Technical Analysis Explained

by Martin J. Pring

Recommended for professional certification by the Market Technician's Association, this is the Original - and Still Number One - Technical Analysis Answer Book. "Technical Analysis Explained, 4th Edition", is today's best resource for making smarter, more informed investment decisions. This straight-talking guidebook details how individual investors can forecast price movements with the same accuracy as Wall Street's most highly paid professionals, and provides all the information you will need to both understand and implement the time-honored, profit-driven tools of technical analysis.Completely revised and updated for the technologies and trading styles of 21st century markets, it features: technical indicators to predict and profit from regularly occurring market turning points; psychological strategies for intuitively knowing where investors will seek profits - and arriving there first!; and, methods to increase your forecasting accuracy, using today's most advanced trading techniques.Critical acclaim for previous editions include: "One of the best books on technical analysis to come out since Edwards and Magee's classic text in 1948...Belongs on the shelf of every serious trader and technical analyst. " - "Futures". "..."Technical Analysis Explained" [is] widely regarded as the standard work for this generation of chartists." - "Forbes".Traders and investors are creatures of habit who react - and often overreact - in predictable ways to rising or falling stock prices, breaking business news, and cyclical financial reports. Technical analysis is the art of observing how investors have regularly responded to events in the past and using that knowledge to accurately forecast how they will respond in the future. Traders can then take advantage of that knowledge to buy when prices are near their bottoms and sell when prices are close to their highs. Since its original publication in 1980, and through two updated editions, Martin Pring's "Technical Analysis Explained" has showed tens of thousands of investors, including many professionals, how to increase their trading and investing profits by understanding, interpreting, and forecasting movements in markets and individual stocks.Incorporating up-to-the-minute trading tools and technologies with the book's long-successful techniques and strategies, this comprehensively revised fourth edition provides new chapters on: candlesticks and one- and two-bar price reversals, especially valuable for intraday and swing traders; expanded material on momentum - including brand new interpretive techniques from the Directional Movement System and Chaunde Momentum Oscillator to the Relative Momentum Index and the Parabolic; expanded material on volume, with greater emphasis on volume momentum along with new indicators such as the Demand Index and Chaikin Money Flow; relative strength, an increasingly important and until now underappreciated arm of technical analysis; application of technical analysis to contrary opinion theory, expanding the book's coverage of the psychological aspects of trading and investing. Technical analysis is a tool, nothing more, yet few tools carry its potential for dramatically increasing a user's trading success and long-term wealth. Let Martin Pring's landmark "Technical Analysis Explained" provide you with a step-by-step program for incorporating technical analysis into your overall trading strategy and increasing your predictive accuracy and potential profit with every trade you make.

Genres: Finance, Nonfiction, Business, Economics, Money, Reference, Technical

560 pages, ebook

First published May 1, 1985

Reviews

[Williamprasetyo · Rating 4 out of 5]

A very good book if you read it carefully . Try to understand every charts, methods , candlesticks . But there's no 100% success in trading , cause it's depend on our psychology .

[Murilo Forte · Rating 5 out of 5]

The bigger the base, the further they can race! Or the greater the top, the more they’ll drop!

[Mira · Rating 4 out of 5]

refer to this book when/if you want to do swing trading

[Ina]

This is a must for us stock brokers to get hold of. Probably one of the most precise books about Technical Analysis-Stock Trading. If you are heavily into stock trading and would like to understand and dig deeper into the different price movements and fluctuations, this is the right book for you. The book is “purely technical” though. If you don’t have a background on stock trading and a bit too busy to read, Citiseconline also offers INTENSIVE and SIMPLE technical analysis seminars handled by Juan Barredo that would make it easier for you to understand.

[John Boettcher · Rating 2 out of 5]

Everything in the book works for trading. Except when it doesn't. Pretty much the same for every technical analysis book out there. They pick those charts that work with their system and leave the millions of different circumstances out there that DON'T fit the book OUT of the book. Read with a large grain of salt!

[Michael Atkinson · Rating 2 out of 5]

One of the Big 3 tomes on technical analysis. Drove me up a wall because Pring likes to use big words unnecessarily. bleh.

[BlackForex · Rating 5 out of 5]

This book was impression to me since many years ago during my novice period as a stock trader. It's provide depth enough explanation of the real technical analysis. The practical of many examples inside the book are useful in the real world trading.

However, the new technical analysis tool already introduce for the modern derivative product. So, let's use this book as an excellent starter kit before you jump to the top.

[Peter Ovesen · Rating 2 out of 5]

I'm torn. On one side this book has many good tidbits and interesting takes, especially on trading psychology, but on the other it is just overall very poorly organized and longwinded. Elements that clearly fit in one chapter appear in other places out of context and the exact same insights are repeated across most chapters with little added value to the reader.

It has a lot of potential but it felt like the book could be done in 200 pages if a little more structure was applied.

[Joan Roig · Rating 4 out of 5]

Very extensive study on Technical anaylisis. It should be used as a guide (as a means of consultation), more than just reading it once.
Actually there is much content which I do not even use in my method of investing. However, I found very interesting details and explanations. Some chapters I might reread in the future.

[Rajesh Kuppuswamy · Rating 4 out of 5]

Great ideas and thoughts. Could have explained/written in a simpler fashion

[Jacob Li · Rating 5 out of 5]

After much research, this is the first technical analysis books I read on stock analysis. It covers almost everything you need to know about the market from the big picture to specific technical points such as drawing trendlines, support/resistance, indicators and candlestick patterns. These are all useful tools that you can use to set up a trading strategy to make a trade. I have definitely learned a lot of knowledge from it, including the technical proof behind common indictors like EMA.

One caveat I have about this book is that the examples stopped at the 2012 market which may not reflect how market is right now. Some indicators that are shared may not be useful anymore. That being said, it is a good reference point to learn the basics. I believe the most important lessons lies in the epilogue where it gives a overarching picture of the mindset a person need to be a trader in the stock market.

[Ethan Lambert · Rating 5 out of 5]

It's a fantastic all round book for Technical Analysis.
He covers all topics.
Uses charts to explain price action.
Not a boring read unlike most books on TA.
For amateurs interested in Learning TA, read this book first to have an overall idea about this subject.
For those who think TA is quackery avoid it.

[whiteboyblunts · Rating 5 out of 5]

my girlfriend broke up with me the other day, whenever i have had the emotional stability i’ve just been CRANKING this bad boy out.

martin, when you wrote this book i doubt you had ever considered the possibility that this work would be used as an escape- a way to forget if you will- but sir, you have succeeded. thank you martin.

would recommend.

[Jordan Mcculloch · Rating 2 out of 5]

I have about a 20% understanding of the topic. Above my ability to understand and determine useful information. I think a better understanding of technicals and trends as well as bonds and interest rate knowledge, will benefit me if I decide to read again in the future.

[Andrew Smith · Rating 5 out of 5]

Very nice book on Technical Analysis. But am tired of retail strategy, I Use Smart Money Concept or The ICT trading system.
https://rosabooks.gumroad.com/l/Smart...

https://rosabooks.gumroad.com/l/ICTSt...

[Herry · Rating 5 out of 5]

One of the bests!

[Sangam Agarwal · Rating 3 out of 5]

outstanding book for beginner

[Tito Shella]

This is the best book on technical analysis by far. I liked how it was written using the simplest of language. The concepts and theories were succinctly explained.

[Sikandar Khan · Rating 4 out of 5]

Lots of information packed into a single book. Mostly recommended for someone who already has a trading background.

[Mohammad Sh]

It's better than Technical Analysis of the Financial Markets from john Murphy and goes far deeper than Murphy in explaining key concept

[Kenny · Rating 4 out of 5]

Pinpointing concepts on charts was sometimes difficult due to unclear references and awkward ordering.

[Reader · Rating 5 out of 5]

Amazing book, will keep it on my work desk for reference for the rest of my financial career.

[tamer · Rating 5 out of 5]

A must read to understand technical analysis. If you want to become a trader on your own this is the first step. Money well spent.

[Corinne · Rating 5 out of 5]

Great introduction to technical analysis with good analogies and practical tips.

[Adib Prawirahutama · Rating 5 out of 5]

Complete technical analysis explained.

[Poonam · Rating 3 out of 5]

Not for beginneers.

[Es · Rating 4 out of 5]

Treat this as a glossary of tools. Good for experienced traders learning to read graphs and formulating their own strategies. For a more spoon fed approach, read How To Make Money In Stocks.

[Adam Falkenberg · Rating 4 out of 5]

Very comprehensive and dry.

[Stephanie · Rating 2 out of 5]

One of the first books i read on technical analysis. I do not think the principles in this book can be used for short-term trading anymore, but its a good introduction to understanding some basic price action setups. It's too long, you don't need to read the whole thing.

[Ranjeet]

this is book to know about techincal analysis