Dam Grimes the Art and Science of Technical Analysis

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 · 239 ratings  · 23 reviews

Start your review of The Art and Science of Technical Assay: Market Structure, Cost Action, and Trading Strategies

Sep 10, 2016 Terry Kim rated it it was amazing

If 'Reminiscence of a Stock Operator' is a must read book for traders to gain insight into life of a very successful trader,
If 'Trading in the zone' - Mark Douglas is a must read book to learn the mental country of a successful trader, then this book is a must read for deep understanding of Technical Analysis.

What a smashing book. Like the title suggests this is a deep expect into technical analysis. Many books suggest trading Pull Backs and Breakouts, but this volume really breaks these terms downward with

If 'Reminiscence of a Stock Operator' is a must read book for traders to proceeds insight into life of a very successful trader,
If 'Trading in the zone' - Mark Douglas is a must read book to learn the mental state of a successful trader, then this book is a must read for deep understanding of Technical Analysis.

What a peachy volume. Like the title suggests this is a deep expect into technical analysis. Many books suggest trading Pull Backs and Breakouts, merely this volume really breaks these terms down with tons of examples. There are variety of different pull backs, suspension outs (unproblematic pull back, circuitous pull back, failure pull back.. etc etc), which this book goes through in fine detail.

This volume has helped with my entries and merchandise management which ultimately is improving my conviction. Just said its a must read and too a must re-read. I'll be re reading this book shortly every bit this book has all you need in terms of swing trading technical analysis! Highly recommended!

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Adam Grimes demolishes TA misconceptions in this book, provides diverse insights on the nature of marketplace structure and price activeness, talks about tools, the interfacing between unlike timeframes, ranges and trends and in incredible detail. He also provides insight into the psychology of market players who enter at different points of price action.
The technical tools section is not very potent although you'll get an thought of how to translate MACD. I like his customisation of MACD although stoch Adam Grimes demolishes TA misconceptions in this book, provides various insights on the nature of market structure and price action, talks about tools, the interfacing betwixt different timeframes, ranges and trends and in incredible detail. He also provides insight into the psychology of market players who enter at different points of price action.
The technical tools section is not very strong although y'all'll get an idea of how to interpret MACD. I like his customisation of MACD although stochastic RSI could exist uses instead to measure momentum rate changes.
This is a great TA gem once you've understood classical TA like Schabacher, Murphy etc. ...more than

Mar 18, 2021 Ilia rated it it was astonishing

Such a comprehensive book. Information technology starts with the basics of market dynamics, constantly question 'common knowledge' and 'conventional wisdom', and provides every bit many examples of failures equally such of success. Not only does it cover technical aspects and market dynamics, but it also covers such topics equally trading psychology, cerebral biases, risk management, and so on. Definitely a must-read for every trader. Such a comprehensive book. It starts with the basics of market dynamics, constantly question 'mutual knowledge' and 'conventional wisdom', and provides every bit many examples of failures every bit such of success. Not only does it encompass technical aspects and market place dynamics, but it also covers such topics as trading psychology, cerebral biases, risk management, and and then on. Definitely a must-read for every trader. ...more than

Mar 27, 2016 Josiah R rated it it was amazing

A wonderful volume. I checked this out from the library simply would like to add together it to my own collection now that I've read it one time. Grimes is i of the few no-nonsense trading authors I've found, scientific in approach but still managing to be friendly to average trader who doesn't desire to read a textbook. It is a heavier read than most because of somewhat denser material, but the actress effort will be very worth your while I think. This one deserves a identify side by side to The Playbook and Trading in the Z A wonderful book. I checked this out from the library only would like to add it to my own drove now that I've read information technology one time. Grimes is one of the few no-nonsense trading authors I've found, scientific in approach but yet managing to exist friendly to boilerplate trader who doesn't want to read a textbook. It is a heavier read than virtually because of somewhat denser material, only the extra effort will be very worth your while I think. This one deserves a place next to The Playbook and Trading in the Zone. ...more

Jan xiv, 2021 Kyhn rated it it was astonishing

New traders oft bound to the indicator sea of the technical analysis and try to grasp outstanding results. After a while they think that they accept to add together some other tools, make some adjustments in the indicators and effort to build perfect setup.

All the same, this is very hard and without a good psycology, discipline, proper risk management and agreement the market structure it is almost impossible.

Before technical/mechanical arrangement establishment, it is extremely crucial to sympathise how mar

New traders often jump to the indicator sea of the technical analysis and endeavour to grasp outstanding results. Afterward a while they think that they have to add some other tools, make some adjustments in the indicators and try to build perfect setup.

However, this is very hard and without a proficient psycology, discipline, proper chance management and understanding the market structure it is well-nigh incommunicable.

Before technical/mechanical system establishment, information technology is extremely crucial to understand how market works? What is price action? How market place makers drive the cost? What are the weak points of classical approaches and how can nosotros find the edge in this wild environment?

All in all, here is my 2 cent: writer conspicuously and in detailed ways explains all of them. The examples are sufficient enough to get the idea for an intermediate trader. I took many notes and written report them like i was in schoolhouse fourth dimension. This book made my optics open up. I filled many gaps of my way of seeing the markets.

This book is highly advisable. However, for a beginner, it is style ameliorate to learn first the technical analysis details or beginner level trainings in forex etc. spend a lot of times in front end of the charts, try to earn coin in demo accounts. Afterwards that yous volition realize there should be further comeback and you will detect it in this book.

Yeah it consist of beginner level data merely information technology might be tough to understand some details.

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Mar 09, 2021 Chris Dziewa rated it it was astonishing

This was a really good book. I have learned a lot from Adam Grimes' gratuitous Market Life course. This book was especially helpful in agreement some of the strategies presentef there as well every bit thinking holistically about the markets. Some of the statistics were difficult to grasp as I am new to that realm of knowledge, but I really relish that Grimes uses a statistical approach to verify the long-term profitability of any strategy. At the end of the day, he does not suggest using a cookie cutter app This was a really good book. I have learned a lot from Adam Grimes' free Market Life course. This book was particularly helpful in understanding some of the strategies presentef there as well equally thinking holistically about the markets. Some of the statistics were difficult to grasp equally I am new to that realm of knowledge, but I really enjoy that Grimes uses a statistical approach to verify the long-term profitability of whatsoever strategy. At the stop of the day, he does not advise using a cookie cutter arroyo to trading, but gives readers the tools to start thinking nigh edifice their own strategies. ...more

Dec 13, 2020 Dignesh Khunt rated it really liked it

it adept volume for beginners.. Guides different style of trading with instance. my favourite chapter is moving average (special detailing most sma and ema). after reading this book, i conclude following part:
to become protrader, do this things
1. learn market cycles
2. make own arrangement. and take note and paper check profite and loss ratio, % accurateness (more so seventy% good)...
3. stick this system and think your are Robot non show what is profite but uncomplicated follow arrangement.

Oct 24, 2021 Joseph rated it it was astonishing

An excellent volume that touches on the technical set up, take chances direction and the psychological attribute of trading

This volume should be read by traders who have formed some trading styles. This volition further complement one'south style.

An excellent volume that touches on the technical ready, risk management and the psychological aspect of trading

This book should be read by traders who have formed some trading styles. This will further complement one's style.

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Complex and needs a lot of re-reads simply makes a lot of sense!

Once mastered nosotros can atleast start to read d markets wid some conviction!

Mar 18, 2020 A. Russell rated it it was amazing

This is a great volume for mean solar day traders. Information technology focuses on the technical part of trading, and should be on the bookshelf of everyone wanting to learn more near the market place.

Oct twenty, 2020 beingCristina rated it really liked it

An interesting read for someone who already have a bones understanding of stock market technicals.

Good read for TA. Volume focuses mainly on blazon of trades pullbacks & failure &. Many others.

This volume volition take you lot to the moon

Jun 01, 2021 Chase Kwit rated it information technology was amazing

This book can teach you everything you lot desire to know about trading! Great alternative to a day trading course!! A+

Aug 07, 2019 Amar rated it it was amazing

Essential reading for anyone who trades professionally. Just some genuinely sensible and realistic fabric of what it takes to go alee in this game; lays out the adept and bad in dandy detail- far as well many writers in this genre only focus on the sometime. Too refreshing not to come beyond the usual hubris and self-aggrandizement that i associates with those who dish-out communication on this field of study.

Jun 07, 2018 Yu Feng Tan rated it it was astonishing

The good:
Highly relevant to technical Traders. Speaks most how to accept a trading edge, iv stages of market bicycle, trading strategies using chart patterns, adventure management and trade examples.

The bad:
I tin't think of any

Who is information technology for:
Technical Traders who want to know the science backside chart patterns and the idea process behind entries and exits. This book requires a reread to reinforce the concepts backside.

Nov 06, 2018 Piotr rated it really liked it

Swell book delivering a nifty amount of value. In-depth, detailed and easy to read. A must-have for every technical trader, particularly swing trader.

Jul 28, 2019 Eric Lemes rated it information technology was astonishing

Awesome. Very useful to clarify differences between market construction and trading patters. A lot of useful information virtually trading psychology, run a risk, etc. Recommended.

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