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Support & Resistance Simplified (Simplified Series Book 7), by Michael C. Thomsett
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Support and Resistance. It's one of the most basic - and most important - elements of technical trading. Why? Because it eliminates most of the "guesswork" and allows you to make logical, well-supported trading decisions, rather than impulsive, emotion-driven choices.
Now, discover how to apply the true power of this key concept to your own trading program with Support & Resistance Simplified. This easy-reading primer is the first work in decades devoted solely to "S&R". From basic to complex strategies, every nuance and vital new application is explained in easy-to-follow terms. Trendlines, Channels, Chart Patterns, and more - are covered. Plus, find critical insights into…
- What it is
- How it's traditionally used to enhance trading success
- How it applies to Swing Trading - and other popular strategies
- How new technology has made it even more effective for pinpointing entry/exit points with amazing precision
- And - how it can keep you on the winning side of the market
Active traders, market enthusiasts and occasional investors alike enjoy a real market edge using S&R. Now - put it to work for you - with the simplified techniques found in Support & Resistance Simplified.
- Sales Rank: #1043160 in eBooks
- Published on: 2011-10-07
- Released on: 2011-10-07
- Format: Kindle eBook
Most helpful customer reviews
47 of 51 people found the following review helpful.
Not What I Expected
By bok
When I bought this book, I expected to learn how to draw supports & resistances, and hopefully it'll include trenlines & channels.
I didn't get to learn that. There is also a basic tenet of this book that i cannot agree with. It tells readers that supports & resistances are not functions of supply and demand. It may not be in the economic terms but my view is that S&R are the results of supply and demand of the stock at the given prices.
What you'll find in this book are the basic definations for S&R, plus some explainations. You'll get the same for channels, gaps and the various triangle chart patterns. Swing trading is briefly touched upon, as well the dow theory.
I dont find this book telling me much about S&R that I don't already know. It is not a book for advanced traders. I don't think it is useful for beginners as well, any book that talks about technical analysis in general should be able to provide better details and explainations on everything this book touched on.
0 of 0 people found the following review helpful.
Thank goodness its short.
By J. Mayer
Well it does have some information that might be useful, but the writing is pretty bad. And the author does some strange things. Like harping (continuously) about how you cannot use Support and Resistance for intraday trading. Then he turns around and use intraday charts to show support and resistance examples. It all seems either thrown together or just poorly done.
3 of 11 people found the following review helpful.
So informative
By Ayman Ibraheem Alsaab
So informative yet so simplified, It is easy to follow and also pleasing to read.
It discusses support and resistance and chart patterns. It is book that you
Can read over and over again.
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