Chart Your Way To Profits: The Online Trader's Guide to Technical Analysis
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| Chart Your Way To Profits: The Online Trader's Guide to Technical Analysis | |||||||||||||||||||||||||||||
| Reader Reviews 1 - 35 of 35 | |||||||||||||||||||||||||||||
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| 04-25-09 | 5 | (NA) |
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Tim Knight does a great job of guiding you through the maze of options available in Prophet Charts. As a bonus Tim also shows the use of some of the most popular indicators. This is a must read for new investors.
(Review Data Last Updated: 2009-08-14 00:11:13 EST)
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| 03-23-09 | 5 | (NA) |
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For anyone interested in analyzing financial instrument charts, I haven't tried a better package than Prophet Charts. And, for anyone using Prophet Charts, this book is very helpful. There are easy to follow, yet detailed explanations of the charting package, and just as important to me, detailed explanations and many examples of highly significant chart patterns. I highly recommend Tim Knight's book for anyone aspiring to be a "chartist."
(Review Data Last Updated: 2009-07-03 07:18:55 EST)
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| 03-22-09 | 5 | (NA) |
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If you want to get started on Technical Analysis, this is the best book you will find. This book is excellent for someone who does not (yet) know the jargon used by technical analysts. The author explains the concepts in detail, the underlying psychology, the confirmation signs and ultimately how you can profit from that. The language used is straight-forward, simple and easy to understand.
There are a few chapters on how to use Prophet Charts (which is a charting platform built by the author); if you're not using Prophet Charts you can ignore those. The concepts & techniques explained in this book work the same irrespective of the charting platform you use. My only regret is that I did not know about this book much earlier in life. Even reading this book two years ago would have added a couple of zeros at the end of my networth. (Review Data Last Updated: 2009-07-03 07:18:55 EST)
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| 03-19-09 | 4 | (NA) |
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This is an excellent book, and should be on any technical analyst's shelf, regardless of proficiency. The only downside to the book is that it spends a fair amount of time talking about ProphetCharts, which is the author's proprietary technical analysis/charting software. Prophet is an excellent software, but not one that everyone uses, and the reader may get tiresome reading about the features of a program that they do not use. Nevertheless, there is quite a bit of great information in here, and is certainly worth a read.
Another excellent resource by the author is www.slopeofhope.com, a financial/trading blog/journal. However, the blog is no substitute for the information found in this book, or any other technical analysis book, for that matter. (Review Data Last Updated: 2009-07-03 07:18:55 EST)
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| 03-19-09 | 5 | (NA) |
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I bought this book as I follow Tim Knights blog (slopeofhope) daily, actually, multiple times a day, actually multiple times a day like a crack addict. I bought it for 2 reasons, I like the blog and want to support the author, and I wanted to learn his prophetcharts charting tool while honing my technical analysis skills. This book delivers in spades. If you're an Investools Student, a ThinkorSwim'er, or just someone that's looking for an amazingly versatile charting platform this book is for you. Thanks again Tim and I'm looking forward to buying your next TA endeavor (whenever that may be).
(Review Data Last Updated: 2009-07-03 07:18:55 EST)
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| 12-07-08 | 1 | 3\4 |
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I respect Tim for this ideas on his Slope of Hope site, but I was sorely disappointed with his book. It offers no new insights into technical analysis, but rather is a 400 page advertisement for his charting website. Unless you want a manual on how to use his "ProphetChart" tool, I don't recommend this book. There are plenty of technical analysis books on the market with much more substance.
The one thing I have learned after purchasing this book is to never gratuitously pass-on your respect for a person to what he/she produces (read: Tim Knight's book is a sham) (Review Data Last Updated: 2009-07-03 07:18:55 EST)
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| 12-07-08 | 5 | (NA) |
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This book provides an excellent introduction to technical analysis. The author of the book (Tim Knight) is also the inventor of Prophet Charts, a comprehensive technical analysis tool that is available through a number of vendors. Those who use Prophet Charts will benefit most from Knight's hefty but readable volume. Knight spends about two-thirds of the book on technical analysis basics with the other third devoted to tutorials on using the Prophet Charts. The introduction to technical analysis is highly useful and well-written. It lays out a number of basic studies and charting techniques. Tips on how to maximize your use of Prophet Charts are woven seamlessly into the text. Those interested but still uncertain about this book might consider Knight's blog - slopeofhope.com - as a helpful introduction to the author's ability and sensibility. I highly recommend this book to anyone interested in trading, especially beginners.
(Review Data Last Updated: 2009-07-03 07:18:55 EST)
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| 12-01-08 | 1 | 2\3 |
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This book is not fairly advertised. It is really a handbook for the author's prophet software. That software is availabe on the Internet as well as through the thinkorswim platform.
In addition to being a handbook it is also a primer on all different kinds of technical analysis, but that seems to be a secondary purpose of the book. If you use the prophet application and you are a new trader, this books might be for you. Otherwise you won't need this book. Better to read the author's blog instead to get an idea of how one persons trades (for what that is worth). (Review Data Last Updated: 2009-07-03 07:18:55 EST)
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| 11-28-08 | 5 | (NA) |
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Tim Knight's book," Chart Your Way To Profits", is a very informative book about using Profit Charts and technical analysis. The first half of the book focuses on how to use ProphetCharts to it's fullest capacity, the second half is using and applying technical analysis. I have never written a review of a book but I will share one interaction I had with this author. I had a question about ProphetCharts and e mailed him, he returned the answer that day, within a couple of hours!! Tim is extremely energetic (doesn't seem to sleep much) and publishes a great blog,trades,constantly updates ProphetCharts and has helped improve my trading profitability. As for my own credentials, I was a part time market trader for years but turned full time the last two years.
(Review Data Last Updated: 2009-07-03 07:18:55 EST)
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| 10-29-08 | 4 | 0\1 |
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Tim Knight does a great job talking about how technical analysis works and what some of the simple to use indicators are. The book does however spend quite a bit of time discussing the specifics of his Prophet Charts software (note, Tim doesn't own prophet anymore).
If you skip the chapters on the software, you'll likely find that this is a great little technical reference. It is an easy read, and very usable on a day-to-day basis. I've profited nicely using some of the basics Tim reviews in the book. (Review Data Last Updated: 2009-07-03 07:18:55 EST)
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| 10-20-08 | 5 | (NA) |
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I am fairly new to trading so i have been reading every book I can get my hands on. Most are about a system that worked years ago or they just do a shotgun approach at explaining how to read charts and every possible pattern and you have no idea of how to trade it.
This book is different. Tim goes over a handful of his favorite techniques and does them in extreme detail. Showing you both why it works and the target of where it is heading and what might happen if it does go wrong and how to protect yourself. That's what everyone needs to know. I am now a believer in Technical Analysis and have been making the percentages that I thought only the "big guys" made. I have recommended this book to my family and I have no problem in recommending this book to you. (Review Data Last Updated: 2009-07-03 07:18:59 EST)
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| 10-20-08 | 5 | (NA) |
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If you happen to be lucky enough to have Prophet charts for trading, and many online brokers do, this book is a must. If you don't then you'll probably find it a little less than a 5-star book.
There are tons of books out there on technical analysis and even fewer, if any, that can explain it well and show you how to put it into practice. An added bonus is that the tools you learn how to use will save you time and that's something I know I appreciate. (Review Data Last Updated: 2009-07-03 07:18:59 EST)
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| 10-20-08 | 4 | (NA) |
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Ive only been trading for about a year, and when I first picked this book up, a few months into my trading, I thought there wasnt much too it. Now that ive been trading a little bit longer Ive found that more is not better. The things that TK goes over in his book may seem basic at first blush, but when applied in the real world they are amazingly effective. [...]
(Review Data Last Updated: 2009-07-03 07:18:59 EST)
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| 10-20-08 | 4 | (NA) |
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Being a novice to trading and wishing for a descriptive,well written guide is now available. Mr. Knight presents a easy but accurate window into the application of charts and how they apply to software by profitcharts. A trader only wishing to understand the interpretation of stock charts will find this book a enlightening and instructive book . I would recommend this book for anyone who wants to begin trading using a home computer. (Review Data Last Updated: 2009-07-03 07:18:59 EST)
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| 10-20-08 | 5 | (NA) |
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I'm a novice in the world of trading, and I've read numerous books on the subject over the past year. I recently purchased Mr. Knight's book, Chart Your Way to Profits and found it to be completely invaluable. In fact, when combined with the Prophetcharts platform which it was designed, I consider it the "Holy Bible of Charting". I attribute my recent success in the markets to what I have learned from Mr. Knight's book, and his Slope of Hope website. I give it my highest rating, 5 Stars and highly recommend it to anyone who wants to get serious about technical analysis and making money in the market.
(Review Data Last Updated: 2009-07-03 07:18:59 EST)
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| 10-20-08 | 5 | (NA) |
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I was trading using the O'Neil CANSLIM method. Found Tim's Knights site online and decided to read his book. The book is easy to read with many, many examples to enforce the lessons. ALthough there are intructional parts for the Prophet software, these areas were easily recognized and skipped if not using Prophet. I use Telecharts and everything taught in the book translated to this software.
By using suport and resistance lines I have been able to trade in te bear market, when the CANSLIM method is not recomended. Highly recomend this book (Review Data Last Updated: 2009-07-03 07:18:59 EST)
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| 10-20-08 | 5 | (NA) |
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Technical analysis can be arcane and confusing, but this book provides a well written and well organized treatment of the subject. I own many books on technical analysis, and this is the most direct and understandable of any that I have read (or attempted to read). Probably better suited for the beginner to intermediate investor wanting to better understand the field than the advanced technician. The book is very applied but has enough theory to provide context.
While it is accurate that the author cites examples using web sites that he has an affiliation with, the concepts are readily transferable to any number of technical analysis web sites or software programs--they all have most of the same functionality. Besides, the meat of the book concerns describing and interpreting chart patterns. Highly recommend...the author is incredibly knowledgeable and able to communicate that knowledge. (Review Data Last Updated: 2009-07-03 07:18:59 EST)
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| 10-20-08 | 1 | 4\8 |
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Some years ago, the author created a website (www.prophet.net) that provides sophisticated financial market charting services for a fee. This textbook, "Chart Your Way to Profits," is little more than a how-to book or user's guide for using that website only -- it is not a general book about charting the financial markets. If you happen to subscribe to and use the www.prophet.net website, this book should serve you well. If, however, you want to learn about using technical analysis of the financial markets generally, this book is of little or no value. I assumed that this was a general book about technical analysis of the markets, and was shocked to see the very limited and overwhelmingly infomercial nature of this text -- nowhere disclosed in its promotional materials.
(Review Data Last Updated: 2009-07-03 07:18:59 EST)
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| 10-20-08 | 4 | (NA) |
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Tim Knight's book most of all helped me see the bigger picture of technical anaylsis. Patterns developing not just over months but sometimes years. Looking at charts in multiple time frames. And, of course, making the most of my use of Prophet Charts.
RE Des Moines (Review Data Last Updated: 2009-07-03 07:18:59 EST)
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| 10-20-08 | 5 | (NA) |
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This is an excellent book for stock traders interested in technical analysis. Tim Knight starts off with a basic explanation of the psychological reasons why markets turn when they do and proceeds into explanations of trendlines, common patterns, fibonacci levels and fibonacci fans.
It's a must for traders using the Prophet charting platform, but the principles will be useful for anyone using charting software online. Also, the book starts at a very basic level, and new traders can easily follow it. More experienced traders will definitely find some useful techniques later on in the book. The book also devotes a good deal of detail to the fibonacci fans, which are not widely discussed elsewhere, but are extremely useful in technical analysis and provide a great way to gain an edge on the rest of the trading community. (Review Data Last Updated: 2009-07-03 07:18:59 EST)
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| 10-20-08 | 5 | (NA) |
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This book is about a charting system for the stock market. It not only tells about the authors charting program developed by the author but also how technical analysis is a very strong way to make money in the market no matter which way the market is going. Tim's ability to make the book an easy and fun read is evident because he makes difficult trading methods understandable. This without question is one of the best features of this book. He does not tell you that trading is easy but that it is for people who want to put forth the effort to learn methods that have worked for many traders. It is not the only method, he explains, but technical analysis is so important to be successful. His blog proves that to me. This book is worth every penny. I highly recommend it to those who want to turn a profit in the stock market.
(Review Data Last Updated: 2009-07-03 07:18:57 EST)
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| 10-20-08 | 5 | (NA) |
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A little over a year ago I became interested in the Stock Market. I spent alot of time and money going to various classes and training sessions. I also purchased a few different books and cd's to become familiar with how to read and understand the market. After becoming affiliated with Think Or Swim and the platform they used for charts, I can honestly say that Chart Your Way To Profits has been the most informative and the best source for me in charting. It's wonderful to chart and predict which direction the market may go. This book and the charts are the best thing I invested in. I only wish I hadn't spent all the other money first. Thanks Tim
(Review Data Last Updated: 2009-07-03 07:18:57 EST)
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| 10-20-08 | 4 | (NA) |
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very good for enhance my technical analysis knowledge. The only disadvantage in my opinion is : most of the articles in this book is based on the use of Prophet Subscription, which not everyone is Prophet Subscriber (such as me). But in my opinion this book is considering one of the best technical analysis reference book.
(Review Data Last Updated: 2009-07-03 07:18:57 EST)
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| 10-20-08 | 5 | (NA) |
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I'm the type of reader who writes reviews only for books that are worth their purchase price. Chart your way to Profits lives up to its name. I highly recommend this title. Understanding why a head and shoulders pattern forms and how reliable the retractment can be for an entry to the short side has made investing in this bear market a very profitable experience. I'm beginning to understand the power of a broken trend line - by the time I've unpacked everything Tim Knight has put into this book, the purchase will have paid for itself multiple times over. Selecting this book is a safe solid choice for learning how to read chart patterns, and seeing how to trade based on those patterns.
(Review Data Last Updated: 2009-07-03 07:18:57 EST)
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| 10-20-08 | 5 | (NA) |
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I like this book very much , it gives me a lot insightful informations by knowing how to use his prophet charts tools and this will make me feel more confident in the stock market.
(Review Data Last Updated: 2009-07-03 07:18:57 EST)
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| 10-20-08 | 4 | (NA) |
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The book provides many examples to demonstrate the power of technical analysis. If you are not an expert, this book provides all the features of Prophet Charts and how to use them. Very, very useful is putting it mildly.
(Review Data Last Updated: 2009-07-03 07:18:57 EST)
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| 10-20-08 | 5 | (NA) |
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This book is a must read for anyone trading in the market, regardless of whether you are a short term trader or longer term investor. Tim Knight's knowledge and expertise in the area of charting is outstanding. I have used his chapter on "Fibonacci Friendly" patterns very successfully since reading his book in 2007. I am an Investools and ThinkorSwim client who truly respects the authors expertise with technical analysis. His book "Charting Your Way To Prophets" has helped me become a better trader and investor. I regularly (daily) visit his blog at slopeofhope.com to stay current with his Prophet chart updates and his current technical reading of the markets and tradeable trends.
(Review Data Last Updated: 2009-07-03 07:18:57 EST)
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| 10-20-08 | 5 | 0\1 |
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Great book and very informative. Lots of wonderful charting suggestions and would highly recommend. For the guy getting to know charting, like myself, this is a must read.
(Review Data Last Updated: 2009-07-03 07:18:57 EST)
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| 10-20-08 | 4 | (NA) |
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Context (About me):
A little about me for context. I am actually not a trader, nothing interests me less then babysitting trades all day, sounds very tedious. That said, I am a software engineer at a company that provides training to investors, and the mechanics of trades, and the breakdown of the elements of a pattern or trend line do interest me greatly. Sounds like a contradiction, but its really not. That said, The Review: The first part of this book was very engaging, and gave me a phenomenal baseline of information. Thanks to this book I have a much better appreciation for the information provided by charts, and can better anticipate the needs of my company's customers. I wont review the second half of the book, as this was a very detailed manual for the Prophet Charts application from Investools, and I found that to be intuitive enough that I did not need the manual. I am sure it was helpful for non tech savvy individuals, but I did not get through the section myself. I will finish by saying that I am very ready to write a 5 star review and am anxiously awaiting the opportunity to do so. All it will take to get this is a full volume from Mr. Knight (if that is in-fact his real name) on charting, sans the Prophet Charts manual. (Review Data Last Updated: 2009-07-03 07:18:57 EST)
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| 10-20-08 | 4 | 0\1 |
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Tim is straight forward and direct, so is his book. His examples and clear and realistic (as opposed to unrealistic perfection). You then have the opportunity to follow his blog and see new examples just about every day.
(Review Data Last Updated: 2009-07-03 07:18:57 EST)
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| 10-19-08 | 1 | 3\18 |
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Tim Knight founder of Prophet charting systems is known as a good technical analyst. I bought this book hoping to gain insight into methods and strategies. All I got was a 200 page advertisement, instruction manual on how use his Prophet Charts. The detail is agonizing!
It would have been appropriate to publish this as an instruction manual, but I guess it would not have sold as well. Mr. Knight also pushes his investment blog. This blog is sickening. Most of it is Mr. Knight telling everyone how smart he is and how rich he is. Any criticism of the site is quickly dismissed and the reader called an idiot or worse! While he provides analysis on his site and endless childish videos and pictures, he gives just enough info on trades to help keep the reader poor and in awe. My Knight should write a technical book so others can begin accumulating wealth. If you ever go on his site be careful to use proper grammar. He humiliates the less educated when they make minor errors. (Review Data Last Updated: 2009-07-03 07:19:01 EST)
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| 10-19-08 | 1 | 5\9 |
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I first found Mr. Knight and this book from his blog. I suppose I should have stopped there. Truth is the book is little more than a commercial for his charting web site. To my surprise, it offers very little substance towards the teaching of Technical Analysis. It does provide lots of ways to use his charting web site, which is subscription only. Alas, not much to say other than if you want to follow Mr. Knight's trading do it for free on the blog and save your reading money for anything else.
(Review Data Last Updated: 2009-07-03 07:19:01 EST)
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| 10-19-08 | 4 | 1\1 |
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I've been trading for a few years now. I've read various books, and taken a few trading classes. Now that I only use technical analysis when buying and selling stocks and options, Tim Knight's book has helped me greatly. CHART YOUR WAY TO PROFITS has shown me various technical formations that I was either ignorate too, or just not sure that I was viewing them correctly. Also, as a Profit charts user, this book is helpful for me setting up specific technical analysis that I want to use.
Is this book for everyone? No, but if you are a technical trader or a trader that wants to add technical analysis to your stock research, this might just be the book for you. (Review Data Last Updated: 2009-07-03 07:19:01 EST)
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| 10-19-08 | 5 | (NA) |
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solid work for the new trader or trader with tons of experience. Tim hit it right on the buttton
(Review Data Last Updated: 2009-07-03 07:19:01 EST)
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| 07-14-08 | 5 | 5\5 |
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I'm an active sell-side options trader and came across this book almost by accident. It is very well written and filled with lots of current examples of the most common and reliable chart patterns. I have no connection to the author or company, but I have a retail account at Thinkorswim and find the Prophet charts excellent, even as a more advanced trader.
The book should be required reading for anyone that uses Prophet charts, as the book lists lots of suggested settings which are only relevant if you use the product. Specifics aside, it is still an excellent book and much easier to read than most of the other ones out there, charting can be a very dry but important subject to study, this book is highly recommended for the beginning and intermediate technical trader. Good stuff. (Review Data Last Updated: 2009-07-03 07:19:01 EST)
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