Technical Analysis and Chart Interpretations: A Comprehensive Guide to Understanding Established Trading Tactics for Ultimate Profit (Wiley Trading)

As all Ed's other books and dvd's this book is at the top of my list. I must say it is the first time I truly understand my charts better. Ed has a way of explaining something so complex as markets in such a way that a ordinary woman as myself can understand it. When I open the book the poetry at the start kept my attention till the last word at page 362. Everything one needs to learn in the markets is in this book. Thank you.

Covers technical analysis in a simple language to understand, and provides “nuggets” of wisdom from years of trading experience and cautions not to fall in to over analysis of any trade . Ed also covers major psychological tendencies of markets and traders. I highly recommend this book for those who wants to be successful traders.

If you're a technical trader, then you need to read this book and compare it to the Edwards and Magee book Technical Analysis of Stock Trends. Where Edwards and Magee tell you what to look for, Ponsi tells you "why", and that's a huge difference.

This 368-page paperback provides wide-ranging coverage of the most popular technical analysis and charting tools joining a multitude of similar books on the subject. The author provides a general overview of the subject matter that he divides into 29 digestible chapters with a few brief paragraphs of final thoughts on each chapter’s contents. The basics are well-covered in each chapter. Examples are provided on how to use the indicators to make profitable trades.Ponsi starts off with the reasons to use technical analysis; the terminology used in the field, and of course, the eternal Dow Theory. He then goes into the standard chart types with a discussion of support and resistance, trend lines, volume and gaps. In the remaining chapters, the most well-known technical tools are explained with chart examples, including the often neglected, but important, point-and-figure charts (P&F), and various sentiment indicators. The majority of the simply constructed chart examples use bar charts with high-low and close prices. And the chapters on P&F charts and candlesticks use those specific chart types.The chapter on P&F charts could have been improved using better looking charts from stockcharts.com. The current charts are odd looking and could have been shown much longer time periods with trend lines and other commentary printed on the chart. Surprisingly, there was no mention of relative strength P&F charts which are a valuable addition to the plain vanilla charts. Also, bullish percent charts using P&F charts was not mentioned. This is a common tool used by traders to gauge the health of the major indexes, for example.The chapter on Fibonacci Trading Techniques covers the various elements of Fibonacci number sequence, cycles, retracements, and extensions. Most of the other chapters provide a decent review of the chapter’s topic, but there is no advanced discussion provided, very limited trading tips, and no bibliography of recommended books for those who want to go further, except for mentioning Jeremy du Plessis’ book The Definitive Guide to Point and Figure.The author’s writing style is easy-to-understand, lively and personal, and his explanations of the tools and charting examples are clear. In summary, this well-written book is logically organized and follows a commonsense progression from chapter to chapter. I found that the charts and graphics clearly illustrate his key points, but more use could have been made of candlestick chart examples which have become popular in recent years.In my view, this book is best suited for individuals who have very limited or no knowledge of technical analysis basics. A much more in-depth discussion of most of the tools and charts would have been helpful to readers who were looking for advanced material. It is really an overview of the subject matter written for beginners. More advanced material on the broad subject matter can be found in other Wiley books and other publishers written by Thomas N. Bulkowski, Thomas J. Dorsey, Charles D. Kirpatrick II, Gregory L. Morris, Stephen W. Bigalow, Steve Nison, and John J. Murphy.