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Rating: 
Summary: Superb book on Momentum
Review: 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.
Rating: 
Summary: Heavy Explanation of Oscillators
Review: 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:
Summary: Heavy Explanation of Oscillators
Review: 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:
Summary: I actually need another copy I've used this so much...
Review: Readers of reviews on financial books need to be careful. For every 100 people who speculate in the financial markets, less than 10 are successful. People often have psychological blindspots that prevent them from noticing profitable info when they see it. I'm convinced that blindspot applies not only to the market, but books about profiting in the market. Despite my skepticism, I had decided to study technical analysis after reading Larry McMillian's advice in Options as a Strategic Investment. Pring's book on Momentum was one of my first purchases. Combined with observation of market action using my TC2000 software, I'd say it is one of my best purchases. And that was over 4 years ago. This isn't easy reading. It requires you to--THINK! Imagine that! Those who are looking for wealth through trading and investing expect the process to be easy. When they discover it isn't, they blame authors for writing accuarte, but difficult books, rather than changing their ideas about profiting from the market. Other books cover momentum indicators in brief detail, but
Pring devotes significant space to principles of momentum interpretation, as well as how different indicators are constructed. Of crucial importance is the pros and cons of the construction of various indicators: Momentum or Rate of Change vs RSI, MACD vs Stochastics. After reading this, you will learn which indicators complement each other, and which ones are simply different variations of the same idea. Unfortunately, as Pring instructs, interpreting momentum indicators requires practice as well as judgement. Knowing how to interpret momentum doesn't mean you can trade eaily. There is much more to trading than understanding momentum indicators. Read this book, THINK about the logic of the indicators, then observe the market action using what you have learned. In due time, you will use the ideas in this book to develop your own indicators, improving on the ideas in this book to suit your own style.
Rating:
Summary: I actually need another copy I've used this so much...
Review: Readers of reviews on financial books need to be careful. For every 100 people who speculate in the financial markets, less than 10 are successful. People often have psychological blindspots that prevent them from noticing profitable info when they see it. I'm convinced that blindspot applies not only to the market, but books about profiting in the market. Despite my skepticism, I had decided to study technical analysis after reading Larry McMillian's advice in Options as a Strategic Investment. Pring's book on Momentum was one of my first purchases. Combined with observation of market action using my TC2000 software, I'd say it is one of my best purchases. And that was over 4 years ago. This isn't easy reading. It requires you to--THINK! Imagine that! Those who are looking for wealth through trading and investing expect the process to be easy. When they discover it isn't, they blame authors for writing accuarte, but difficult books, rather than changing their ideas about profiting from the market. Other books cover momentum indicators in brief detail, but
Pring devotes significant space to principles of momentum interpretation, as well as how different indicators are constructed. Of crucial importance is the pros and cons of the construction of various indicators: Momentum or Rate of Change vs RSI, MACD vs Stochastics. After reading this, you will learn which indicators complement each other, and which ones are simply different variations of the same idea. Unfortunately, as Pring instructs, interpreting momentum indicators requires practice as well as judgement. Knowing how to interpret momentum doesn't mean you can trade eaily. There is much more to trading than understanding momentum indicators. Read this book, THINK about the logic of the indicators, then observe the market action using what you have learned. In due time, you will use the ideas in this book to develop your own indicators, improving on the ideas in this book to suit your own style.
Rating:
Summary: Gives more insight into popular indicators.
Review: The book is very well written and very well organized. Very easy to understand and cover TA from A-Z. It is the ultimate book on momentum for the serious trader. It covers momentum indepth without the use of fancy mathematical formula that serves no use beside confusing the reader and making you feel the formula is worth something! I should know since I have tutored all math courses at a college level. Years later authors confirm Mr. Pring teachings from practical experiance and huge losses.
Rating: 
Summary: More mathematics should be included in this book!
Review: This books is a bit too preliminary and lacks the mathematics that I want.
Rating:
Summary: Superb book on Momentum
Review: 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!!
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