Martin Pring on Market Momentum
Author: Martin J. Pring
List Price: $29.95
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ISBN: 0786311762
Publisher: McGraw-Hill Trade (01 May, 1997)
Sales Rank: 47,069
Average Customer Rating: 3.43 out of 5
Customer Reviews
Rating: 3 out of 5
Heavy Explanation of Oscillators
If you want an elpanation of how various oscillators are calculated and applied this is a good resource for active traders. The book contains some solid explanations of how to interpret divergences between an underlying security and oscillators. Additionally, several good points made for traders and investors.Why three stars? Mr Pring's book was a very heavy dry read. There was very little comment on how he might have approaced these trades, or if he took them at all. There was a lot of reference to other people's work. Which is fine, but I look for two things in an investment book. The first is ideas that can help me be a better investor/trader, but the second is enjoyment.
Something like The Visual Investor (John Murphy) is just much more practical for all but die hard TA students.
Rating: 5 out of 5
Superb book on Momentum
You will find the KST formula in Chapter 7 on page 159. This is not a book on day trading. It is a book on momentum. It can be applied to all time frames like daily, weekly, and monthly. For day trading, you need to read a lot more books on day trading to prepare for that task. The KST is a superb indicator. It allows you to zero in on the maintrend. You know the addage, the trend is your frend. KST will show you if the trend is your frend before you put on your trade. Most traders who lose money trade against the main trend. With KST, you can make sure you are trading with the trend. Mr. Pring does a superb job in a layman language as to how to interpret and use momentum. No other author does as a good job and most books will mislead you and cost you big losses as a result. Martin has it all when it comes to momentum!!
Rating: 1 out of 5
Momentum applied to daytrading terrible
I recently purchased this book to strengthen my momentum skills. Being somewhat new to TA, it is has came easy having a extensive computer background. I found Prings explanation on oscillators complete but lacks application to daytrading/investing. I met him at a recent show asking him pertinent questions as they apply to the market and trading and he replied...."I need to buy another book". This book is good on how oscillators are made....NOT HOW THEY ARE USED. Similar Products
Come Into My Trading Room: A Complete Guide to Trading
How to Select Stocks Using Technical Analysis
The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities
Momentum Explained, Volume II
Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points
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