Ponsi, Technical Analysis And Chart Interpretations by Brenda Jubin
Books on technical analysis, with few notable exceptions, have pretty much become commoditized. Ed Ponsi’s Technical Analysis and Chart Interpretations: A Comprehensive Guide to Understanding Established Trading Tactics for Ultimate Profit (Wiley, 2016) is unfortunately not one of those notable exceptions. It is a clearly written, well balanced introduction that checks all the right boxes, but it breaks no new ground.
Ponsi’s expertise is the forex market. He is the author of Forex Patterns and Probabilities (2007) and The Ed Ponsi Forex Playbook (2010).
In this book, however, he focuses on equities. In a little over 350 pages he deals with such topics as support and resistance, trends and trend lines, volume, gaps, price patterns, candlestick patterns, Fibonacci techniques, technical indicators, point and figure charting, cycles, and sentiment indicators. He illustrates these topics with ample black-and-white charts.
Someone new to technical analysis would, I believe, find Ponsi’s work to be a useful textbook. For those who already incorporate technical analysis into their trading and/or have read two or three decent books in the field, it is not a must-have addition to the library.
Technical Analysis and Chart Interpretations – Description
Ed Ponsi’s straightforward guide to understanding technical analysis
Technical Analysis and Chart Interpretations delivers simple explanations and easy-to-understand techniques that demystify the technical analysis process. In his usual straightforward style, bestselling author Ed Ponsi guides you through the twists and turns to show you what really matters when it comes to making money. Whether you trade stocks, currencies, or commodities, you’ll develop invaluable skills as you master difficult concepts and the tools of the trade. Technical analysis translates to any form of trading, and this book delivers clear, jargon-free guidance toward interpreting the various charts you’ll see in the field.
Technical analysis can be confusing. Volatility, cycles, Elliot waves, Fibonacci, trends—it’s easy to get lost, and most of the available literature is incomprehensible to all but the experts. This book is different—it’s technical analysis for the rest of us. You’ll see through the language to understand the underlying concepts, and how to apply them correctly.
- Learn what true technical analysis entails
- Discover the tools that simplify accurate analysis
- Master the tactics and strategies used by the pros
- Develop a valuable trading skill that transcends markets
Simply recognizing the vocabulary isn’t nearly enough, and a passing acquaintance with the topic is guaranteed to do more harm than good. When technical analysis methods are used incorrectly, they are ineffective at best, and actively destructive to your bottom line at worst. Technical Analysis and Chart Interpretations cuts through the confusion to give you a firm understanding and the skills to apply it correctly.
Technical Analysis and Chart Interpretations – Review
Praise For Technical Analysis and Chart Interpretations
“In Technical Analysis and Chart Interpretations, Ed Ponsi does a tremendous job of breaking down the complex topic of technical analysis so that anyone can understand it, which is why I use his stuff regularly on Mad Money‘s Off the Charts segment. Ed’s experience and unique insight allow him to do this without glossing over important nuances. The result is a detailed yet easily understood work that belongs in every investor’s library.” — JIM CRAMER, CNBC Anchor, Host of Mad Money on CNBC
“Once again, Ed Ponsi displays his extraordinary depth of knowledge and consummate ability to convey some of the most useful strategies for taking on the financial markets—and winning. Very few financial experts have as extensive an understanding of market dynamics and effective trading strategies as Ed Ponsi. This shows through clearly in his new book, Technical Analysis and Chart Interpretations. Much like Ponsi’s previous works, this book is guaranteed to become a go-to standard for both new traders and seasoned professionals alike. If you want or need to understand the most practical technical analysis tools and techniques that can be applied successfully in the financial markets, Technical Analysis and Chart Interpretations is an exceptionally outstanding choice.” — JAMES CHEN, CMT, author of Essentials of Technical Analysis for Financial Markets and Essentials of Foreign Exchange Trading; Chartered Market Technician and Chief Technical Strategist, City Index / Gain Capital
“In his latest book, Technical Analysis and Chart Interpretations, Ed Ponsi has nailed the art of creating a ‘one-stop-shop’ for all things technical analysis. I was blown away by the sheer volume of analytical techniques, concepts, and candid opinions offered in this all-inclusive and easy-to-read book. I strongly believe Technical Analysis and Chart Interpretations delivers invaluable lessons for traders of all skill levels and sizes. Whether you are a beginner or a pro, this book should be on your shelf!” — CARLEY GARNER, Commodity Broker/Analyst, DeCarleyTrading
“Technical Analysis and Chart Interpretations is the full package for any trader or investor. Ed’s view of technical analysis is brilliant and easy to follow. There are so few offerings of a ‘soup to nuts’ education on charting but this book is a must in every trader’s book collection. It is rare to find a book on technicals that methodically takes you through the steps of successful interpretation. After reading Ed’s book you will certainly find yourself on your way to becoming a successful chart reader.” — BOB LANG, Chief Strategist, explosiveoptions.net
“A must read for investors! Ed Ponsi convinced many CNBC viewers that profits are found in the trends, not the fundamentals. This book will convert many more.” — LISA OAKE, Founder and CEO, Oake Media; Former CNBC Asia Anchor
“Ed Ponsi walks you through the key concepts of technical analysis, giving you what you need to know in an easy-to-follow format. If you want to learn to trade with technical analysis, this is the book for you.” — DAVID STENDAHL, President, Signal Trading Group
