Customer Reviews

Stikky Stock Charts: Learn the 8 major chart patterns used by professionals and how to interpret them to trade smart--in

5 star:		(35)
4 star:		(6)
3 star:		(1)
2 star:		(0)
1 star:		(3)

 

 

I was really surprised by this little book. I have read numerous books on technical analysis, but I picked it up because I am always looking for good entry books on the subject for friends who end up asking me about technical analysis. And this is now the one I will recommend. I've learned through reading a lot and through trial and error that the simpler the system the better, and nothing is gained from adding on all kinds of indicators and oscillators. The authors have reached the same conclusion and keep things very simple.

They are clearly relying to some degree, and for good reason, on the work of Andrew Lo, from MIT, who has written very technical, mathematical papers on various chart patterns and found several of them to be valid. They build very nicely from one concept to another with lots of charts to illustrate their points. Don't be throw off by the listing of 200 pages. Due to the size of the pages and the high number of charts, it reads as a much shorter book. But for a first book, I see this as a real positive. They just get right to the point.

Some people never accept the idea that charts might give a glimpse into the behavior of market participants, and that's fine. But for those who are not sure, this is a perfect book to start with. You'll get most of the many principles for drawing trend lines and for recognizing the important patterns, and then you can apply what you learn to charts going forward, and decide for yourself whether reading charts is for you or not. Much better than spending 2x or 3x more for many other books that you'll never get through.

This book is a very easy and fast read and gets to the point, clearly. I found I was on page 100 in less than an hour and I finished 2/3 of the book straight through before deciding to put it down (only because I had to go to bed).

Everything it teaches is fundamental and straightforward, the same introduction information you can find through hours of web searches, but here it is at a very low cost all in one place and all organized and easy to understand.

Of course it's a simple text, no deep analysis on the included material, and only a small amount of key material out of all that's out there in other resources, but the way it's presented, you keep finding new questions in your mind that make you want to go and research further. The book, being simple, doesn't leave you feeling short changed, it leaves you with a confidence as a newcomer to stocks and inspired to learn further.

If you start with this book and are meant to get involved in this stuff, you'll be fully prepared to get started and you'll know what your next steps are after this book - another book with more details on certain things you were introduced to here, or dive right into trading.

The one thing I'll point out that's specific about the text is that it is geared to medium term trades, those occurring over a few months span or longer, as opposed to a few days. They guide you to observe charts that establish patterns through more than a month of chart history, and then make your evaluation. I'm not sure if this can be applied to shorter term trades, but either way it's a good start.

I have 3 other books I bought all at once, I expect to learn everything I can. Being a beginner, I discovered this book by searching Amazon and reading people's reviews to find out what texts I should use to get started. By linking around from people's other recommendations within book reviews, I chose this book along with Toni Turner - Short term trading in the new stock market, Bruce Kamich - How Technical Analysis Works, and John Murphy - Technical Analysis of the Financial Markets.

A terrific introduction to 8 basic trend patterns, coupled with repetitive exercises forcing the reader to figure it out him/herself. A very few times I disagreed with the unnamed authors' solutions -- I think they miss better, stronger patterns. Also the book implies that if you read and work your way through you will be able to go out and trade successfully. I suspect that's not the case.

Excellent presentation and exercises. Cheap. A great buy and well worth the few hours it takes to work completely through. I am a somewhat experienced trader and I learned a lot.

This is the 5th book I have read on the subject of reading stocks charts. This is by far the best for anyone who is not already an expert. I should have read this book first before all the others, because this provides the best foundation I have yet seen. It's simplistic approach is easy to follow, and you can just breeze through the book in just a few hours. It is obvious that the folks who wrote this, have studied how people learn, and have maximized their ability to make it understandable and user-friendly.

This is a great introduction to chart patterns. Many people don't believe chart patterns work, but they do. Learn to recognize channel lines, double top, head and shoulders top and triangle patterns. It's especially fun to then use these to evaluate charts in real life to see how accurate you are.

The one problem with this book is that it doesn't go through the most powerful stock chart patterns like cup with handle, saucer, short stroke, etc. For these charts you will need O'Neils How to make money in Stocks.

When I first opened this book I thought what is this a children's book? It's very easy to read and follow but it is also well organized explaining some very powerful concepts in chart reading. The book explains chart reading in a simple esay to follow manner that even your children could understand. The authour successfully removed the pompous babble that similar books use that tells you nothing useful and instead focused on giving you real world example and excercises.

I didn't really know what to expect from this book when I bought it, and I was blown away. I have read dozens of books on Stock Market Technical Analysis and this is the one I would keep if I had to pick just one. It starts out with the basics and ramps up from there. It was roughly 200 pages of chart patterns. It really taught me to see and understand stock chart patterns. Do yourself a favor and give this book a chance.

A VERY POWERFUL LITTLE BOOK! The book is in workbook form, giving you plenty of exercise to learn how to read charts. Can you imagine being able to forecast where stock prices will go just from reading one chart? I've used my knowledge gained from this book on other stock charts, and the theory works everytime! I can't wait to apply this to my investment strategy!

Yes, it's basic but that is the point. Most people are afraid of reading charts and this explains it in very easy to read charts and simple language. I was very impressed with the ease of use of the book. I have been a trader for many years but this book explained it in very simple terms and great exercises to practice on. I will buy this book for my friends who would like to learn more but are intimidated with the overload of TA information.

Wanted to know how to do some basic analysis on stocks, and this book was great. I reviewed several other books that went into exurtiating detail, which is not what I wanted. After reading this book, I can now quickly identify trend lines, bullish patterns and bear-ish patterns.
It was a simple read and highly recommend it to anyone that needs a quick and simple way to learn the 8 basic stock patterns.