Charting and Technical Analysis

As I have been trading for a while, I began by skimming through this book. By page 40 I decided to go back to the beginning and read it thoroughly. Every topic is clearly and concisely written with a simplicity that makes it easy to understand and comprehend to beginning and more advanced traders. I was impressed by the fact that the important aspect of the psychology behind price patterns was outlined which is important as you comprehend the reason why some price patterns can be relied upon while others less so. Another aspect that is specially difficult with a book based on charting patterns, is the fact that each chart tells a story which is unfolded as each new candlestick prints, and keeping pace with that story thought the chart can be complex and confusing. Mr. McAllen deals with this in a refreshingly clear manner, enough detail to make the topic clear without drowning it in a sea of detail. This book is very worthwhile and I would certainly recommend it to all.

Strong straightforward technical analysis concepts in an easy to read relatable format. Fred does an excellent job conveying to the reader complex technical analysis concepts in a easily understandable format with visual cues and chart examples making his content comprehensive and extremely understandable. Highly recommend, there were a lot of “Ah ha” moments reading this book. I think for the average person learning this book is an excellent read and should be reviewed again after spending a couple months looking at charts and applying the principles paper trading. Some of the content is easier to relate to after a new trader has experienced their observations of charts and the markets by observing it themselves. I would recommend the book highly.

As a trader I see red and green. I want my charts red and green. It makes them easier to read. I don't want to do extra thinking while I'm learning. The book does its best clarify, and with the full charts it's obvious which are which. Now that the negative is out of the way this is an amazing book! I'd recommend it to anyone that was thinking of doing any trading of any kind. Lots of aha moments to be had in this book. I will be reading this book 10 to 15 times and beyond. I now have a better understanding of how the market works, what moves it, and how to better read the story the charts are telling. I would pay $50 for a color version.

The book goes in depth when explaining Dow Theory, Candlesticks, MAs, trending, volume and examples through out of each. He also covers in detail how to use technicals to choose entry and exit points. After reading this book, you should have no problem using techinicals to spot trends, tops, bottoms, and the direction of a stock. The book is well written and very easy to understand, with just a few minimal oversights. One of the greatest values of this book is the attention to minimizing loses. Had I read this book a long time ago, I would not have rode stocks to the bottom, or jumped in a stock "thinking" the bottom had formed. By that same token, it would have been a lot easier to have spotted the top and locked in profits. This and "Getting Started With Value Investing" by Charles Mizrah should be part of any investors collection, especially those new to investing. The author goes into great detail explaining the most popular technicals and charts, while just going over in brief things like the MACD, stochastics, and bollinger bands. In the trading I do, I often use what is covered in this book, MACDs, and the RSI charts, and I have done pretty well. Note: @ Sudarshan Sukhani Why would you give the book 1 star and say don't buy the book unless you don't know technical analysis. That's exactly the intended audience. I will admit it may not be the "ultimate" guide to technical analysis, but it is still very solid and thorough. Unless you are a very advanced investor with several years of experience, I don't think you will lose anything by buying this book.

So I would say I'm a beginner investor. I don't really know much about the stock market and I honestly thought at the beginning that all you had to do was buy and hold... Mostly because of some information I read about Warren Buffett. With this book I feel I have a slightly better understanding of what is going on and how to read a chart, more than I did in the beginning. I still don't feel entirely confident that I won't trade against the market. But I believe the more I practice and study the better I'll get at analyzing the market. And I wouldn't be able to do that without the explanation in this book. I liked that the author didn't waste anytime in explaining about technical analysis. I also enjoyed that the author explained this in a way that someone who is a beginner can begin their journey into the world of investing. This is the type of knowledge that needs to be taught in school, so that when we send young adults out into the world they have more tangible information to be more financially literate than they are currently.

The best technical analysis book I’ve read.

I originally downloaded this book on kindle unlimited so my expectations were not high. I was surprised at how useful I found it. You can get the same information online for free but this book organizes and consolidates it into one very useful reference source. It is well-written by someone who is confident enough to write about technical analysis without making it too difficult for the average investor to understand. I decided I needed a print copy of this book and ordered the spiral bound edition, which I highly recommend. If you really plan to use this book, order the spiral.

After having read Ted Warren's book, "Having the Stock Market Make Money for You," (which at one point was bought up by the manipulators and then republished, I wanted to share some insight about Fred's book and Ted's. I found that if the 2 people met, they would almost completely agree on everything. I was amazed! We cannot fault Ted, however, because of the time period in which he lived - when there were the 40's, 50's, and 60's stocks (employment was also limited in terms of funding a brokerage account; he also had the problem of not enough regulation in the industry like an untrustworthy broker skipping town). Ted did not have the myriad of choices in investing/speculating that we do now such as - options and options on futures. Ted used what he had available at the time along with his charting skill and became a millionaire. If Ted had the tools we have now, there is no doubt in my mind that he would have made more money, dealt with any downside better, protected profits better, and become a millionaire faster. Ted did buy and sell stocks as well as futures for about 126 % annualized return. With Fred's book, I found it to be an easy read - I zipped through 70 pages at the pool! I also read it on a flight back to my home town and then finished it this week. (Other books written by Fred are shown at the end) Each new chapter kept me at the edge of my seat as I'd learn something new, confirmed something I already knew, or pondered our current market. It is my belief now that we can't just simply learn about greeks, read the latest crop futures report, or know all the inner workings of Apple - we need Charting and Technical Analysis! At a glance, and with some light further analysis a trade plan can be developed with a high probability of success.