First off, ignore the reviews written by those people who are trashing this book due to it's simplicity. Secondly, and with that being said, my opinion is this: Yes, this book is written in a very simple style and that's the way it's supposed to be.
Stikky Stock Charts is the first book I'd ever read about trading and it helped me to become familiar with the basic structure of the markets. By the way, it was recommended to me by a trader who made his first million dollars CASH out of the markets by age 22. After having given this book a read and asking the guy if it were really of any value, what he told me was that if I wanted to trade successfully, Stikky Charts was really all I needed in terms of Technical Analysis. I didn't quite believing him, so I went on my own quest and studied indicators, geometric chart patterns, fundamental data, etc. I became frustrated because it was as if nothing worked. Then, I finally developed a method that was consistently profitable and 85-90% accurate. When I finally start making money in the markets, guess what it was that was making money for me consistently? The basic techniques discussed in this book. You see, I'd looked all around the world for a working method but the one that I developed was already taught in this simple book!
That being said, here's the only few things you need to know about reading charts: Support & Resistance/Trading Ranges, Trend Lines, Trend Channels, overall market context and maybe a couple of more things. But, nevertheless, if you know those things (which this book teaches), the possibility of earning a lot of money is high. Truth be told, I day trade crude oil futures and it's not unusual for me to take 30+ points out of the market per day trading these simple price action tools.
Conclusion: If you wanna make money, the simple concepts discussed in this book is really useful. If you wanna talk a good game and sound like an "analyst," then go ahead and learn about MACD, oscillators, RSI and the millions of other useless crap.
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Top reviews from the United States
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Reviewed in the United States on September 10, 2015
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Reviewed in the United States on January 26, 2016
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Reviewed in the United States on September 3, 2012
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Reviewed in the United States on September 17, 2008
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Reviewed in the United States on February 8, 2016
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Top reviews from other countries
P. Wood
Superb
Reviewed in the United Kingdom on August 30, 2009Verified Purchase
Rosso
Simple, efficace, en somme comme les tables de multiplication, indispensable
Reviewed in France on August 3, 2014Verified Purchase
