Technical Analysis for the Trading Professional By: Constance M. Brown
First off, this book isn’t a “how to trade,” or a description of how one indicator can make you rich. Trading is fluid and plastic because the markets are centered on imperfect machines, humans. If we only focus on one indicator, for example Macd, then we wouldn’t be trading nor would we be properly prepared to trade. The topics covered in this book are: oscillators, trading cycles, trend lines, price projections, Gann studies, Elliot Waves, and composite index. A majority of the book is dedicated to how one indicator works with another indicator, especially how oscillators work to show Elliot Wave patterns.
The reader should keep in mind the Constance Brown is a deep believer in Elliot Waves (as can be seen in the author’s other book), therefore, she holds the belief that there is order in a random chaotic world. This book is very useful because it stresse
s the complexity of the markets. She shows how trends are revealed through the application of multiple indicators. Applying multiple indicators will show the trader where a trend continues instead of ending. Someone who is new to trading will struggle to understand the content and message of this book.
s the complexity of the markets. She shows how trends are revealed through the application of multiple indicators. Applying multiple indicators will show the trader where a trend continues instead of ending. Someone who is new to trading will struggle to understand the content and message of this book.
This is not an introductory book. This is the type of book that you have to read once let it grow in your mind then revisit it. A reader of this book will have spent some time trading and will be familiar with most indicators. This person might also be frustrated with their trading and looking for new insights in trading. New insights will be given; however, answers may still remain aloft.
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