Customer Reviews

Technical Charting for Profits

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

 

 

First of all, the writing style. Larson's writing style is easy to follow, but the book itself is badly edited, with lots of padding. For example, we learn on P.69 about the 25 day DMA and two pages later the 200 DMA is presented. I had hoped for a better discussion of TC2000's proprietary indicators, MS, TSV and BOP, but the book presents a rehash of the documentation supplied with the software.

More important is the book's target audience. Don't even bother buying this book uless you intend to use Worden's TC2000 charting software. All discussions, indicators and charts are explained using this software as reference. On the other hand, if you have this software, you presumably already have a good understanding of the standard and proprietary indicators supplied with the package, and don't need lengthy tutorials on moving averages and relative strength. In this respect, the book's audience is unclear.

For me, what the book missed was material for the advanced TC2000 user, such as using the software's scanning and programming language capabilities. I assume that Larson himself is an advanced TC2000 user, it would have been nice if he had included some trading strategies making use of the software's advanced capabilities.
Sadly, all this is missing.

THIS IS ONE OF THE BEST OPTION BOOKS I HAVE EVER READ.IT TOTALLY CLEARED UP MY CONFUSION WITH INFORMATION OVERLOAD.IT WAS VERY HELPFUL TO READ MARKS THOUGHT PROCESSES BEHIND THE TRADE AS WELL AS TO LOOK AT THE CHARTS WITH HIS IDENTIFIED TECHNICALS.HIS DETAILED DESCRIPTIONS ENABLED ME TO SEE WHAT I WAS DOING WRONG.THIS BOOK TOTALLY INCREASED MY CONFIDENCE LEVEL IN TRADING OPTIONS AS WELL AS THE PROFITS I HAVE MADE SEVERAL MONTHS IN A ROW SELLING NAKED PUTS ON ABAX , WEBX AND SBUX. THANKS LARSON!!!! MARY

I thought this was a great book on fundementals even though a lot of technical indicators are available from different sources. The bad reviews listed here must have not read the book or had a hidden agenda to trash Mark for some reason. It is hard to understand why. Mark is very successful and spends most of his waking hours helping others learn to be self-sufficient traders.

Mark Larson's book on technical charting has been one that I reference frequently while preparing and researching my trades. It is one of the top books in my trading arsenal.

I've respected his work enough to attend several of his seminars as well as receive one on one trading help with Mark on a monthly basis.

His style is straight forward and well intentioned. Knowing and trading with Mark has been an absolute pleasure.

As any trader knows, trading carries risk. The greatest risk is the trade that is improperly researched or simply gone on the word of another without accepting personal responsibility for the decision to place your money on the line. Education is the key to success and I think this book is a great investment towards your trading education.

A very helpful insight into some of the most commonly used technical indicators for market and individual security price trends. The book offers good explanation of what each indicator is designed to measure and how some of the indicators are used together. Concise, easy to understand and apply---a good resource for anyone investing in paper assests.

As a member of Mr. Larson's Monthly CD club, I can candidly say that I've learned more about using technicals to trade options than from any other source. In his recent monthly conference call dubbed "Stock Talk" Mark mentioned Nucor (NUE) as a bullish stock/option play. The stock was in the $95 territory and in less than two weeks time Nucor has rallied above the $100 mark to trade at a fresh new high. Another illustration dating back to early last Fall was when MSO closed below it's 30 day SMA. Mr. Larson adroitly pointed out that a major point of support had been broken (beginning w/ closes on higher volume below MSO's 10 & 20 day EMA) and that the stock was poised to "drop like a rock." Strictly for educational purposes, the MSO puts were highlighted and ended up appreciating substantially as Martha Stewart Omnimedia's stock plunged from the $29 area to the low twenties in a matter of weeks. (And those were only 2 examples of Mr. Larson's trading acumen!) I highly recommend reading Mark's educational materials.

Well worth the price and the read. Very technical and precise. You'll need to read it at least twice but the rewards are astronomical: you'll actually begin to understand how to invest with knowledge (not fear) in the game of the stock market.

This is a good introduction to technical analysis of stocks. It is best used in conjunction with the Telechart 2000 software and data.

If you subscribe to Telechart or are thinking of using their software, this is a great place to start since the author gives you the formulas of TC2000 to do technical analysis.

There are more than 140 popular chart pattern. I returned this book becuase whatever he mentioned is freely available on websites. I do not want to publicize any website. But do a search in Google for 'Stock Chart or Technical indicator' and you will get better explanation and tips than what is in this book.
I can not believe people go to seminar to hear this guy. The GOLDEN RULE... If the system works then may be start a hedge fund.. If it does not then write a book...hold seminar...

Mark has written & spoken of his years of successful trading to thousands across the United States & other countries. I have known him for several years & consider him a sincere giver who is willing to help anyone who is interested in improving their investment skills.
Mark not only can talk the talk BUT he truly can walk the walk. He is proud to display his investment portfolio & does so in many of his investment classes. May God continue to Bless Mark & his family.