Customer Reviews:
 Not as Great as Expected April 15, 2008
1 out of 1 found this review helpful
The good: Dow Theory, Major Reversal Patterns, Continuation
Patterns, Basic Concepts of a trend are problably the good
part of this book.
The bad: The section(s) on indicators and oscillators was
too brief for any reader to learn enough to trade.
I nearly wanted
to put this book aside when I started reading the part on
indicators and oscillators.
Quite a thick book with large wordings which I desire.
Have not finished yet. Being a thick book, there's bound to be something you find useful.
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 The starting point for Technical Analysis... March 31, 2008
1 out of 1 found this review helpful
I think this book should be the first book any aspiring technical analyst ever reads on the subject. The author covers the material in a good manner, sometimes too good, because he repeats himself and covers the same idea over and over again. Which is not necessarily bad, because repetition will cause you to remember the material. The book is written in a very easy to read format, it doesn't feel overly technical, which is weird for a technical book???
I know there are many that do not believe technical analysis is valid. They say it is based on what happened already and that it cannot predict the future. They say it is not 100% accurate. Well neither is the weatherman on my news channel each night. He bases his analysis on data that has already happened, and he is not 100% accurate either. All I know is I have used technical analysis and I have made lots of money with it. So I am a believer.
This book covers chart patterns, trends, oscillators, etc. The author explains them in detail, along with how they are generated, and how to use them for trading. None of them are 100% accurate to predict what is going to happen tomorrow. But thats ok because trading is a game of probabilities. You only need a slight probabilistic edge, along with good money management, risk control, and an unwavering trading plan to be very profitable.
Learn the basics from this book so you feel comfortable when you encounter them. Understand what they are telling you. Then you can start to formulate your edge and start trading your system.
How to build a trading system March 22, 2008
2 out of 2 found this review helpful
I am a newbie to technical analysis. Mr. Murphy's book explained a lot of the concepts in a way that I believe I can build a trading system that will make me more money than the "buy-and-hold" approach so much advocated by the popular media. I highly recommend it to newbies like me and even some intermediate folks.
 A Classical Book !! March 7, 2008
A classic book, which simply contain all about technical analysis in a very simplified and glass-clear way. Read, analyse the charts and go!
I have been advised to read the book for a thorough informations about technical analysis and I found it right there. All of it!
Good book, bad binding February 29, 2008
0 out of 1 found this review helpful
This book is great for all the reasons everyone else listed; however, my complaint is that I bought the book brand-new, and the binding is really cheap, so it's already falling apart after few uses. If you're paying more than $50 for a book, it ought to be made better!
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