Customer Reviews

Integrated Technical Analysis

5 star:		(7)
4 star:		(1)
3 star:		(1)
2 star:		(0)
1 star:		(0)

 

 

Copsey does a very good job of handling momentum and trend indicators. However, his explanation of Elliot wave theory and wave counting is poorly organized, presented to the reader in a confusing manner, and made more complex than it has to be.

He first describes that a complete cycle consists of 5 waves up and 3 waves down. Next thing you know he is telling us about a 5 wave down trend, which seemed contradictory to the introduction. The different patterns should have been given at the beginning instead of thrown at us with no explanation and no connection to the basic 5-3 move. His explanations of extended movements read like stereo instructions. It was made too complex for what it is. In fact, he stated that it would take several years to fully grasp Elliot wave counting theory. Why of course it would, if Copsey is the instructor! He should try to make it simplier! He made extended wave counts cumbersome and the intent looked to scare rathar than inform. Cycle analysis wasn't much better. I give credit to the author for atleast describing the basic indicators very well and for trying to propose an "integrated method." But it is unfortunate that out of a 302 pages of text there is only a little more than 20% of it dedicated to integrated analysis. I have to believe that there are other books that explain Elliot better. The sad thing is, this book is supposed to be about integrated analysis, not hacked up Elliot wave count theory.

If it wans't for his very good explanations about the momentum and trend indicators I would have rated this book lower than three stars.

Having spent twenty years trading in the market myself it was refreshing to see Copsey's down to earth approach. Moving through from some of the basics of Technical Analysis such as Chart construction and various uses of Averages, to Indicators and Elliot Wave Theory. Clear explanations with good examples shows not only Copsey's depth of understanding of the subject, but more importantly for the reader the application of "theory" in the real world. It is this "real world" application which leads to the approach of integrated analysis. Elliott Wave analysis is notoriously difficult to apply correctly, consistently and leads many to give up in frustration, however Copsey's approach to use different analytical tools to complement Wave Theory should help would-be Wave enthusiasts (especially in their early years). The final Chapter works through some excellent examples where the Author's own chosen combination of technical tools are applied, this part of the book I found most"~ valuable.

I have been using the Elliott Wave now for many years and find it very helpful and insightful into dealing with the market's underlying emotional structure. I use a combination of momentum and Elliott Wave to short term trade the markets. Ian Copsey's introduction into using the markets rhythem as well in terms of cycles is of great interest.

Technical Analysis does take time to learn as the author states and I feel his book points Traders in the right direction. Well written with very clear concepts.

Bennett McDowell Of "TradersCoach.com"

This book is expensive. So you should examine it closely before buying. It's full of well constucted and useful charts and if you're an experienced chart reader, you'll like that. Louise Yamada's book (Market Magic) also has a variety of very interesting charts, but those in Copsey's book are better drawn. There's a section on Elliott Wave which is quite good. My main complaint is that there's nothing on longer term analyses of cycle and wave structures in the DJIA or Russell 2000, or other such U.S. market indexes. But Copsey does deal in considerable detail with the Nikkei 225. And that, together with the Elliott Wave material, are what for me made the book worth buying. I like it and have been referring to it about once a day since I acquired it.

It is a totally new concept for an author to write about the integration of different analytical techniques, and this book also highlights how to utilise supporting indicators instead of the normal overuse of similar indicators. Furthermore, the author also presents the topics in a very down-to-earth manner that makes it much easier for the novice to understand the concepts behind his approach. Very well planned and delivered with so many supporting charts. Furthermore, the chapters on hints and tips for two quite complex topics, Elliott Wave and Cycles helps the reader to understand how to adapt his ideas - a feature that I have not seen in other books. Even in the section on Gold in integrating analysis it was refreshing to see how he demonstrated how adapt views as price evolves. I can recommend this for any serious technical analyst.

It is a totally new concept for an author to write about the integration of different analytical techniques, and this book also highlights how to utilise supporting indicators instead of the normal overuse of similar indicators. Furthermore, the author also presents the topics in a very down-to-earth manner that makes it much easier for the novice to understand the concepts behind his approach. Very well planned and delivered with so many supporting charts. Furthermore, the chapters on hints and tips for two quite complex topics, Elliott Wave and Cycles helps the reader to understand how to adapt his ideas - a feature that I have not seen in other books. Even in the section on Gold in integrating analysis it was refreshing to see how he demonstrated how adapt views as price evolves. I can recommend this for any serious technical analyst.

I devoured this book in 4 days with very little difficulty. In this crazy market, I felt I needed some direction in securing my gains. I now approach stock trading with a whole different light and am applying what I learned form this excellent book. I found the Elliott Wave principal a bit hard to utilize right away, as was stated in the book and I am paraphrasing, "one can write a whole book on this subject alone". The best thing about this book is that in a matter of one week, I can converse intelligently with stock brokers, and I actually understand what is being said in the radio stock shows making the experience more enjoyable. The book is put together logically (much appreciated) and the integrated analysis techniques at the end of the book are GOLD! I must have counted about 100 practical market charts of indexes, currencies and others. All around, an excellent book for the SERIOUS BEGINNER, but not the end all, just the beginning. This book is AWESOME! Good job Mr. Copsey.

I have bought the book at a seminar conducted by Ian Copsey. It was the first release of the book and I managed an autographed version. In the book, Ian practically shared his trading strategy with a good description on using different technical measurements for different angles. He used many different types of instruments including circle, RSI, Moving Averages and Elliot Waves.

The book is suitable for entry level technical analysis as Ian has provided a sufficient account on the application of each tool. He also demontrated how all the tools can be intergated into a certain strategy for trading. It is a book worth recommending.

The con for this book is its price. But, I think the author has done a great job in explaining his techniques in a clear manner. Very useful and highly recommended.