Cloud Charts Trading Success with the Ichimoku Technique David Beckett Linton 9780956517104 Books
Download As PDF : Cloud Charts Trading Success with the Ichimoku Technique David Beckett Linton 9780956517104 Books
Brand new - not read, but has slight dents to bottom outside corners of the hardcover.
Cloud Charts Trading Success with the Ichimoku Technique David Beckett Linton 9780956517104 Books
I really hate to give this book a three star rating, as the author did a number of things trying to create an excellent book. However, sometimes great ideas and plans fall short in the end. That is the case with "Cloud Charts - Trading Success with the Ichimoku Technique".I would like to start my review pointing out some of the good things about this book. First of all, the author is obviously a very intelligent, accomplished individual and has loads of ideas to explore. The author also happens to be the founder of Updata, and as such uses many colored Updata charts on heavy gauge paper. This in and of itself is impressive. The general binding of the book, and quality of construction makes it a book that will last a 100 years on a library bookshelf!
My complaints are unfortunately many. I hope the author will read these and take it as constructive criticism for the next edition:
1. As another reviewer has noted, there are quite a few misspelled words and poor grammar. This made several areas of the book a tough reading assignment, and difficult to understand. I found myself reading and re-reading a paragraph - then reading it out loud with corrections to get the meaning. To compound this point, the book is just not a fun book to read. I mean to say that it just doesn't flow nicely. It's like a hodgepodge of ideas all cut & pasted together. It pains me to make this critique, as there were nicely laid out "Parts 1, 2 & 3", with bullet point summarizations. It's a good read for someone who's after a bunch of ideas, but not for someone seeking deeper solid take-aways. It's like a collection of semi-related magazine articles organized into sections.
2. The author does not come out and directly advertise Updata, but many references to proprietary and/or unique features of this charting platform are made. This, in and of itself isn't so bad. However, to take time and vaugely show an indicator called "indexia", and say "here's an example of a proprietary indicator in TA", is not good. I as the reader am left hanging to go and find out what "indexia" is. The same can be said with things like the "heat map", "flip charts", and "optimized trailing stops". If I had an Updata platform, then I could spend time exploring the value of these. In all fairness the author provides a 30 day free trial to Updata (TraderPro). It's about $150/month after that if you want to keep it, along with realtime data.
3. As a buyer of this book, I was seeking to find out more about the the Ichimoku Kinko Hyo indicator itself. I have gone to free websites and already understood most of the basics, and was hoping to delve deeper into it's underlying meanings. The author instead has decided to combine Western TA techniques, and a collection of other ideas to get more meaning out of the indicator. This exercise for me ended up being a whole bunch of disconnected ideas to explore - with the implied use of Updata TraderPro.
4. Just a little over 50% of the entire book (Part 1), was dedicated to classical Western TA. In my opinion, this was way too much surface information to help the beginner, and way to generalized for the experienced trader. I consider myself to be in the former group, and was somewhat irritated wading through this filler material. I will say that the section on Point & Figure, and candlesticks was somewhat interesting. In fact, maybe the author should have just focused on these. As another suggestion, eliminate most of the TA material and expand on money management - that's where the money is made isn't it??
Don't get me wrong, I think this book has value. I however don't have TraderPro and just wanted to learn more about Ichimoku. My goal is to make money, not to play with endless variations on technical analysis. I will say that I did pick up a couple interesting points in this book, and reinforced some notions I've developed on my own. Even with a three star rating, it's not a bad book to have around in it's current form, but waiting for the next edition would be advised. If you have Updata TraderPro, then maybe this book gets a four star rating.
Product details
|
Tags : Cloud Charts Trading Success with the Ichimoku Technique [David Beckett Linton] on Amazon.com. *FREE* shipping on qualifying offers. Brand new - not read, but has slight dents to bottom outside corners of the hardcover.,David Beckett Linton,Cloud Charts Trading Success with the Ichimoku Technique,Updata Plc,0956517102,MAK_VRG_9780956517104
People also read other books :
- Call Me Anytime edition by Michael Prescott Literature Fiction eBooks
- 200 Chocolate Recipes Cookies Cakes Desserts Etc (Audible Audio Edition) Anna Wade Leigh Ashman Daniel Books
- A Dress to Die For Fashion Avenue Mysteries Volume 3 Christine DeMaioRice 9781482744910 Books
- Becoming a Police Officer From Citizen to Cop and What to Expect edition by Travis Towns Professional Technical eBooks
- OOPS! I TOOK IT WITHOUT ASKING OOPS! eBook Monaco Pillai Angelina Pillai
Cloud Charts Trading Success with the Ichimoku Technique David Beckett Linton 9780956517104 Books Reviews
It is my feeling that this book is not for the beginning trader. The language and acronyms require an experienced trade knowledge of stock or currency trading markets to understand the book. David Becket Linton does not take into account the experience level of the trader when he begins to write the effective use of the Cloud Charts. When he starts to explain why or how a trend movement begins or starts, he does not provide clarity in his charts with arrows about what he is trying to communicate. He explains, by color, without referencing what each color used represents on the chart, what is happening, which leaves me completely at loss as to what is being expressed through his explanations. Because it is an expensive book, I believe it should be noted upfront that the book is not for the new trader.
I bought this book few years ago but I just started reading recently. In my personal feeling, it is a very good book worth to read. It has lots of charts as example. However, I bought this book few years ago for just US$50. But I see that only has resell now but it cost US$100. For me, even I think this book is worth reading but it does not worth US$100 to read.
I deduct one star because there are totally 16 chapters in this book but from Chapter 1 to chapter 7 are other TA, which you have already known. Like history of TA, candle stick, moving averages, point and figure etc. That is, half of the book is non-related to Cloud charts. Yes, I started to read the book from Chapter 8. That is, I bought this book with $50 but it cost me $25 to review other TA concepts. To be honest, if you already know what is candle stick and point and figure, then you feel waste money. If you don't know how to read those TA, you still cannot learn from only one chapter, right? So, it is useless for chapter 1 - 7.
If you really want to learn, I suggest you can borrow from library for this book. If you buy it, prepare that you waste half of the cost for something you may not need.
Also, start from Chapter 12, it also consist of strategy of point and figure chart with cloud, which is good and interesting for me as I also like to use point and figure chart. But for those who do not know point and figure charts and not have interest.
Overall, I still rate 4 stars as the content, layout and charts examples are good. Again, deduct one star just because it waste half of the book for non cloud chart related TA..
I am a long term investor (I hold stocks for several years or more) who has done well self directing my own IRA. I do fundamental analysis first and look for companies which meet my criterion. I then calculate fair value and check price of shares. If fair value is 50% above price of share I place the stock on my short list. I then use cloud charting to check if the stock is in a mid term or longer bullish trend I am now using cloud charting to determine that. This book helped me learn the technique. Ichimoku means equilibrium at a glance. That is does. Cloud charts seem overwhelming at first but once learned I can go through a series of cloud charts to determine if a ticker (stock) is in a bullish trend. If so I then use candlestick analysis to time the trade. Works for me. This book is a good introduction. I wished the author had use fewer pages on technical analysis or more on Ichimoku hence 4 stars and not 5.The author could then refer the reader to books he finds useful on the western technical analysis. I wish the charts were larger, that would be helpful also. I would have used a whole page for a chart. He has a good introduction into the manner how cloud charts are constructed. He presents several techniques on using them in transactions. I wished there was more on techniques for entering or exiting a position.
I glad I read the book. It has been useful to me..
I really hate to give this book a three star rating, as the author did a number of things trying to create an excellent book. However, sometimes great ideas and plans fall short in the end. That is the case with "Cloud Charts - Trading Success with the Ichimoku Technique".
I would like to start my review pointing out some of the good things about this book. First of all, the author is obviously a very intelligent, accomplished individual and has loads of ideas to explore. The author also happens to be the founder of Updata, and as such uses many colored Updata charts on heavy gauge paper. This in and of itself is impressive. The general binding of the book, and quality of construction makes it a book that will last a 100 years on a library bookshelf!
My complaints are unfortunately many. I hope the author will read these and take it as constructive criticism for the next edition
1. As another reviewer has noted, there are quite a few misspelled words and poor grammar. This made several areas of the book a tough reading assignment, and difficult to understand. I found myself reading and re-reading a paragraph - then reading it out loud with corrections to get the meaning. To compound this point, the book is just not a fun book to read. I mean to say that it just doesn't flow nicely. It's like a hodgepodge of ideas all cut & pasted together. It pains me to make this critique, as there were nicely laid out "Parts 1, 2 & 3", with bullet point summarizations. It's a good read for someone who's after a bunch of ideas, but not for someone seeking deeper solid take-aways. It's like a collection of semi-related magazine articles organized into sections.
2. The author does not come out and directly advertise Updata, but many references to proprietary and/or unique features of this charting platform are made. This, in and of itself isn't so bad. However, to take time and vaugely show an indicator called "indexia", and say "here's an example of a proprietary indicator in TA", is not good. I as the reader am left hanging to go and find out what "indexia" is. The same can be said with things like the "heat map", "flip charts", and "optimized trailing stops". If I had an Updata platform, then I could spend time exploring the value of these. In all fairness the author provides a 30 day free trial to Updata (TraderPro). It's about $150/month after that if you want to keep it, along with realtime data.
3. As a buyer of this book, I was seeking to find out more about the the Ichimoku Kinko Hyo indicator itself. I have gone to free websites and already understood most of the basics, and was hoping to delve deeper into it's underlying meanings. The author instead has decided to combine Western TA techniques, and a collection of other ideas to get more meaning out of the indicator. This exercise for me ended up being a whole bunch of disconnected ideas to explore - with the implied use of Updata TraderPro.
4. Just a little over 50% of the entire book (Part 1), was dedicated to classical Western TA. In my opinion, this was way too much surface information to help the beginner, and way to generalized for the experienced trader. I consider myself to be in the former group, and was somewhat irritated wading through this filler material. I will say that the section on Point & Figure, and candlesticks was somewhat interesting. In fact, maybe the author should have just focused on these. As another suggestion, eliminate most of the TA material and expand on money management - that's where the money is made isn't it??
Don't get me wrong, I think this book has value. I however don't have TraderPro and just wanted to learn more about Ichimoku. My goal is to make money, not to play with endless variations on technical analysis. I will say that I did pick up a couple interesting points in this book, and reinforced some notions I've developed on my own. Even with a three star rating, it's not a bad book to have around in it's current form, but waiting for the next edition would be advised. If you have Updata TraderPro, then maybe this book gets a four star rating.
0 Response to "≡ Read Free Cloud Charts Trading Success with the Ichimoku Technique David Beckett Linton 9780956517104 Books"
Post a Comment