Customer Reviews

Support & Resistance Simplified

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

 

 

When I bought this book, I expected to learn how to draw supports & resistances, and hopefully it'll include trenlines & channels.

I didn't get to learn that. There is also a basic tenet of this book that i cannot agree with. It tells readers that supports & resistances are not functions of supply and demand. It may not be in the economic terms but my view is that S&R are the results of supply and demand of the stock at the given prices.

What you'll find in this book are the basic definations for S&R, plus some explainations. You'll get the same for channels, gaps and the various triangle chart patterns. Swing trading is briefly touched upon, as well the dow theory.

I dont find this book telling me much about S&R that I don't already know. It is not a book for advanced traders. I don't think it is useful for beginners as well, any book that talks about technical analysis in general should be able to provide better details and explainations on everything this book touched on.

Support and Resistance is perhaps the greatest contribution, and most widely held concept in technical analysis, and has since become an invaluable method for technical trader and investor alike...As founder and president of the nations most recognized research and education facility for traders, MarketWise Trading School's core curriculum and analysis begins with a thorough understanding of Support and Resistance...This excellent primer explains these dynamics and the proper use of S&R using today's technology"

So informative yet so simplified, It is easy to follow and also pleasing to read.

It discusses support and resistance and chart patterns. It is book that you

Can read over and over again.