Customer Reviews

12 Simple Technical Indicators that Really Work Course Book with DVD (Trade Secrets (Marketplace Books))

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

 

 

The Title clarifies this isn't a Textbook, yet Mark shows 12 simple technical Indicators "that really do work", superlatively. If you need an education on technical analysis, you have a few months of learning to go till you appreciate this book and his backtesting insights. Mark is a master teacher, I've read his book and watched the video, and he helped me understand "tweaking indicators and oscilators".
The best contribution Mark made was how he set-up his analysis platform. His system is fast, efficient, inexpensive and I think admirable!

Mark's vast insight about the market, what make it tick's and how to take advantage of any trend, i.e. bull, bear or sideways, makes this book a necessity for any investor. Mark takes his experience and chunks down the essentials for technical investing. He goes over the critical technicals like crossing moving averages and applies a few less known indicators to develop a system, which if followed, will give the investor a definite advantage in today's market. This book combined with The Encyclopedia Of Technical Market Indicators, Second Edition make a powerful duo.

The title of the book and the information on the covers make your mouth water over the prospect of truly learning something of value. WRONG, WRONG, WRONG!!! There was little of value in this insult to my intelligence. For example, 3 of the indicators are part of Worden's TC-2000; they are proprietary and were useless unless you have TC-2000. Even so, the values to be input to the indicators were not discussed. He devoted a whole chapter (4 pages) to "...one of my ultimate favorite indicators", Inertia. There is no clue as to what Inertia is. It is not listed in the indicator list of TC-2000. He says "...it is used to measure the momentum of a stock based upon its volatility". Another indicator discussed is the Relative Strength Indicator-Time Segmented Volume (RSI-TSV) indicator. Again 4 pages in the chapter. There are no clues as how to construct this indicator and TSV is a TC-2000 proprietary indicator. In Chapter 10, "Stock Scans with Six Important Indicators", the author points out that Bullish and Bearish scans are good. He gives 2 examples of stocks that really took off after finding them with his undisclosed scans. No further information is given on the scans except to say that, "In the bullish and bearish scans that I have covered in this chapter, I had at least six different technical ingredients--certain things that were happening to the stock within certain times frames. You may eventually develop your own ingredients that work better for you, after studying a particular stock long enough and finding the parameters that are making a difference." In other words, do it yourself. This was another 5 page chapter with no useful information. One of his last chapters (2 pages) is titled, "Three Investment Strategies That Work in Any Market". They are: "Buy a stock when that stock is going up." "Short a stock when that stock is going down." "If you are trading an option, either buy the call or buy the put." Boy, What wisdom! This book is totally useless. I wish that I could give it a negative star rating.

This was basically a book of definitions with few examples or applications. I thought that "Short-term Trading in the new stock market by Toni Turner was a superior book covering the same subjects.

Very shallow book, not a single explination as to what are those technical indicators, not a single descriptive paragraph telling you what they are, the impact of each one, and how to implement them in your trading.

this is not a book, it should be called or used as a pamphlet, it looks like a book but its not.

Hardly you can find 99 pages in this book, the author referes to names like he has consulted Dr. Maichael from Canada, whose Dr. Maichael??? and why i should take his openion?

Proprietry indicators was mentioned you can not find them in neither metastock or TS unless you use TC2 charts.

I was not satisfied with this book at all