my disappointment, this book is really trivial. You won’t find any deeper insight here than you’ll find in a few pages of a general book on technical indicators. Save your money and put it towards one of the more comprehensive books from Murhpy or others.
Bodhi Leal (verified owner) –
For me, the book reminded me of the importance of paying attention to moving averages and changing from the standard 50 dma to others both shorter and longer. Also, the descriptions of price dips below a moving average that just started upwards is worth viewing. Like the prior poster said, he is new to this.
Khari Roberson (verified owner) –
I agree with the author on the importance of moving averages being included in some way in every trading system, but the book does not present a clear use of moving averages. The problem may be that the author assumes the reader will understand the point he is trying to make with out much elaboration or that the fuzzy charts in the book will speak for themselves. Unfortunetly for me they did not. I received very little value for this book’s steep price. You would do much better buying any of Dr. Alexander Elder’s books or Stan Weinstein’s book. This book is like a Cliff’s notes on using moving averages, being little more than a compilation of notes from other books. By all means use moving averages to buy on pullbacks, but unless this is your very first book on stock trading I doubt you wll find very much value here.
Catherine Pierce (verified owner) –
thank u guys. helpful book
Hezekiah Horton (verified owner) –
It gives a clear explanation linking the concept of cycles in a scrip / market and moving averages.
Which I have not read in any other book earlier.
The strategies to benefit from using moving averages in your trading plan are helpful
Mariam Glass (verified owner) –
excellent book-can take info in this book and really learn to trade well
Emerson Cross (verified owner) –
The Book is very simplistic. There are some interesting thoughts and comments. Almost half of the book is composed of comments on Cycles and the Glossary and Appendix and Advertisements. Unfortunately there are not many, if any, great books on using Moving Averages and how to Trade with them. The Best book on Trading with Moving Averages that I have found is quite old and maybe outdated in many ways is The Art of Low Risk Investing. Remember that moving averages are a lagging indicator but some of the Great Trend Traders of All Time use them to accumulate fortunes. The best thing to do is to look at Daily and Weekly Charts of Securities you are interested in and plug in various moving averages until you find some that speak to you. I have revisited the book after my first harsh review. I am more favorably inclined here months later after a reread. The one thing I like about the book is that it reminds me of the old saying “Trading is simple but it ain’t easy.” If you use Moving Averages, which you should, use them with some other somewhat reliable indicator or indicators because they lag badly.
Allan Williamson (verified owner) –
All but one book of over 20 which I have ordered in sacred traders. I love the user ratings which help me know whether a book will be of use to me.
Nicolas Lin (verified owner) –
Definitely teaches u what u need to know to get going…
Sasha Whitaker (verified owner) –
The book could of been written in 30 pages. There is a lot of good material here BUT a lot of repetitive graphs and images and examples of the same things.
Christian Woodard (verified owner) –
Like so many who retired with an IRA, I too spent the last year seriously learning stock investing. When I first started, a friend loaned me his “Moving Averages Simplified”. I started reading then thought, this is to shallow and put it aside.
Now after 12 months and a min of 40 hours per week, reading, taking classes (note: Schwab has the BEST training videos), and learning technical analysis, I realized I made stock investing more complex and difficult then I needed to for a trend trader.
For a trend trader the best indicator for the market is using the S&P500’s 50 and 200 moving average. It’s that simple! Buy when the 50 crosses over the 200, and Sell when the 50 drops below the 200. And that is what this book is all about. In a very simplified way, this book explains the moving averages which may be the most important market indicator.
When I first tried reading the book, I didn’t really have an open mind. I thought trading had to be complex. Recently when I reread this book, it all made sense. I have even reread it once again, to be sure I capture everything. Be sure to read the small side comments, they have very important learning tips! The book looks shallow, but it’s not!
I have since dropped my subscription to some of the $$ charting services and now use Yahoo Finance and MSN Money for all my charting needs.
If looking for a book on moving averages, this is a VERY good training book. Good Luck trading.
Note: check out the S&P 500 chart for Dec 10-28 2007. The 50 dropped below the 200. Shorting the S&P with ETF short SDS made a lot of money.