Product Description
Unlike most technical analysis books, Gerald Appel’s Practical Power Tools! offers step-by-step instructions virtually any investor can use to achieve breakthrough success in the market. Appel illuminates a wide range of strategies and timing models, demystifying even advanced technical analysis the first time. Among the models he covers: NASDAQ/NYSE Relative Strength, 3-5 Year Treasury Notes, Triple Momentum, Seasonality, Breadth-Thrust Impulse, and models based on… More >>
bought this book beacause of macd – ok but nothing more. the rest of the book is more or less useless. For me it sees that he wrote this book because of what he had to say about macd. absoluttly wate of money and time. do you want the best go to a. elder. he si the best.
Rating: 1 / 5
If you consider yourself as a serious global macro type of stock market trader, this book is an absolute must along with Stock Traders Almanac by Yale Hirsch. This book is complete compilation of 30+ year market veteran
who has many tips and tricks to help your trading.
Rating: 5 / 5
This is a good book to technical analysis. The value of the book in the four (4) modes of the market and his explanation of his MACD System.
Rating: 4 / 5
Buried in this book are clues that point to widespread misconceptions about the MACD.
The clues are
1. Hints at not waiting for the MACD lines to cross to start buying
2. A calculation of MACD Histogram that is different than most, but not all, charting websites and software
3. Suggestions on circumstances to slow down and sometimes skip MACD sell signals
Experienced traders may spot the differences between Appel’s approach in this book and what is often bandied about regarding the MACD. I think it would have been even more helpful if the author had addressed the differences and pointed out any common misconceptions directly. Having done some backtesting of the MACD, I think the book needs more specific, objective details on how to anticipate MACD lines crossing and recommendations for using the MACD histogram or Appel’s histogram, as I have come to call his way of plotting it.
I reckon that reading the book years ago and thoroughly understanding the nuances of how Gerald Appel uses the MACD would have helped me, especially in 2007. Since then, I’ve seen the value of backtesting. The good news is that many sections of this book show historical test results. However, I was a little disappointed not to find backtesting results for the MACD in this book. Test data is rarely included in trading texts so it is probably a bonus to get the data that is presented in this book.
The author emphasizes synergy and gives specific instructions for using other market-timing power tools — along with the MACD and sometimes even without the MACD. In fact, the MACD is only one chapter. But MACD is why I came to the book and I suspect many other readers do the same, so that’s where I focused most of this review.
Besides the MACD, the book has instructions on key indicators of market internals and health. It also gives rules of thumb for estimating duration and extent of market moves, using chart patterns, and it covers moving average channels.
Bottom line: Worth reading to get the benefit of the experience of Gerald Appel, the man who invented the MACD and has seen a lot more than the current boom/bust cycle.
Rating: 4 / 5
The content of this book is very usefull for middle to experienced traders. Gerald has a very clear approach and written information, with useful hints on Technical Analysis. He starts with a Mutual funds analysis and evaluation overview. Very useful for the ones are managing funds or are planning to do so. After it, he goes to some new Chart readings and a lot of analysis over historical stock indexes. He cover some traditional charting readings as triangle, Head and shoulders and others. He explainings about market cycles, T Formations on charts to preview end of cycles and the MACD chapter, itself, it’s a mandatory read to the ones who apply MACD on their daily analysis. He presents MACD with different timeframes and reading with 2 o 3 different MACDs to initiate and finalize trades, very usefull ans interesting. In the end of each chapter, he prepared an resume of all the chapter and its hints…very nice and fast for consulting….It’s a nice book for reading and consulting over the years.
Rating: 5 / 5