Posts Tagged ‘book review’

  • Stock Market Video Trend Analysis 12/22/08
    , December 22nd, 2008 at 4:40 pm


    Here’s a new BOOK REVIEW from ANDREW HOROWITZ

    If you are thinking of attending the seminar with myself and Tim in NYC on Feb 21, 2009, here are 10 REASONS to attend.

    Here are another 754 reasons to attend, these are my trades from today. Ignore the negative commenters on Tim’s site, I do.

    I am putting some new daytrading material together for this seminar, it is material I have never presented before.

    SANTA RALLY? THIS GUY NEEDS SOME HELP

  • Top Ten Trading Books Ever Written
    , September 30th, 2008 at 5:44 pm

    Ed Dobson is a trader and owner of TRADER’S PRESS, a financial bookstore which operates online and at tradeshows through out the country. He just reviewed my book and I am honored to have my book included in his “top ten trading books ever written.” Below is his review.

    Purchase YOUR COPY TODAY

    Book Review of: Technical Analysis Using Multiple Time Frames
    Author(s): Shannon, Brian

    One of my favorite actors (Al Pacino) said in one of my favorite movies (The Scent of a Woman) “I’ve been around, y’know!” I might modestly say that I too have “been around” books and literature on trading for a long time, almost fifty years….and have literally read hundreds of books on the subject. The majority of them fall into the category of SSDD (same stuff, different day)….and I’ll confess that it takes something truly new and unusual to impress me. Brian Shannon’s new book, Technical Analysis Using Multiple Time Frames not only impresses me, it earns a place in my “top 10 trading books ever written” list.

    I’ve had the pleasure of meeting Brian at a number of trading seminars and discussing his approach to trading. Long before his book came out, he impressed me as a particularly savvy trader with a wealth of knowledge well worth listening to…again, a rare situation. His book corroborates this early opinion of him, and represents a valuable contribution to trading literature. It expands greatly on some of the ideas on another old favorite of mine (Stan Weinstein’s Secrets for Profiting in Bull and Bear Markets), adds valuable and detailed insights into the psychology of market participants, gives greatly detailed guidance on the specifics of how he trades, and emphasizes the most important elements necessary to achieve success in trading (discipline, detailed plan, removing emotion for decision making, and many others). A book from a “real trader” is worth far more, in my estimation, than one that is written from the “safety of the sidelines”. And this is one of the best that I have seen.

    Perhaps the reason I like this book so much is that it mirrors closely my own beliefs on trading, which were gleaned and formulated over many years. Dominant themes throughout the book include the fact that price is the most important factor to consider, nothing else (even volume, which often expands after price moves, not before); that one must trade only what one sees, not what one thinks; the supreme importance of avoiding large losses and protecting capital; how one should listen only to the market and to price action, never to opinions; and perhaps most importantly, that in order to have the odds in one’s favor, one must trade with the prevailing trend (and not just the major trend, but the intermediate and minor trend as well).

    Perhaps the most significant and important contribution of this book is the detailed manner in which the reader is shown how to enter and exit trades just at the moment when they should begin “working”, and not a moment sooner, thus permitting very close protective stops, which minimizes risk to trading capital. Shannon describes himself as a momentum trader, and takes positions only when all timeframes are in alignment with each other, from long term charts down to a 10 minute intraday chart. This is the first, and I believe the only book which offers concrete guidance in precisely how to correlate multiple time frames in order to fine tune trades with a high probability of success and a low risk.

    Many “good” books on trading are “dry”, boring, and difficult reading. This one is easy and entertaining to read, clearly written, and replete with sound trading advice and “nifty” sayings that are easy to remember (“from failed moves come big moves”; “Human nature is the only constant in an environment constantly in a state of flux”; “risk is your constant companion”; “discipline and patience are your friends, emotions are the enemy”). The detailed descriptions of “stage analysis” and the psychology of market participants as price patterns unfold are well done.

    If you are a long term, value oriented investor who reads 10-K’s and balance sheets, and selects stocks based on PE’s, book value, and other fundamentals, I doubt this book will hold much value for you. But if you are a focused, serious short term trader, it may just prove to be one of the most valuable books you ever read.

    Review by Edward Dobson
    President, Traders Press Inc.

    Purchase YOUR COPY TODAY

  • Stock Market Video Trend Analysis 8/29/08
    , August 29th, 2008 at 4:13 pm

    Here is a HIGH RESOLUTION VIDEO DOWNLOAD for today.

    Read the full review from SMARTGUYSTOCKS

    “First, let me preface my first book review by noting that I am extremely skeptical of marketing experts who sell trading systems and technical analysis products. However, I believe the Internet will allow a handful of successful investors and traders to build a loyal following if and only if said followers can make money. Brian is going to be one of those success stories.”

  • Stock Market Trend Video Analysis 7/25/08
    , July 25th, 2008 at 2:56 pm


    If you have time this weekend, sign up for a free trial to INO TV (no credit card required). They have an amazing collection of educational seminars from experts like; Linda Raschke, Larry Williams, JOe DiNapoli, John Bollinger, Gerald Appel and dozens of others. There are hundreds of hours of seminars and many of them include a PDF manual. If you sign up for a year it only costs $100, which is a great deal! Click the banner below to sign up.

    Chris Perruna gave me a NICE BOOK REVIEW on HIS SITE today. If you are unfamiliar with his work, he does an excellent job and his is one of the few that I regularly view.

  • Stock Market Video Trend Analysis 7/18/08
    , July 18th, 2008 at 6:55 pm

    Hi Brian,
    I’m a skeptic but It would be an injustice if I did not comment on your book. First of all, I would like to say many thanks. I personally think that you could have kept back some on the information in that book. I knew the book would deliver as promised.
    I have read many books since I decided to become a trader – Alexander Elder, Lawrence McMillan (on options), Alan Farley and others. They are great reads. Then came this book. It simply completes the whole package. I will follow the principles laid out in this book. I am going through meticulously. I will go through it again, again, and again.
    I follow your video each day on the market summary. I wonder why you this – freely putting in so much time (videos) to educate others Certainly there is a passion on your part
    Thank you kindly, again.
    Peter P

    Hi Brian,
    your book arrived in the mail the other day, and although I’ve only read the first chapter, I love how you’re so honest and come across with so much credibility and integrity too. Quite a change from alot of other get rich “just follow the system” books out there. Am looking forward to reading and implementing everything…

    Hi Brian just a quick note to let you know I received the book a couple of weeks ago. I took it to Mexico and started to study it! Ive read it twice and will read it again this week! Thank you very making the market make sense!!! A clear and educated approach indeed! One that I know I will profit from! I will recommend it to many at the trading forums I belong to.
    Andrew

  • Stock Market Video Trend Review 7/17/08
    , July 17th, 2008 at 3:42 pm



    Stock Market Trend Analysis 7/17/08 from brian shannon on Vimeo.

    Brian,
    When I received your new book, TA Using Multiple Timeframes, I read through it quickly. Now, the second time through, I’m taking notes. I’ll probably read it again and highlight areas as I read it. Recognizing the four stages of a stocks “lifecycle” and what stage they are currently in is very helpful. Understanding why the market moves as it does, why there are support and resistance levels, what the psychology is behind some of the moves, etc. is very valuable. I’ve been actively trading for 5 years now and I could have saved a lot of time, trouble, and money if I had read this book a few years ago. I’m learning to hear “the message of the market”, in the language of supply and demand, with the final arbiter being price. “Trade what you see, not what you think will happen”. Realizing that corrections take place in two ways – through price or time – is another gem among many. I’ve enjoyed the illustrations too; they help drive the points home, e.g. the bouncing ball on p. 17. Great job!
    Tom

    Brian,
    I just finished reading your book again and am still finding new information I did not retain the first time. It is a great book and looking back at some of the bad trades I made in the past, this book would have saved me allot of money.
    Thanks for your help.
    Regards,
    Brad B

    Hey Brian
    i’ve just finished reading your book for a second time and can i just say it’s like been hit by a freight train of knowledge. everything you lay out in your book can be put into use immediately and your book acts as a great reference point for future.
    i have recommended this book and your site to a few friends of mine that are thinking about trading.
    Great work my friend
    Chris
    from Great Britain

  • Stock Market Video Trend Analysis 7/16/08
    , July 16th, 2008 at 3:30 pm

    Brian
    Just finished your book, and all I can say is WOW!!! I was a market maker on the CBOE for several years, and all I can say is I wish I had read a book like that 20 years ago my career would have been a little less frustrating. Thanks again for all your hard work and sharing with others.
    Richard R

    Hi Brian,
    I was very impressed with your book “Technical Analysis Using Multiple Timeframes” and I read it with great enthusiasm. Your book is not overly technical or complicated and the methods taught are extremely sound and brilliant.
    Your book provided me with the psychology behind the charts and clearly explained the market forces that affect the up and down swing of stock prices. You clearly explain the quirks of supply and demand with great intelligence, sensibility, understanding and most important simplicity.
    I cannot praise you enough for teaching me to become a more disciplined trader, to keep my losses small and to focus on trading only with the major long term trend. I have confidently learned to recognize the trend and to wait to get in at the precise time long or short. I made $880.00 today using the lessons I learn from your book. It more than paid for itself in one trade.
    In my opinion, “Technical Analysis Using Multiple Timeframes,” is a “MUST READ” for anyone determined to consistently make money in the markets.
    Thanks again Brian keep up the great work!
    Peter

  • Stock Market Video Trend Analysis 7/15/08
    , July 15th, 2008 at 3:43 pm


    Bought the book and loved it. Before now I’ve never really understood how to set reasonable stops that wouldn’t leave me broke. It also helped me to understand how and why you would want to buy on strength rather than try to take advantage of a pullback, something that has caused me endless difficulty. Thanks so much for making your knowledge available to all of us.
    Kitzel H

    Hey.. I love your book, great info.
    Jeremy V

    Hello Brian,

    First of all, let me say I really enjoyed the book. I appreciate your generosity in sharing what years of experience in the markets has taught you. I am sure that reading your book will affect my bottom line positively.
    Thank you.
    Jonathan

  • Stock Market Technical Analysis Trend Review 7/14/08
    , July 14th, 2008 at 3:51 pm


    Be sure to check out Andrew Horowitz’s INTERVIEW with Brett Steenbarger. Thanks for the book plug too, Andrew!

    Just got it. Thank you very much
    for “not” putting it into “computer dweb”
    “squint size” fonts. It never ceases to
    amaze me that with all the use of computers
    people will put out books, pamphlets, articles, etc.
    in small fonts dictated by some computer person
    as detailed above. Obviously, you did not and
    additionally you put it in a nice size, one up
    from what is usually the standard of 5 x8 or
    thereabouts. You made it real convenient to learn. Thanks
    Brian, sorry to have not gotten to Ontario this
    weekend but had other stuff to do and anyway
    I wanted to have read your book before meeting
    you. Again, thanks, dan z

    Hi Brian-Your book is over the top great. It brings to mind the saying “…give a man a fish and he eats for a day, but teach him how to fish, and he eats for a lifetime.”
    If someone has a bit of capital and the good sense to follow the disciplines that you lay out in such an incredibly concise manner, they will quite literally
    thrive in the market.
    Please allow me to express deep gratitude for what is essentially a remarkable gift….not only the book but, just as importantly, your generosity of spirit.
    Best wishes,
    Robert J

  • Stock Market Video Trend Analysis 7/11/08
    , July 11th, 2008 at 4:12 pm



    I counted my books on options and technical analysis this PM – I have 37 of them (ranging from classics to a whole bunch of new ones). I can honestly say, after finishing your book this PM, it is by far the best book I own. Just a fantastic job…..way to go.
    I loved everything about it. I especially liked the last chapter that showed how you tackle this business. I only wish there was more specific examples. As we talked in Vegas, I hope you start a paid service soon that shows your subscribers more detailed trades (some intraday).
    It is going to take years for people to get to your level of understanding….. There is a lot to learn via school of hard knox, but we can only go through this journey one step at a time…….
    Thanks again…..the best $80 I ever spent
    Frank F

    Brian,
    I want to thank you for writing such an easy to read, no fluff, eye opening book on technical analysis. In reviewing my trade journal and charts, I was an “amateur” technician but I’ve already implemented changes to make me a better trader thanks to you. I’ve been full time trading for two years and my only trading education was taught through Investools which gave me a good overall basis but as a swing trader I was taught on the daily charts only. In so many trades I was whipsawed and gave back all kinds of profit where too many trades turned into losses by basing my exits on the daily chart only. Your trend alignment and executing on the shorter term timeframe was one of those “Aahha” moments. I’ve always felt close to being a really good trader, I followed my rules, had a plan, stuck to my stops etc. Your book was the final and biggest piece to the puzzle for me on why I wasn’t doing better.
    By the way, the font size, color charts and book binding were great as well. The book would lay flat as I took notes, seems minor but it made it easier.
    Of course, thanks for your work on the blog as well. Many “successful” traders (I think) I had previously followed always made a point by bragging about this or that trade which made me feel like a bad trader if I missed a move. I have always appreciated your professionalism.
    Sincerely,
    Andy T

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