Moving Averages Simplified [Paperback]

Clif Droke (Author)

Book Description

Publication Date: February 15, 2001

For years, application of Moving Averages has helped many market "wizards" make more profitable trades. Now, every trader can gain a broader understanding of this powerful tool and get down to basics with "Moving Averages Simplified." Use the expertise of noted trader Clif Droke to ease all uncertainties, answer all the questions and remove the mystery when applying Moving Averages to your own trading. Learn to trade with single or double moving averages as well as how to use them to identify price cycles and support & resistance levels. Benefit from this step-by-step guide that takes you through every aspect of moving averages - easily.Successful traders know that using Moving Averages can result in more profitable trades -if applied properly. But, what are Moving Averages? When -and how- should they be used? Now, noted trader Clif Droke takes the mystery out of Moving Averages by explaining them in detail, describing how they can be employed to zero in on buy/sell signals that result in more profitable trades- more often. Traders of every level will also discover how to: --Calculate moving averages -including the Simple, Variable, and Exponential --Use moving averages to identify price cycle bottoms --Identify support and resistance levels with moving averages --Spot trend changes with moving averages Supported by numerous examples and charts that help visualize time- tested tips and techniques -you'll soon solve the simple "mystery" behind this incredibly powerful investment tool.

Editorial Reviews

Review

"I cannot recommend this book highly enough ... I give it four stars! Even as a veteran, I learned new techniques..." -- Ed Downs, Creator of OmniTrader, Founder of Nirvana Systems, Inc., Author of "7 Chart Patterns That Consistently Make Money"

Product Details

• Paperback: 129 pages
• Publisher: Marketplace Books (February 15, 2001)
• Language: English
• ISBN-10: 1883272661
• ISBN-13: 978-1883272661
• Product Dimensions: 9.1 x 6 x 0.4 inches
• Shipping Weight: 8.8 ounces (View shipping rates and policies)
• Average Customer Review: 2.7 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #1,068,842 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

21 of 24 people found the following review helpful:

1.0 out of 5 stars Not Worth the Money, November 21, 2001

By 

Eclectic Reader (New York) - See all my reviews

This review is from: Moving Averages Simplified (Paperback)

I'm new to investing/trading and attracted to less esoteric metrics such as moving averages. I though, wow, a whole book devoted to moving averages, this should be great. To my disappointment, this book is really trivial. You won't find any deeper insight here than you'll find in a few pages of a general book on technical indicators. Save your money and put it towards one of the more comprehensive books from Murhpy or others.

7 of 9 people found the following review helpful:

5.0 out of 5 stars A VERY good training book, April 25, 2008

By 

newjourney2006 "newjourney2006" (Silicon Valley) - See all my reviews

Amazon Verified Purchase

This review is from: Moving Averages Simplified (Paperback)

Like so many who retired with an IRA, I too spent the last year seriously learning stock investing. When I first started, a friend loaned me his "Moving Averages Simplified". I started reading then thought, this is to shallow and put it aside.

Now after 12 months and a min of 40 hours per week, reading, taking classes (note: Schwab has the BEST training videos), and learning technical analysis, I realized I made stock investing more complex and difficult then I needed to for a trend trader.

For a trend trader the best indicator for the market is using the S&P500's 50 and 200 moving average. It's that simple! Buy when the 50 crosses over the 200, and Sell when the 50 drops below the 200. And that is what this book is all about. In a very simplified way, this book explains the moving averages which may be the most important market indicator.

When I first tried reading the book, I didn't really have an open mind. I thought trading had to be complex. Recently when I reread this book, it all made sense. I have even reread it once again, to be sure I capture everything. Be sure to read the small side comments, they have very important learning tips! The book looks shallow, but it's not!

I have since dropped my subscription to some of the $$ charting services and now use Yahoo Finance and MSN Money for all my charting needs.

If looking for a book on moving averages, this is a VERY good training book. Good Luck trading.

Note: check out the S&P 500 chart for Dec 10-28 2007. The 50 dropped below the 200. Shorting the S&P with ETF short SDS made a lot of money.

6 of 8 people found the following review helpful:

4.0 out of 5 stars Good review of moving averages, April 18, 2003

By 

J. Foley - See all my reviews
(REAL NAME)   

This review is from: Moving Averages Simplified (Paperback)

For me, the book reminded me of the importance of paying attention to moving averages and changing from the standard 50 dma to others both shorter and longer. Also, the descriptions of price dips below a moving average that just started upwards is worth viewing. Like the prior poster said, he is new to this.