Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications

It has been described in many reviews as 'The Bible' - but this description doesn't do it justice! This is a book for traders of all levels who aspire to improve and master an art which for many is shrouded in mystery. The art of charting and trading / investing is taken step by step, and simplified, resulting is an opportunity for the reader to review, test and combine the tools to aid the one thing so many (myself included) overlooked with frustrating regularity - the trend. The explanation of trends, one might think, should be obvious and not worth reading. Not true! The trend being found in five or ten year charts was new to me and but for Mr Murphy, I would never have looked at that length of time. The only slight awkwardness about the book I found was in the descriptions of triangles and wedges. These are very much subject to individual interpretation. I think Murphy does as good a job as possible, even on this 'rough around the edges' subject and to some, this may be perfectly obvious. The test there comes in applying the triangle / wedge theory to your own charts. To me, this is a little awkward. Each indicator is given a good review and explanation and again, some of these I had been reading incorrectly due to lack of knowledge. I am currently around 60% of the way through the book and will complete this review at the end. Just on the first half though, well worth the money. I have already found myself going back and reviewing some items. It is well written, never boring and nicely set out. The information is concise and unlabored. Each indicator can be reviewed in half an hour or so quite easily, so it is easy to refresh as you go. Well done Mr Murphy. An excellent read.

This is a book I keep going back to, full of advice

Very well written and easy to read/absorb, great source of information and knowledge that applies to all the markets. In short, this is a solid buy for anyone looking to advance their understanding of technical analysis. I recommend digesting at least one chapter a day, then when finished, go back to the start and read it again. Keep doing that and you'll definitely have an advantage over people who are 'winging it'. All in all, zero regrets in buying it and consider it a solid investment.

Having recently received this book, I read only a half dozen chapters. I would've purchased new had it been available, and that way would've avoided all the biro marks made by a previous owner, throughout the text of the first three chapters. I never write in books in pen, let alone badly underline almost all words, This doesn't detract too badly from the good content (I've flitted about a little), and there's a lot of it. I look forward to cracking on with the rest of the book.

Amazing. Written in very clear and simple language, the author has a knack for explaining things in a very easy to understand way. I bought the paperback because it would have been really unproductive using the ebook version. Thoroughly recommend! Even for beginners.

This book is always at my bedside, i read it before going to bed and after waking up.. of all the books i have been through this one trully explains the essence of the technical analysis applicable to most financial markets. The chapters cover every detail of all the questions i had, it is written in an amazingly easy to understand manner, there is a good section about top-down market analysis for equities and decent explanation about the links between bonds, commodities , stocks, to wrap it up, anyone who is a beginner like me, should look no further, this is THE BOOK!!

If you are interested in the basics of technical analysis on any market this is the book.

A must have book for all Traders and Investors

Un must per chi è interessato alla analisi tecnica

Se eu disser que não creio em nada que AT diz você deve chegar a uma dessas conclusões :porque levar a sério a crítica de um livro justamente se ela partiu de uma pessoa que não crê no assunto?Se ele não acredita em AT porque comprou este livro. Respondo , apesar de militar no mercado por mais de 30 anos , em várias instituições e em diversos mercados , continuo aprendendo.Não deixo que nenhum livro me escape , principalmente sobre psicologia do trader , visto que desde o ano passado tenho vivido ( ao menos tentado) só de day trade com minha própria conta.Li muito sobre Análise Técnica , lia os boletins que Didi Aguiar e Márcio Noronha mandavam pras mesas de bancos e corretoras , livros em português ,três sobre candlesticks , " Japanese" , "Chart Patterns" , Explained" do Pring ( depois descobri que tem em português no site do Márcio Noronha) e jamais consegui entender como alguém enxerga padrão no gráfico , mas sei que pouquíssimas pessoas conseguem , admiro , mas ainda não consegui. Devido ao que está escrito acima é que considero o livro do Murphy o melhor deles , o autor foi o primeiro a admitir a dificuldade e a limitação da AT para os mercados futuros.Uma vez que os Futuros convergem com o ativo objeto ao passar do tempo não cabe admitir que 98200 pontos do índice Futuro Abril tenha o mesmo valor após um dia , após uma semana então... Murphy também me pareceu ( falo como pequeno conhecedor) o mais didático dos autores que li , ainda percebi que a escrita leve e , sobretudo , despretensiosa me deixou mais confortável do que autores que falam sobre " probabilidades com " certeza".O livro ainda conta com uma parte sobre manejo de risco bem interessante e a respeito dos diversos indicadores , Murphy , ao meu ver , foi bem mais didático que seus " concorrentes" , e isso me permitiu ver a que devo dar mais a tenção . Ótimo livro mesmo pra quem levanta dúvidas sobre a eficiência da AT. Recomendo mesmo sendo partidário da Tendência , minha técnica consiste em seguir quem "manda" e não discutir.

I know what you're thinking. Is it worth it? Can I do it? Should I buy it? My opinion: Yes. Not FA, DYOR lol (PS don't blame me if you buy now and later the price of the book dipped.)

It is entirely possible to spend more time reading trading books than doing any actual trading. This is one of the few books that will remain on my bookshelf and I highly recommend it FOR WHAT IT IS INTENDED - an excellent reference on technical analysis (TA). What I was looking for was something to provide clear, concise descriptions on various technical indicators across all types - trend analysis, price patterns, candles, oscillators, etc. And Murphy not only does this well, but his work provides enough information that I do not see the need for another book on TA on my bookshelf, even though I know that other very good books are available (e.g. Pring). But this one is enough for me. It is well organized and indexed so that I can rapidly look up something while I am setting up trades and get the basic info that I need. One surprise was how well written the book was and how much I enjoyed reading it. I expected a dry reference book but instead found an excellent and engaging read, perhaps with the exception of the chapter on point and figure which was not up to the rest of the book. (If you are completely new to TA, you might find it less entertaining, but in comparison to the dry tome that I expected when the monster-sized book arrived, Murphy is remarkable in his ability to convert most TA topics and examples into 'normal' English.) He also is not a proponent or zealot about any one indicator type, which I appreciate. He does a good job of describing each within the context of its value without trying to convert anyone to any specific indicator. As I do not believe in magic bullets in trading, I appreciate his straightforward approach. Let me also note what this book is NOT so that you do not buy it for the wrong reasons: a) As you should gather from the above, this is not a trading system. Murphy will not tell you which indicators to use most or in which combinations to produce the best results. He will provide insight into many indicators and classes of indicators but he is NOT trying to convince you to use any specific indicator in any specific way. So he doesn't try to convince you of WHAT to use, just helps you understand WHEN, WHY and HOW each indicator type is used by various traders. b) Also, this is NOT intended to be the complete, in depth statement on any of the topics covered. For example, his section on Candlestick formations is simple, clear and includes many examples, but it is undoubtedly not the same as picking up Nison's works on Candlesticks. Similarly, you can find many books dedicated to Elliot Waves, Fibonaccis and other topics. Murphy provides the basics, but do not expect as thorough an explanation or justification as a dedicated book would provide. Then again, expect a dedicated book to try and convince you why its particular system or method is so much better than any other, something that Murphey will not try to do to you! c) Finally, this book is NOT intended to convert people who do not accept TA into believers. Frankly, it is much easier to get most people to accept that `fundamental analysis' affects a stock's value and price, but it is harder for most to understand and accept that simply analyzing the stock's price and related indicators can predict future moves. Murphy's opening chapters include some simple basic background on TA, but verbal explanations have limited value in convincing a pure `fundamentalist' that properly used technical analysis works. The only way to break down this barrier, IMO, is simply to learn and use various indicators for a while to begin seeing how predictive they can be. Murphy does not try to convert - he simply provides a learning reference. From there, anyone using TA needs to practice to become proficient. So, in summary, I highly recommend buying this book for what it is intended to be - a reference book on technical analysis. It does this job excellently.

Hiç beğenmedim çok eski bir yapım ve yeni başlayanlar için. Hiç işime yaramadı 3500 lira ödedim çok sinirliyim bu kitaptaki bilgilerden fazlasını kendi başıma para ödemeden bulabiliyorum. kitaptan çok umutluydum hayal kırıklığına uğradım.