Product Description
Chart Your Way to Profits shows you how to harness the technology available on www.prophet.com to analyze markets and make informed trading decisions. It discusses the fundamentals of technical analysis and shows you how to design your own charts and indicators in a way that enables you to easily monitor the markets and make solid trading decisions.
Chart Your Way To Profits: The Online Trader’s Guide to Technical Analysis
14 Jun
3:22 am on June 14th, 2010
I found out about Tim Knight’s new book, “Chart Your Way To Profits: The Online Trader’s Guide to Technical Analysis”, from reading his blog (which by the way REALLY ROCKS). And, boy am I glad I found this book. It would not have appeared on my standard Amazon lists, so I figure this is fortune (i.e., $$$$) calling.
I’ve skimmed the book, and found lots of topics of interest. As an INVESTools student, I have already been using the new ProphetCharts charting software for about 3 months. I thought I knew how to use it. I’m finding features of the software I didn’t know existed (I won’t bore you with my lack of knowledge, get the book and see for yourself).
And I’m already getting a feel for how a professional trader uses charts. This is the real reason I got the book. Reading Tim’s blog every day, he includes a LOT of relevant charts, but little reasoning about “why he created the chart the way he did”. Reading his book is becoming a desk reference, helping me to understand why he created the chart the way he did, which is also helping me create my charts.
This is a must-have book for any INVESTools student, ar any investing student that wants to start “playing like the big boys”. It is an easy reading book, filled with examples and ideas. There is even a little humor, which makes remembering the concepts easier. I’m going to read this an hour every night, but not before bed (it would keep me up, and make me want to go to the computer and try some of the charting techniques on some of my current trades).
Rating: 5 / 5
7:16 am on June 14th, 2010
I’m an active sell-side options trader and came across this book almost by accident. It is very well written and filled with lots of current examples of the most common and reliable chart patterns. I have no connection to the author or company, but I have a retail account at Thinkorswim and find the Prophet charts excellent, even as a more advanced trader.
The book should be required reading for anyone that uses Prophet charts, as the book lists lots of suggested settings which are only relevant if you use the product. Specifics aside, it is still an excellent book and much easier to read than most of the other ones out there, charting can be a very dry but important subject to study, this book is highly recommended for the beginning and intermediate technical trader.
Good stuff.
Rating: 5 / 5
6:48 am on June 15th, 2010
This blog is great. How did you come up witht he idea