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Hi everyone,
I'm Larry Lovrencic, one of the authors of Charting For Dummies.
The book is an Australian adaptation of Barbara Rockefeller's TA for
Dummies.
Some small sections of the original book have had a solid re-write,
while most of the book has been tweaked to suit the Australian/Asian
region.
The book is available in bookstores throughout Australia, New Zealand
and Asia. Please ask your local bookstore to order it in if it doesn't
stock it.
For those who live outside of this region, you may order the book
online from www.dymocks.com.au.
Also try www.moneybags.com.au.
I will be more than pleased to offer any further assistance.
BTW, here is one review of the book :
Book review: Charting for Dummies
Will Kraa, February 18, 2007
http://www.compareshares.com.au/kraa36.php
I have so far reviewed books that I have bought because in my opinion
they were good books to have and I bought them for my library. This
time I will review some new books that were sent to me for review.
That does not mean that I have run out of books to recommend that were
already in my library, and I will get back to them later.
The first of the books sent to me is 'Charting for Dummies' and so
those of you who do not fit this description can skip this part of the
review. When I first saw the title I sort of groaned inwardly and
thought, "Not another one of those books that tell you just a few
basic things". Anyway, I decided I should have a look at it seeing
someone was kind enough to send it to me. I was pleasantly surprised
and impressed.
The four authors who wrote this book know what they are talking about.
I was even more impressed when I discovered in the book a very healthy
dose of skepticism about Fibbonacci and similar stuff (where people
think they have stumbled across some law of the universe which governs
human behaviour and that this gives an edge to the devotees to this
sort of magic). Now I know I have immediately offended some of my
readers and I am sorry but simply can't help it so maybe you will
forgive me.
As I looked at the Appendices I was even more delighted to see that
the authors recommend AmiBroker as "by far the best value for your
dollar". Obviously these are very sensible people! They also share my
view that learning to trade well does not require attendance at
expensive seminars or purchase of costly software.
However, that is not the main reason for recommending this book. I had
planned to recommend some books on charting but this book has saved me
the trouble. In one book there is material that puts together lots of
information to give a good understanding to the beginner but also has
enough to interest those who have been trading for some time. Anyone
studying this book will get a very good grounding in using charts to
trade. It is filled with very practical and down to earth information
and even if you think you are a bit of an expert I think you will
still find some good ideas here.
It is not just a compendium of indicators but shows what they are
based on and how to use them. Charting that is not based on indicators
is also discussed including basic candlestick analysis, support and
resistance, and patterns. This book is not just theory but deals with
the practical application. In the process experienced people share
lots of what they know with the reader.
There is a section of the book that deals briefly with risk management
but there are much better treatments of this subject, such as the book
by Van Tharp that I reviewed earlier. Risk management is a subject
that is of the greatest importance and needs more than just a small
section of a book to cover it adequately. For instance the way the
famous 2% rule is explained in this book leaves much to be desired.
This is not an encyclopaedia of charting but a very practical and
useful book for anyone who wants a better understanding of the uses
and limitations of Technical Analysis. It is geared to the Australian
market and I think you will find it very useful. So long as you donâ??t
mind admitting to being a dummy.
--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> > I am only guessing but I would say it is the Appendix: Resources
> > Section that has been customised for the little possums down under.
> > It does have Australian Edition splashed across the cover though.
>
> A quick cross check, via Amazon's "search inside", indicates that
> Charting For Dummies (Aus Edition) is based on "Technical Analysis
> For Dummies" by Barbara Rockefeller (strange name that - the Oz one -
> I went to look at the computing books and thought I was picking up a
> book on computer charting, as in Excel etc).
>
> There are differences that go beyond the resources section, but I
> can't quantify them - some AmiBroker charts have been added.
>
> All in all an enjoyable read, for trading obsessives, and a recap of
> basic TA - definitely not a reference book or an AmiBroker book.
>
> brian_z
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> wrote:
> >
> > My copy has ISBN 978 0 731 40710 1
> >
> > Pleased to hear you have a copy Tomasz - one for your family album
> > (something to show the grandkids one day) - well done -
> > congratulations.
> >
> >
> > Howard,
> >
> > Also pleased to hear the Aussies are 'up there'. We like to 'give
> it
> > a good go' and we are now working on a plan to beat the American
> > AllStars at basketball - it's a long term plan.
> >
> >
> > (I had better mention the Kiwi's are pretty good too or else they
> > will declare war and invade us).
> >
> > I am only guessing but I would say it is the Appendix: Resources
> > Section that has been customised for the little possums down under.
> > It does have Australian Edition splashed across the cover though.
> >
> > There is no Amazon.Aus
> >
> > It is a pretty amazing business achievement that they have managed
> to
> > turn us into international clients - I buy quite a few books from
> the
> > US site - pay an arm and a leg for postage and it is delivered from
> > all over - sometimes Germany(?)
> > Not very parochial but I figure since they have made it possible
> for
> > me to ' read inside' and scan the content of trading books, that I
> > can't look at in my local store, they deserve the business (the
> > savings I make by minimizing disappointing purchases outweighs the
> > extra costs).
> >
> >
> > Cheers,
> >
> > brian_z
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Tomasz Janeczko" <groups@>
> > wrote:
> > >
> > > Hello,
> > >
> > > It is "CHARTING for Dummies" Australian Edition ISBN 0-7314-0710-
> 5.
> > > I have received a copy from published and on page 359 it says:
> > >
> > > "The most flexible and easy to use software is AmiBroker (...)
> its
> > programming
> > > language is flexible enough to allow you to program anything you
> > dream up.
> > > Backtesting is a breeze and it has portfolio management
> > capabilities. (...)
> > > Best of all, though, is the price - it's by far the best value
> for
> > your dollar"
> > >
> > > Two of Australian co-authors are AmiBroker users.
> > >
> > > Best regards,
> > > Tomasz Janeczko
> > > amibroker.com
> > > ----- Original Message -----
> > > From: Howard B
> > > To: amibroker@xxxxxxxxxxxxxxx
> > > Sent: Thursday, June 05, 2008 2:25 PM
> > > Subject: Re: [amibroker] OT: Charting For Dummies
> > >
> > >
> > > Hi Brian, and all --
> > >
> > > Australia is at the forefront. Over half of all my orders for
> > Quantitative Trading Systems go to addresses outside the US. And
> > about half of those go to Australia.
> > >
> > > I find Rockefeller's "Trading for Dummies" in Amazon (US
> > website), but it makes no reference to AmiBroker. And there is no
> > separate Amazon for Australia. Can you post the ISBN number from
> the
> > book you are reading?
> > >
> > > Thanks,
> > > Howard
> > >
> > >
> > > On Wed, Jun 4, 2008 at 6:20 PM, brian_z111 <brian_z111@> wrote:
> > >
> > > Currently reading "Charting For Dummies" by Barbara
> Rockefeller
> > (Wiley
> > > Publishing Australia) and noticed that AmiBroker is the No1
> > recommended
> > > software in the resources section (refer to the Appendix).
> > >
> > > It is the Aus version of the US Dummies book - adapted for
> Aus
> > by Ken
> > > Henderson, Larry Lovrencic and Peter Pontikis (one of them
> must
> > be an
> > > AB user).
> > >
> > > FTR:
> > >
> > > I am enjoying the book - I like Barbara Rockefeller's style
> (of
> > course
> > > it is very basic, so that even a 12 year old can understand
> it,
> > but the
> > > core concepts are well worth grinding into the brain!)
> > >
> > > brian_z
> > >
> >
>
------------------------------------
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