Technical Analysis: Is Mostly Bullshit – Why Flipping a Coin is a Better Strategy than Using Technical Analysis in the Financial, Stock, and Forex Markets
£3.80
What If Technical Analysis Is a Lie?
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As In Something That Doesn’t Work and Never Has…
Look at all the courses on the internet claiming you will be a millionaire from using Technical Analysis! How someone with just $500 in their bank account made a $100,000 in 3 days. And all you have to do is look for a pattern on a chart and follow their advice. Seem too good to be true… that’s because it is!
Hi, my name is Tim Morris. I’ve been trading stocks for many years, and have a great bit of experience in the markets. I’m here today to cut through the lies, and give you the cold hard truth about technical analysis. The truth other “educators” won’t tell you. The truth you deserve to know. That technical analysis is complete bullshit!
Here’s What You’ll Learn In This Book:
- Introduction: My Story – Before the book begins, I share with you my own roller coaster experience with technical analysis, and how I stumbled upon the information that I reveal in this book. The information that confirmed my suspicions that technical analysis is, and always has been, bullshit.
- Chapter 1: Analyzing the Markets – First we go over the main ways traders are taught how to analyze the markets and make money in stocks. This would include both fundamental and technical analysis, as well as a few other hypotheses that have been proposed about how the stock market operates.
- Chapter 2: Classic Technical Analysis – In this chapter, I explain the way classic technical analyze is taught to traders in books, video courses, and subscription services across the web. This includes:
- Patterns – Cup and Handle, Head and Shoulders, Flags, Triangles, Double Tops, and Many More
- Indicators – RSI, MACD, Stochastics, Moving Averages, Bollinger Bands, Divergence, Volume
- Tools – Fibonacci Retracement, Fibonacci Projection, and Elliott Wave Theory
- Chapter 3: The Issues – This is the heart of the book and where I really lay down the hammer. I go over the many flaws that are brazenly apparent in the technical analysis theory, that you’ve likely never heard of.
- Can TA really be used in all time frames?
- Does TA really work in all financial markets?
- Has anyone actually made their money with TA?
- Have the inventors of TA indicators actually made money with their own indicators?
- I reference charts, statistics, and studies, as well as expert testimonial from PhD economists and other traders in the field. *Warning* You will be shocked and stunned by what is revealed in this chapter.
- Chapter 4: The Verdicts – In the last chapter, we go over the final verdicts of each technical analysis tool brought up previously in the book. I explain which tools are worthless, which are plausible, and which actually work. Notice I said mostly bullshit. There are a couple useful tools!
- Bonus Chapter – Japanese Candlesticks
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As a FREE bonus, only for book buyers, you’ll receive my special report titled Crush the Market! This report goes over 18 beneficial tips I have learned throughout my trading career that will help keep your account profitable in the stock market. This report is not sold to the general public, and only available to buyers of this book
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I wish I knew all this information years ago. No where else on the web will you find what I reveal in this book
Experienced chartist or brand new trader, everyone will learn new information in this book. Click the “Buy Now” button at the top of the page and get your copy right now!
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Additional information
| Publisher | ZML Corp LLC (26 Dec. 2019) |
|---|---|
| Language | English |
| File size | 2324 KB |
| Simultaneous device usage | Unlimited |
| Text-to-Speech | Enabled |
| Screen Reader | Supported |
| Enhanced typesetting | Enabled |
| X-Ray | Not Enabled |
| Word Wise | Enabled |
| Sticky notes | On Kindle Scribe |
| Print length | 84 pages |
by martin stokes
I gave this review 4 stars rather than 5 because the author did state “mostly†in the title, which , after reading this brief but very focused review of the many of the indicators found on Metatrader and other platforms, do appear to be mostly bull defecation. Tim reminds me of the small boy in the Emperor’s New Clothes fable, who points and shouts “ The king is in all together, the all together….etc. We need authors such as this to shine a light on what is often accepted as the industry norm, but in fact has no sound statistical data to back it up. Recoomend reading for anybody, new or experienced who wishes to trade the markets.
by K.A
Long term investing is pretty much dead. This doesn’t mean that you cannot make a long term investment and make money. It just means that it is no longer the most efficient way of succeeding in the markets. You need TA to trade the markets short-term. Especially intraday or short swing trade holds. Fundamentals have very little value in the world of the ‘short-term’ trader. However this type of ‘trading’ demands exceptional skill borne from years of experience, with some blood sweat and tears thrown in the mix. TA is an art that is mastered by very few, and hence those that misuse TA channel their incompetence into criticism of a subject they really know very little about.
by Jim Cochrane
The author has no real understanding of technical analysis. Spends the whole book rubbishing it and then recommends as valid two techniques that all savvy technical analysts use most of the time anyway.
This book is of ZERO value so don’t buy it.
by Leon
I do believe there are going to be alot of poeple who read this out there and Highley disagree and they have every right to do so however I’m not one of those people. This is a really good book and it’s made me think alot. I never liked TA anyway at best it’s (educated guessing) and I personally have made more money from fundimentals then technicals but I do like looking at the charts none the less. I would recommend this book as food for thought
by tantalum
I got interested in TA some years ago. The prospect of free money was alluring. I built my own software simulation, back-tested numerous strategies on real market data, and reluctantly came to the exact same conclusion. The whole pseudo-science is riddled with subjectivity and selection bias. Ah well, I learned something about human nature instead!
The gurus will tell you that Technical Analysis is an Art not a Science and if you are not making money it is because you are Not Good Enough and need to buy more books and training. This is cruel as well as dishonest.
Note, “Mostly”… Morris lists several technical indications which are of supplemental value in making buy or sell decisions. For example, stock prices trend more than could be expected by chance (something I confirmed in my back-tests). The reason for that is not hard to figure out.
It’s a short book but none the worse for that. Highly recommended.
by Conor Cowman
As someone with a background in both psychology and (to a lesser extent) computer science, I’ve naturally been drawn to blockchain technology and dabbled in cryptocurrency investing, but I’ve always been shocked at the quality of most TA and the support it receives. This book does a great job of explaining TA without needless waffling and then clearly points out the various issues with each indicator. I would also add that, not only do we humans have a strong tendency to perceive patterns where there are none, but we also have a very poor understanding of what chance actually looks like. Consider the coinflip chart in this book, which demonstrates that the random flipping of a coin can produce very similar patterns to those we see in the markets: notice the “downtrends” and “uptrends” occuring just by chance. This is in part due to the fact that chance events tend to cluster, so a flip of tails is slightly more likely to be followed by another tails than heads, despite there being an equal base likelihood of each outcome. If interested in the specifics, look up what Steven Pinker wrote about lightning strikes and chance events in the Better Angels of our Nature for a good explanation.
by Mr BB
A good and quick read backed up by real examples you cannot argue with. Explains all the popular indicators with alternative examples. Definitely worth a read!