Chart Your Way to Profits: The Online Trader's Guide to Technical Analysis

by Tim Knight

Book Overview

Chart Your Way to Profits shows you how to harness the technology available on www.prophet.com to analyze markets and make informed trading decisions. It discusses the fundamentals of technical... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0470043504
• ISBN13: 9780470043509
• Release Date: March 2007
• Publisher: John Wiley & Sons
• Length: 410 Pages
• Weight: 0.25 lbs.
• Dimensions: 1.4" x 6.5" x 9.0"

Customer Reviews

Should be required reading for Prophet/Thinkorswim users

I'm an active sell-side options trader and came across this book almost by accident. It is very well written and filled with lots of current examples of the most common and reliable chart patterns. I have no connection to the author or company, but I have a retail account at Thinkorswim and find the Prophet charts excellent, even as a more advanced trader. The book should be required reading for anyone that uses Prophet charts, as the book lists lots of suggested settings which are only relevant if you use the product. Specifics aside, it is still an excellent book and much easier to read than most of the other ones out there, charting can be a very dry but important subject to study, this book is highly recommended for the beginning and intermediate technical trader. Good stuff.

A "must own" book for a trader's library

If you use Prophet Charts you will love this book written by the creator of the best charts on the web. A solid mix of trading techniques and tips, and hints on making better use of this fabulous tool. If you do not use Prophet Charts (yet) read this and see what you are missing. This is a "must own" book on trading for anyone using technical analysis. - Bob Alford-

Tim Knight rocks!

There are many books on technical analysis out there, but I know of none as useful or as readable as this one. This book is an in-depth saturation in the theory and daily use of technical charting so that you can fine tune entries and exits and become an excellent technical trader. This is rapidly becoming our standard trading reference.

Get Technical with Tim

(From Page 141) "When prices violate a trendline, however, it should normally be heeded. To illustrate this point imagine yourself driving a car down a deserted highway. Since you want to understand the concept of trendlines well, you decide to not look at the road ahead but simply open your door and keep your eye on the median line. You have no idea how the road will twist or turn or whether it will continue straight. . .For a while, the yellow line whizzes by more or less in the same place. It sometimes move a little away from the car, but it soon returns to be just outside the driver's door. Suddenly, the median line moves underneath your car, disappearing from sight. You'd better look up quick to see what's happening, because the road must be turning!" The above is the kind of zippy and delightful writing that you will be reading if you purchase this book. I know that if I'm in this car, I want Tim in the passenger seat providing useful advice for the profits and potential pitfalls ahead. He's the first to say that technical analysis is not a be all end all and provides appropriate cautionary advice. The book has a pleasing conversational tone that de-mystifies technical analysis. I'm not a trader, nor am I an expert in technical analysis. But, I am an investor who wants useful tools in my arsenal. Technical analysis is one such tool. Beginners will find this book accessible with Tim's straightforward and engaging writing style. If you are a user of Prophet.net (which I am not), you will find many tips on using this service. For non-users, you can skip over these brief sections and immediately dive into the meat and potatoes with lots of gravy. [...]