Technical Analysis and Chart Interpretations: A Comprehensive Guide to Understanding Established Trading Tactics for Ultimate Profit
$20.59
| Author(s) | |
|---|---|
| Pages |
383 |
| Format |
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| Published Date |
2016 |
Technical Analysis and Chart Interpretations delivers simple explanations and easy-to-understand techniques that demystify the technical analysis process. In his usual straightforward style, bestselling author Ed Ponsi guides you through the twists and turns to show you what really matters when it comes to making money.
Introduction:
Technical analysis had taken the emotion out of my trading. It helped me to avoid being drawn into a subjective narrative. The reality of the price trumped the inner voice that whispers, ‘‘It’s a good stock, don’t sell it yet, it’ll come back.’’ Once I understood that reality, it was impossible to ignore.
The game of trading is constantly changing. The recent advent of high-frequency trading has closed certain loopholes that a clever individual trader could use to his or her advantage. However, as one door closes, another one opens. There are always ways to win at this game, and if you want to win badly enough, you will find them.
This book is designed to give you an advantage. If you can read a chart, you’ll know when to get into a trade; even more important, you’ll know when it’s time to get out. Charts provide a visual history of the price and reveal the strengths and weaknesses of the market participants. Understanding those strengths and weaknesses helps us to anticipate future turning points.
Maybe the best thing about technical analysis is this: It forces us to confront the realities of the market. Technical analysis allows us to deal with what is actually happening instead of what we believe should be happening. Belief can be a dangerous thing in trading—specifically, the belief that we know what should or will happen in any given situation. It’s better to see things as they really are than as we wish to see them, and technical analysis allows us to do just that.
Contents:
- THE FOUNDATION OF TECHNICAL ANALYSIS
- KEY CONCEPTS OF TECHNICAL ANALYSIS
- PRICE PATTERNS
- CANDLESTICK PATTERNS
- FIBONACCI
- TECHNICAL INDICATORS
- OSCILLATORS
- ATR, ADX, AND PSAR
- POINT AND FIGURE CHARTING
- ODDS AND ENDS
- BEHAVIORAL ASPECTS OF TECHNICAL ANALYSIS
Technical Analysis and Chart Interpretations: A Comprehensive Guide to Understanding Established Trading Tactics for Ultimate Profit By Ed Ponsi pdf
5 reviews for Technical Analysis and Chart Interpretations: A Comprehensive Guide to Understanding Established Trading Tactics for Ultimate Profit
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Emmie Pitts (verified owner) –
A must read for investors! Ed Ponsi convinced many CNBC viewers that profits are found in the trends, not the fundamentals. This book will convert many more.
Arturo Miranda (verified owner) –
If you’re a technical trader, then you need to read this book and compare it to the Edwards and Magee book Technical Analysis of Stock Trends. Where Edwards and Magee tell you what to look for, Ponsi tells you “why”, and that’s a huge difference.
Rylan Rocha (verified owner) –
Covers technical analysis in a simple language to understand, and provides “nuggets” of wisdom from years of trading experience and cautions not to fall in to over analysis of any trade . Ed also covers major psychological tendencies of markets and traders. I highly recommend this book for those who wants to be successful traders.
Dominik Stephenson (verified owner) –
A lot of old information in this book. But it does have some good breakdowns of the most common indicators abd oscillators. I was expecting something new, as per the blurb, so was dissapointed. I have Ponsis other 2 books, which are great. This one felt more like a back to basics book.
Reign Booker (verified owner) –
As all Ed’s other books and dvd’s this book is at the top of my list. I must say it is the first time I truly understand my charts better. Ed has a way of explaining something so complex as markets in such a way that a ordinary woman as myself can understand it. When I open the book the poetry at the start kept my attention till the last word at page 362. Everything one needs to learn in the markets is in this book. Thank you.