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eBook Technical analysis and the active trader (McGraw-Hill Trader’s Edge Series) ePub

eBook Technical analysis and the active trader (McGraw-Hill Trader’s Edge Series) ePub

by Gary Norden

  • ISBN: 0071467912
  • Category: Business and Finance
  • Subcategory: Other
  • Author: Gary Norden
  • Language: English
  • Publisher: McGraw-Hill; 1 edition (November 22, 2005)
  • Pages: 256
  • ePub book: 1953 kb
  • Fb2 book: 1695 kb
  • Other: azw txt docx lrf
  • Rating: 4.6
  • Votes: 585

Description

Author Gary Norden is a veteran professional trader, as opposed to a theory-driven mathematician.

Author Gary Norden is a veteran professional trader, as opposed to a theory-driven mathematician. In Technical Analysis and the Active Trader, Norden examines technical analysis from a trader's perspective to reveal: Flaws in bedrock assumptions that form the basis of technical analysis, and strategies you can follow to overcome those flaws. Findings of modern behavioral finance, and how to use them to gain valuable insights into the decision-making patterns of other traders

Technical analysis and the active trader McGraw Hill Trader's Edge Series.

Technical analysis and the active trader McGraw Hill Trader's Edge Series.

analysis and the active trader (Mcgraw-Hill Trader's Edge Series). This book is a must read for any of those who utilize technical analysis (TA).

Technical analysis and the active trader (Mcgraw-Hill Trader's Edge Series). 0071467912 (ISBN13: 9780071467919). Be the first to ask a question about Technical Analysis and the Active Leader. Lists with This Book. This book is not yet featured on Listopia. First thing to note; even though the book is labelled so, the majority of the book is refuting the art of TA by spouting the common faults.

Brand Mcgraw-Hill Professional. Harness the power of technical analysis for trading success Technical analysis is a powerful trading tool, but for maximum success and profit it must be skillfully integrated with other key trading tools

Brand Mcgraw-Hill Professional. Harness the power of technical analysis for trading success Technical analysis is a powerful trading tool, but for maximum success and profit it must be skillfully integrated with other key trading tools. Technical Analysis and the Active Trader explains how to seamlessly combine technical analysis with other elements to help you understand the context of price moves, eliminate representative bias, and more.

author Al Brooks, a technical analysis contributor to Futures magazine and an independent trader. A detailed guide to profiting from trend reversals using the technical analysis of price act. Trading Price Action Reversals: Technical Analysis of Price Charts Bar by Bar for the Serious. 34 MB·24,936 Downloads·New! A detailed guide to profiting from trend reversals using the technical analysis of price act. 45 MB·16,257 Downloads·New! A detailed guide to profiting from trend reversals using the technical analysis of price act.

It will assist traders who are facing challenges to their trading success and give them the knowledge and tools required to profit from the market. Technical analysis and the active trader (Mcgraw-Hill TraderA’s Edge Series).

It will assist traders who are facing challenges to their trading success and give them the knowledge and tools required to profit from the market OZON. Похожие книги: How I Trade for a Living. Harness the power of technical analysis for trading su. т 6943. From the Internet With Love.

Mastering Technical Analysis: Using the Tools of Technical Analysis for Profitable Trading (McGraw-Hill Traders Edge Series). Download (pdf, . 2 Mb) Donate Read

Mastering Technical Analysis: Using the Tools of Technical Analysis for Profitable Trading (McGraw-Hill Traders Edge Series). 2 Mb) Donate Read. Epub FB2 mobi txt RTF. Converted file can differ from the original. If possible, download the file in its original format.

TECHNICAL ANALYSIS AND THE ACTIVE TRADER OTHER BOOKS IN THE MCGRAW-HILL TRADER'’S EDGE SERIES ‘The Complete Gule o Spread Trading by Keith Sp Panern Recognition and Trang Decision by Chris Stchwelt Mastering Futures Trading by Bo Yoder (One Shot.

TECHNICAL ANALYSIS AND THE ACTIVE TRADER OTHER BOOKS IN THE MCGRAW-HILL TRADER'’S EDGE SERIES ‘The Complete Gule o Spread Trading by Keith Sp Panern Recognition and Trang Decision by Chris Stchwelt Mastering Futures Trading by Bo Yoder (One Shot Oe Kitt Trading by Joka Neto Techniques of Tape Reoding by Vadymn Grier and Cis Schumacher Quanstaive Trading Sategies by Lars Keser.

Success in technical analysis is all about recognizing, and quickly acting on, patterns of market behavior. Pattern Recognition and Trading Decisions shows active traders how to realize when a pattern is developing, distinguish between a genuine pattern and a misleading series of events, and apply this recognition for success in specific trading situations.

Exposing the unreliability of technical analysisTechnical analysis is one of the most widely used and taught methods of financial markets analysis. It is becoming particularly popular with time poor retail traders who are taught that chart patterns, trend lines, indicators etc offer quicker ways to make trading decisions. But how reliable are these methods?Technical Analysis and the Active Trader exposes the flaws and unreliability of technical analysis. Using examples from real market scenarios, robust independent studies and behavioral finance, technical Analysis and the Active Trader shows how and why traders will struggle to be profitable using charts and indicators.

Comments

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Not the book to get if you're looking for fancy charts and an explanation of technical analysis. Reading can be dense going at times, but it is thorough and has some very compelling points. Because I have a science and math background (BS Physics) I'm used to academic prose. Though this is certainly more academic than it is lower level descriptive, I felt the writing style would enable even non technical readers an opportunity to benefit. If you have a trading library, you should consider adding this to it. I do, however, agree with some of the negative comments that the book title is a little misleading. However, having said that, I don't think it's ever appropriate to base your decision on a book by just reading the title. All books have descriptive text explaining just what the book is about. This was clearly stated, and so I had no expectation that it would actually be a "trading" book; I knew it was going to be a critical analysis of technical analysis.
Brick my own Brick my own
I had to sit on this review a while and let it simmer. This book is five star material no doubt. It is a 4.5 star because there is one thing that bothers me. The author spent half the book ragging on the faults of TA.

I happen to agree with some aspects of TA and a simple chapter with a problem would have sufficed. In fact I (as a published author) would have started the book with the Nokia and Motoral divergence case that was presented near the end of the book. That simple illustration shows the fault of TA without much further discussion needed.

For those readers wondering what the author is complaining about, he is complaining about comments like the following: (Trading Markets.com)

As Goes the Rest of this Week, So Goes the Second Half of the Year

"As the last few days of the first half of 2006 come upon us and the S&P 500 is trading near break-even, we asked, "How does the market perform the second half of the year after it has risen the first half of the year?" And, "How has it performed the rest of the year after it has declined the first half of the year?""

The answer is that the market will decline, but you have to ask yourself why? What says that the market will decline, from a purely TA perspective? Sure it might, but it also might go up.

I am not going to give an answer which way the market will go because the second half of this book does give a generalized answer. I find the second half of this book brilliant, and if there ever is a second edition of the book (and there should be) the author needs to focus on expanding the materials in the second half.
Bloodray Bloodray
Let me start by saying that I know Gary personally and he has told me to be completely honest about his first book. Firstly, this book is not positioned as a "How To" book. It would possibly sell more if it were because Gary is a successful trader in his own right. The book is primarily an in depth look into how markets REALLY work and how viable is technical analysis in its ability to react appropriately to market information. He lays some compelling evidence to suggest that technical analysis alone is grossly inadequate as a tool for trading the markets. The price alone is not the sole arbiter of market direction and in fact can be led by market information. He debunks popular assumptions made by technical analysts and challenges us to think more systematically when making our trading decisions (ie not just using TA but analysing other pieces of information). Even if you don't agree with his findings, it is important to read this so that discussion can be promoted without making assumptions that could well prove to be costly. The emperor has no clothes, and Norden is pointing at him and telling you that. He doesn't just do that though but also points you in the general direction of where to start looking for a better way to trade. It is his desire not to become a market guru but to treat us as intelligent people who have a choice not to become fodder for the markets. Essential reading before you spend thousands on another TA book and blackbox trading system.
Jek Jek
Gary Norden describes trading how it actually is - hard work. So many people get involved in trading thinking it's an easy way to make money, and many techinical trading systems lead them to think this way. Most of these people ultimately lose money. Those that succeed develop a deep understanding of their markets, understanding that requires time, hard work, and intelligence.

Although Mr. Norden claims he didn't intend to write a "how to trade profitably" book (and it probably isn't possible to write such a book) I found his general advice excellent: understand the context of price moves, weigh possible outcomes and expected returns, and look for disconfirmation in other markets.
Gholbimand Gholbimand
After I run through the book (it's too dry, repetitive and disorganised), my immediate feeling was: "What a sucker I am!" The book title and the front cover is definitely misleading. Instead of telling the hows, the author kept on quoting academic studies of how useless TA had been, and preaching the importance to look into the "context" of individual scenarios. I dont mind how bad the author disliked TA. However, he should have provided a solution, which is nada, but shallow fundamental and behavioural stuff, readily available and much better presented in books that focused on "Fundamental Analysis" and "Behavioural Finance". Glad to see that another reviewer Stephen B. Aust shared the same negative opinion as mine. In short, dont waste your hard earned money and valuable time on this.