The Forex Chartist Companion: A Visual Approach to Technical Analysis
$23.66
| Author(s) | , |
|---|---|
| Pages |
381 |
| Format |
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| Published Date |
2007 |
676
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Description
In The Forex Chartist Companion, authors and active Forex traders Michael Archer and James Bickford provide a visual window into the behavior of the Forex market along with detailed information on the mechanics of day trading, market entry timing, and much more. With this book as your guide, you’ll not only become familiar with innovative software and charting systems that provide a graphical interpretation of the markets, but you’ll also discover how to instantly see patterns throughout those markets.
Introduction:
There are six major divisions in this book:
- Part I: Much of the material in this section originally appeared in a collection of technical currency studies called Forex Charting Companion: Innovative Charting Techniques for Currency Traders by the same co-authors. Many of the charts along with the corresponding data have been revised to reflect the current personality of the spot currency market.
- Part II: Point and figure (P&F) charting was invented in the 1890s and has since evolved into a highly respectable technical analysis tool for detecting market entry signals. Although P&F was originally designed for use on the stock exchange, all the examples in Part II focus directly on the spot currency markets (with some startling results). This section is actually a revised update of The Point & Figure Chartist’s:Companion: The Computer- Side Reference for Currency Traders and Analysts, also by the co-authors..
- Part III: Like their sibling P&F charts, swing charts are also members of that genre of charts normally referred to as reversal charts. Their shared advantage is their ability to filter out minor price fluctuations and highlight the critical inflection points in a price chart. This section is also an update of an earlier work entitled The Swing Trader’s Companion: The Computer-Side Reference for Swing Traders and Analysts.
- Part IV: Both Western and Japanese reversal charts are examined in detail in this section. Knowledge of unusual and exotic charting techniques can only benefit the currency day trader since this knowledge assists in scrutinizing the same data through a different perspective.
- Part V: In this section, the authors examine the actual trading system of veteran trading guru Charles B. Goodman. His unique theories and hypermodern principles are accompanied by numerous practical studies and examples.
Contents:
- Forex-Specific Charting Techniques
- Point and Figure Charting
- Forex Swing Charting
- Other Reversal Charts
- Goodman Swing Count System
The Forex Chartist Companion: A Visual Approach to Technical Analysis By Michael D. Archer, James Lauren Bickford pdf
4 reviews for The Forex Chartist Companion: A Visual Approach to Technical Analysis
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Yaretzi Gilmore (verified owner) –
This volume is an excellent source book of trading tools for the Forex Trader. You will not find a complete system with which to trade with or a primer on trading the Forex. This is not a book for a trading novice. But for the journeyman trader looking for tools to add to his/her own trading methodology,it provides an ‘encyclopedia’ of ideas and techniques with which to evaluate and forecast the behavior of the currency markets. The Forex Chartist Companion is solid reference that belongs next to your trading station.
Maximo Valencia (verified owner) –
Save your money! This book is not worth the effort and definitely not worth the price.
Maddison Adams (verified owner) –
For experienced traders: This book provides very basic overviews of various charting techniques and never goes into enough depth to be of any use to an experienced trader. Most sections end along the lines of “this concept is essential knowledge for the trader but a detailed discussion is outside the scope of this book”. The TOC looks interesting but the chapters do not have any actual meat.
For newbies: The book doesn’t provide any useful introduction to FX trading so I don’t see this book as offering any value for newbies either.
I’m shelving this book under the crowded “useless fluff” category.
Hudson Floyd (verified owner) –
First off, this book is not for the beginner. Nevertheless, for the intermediate and advanced traders, there are nice tools that provide a lot of food for thought. The authors are definitely traders, there is no disputing that. They also go above and beyond the call of duty in mining data. The pages offer a wealth of proof of the number crunching power we get from today’s technology, as well as the ability to present the data in a usable format.
My favorite chapters are the ones dealing with Point & Figure (which gave me tons of ideas), Swing Properties, Cycle Analysis, and last but not least, the Goodman Swing Count System. This chapter alone will leave you wanting more information on this virtually unknown (up till now) trading method.
Again, this book may not serve the needs of the beginning trader. But for the intermediate/advanced trader who is past the market infatuation stage and is willing to do the work, there are definite workable ideas contained within.