Customer Reviews

Charting: An Introduction to Technical Analysis and Its Concepts

5 star:		(11)
4 star:		(2)
3 star:		(0)
2 star:		(0)
1 star:		(3)

 

 

This book is indecipherable. I have an MBA in finance and cannot fathom what this person is talking about, much less apply his "methods" to stock trading.

Two Points:
1: The book is 150 pages. Not much more than a pamphlet. For $50 Dollars!

2: Notice something about the reviews below. All 5 stars, all about the same length, and all with grammar and syntax in common.

You reach your own conclusions.

Question: If someone actually had a stock system that worked why would he have to embarrass himself, and waste his own time, hawking his "system" on television. Wouldn't he be so wealthy that he'd be retired or engaged in philanthropic activities? Oh, I forgot. Because he feels a religious and/or ethical compulsion to "share" his good fortune with strangers. If he's so concerned about "sharing" why the $50 ripoff on the pamphlet?

Another Question: If the book has any merit why was it necessary for the author to publish it himself? The publisher is Michael Saul's personal corporation. No legitimate publisher would touch this.

This excellent book clearly summarizes charting patterns while giving just enough explanation to be easily understood, without becoming tedious. Chart illustrations are provided for every pattern, providing further clarity. A section on "Analyzing Trades" is a wealth of trading set-ups and ideas. Technical analysis is finally demystified in this essential book for traders.

I give this 4 stars, because I never rate anything a 1 or a 5.

This book is for serious traders, not for those with an MBA in finance. There is a difference. I don't have an MBA, but I make money almost every day using technical analysis. I have learned a lot of that from Michael Saul. There is a learning curve, and if you have financial baggage or a "sure thing" kind of investing attitude, you might as well forget this book.

The details can be a bit much for beginners, but just paper-trade with the info at first until you begin to get the feel of it.

This book teaches you how to recognize the signals (like reversal bars, bull flags) that the market is sending about shifts in momentum and direction. It is amazing how well it works. Not every time, but more often than not, it's correct. And that's all you need if you want to make money day trading.

This is not investing, and requires study (like charting/TA books) and daily research. It's not for everyone, and you must learn the material, and then test it on paper before you trade for real, just so you'll be comfortable with the accuracy of technical analysis.

I'm not sure what the previous reviewer was referring to concerning hawking infomercials - I don't think anybody ever sold a book by itself on an infomercial. Certainly not one as dry as a technical analysis book. And specialty books get self-published all the time, especially when the potential market for them is so small (that probably explains the high price, I would think). I'm not trying to defend Michael Saul; he doesn't need it. It just seems strange that someone would use those silly comments to try to discredit a book that he admits he can't understand.

On the negative side, it IS EXPENSIVE. If you can get it used, save yourself some money. I also agree with another reviewer that much of the information here IS available on the web, but you'd really already need to know it before you'd know where to find it. Not to mention you'd have to wade through plenty of bad info to find the good stuff on charting on the internet (been there, done that). Save yourself the time and hassle by getting the book.

Bottom line, it's a good, accurate, (but expensive), technical analysis book. I recommend it.

I ordered this book because I had received so much good information from Trendfund.com, the website that Tiny is affiliated with. What I got was a book that does an incomplete job of describing a limited number of general technical analysis tools. There are so many other book that are more complete, like Kamich ,"How Technical Analysis Works", which I also own and would recommend hands-down over this book.

Michael Saul puts charting and trading off the charts into simple and easy to understand direction. While a lot of people like to complicate the art of trading, Michael breaks it down into a strategic pattern to be a successful trader. My trading has improved dramatically and can now say I am well on my way to being a full time successful stock trader and controlling my life with the expert help of Michael "Tiny" Saul

STJINC

I have been trading for nearly a year, successfully, but moderately so. I understood Technical Anaylsis (TA) superfically, until I read "Charting, An Introduction to Technical Analysis and its Concepts." The author makes the concepts come to life, in easy, illustrated text.

I have read the book several times, cover-to-cover, now I use it as an every day reference book to improve my ability to spot patterns and trade much more successfully; i.e., bigger gains and smaller losses!

A very simple to read book that does not confuse you while you are trying to learn. Simple, easy to read as it mvoes form basic to beyond in a clear, concise path. I have been using charts for 10 years and this book taught me many new techniques.

There are so many other books on technical analysis that are more comprehensive than this one (e.g. Kamish, How Technical Analysis Works). I bought it because I had received so much good information at Trendfund.com, the website affiliated with Tiny. I had hoped that this book would continue with great real life examples of successful trades. The book does a poor job of discussing general technical analysis tools. I was disappointed. I'm willing to sell my copy for $10. I can't imagine anyone giving this book 5 stars unless they have a financial interest in the book's success. Of course, you can get all this information for free by logging on to Stockcharts.com.

It's a great book if your just starting to get into trading, a bit pricy but worth the info. On the bad side is that alot of trading info is on the web now. If you look really hard you could probably find all of the stuff scattered over the web. But a beginner wouldn't know where to start. Like how he goes over TA indicators like ADX and RSI, but if you didn't know what they were in the first place then you wouldn't know where to look. Concise and full of info.

I've read many books on TA, but this one takes the cake. It's easy to understand and extremely concise. Mr. Saul explains several market indicators and how they relate to overall trends, but more importantly, he covers the false readings that those indicators can sometimes project, -and how to identify such anomalies. I am a day trader, and this book has found a home on my trading desk. If you trade, or if you just invest, -know what your broker knows, and buy this book.
- JDL.