Technical Analysis: Power Tools for Active Investors
$16.45
| Author(s) | |
|---|---|
| Format |
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| Pages |
260 |
| Publication Year |
2005 |
The structure of Technical Analysis: Power Tools for Active Investors has been designed to provide information and investment tools, some of which can be put to work immediately, by both sophisticated and relatively unsophisticated stock market investors.
This book, Technical Analysis, is meant for every investor who has been hurt trusting his brokerage firm, trusting his friendly mutual fund manager, or trusting the latest hot guru. It is meant for every investor who has ever wished for the skills required to deal with an increasingly volatile and uncertain stock market. It is meant for every investor willing to take responsibility for the outcome of his own investments. It is meant for every investor ready to take at least some of the time and to put forth at least some of the effort required for the quest.
Contents:
- The No-Frills Investment Strategy
- Two Quick-and-Dirty Stock Market Mood Indicators
- Moving Averages and Rates of Change: Tracking Trend and Momentum
- More Than Just Pretty Pictures: Power Tool Chart Patterns
- Political, Seasonal, and Time Cycles: Riding the Tides of Market Wave Movements
- Bottom Fishing, Top Spotting, Staying the Course: Power Tools That Combine Momentum Oscillators with Market Breadth Measurements for Improved Market Timing
- Volume Extremes, Volatility, and VIX: Recognizing Climactic Levels and Buying Opportunities at Market Low Points
- Advanced Moving Average Convergence-Divergence (MACD): The Ultimate Market Timing Indicator?
- Moving Average Trading Channels: Using Yesterday’s Action to Call Tomorrow’s Turns
- Putting It All Together: Organizing Your Market Strategies
Technical Analysis: Power Tools for Active Investors By Gerald Appel pdf
24 reviews for Technical Analysis: Power Tools for Active Investors
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Matthew Yu (verified owner) –
The value is in the detailed explanation of the MACD oscillator. I didn’t use this as a significant buy/sell indicator but, after reading Mr Appel’s fully descriptive chapter, I have included it in my general assessment. Otherwise, the book covers adequately the ground found in many books on technical analysis and is one to have in the reference pot.
Aliya Robinson (verified owner) –
This book covers relative strength indicators, chart patterns, Moving averages, rate of change, seasonal investing ….and more, including MACD. The discussion on MACD alone is worth the price of the book in my view. It is much much more than a discussion of crosses above and below the signal line. Get advice from the guy who invented it! It also covers trading channels and ends with a chapter on Putting it all together, or how to organise your market strategies. Its very good stuff, from a market professional, and I highly recommend it. The chart illustrations are very clear and easy to follow, unlike many trading books today, which can often be sloppy, ill defined, and hard to read. I pull this off the shelf again and again for frequent refreshers.
Navy Boyle (verified owner) –
bought this book beacause of macd – ok but nothing more. the rest of the book is more or less useless. For me it sees that he wrote this book because of what he had to say about macd. absoluttly wate of money and time. do you want the best go to a. elder. he is the best.
Ayden Davidson (verified owner) –
Very good book. Easy to follow.
Joelle Vargas (verified owner) –
An excellent book on the creator of the MACD indicator. The MACD is one of the main tools that I use now. A big chunk of pages I would say is just stuffing to fill the book, however the entire section on the MACD is worth every penny and most importantly this tool works. I would have liked to have seen a few case studies and examples on stocks as opposed to indexes, but I’ve made my own live examples and tested it out myself. I highly recommend this book for serious traders that want to make consistent green trades. I’ve given 5 stars because since using the MACD I’ve made green trade after green trade after green trade. I confess that I do use 3 other important tools, but combined together I’ve created my own strategised money making machine. Thanks a million Gerald Appel 🙂
Jake Kaur (verified owner) –
Yes, yet another poorly backtested TA book. How is that people expect ad hoc or at best linear indicators to predict the markets? This guy invented macd (just a glorified smoothed out version of the second derivative of price, nothing more than that) and the book has a chapter on it – nothing deep, usual TA level nonsense.
Sariyah Michael (verified owner) –
If you consider yourself as a serious global macro type of stock market trader, this book is an absolute must along with Stock Traders Almanac by Yale Hirsch. This book is complete compilation of 30+ year market veteran who has many tips and tricks to help your trading.
Matilda Griffin (verified owner) –
Gerald uses an easy to read and casual writing style with meaningful insight into technical analysis.
He builds your confidence as you work through the book and eventually you become empowered enough to work effectively within the USA equity markets.
This book has helped me create my trading system that is producing a successful trading account currently and will allow me to make necessary trading system changes into the future.
The years of work outlined in this book along with substantial backtesting create real power tools for investors now and into the future.
Blaise Vincent (verified owner) –
Like some of the other commentors, I bought this book because I love the MACD as a technical tool and I really looked forward to reading a book from the inventor. The part on the MACD indicator and how the use it is really great, there is stuff in there I have not encountered yet in other books that described the MACD indicator, like using one MACD for entries and a slower one for exits (in a bull market).
The rest of the book was ok, some new material but nothing really interesting (at least in my opinion). Most of the stuff I had already seen in other books.
The book was also well written, not boring at all, and overall very clearly.
Odin Rosas (verified owner) –
If longevity is a key to greatness, Gerald Appel has achieved it. When I got into the business in the mid-seventies, he was an admired technical analyst. His publication, Systems and Forecast, was required reading. The inventor of MACD, he has lived to see his technique used by virtually every serious investor and trader; it is included in most trading programs.
With Technical Analysis, this accomplished technician and money manager, offers a complete course in forecasting future market behaving using cyclical, trend, momentum and volume signals.
His techniques are suitable for investors of all suits – be they short-, intermediate- or long-term. Even mutual fund investors will benefit.
It is rare that a successful money manager of Appel’s stature shares his secrets with the public. If you are a serious investor or trader, you can only benefit from time spent with this master and his ideas.
Holland McCarty (verified owner) –
This is a good book to technical analysis. The value of the book in the four (4) modes of the market and his explanation of his MACD System.
Eva Wade (verified owner) –
This book lays out several strategies with varying levels of difficulty to implement. The pros and cons, historical returns, and instructions are given for each strategy. The author is also the inventor of the MACD trading indicator.
Robin Sharp (verified owner) –
I am a mechanical trader using primarily trendline, MACD and Stochastics. That explains why I immediately picked this book up when the tagline “Inventor of MACD” on the front cover entered my eyes. Out of expectation, this book had only one (out of ten) chapter on MACD (but I did learn that the author used 6-19 and 19-39 other than 12-26 as parameters). The rest were on volume, moving average, oscillator type TA tools, plus strategies on fund selection and switching, and trading on seasonal+cyclical factors (Chapter 5 which I like the most, that he explained with solid data why the Nov-Jan period, the pre-election year etc are the best time to enter the market). As a trading book, this is relatively compleat and helpful, though I admit I am biased for my respect to the author. In short, recommended, particularly for those with certain trading experience + TA knowledge and want to acquire more for an edge.
Braxton Frederick (verified owner) –
very useful information for practitioners.
Camryn Craig (verified owner) –
One of the best in the business gives advice based on his extensive research and decades in the business. Need I say more?
Allyson Zimmerman (verified owner) –
Damn good book.
Davion Evans (verified owner) –
This book is a little hard for a inexperienced investor to grasp but the concepts are real, practical and will be useful in making money. One of the better technical analysis books you’ll find
Peyton Cox (verified owner) –
excellent book.
Jayla Grimes (verified owner) –
I think the first two chapters presented a couple of indicators that make sense to me. But when it gets to more detailed, as opposed to big picture indicators, I didn’t find many practical ideas that can actually be turned into stand-alone trading strategies based on my preliminary back-testing.
Many of the ideas proposed are not subject to back-testing because they are too description, lacking rigorous criteria quantifiable for back-testing. And the ideas from the chapter in MACD contains too many “eyeball / charting” criteria also, which is subjective and not amenable to quantitative examination. The exposition in that chapter could have been written better and more clearly also. A simplified version of the basic idea of that chapter can be put to back-testing if the subjective, “eyeball / charting” part is removed. And my preliminary result points to no profit. The point is that if technical analysis degenerates to “eyeball” or charting analysis without rigor, then you can find a bunch of charts to support all kinds of conclusions, whatever they are. You can always find some charts to support your point even if it is utterly nonsense.
Ryker Gordon (verified owner) –
In my opinion, the title of this book should be “Topics in Technical Analysis”. This book covers some aspects of technical anaysis and each part is very wellwritten. Especially MACD is well covered than any other book in TA. A good source for intermediate and advanced readers.
Beckett Rowe (verified owner) –
Great ways to follow the market
Bronson Shah (verified owner) –
Buried in this book are clues that point to widespread misconceptions about the MACD.
The clues are
1. Hints at not waiting for the MACD lines to cross to start buying
2. A calculation of MACD Histogram that is different than most, but not all, charting websites and software
3. Suggestions on circumstances to slow down and sometimes skip MACD sell signals
Experienced traders may spot the differences between Appel’s approach in this book and what is often bandied about regarding the MACD. I think it would have been even more helpful if the author had addressed the differences and pointed out any common misconceptions directly. Having done some backtesting of the MACD, I think the book needs more specific, objective details on how to anticipate MACD lines crossing and recommendations for using the MACD histogram or Appel’s histogram, as I have come to call his way of plotting it.
I reckon that reading the book years ago and thoroughly understanding the nuances of how Gerald Appel uses the MACD would have helped me, especially in 2007. Since then, I’ve seen the value of backtesting. The good news is that many sections of this book show historical test results. However, I was a little disappointed not to find backtesting results for the MACD in this book. Test data is rarely included in trading texts so it is probably a bonus to get the data that is presented in this book.
The author emphasizes synergy and gives specific instructions for using other market-timing power tools — along with the MACD and sometimes even without the MACD. In fact, the MACD is only one chapter. But MACD is why I came to the book and I suspect many other readers do the same, so that’s where I focused most of this review.
Besides the MACD, the book has instructions on key indicators of market internals and health. It also gives rules of thumb for estimating duration and extent of market moves, using chart patterns, and it covers moving average channels.
Bottom line: Worth reading to get the benefit of the experience of Gerald Appel, the man who invented the MACD and has seen a lot more than the current boom/bust cycle.
Savanna Tran (verified owner) –
I bought this book mainly because I saw other readers said that there is a chapter talking about MACD. I did not disappointed me as I really learn more about MACD with this book. As other reader said, if you want to learn MACD, why don’t read the book of the inventor?
I also read some other chapters, but not full book. And I found it easy to read and understand.
I think this book worth to read, don’t miss it.
Harlan Castillo (verified owner) –
The content of this book is very usefull for middle to experienced traders. Gerald has a very clear approach and written information, with useful hints on Technical Analysis. He starts with a Mutual funds analysis and evaluation overview. Very useful for the ones are managing funds or are planning to do so. After it, he goes to some new Chart readings and a lot of analysis over historical stock indexes. He cover some traditional charting readings as triangle, Head and shoulders and others. He explainings about market cycles, T Formations on charts to preview end of cycles and the MACD chapter, itself, it’s a mandatory read to the ones who apply MACD on their daily analysis. He presents MACD with different timeframes and reading with 2 o 3 different MACDs to initiate and finalize trades, very usefull ans interesting. In the end of each chapter, he prepared an resume of all the chapter and its hints…very nice and fast for consulting….It’s a nice book for reading and consulting over the years.