Technical Analysis (ISBN 0471020516) Book Reviews 1-14 Sorted By Most Recent, at VeryWellSaid.com

An excellent guide to technical analysis

For anyone interested in a technical rather than fundamental approach to trading (like we are), this book has to be considered the definitive text. Although oriented around futures trading, all the information presented is equally relevant to any instrument type with a little thought and adaptation.

This is more of a reference text, and contains too much information to simply read it once and put it back on the shelf. If you study this book, by the time you get to the end you will know as much about technical analysis as you ever needed to know, and will probably have thought of a significant number of ideas for new trading systems as well.

(Review Data Last Updated: 2008-11-30 05:22:14 EST)

03-06-06

2\2

An excellent guide to technical analysis

(Review Data Last Updated: 2007-04-11 07:50:53 EST)

12-19-05

2\2

A great reference

I found other books on TA to be more useful for reading straight through and overcoming the learning curve on TA (e.g. Technical Analysis Explained, Martin Pring *****).

Although, because this book contains so much information, it is a great reference to have in your library. You will find yourself looking for more information on topics that other books don't cover in a lot of depth, so it is important to have a few good reference books.

It also contains sections on developing strategies which some may find useful, although, "THE" single best resource on developing a strategy is Schwager's Market Wizards series (5x*).

(Review Data Last Updated: 2007-07-02 11:42:14 EST)

12-18-05

1\1

A great reference

(Review Data Last Updated: 2006-07-07 07:51:08 EST)

01-01-05

1\6

Great Trading Book

Schwager's book is great - it covers technical analysis, price risk management and even a bit on system development.

(Review Data Last Updated: 2007-07-02 11:42:14 EST)

12-31-04

1\5

Great Trading Book

Schwager's book is great - it covers technical analysis, price risk management and even a bit on system development.

(Review Data Last Updated: 2006-07-07 07:51:08 EST)

03-04-03

4\6

This book hurt my head!

I read this book ... I was thoroughly impressed.

I had read Schwager Market Wizards books after I had read this Technical books on trading. And although I liked it, I found many of the charts and graphs quite tedious. On the other hand was thoroughly impressed at level of information that was being presented. This book is a permanent part of my collection solely because it reads more like a college text book than a commercial investment book. He really delves deep and makes you think about what futures really are and what it takes to decipher their movements. I am looking forward to his comments on single stock futures.

(Review Data Last Updated: 2007-07-02 11:42:14 EST)

03-03-03

4\6

This book hurt my head!

I read this book ... I was thoroughly impressed.

(Review Data Last Updated: 2006-07-07 07:51:08 EST)

09-18-02

7\7

One of the best Technical Analysis books

I thought Schwager did an excellent job with this book. I have read a ton of books on technical analysis and can say that this is definitely one of the best ones out there. I really liked the book, the real world chart analysis was excellent as was the section on trading systems. I recommend this book without hesitation whenever someone asks about a good technical analysis book. It is probably the best book on technical analysis I have read it does an excellent job showing how a trader actually uses and interprets charts and indicators. It ranks in the top 10 books on trading that I have and it has paid for itself many times over.

(Review Data Last Updated: 2007-07-02 11:42:14 EST)

05-30-02

7\9

There is a Cheaper Version of This Book

I first read his book in paperback "Getting Started in Tech Analysis." Both books cover the same info, except the above reviewed book has more details on trading systems and has a lot more graphs and examples, which I felt I did not need. I would recommend the less costly paperback version - it is EXCELLENT!

(Review Data Last Updated: 2006-07-07 07:51:08 EST)

12-21-01

5\5

A Complete Guide to Technical Analysis

Now don't get me wrong by the title, there are more methods of Technical Analysis than Schwager covers in this book...However, his many years of actually trading against analytical methods has given him great insight and time to study, characterize and rate the value of many of the most common analytical methods. He is quick to point out in several places in the book that these are "Western" analytical methods, practiced in the Euro-American world of futures trading.

The beginning of the book is a laborious and elementary but complete description of basic technical techniques. The later chapters talk about building trading systems using combinations of the techniques discussed in the beginning. There is a fair amount of history lesson given as to how the methods were 'discovered' or derived. In general, although ponderous to get through, I think that this detailed analysis allows the reader to believe in the method, the author, and the application of the method.

I highly recommend this book as the single basic reference that a technical trader cannot ignore.

(Review Data Last Updated: 2006-07-07 07:51:08 EST)

12-20-00

29\30

A REASONABLY GOOD BOOK ON TECHNICAL ANALYSIS

Tis book is very complete in all the basic technical patterns such as flags, channels, head & shoulders etc. and would be a complete technical analysis course for beginners, but may prove less useful to professional traders. The second section is helpful in that you read about a trade based on a particular pattern and then turn the page to see the chart move out in time and how the trade would have worked. Its a sort of real-time trading practice. As we have often heard, these basic patterns are about 50-50 accurate and Jack seems to imply that when he said on p. 142 that "Trading success is not dependent upon been right more than half the time, or for that matter even half the time."

I think that any furthur edition of the book should get some charts that have dates below. These charts show the month and a few spikes in between to suppose dates but they are difficult to co-relate with a calendar and so it makes it a bit difficult to know on what day of the week or if it is a weekend that a particular move took place.

In Chapter 18 it states: "The systems detailed in this chapter are throwaway systems, that is systems far inferior..... to other systems I have developed to bother using.". Maybe, the ad. for this book should tell us that purchasers will get rejected systems which the author does not use! In this way one can make a more precise purchase decision. The final chapter of this book which contain 82 trading rules is to me the best part of it all. This chapter are excerpts from his market wizard books.

I must admit that I had read Jack's "Market Wizards" and his "New Market Wizards" books and I had been very pleased with them. I had written excellent reviews for both these books and would always recommend them to anyone. However, I cannot be too sure to say the same for this one on technical analysis.

(Review Data Last Updated: 2006-07-07 07:51:08 EST)

09-23-99

16\18

A MUST READ SERIES FOR WHOEVER WANTS TOTRADE IN FUTURES

This Series "Schwager on Futures" is the biggest work has ever been written on futures trading. As a Futures Trader I advise everybody to read these books before to starts any real trading in Futures, that if not taken in the proper way can be very painfull. As a Member of IFTA(International federation Of Tecnical Analisys)I suggest you to read it joint with John Murphy's "Technical Analisys f Futures Markets" and "Intermarket Technical Analisys" this will give you a integral knowledge of Futures Environment that is what you need on your Trading philosophy. I always let these books on my desk because I need them so many times during my trading day. THEY ARE A REAL REFERENCE. The good thing of this series is that you can test your comprension by the various study guides. Reading the book about "Managed Trading" You can even get able to judge the returns of the various CTA and decide when it is better to invest in them and to whom give your money.Probably you are not be interested in the Fundamental analisys book but remember, especially in the commodities markets, EVEN IF YOU ARE GOING TO TRADE TECHNICALLY IS VERY IMPORTANT TO UNDERSTAND FUNDAMENTAL ANALISYS!!! Thank you very much to have spent all this time for read me. If you still have some doubts do not hesitate to contact me at my E-mail. Buon Trading!!!

(Review Data Last Updated: 2006-07-07 07:51:08 EST)

07-24-99

3\4

CareerDayTrader.com - Excellent book on Technical Analysis