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Book: Technical Analysis for the Trading Professional :: Book
Date: Thursday, 08 January, 2009 :: 21:16
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Technical Analysis for the Trading Professional
List Price: USD $55.00
from USD $29.22
Product Group: book
Manufacturer: McGraw-Hill
Studio: McGraw-Hill
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Editorial Review: Product Description
"There are fifteen major breakthroughs in technical analysis! SEVEN of these breakthroughs are new, never-before-revealed material!" - George Lane, Stochastics Originator. As professional traders approach the 21st century, accelerating technological change threatens to make conventional technical studies and indicators ineffective. To compete in this changing environment, these professionals need radical new uses and combinations of indicators and formulas to keep their competitive edge. Not a primer for the novice, TECHNICAL ANALYSIS FOR THE TRADING PROFESSIONAL resets the scales, arming today's professional trader with new, unique, and never-before-seen formulas and uses of key market indicators and techniques.
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Reviews:
Average Customer Review: 
1 of 1 people found the following review helpful:
Summary: A book that you start as an apprentice and finish as a master
Date: 2008-08-12 - 
Comment: There are books that teach you concepts of technical analysis, but none, except this, that tell you the nuances and how to acquire that razor sharp edge so essential for professional traders. This book touches on several concepts and explains how they can be interpreted / better analysed compared to the lay trader. The description on Elliott waves and how they can be combined with oscillators is perhaps the best analytical discourse on Elliott I have ever read. That single chapter is worth the cost.
However, the book has two negatives. One is the lack of adequate coverage on Gann, purportedly for "reasons of confidentiality", despite Constance claiming it to be her primary method. Second being that of marketing herself. I guess the class of the book itself is sufficient marketing enough and obvious references to her skills only create a jarring effect.
Overall its a book that you start as an apprentice (though a well versed apprentice, since its a book not for the beginners) and finish as a master.
1 of 1 people found the following review helpful:
Summary: Very good advices but no free lunch
Date: 2008-03-10 - 
Comment: In this book you will really find invaluable hints and informations. New uses for RSI, when the author teaches how to put indicators on indicators; indicator reversals(wiht RSI) to sum up with the indicator divergences; how to use oscilattors(RSI in particular) to assess Elliot Wave counts; new methods for price projections with reverse engineering RSI and with Fibonacci(sure!).
Well, I tried to follow the market(real time and past charts) searching for RSI reversals and it really works, most of time. Also, price projection with RSI reverse engineering also works. Just export the prices and RSI from your vendor into an Excel spreadsheet and use the "forecast" formula, with price closes and RSI values. If at that time the correlation between RSI and prices are good(near 1), so the price projection will work(I tried myself many times, with a good rate of success).
The concept that RSI can also be used to detect a trend, opens a new window in how to use this oscillator.
Well, beside that, there are many, let's say, exotic points. The chapter about Gann is almost like a chapter of The Lord of Rings or Harry Poter(well, maybe because I didn't understand it!).
Anyway, even many concepts are not clear offered by the author(composite index and the Gann's methodology, as already commented by a reviewer)the book is worth the money, and you will learn a lot(and earn more) if you read it. But, it is not easy. I suggest you to have a good grasp on the basic indicators and technical analysis before start this journey.
And, take your time to read it. More, many more than once!
Ah! Make sure you have your chart in front of you to practice the ideas and concepts.
1 of 1 people found the following review helpful:
Summary: Complete Waste of Money!!!
Date: 2007-12-12 - 
Comment: This is an absolute horrible book. Like one reviewer already said, The author promises to take you into the promise land, but then tells you that she will not give you her secret formula. The book does not lead you to figure it out for yourself either, it is filled with traditional technical analysis you can get anywhere else.
What is the point of writing yet another T/A book if you don't have anything new to say? One reason, advertise her website!
1 of 2 people found the following review helpful:
Summary: Hard But Worthwhile
Date: 2007-06-18 -
Comment: This is a hard book to read but I think it's from a stream of consciousness that's "in the zone." It's one of probably only a handful of books ever written that can give you a unique insight into the mind of the market. Most people won't get it and never will. Thanks for sharing Connie.
4 of 5 people found the following review helpful:
Summary: Not Worth it
Date: 2006-09-11 - 
Comment: I am an experienced trader and an avid reader of trading books. This book has nothing new to offer since the author doesn't reveal any of her secrets unless you are willing to go to her website and pay $800 to get access to some of her indicators. She spends pages and pages to expalin very simple concepts. Total waiste of money and time.
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