Outperforming the Markets Using Relative Strength and Breadth Analysis
N**R
A comprehensive book about relative strength.
I have learnt a lot of from reading this book and also recommend this to anyone who want to build their knowledge about relative strength.It is the best book ever i read about relative strength.What I learnt .Here are the key points.1-Adaptive moving average and ratio charts.2-How to use moving average to find the trend whether it is a uptrend or downtrend for any asset class,sector and stock etc.3-Many other indicators to find the trend and relative strength and market sentiments.4-Normalize a chart to find out the outperformer in a group of stock ,sectors and asset class.5-Most important thing I learnt is to use point and figures chart to avoid noise of the market.6-Turtle strategy using p & F charts and candle stick pattern as well.in P & F chart we can take a trade using a break out of 5 X and in the candle stick pattern we can set a trade using 2o days high .7-Top down approach to find the trending /outperformer asset class then sector and then stocks from that sector.After tha we can go to charts and take a trade with the price action.
D**E
Wonderful bokk
The media could not be loaded. I have been using RS in my trading since long time,but i wanted dedicated book on Relative strength and here I found this masterpiece.It's a wonderful book . I received original Book , quality of Book and valuable containt make this Book special for me.Highly recommended.
V**R
Power of relative strength to benchmark index
Small chapter wise should be covered.
R**E
A must for all the market participants
I am a huge fan of Prashant Sir. While I was going through few videos on YouTube I somehow saw Renko Charts. Then in my further detailing I got to go through Prashant Sir's webinar on Renko on elearnmarkets. Then I got introduced to Definedge web site and my journey towards discipline and objective trading started. I attended their Pathshala program which is reasonably priced and learnt Point N Figure charting and instantly fell in love with it. Prashant sir guide us through his webinars, tweets, messages, etc. He is an amazing teacher like funsuk wangadu😊 who simplifies complex concepts with ease. In this book ,he has beautiful explained the importance of Relative Strength, Ratio Charts, Breadth analysis, systems etc which are the must have skills for any trader or investor. I would recommend you to read his two books also. Those books will help you learn basics of Renko n PnF charting. This book is my favorite as it is very useful for everyone. A must buy guys. Don't miss on to it. Thank you Prashant Sir for sharing your wisdom with us and I always look forward to learn from u.
A**E
Excellent Book. A must read for all market participants.
This book is by far the most insightful book that I have read in the past 2 years. All the other books that I read earlier either focussed entirely on the strategy that worked for the author or a method that one could try and work on without addressing the most important challenge that every trader or investor faces - "stock selection".This book is purely written with the intent to help all the market participants to deal with the biggest issue of stock selection. Once you are able to select stocks in a logical manner you can use a system that you are most comfortable with to trade those stocks.
S**M
Abt the Book - OK
About Book printing and paper quality is good.Book content is Ok , if you altogether new to RSI and Mkt Breadth analysis. This is Ok kind book. It gives you all good start about subject. This is book talks about stock/ selection. OK for me, I learn new way of stock selection.
A**R
Noiselessly outstanding!
It is relatively easy to be complex. But it is tough to be simple. And here is where Prashant Shah and Team Definedge score! Converting complex constructs like Relative Strength, Breadth etc into simple understandable language is the hallmark of this book! Common place metaphors used to explain things, objectivity, simple to use and understand and very very implementable-these are words which come to my mind while reading this book. Also, it goes on from fundamentals to the more esoteric. Truly outstanding and very strongly recommended! Truly a definitive guide to Relative Strength, Market Breadth and Point and Figure!!! Way to go, Team Definedge led by Prashant....
N**H
Excellent Learnings!
Prashant as usual is brilliant in simplifying things to an extent which makes non-financial guy like me to understand and analyze charts at comfort. His previous 2 books on noiseless charts gave me confidence in reading charts and this book further simplifies to sort and invest in stocks in huge basket which are better performances as compared to benchmark. The amount of zeal and knowledge he has shared in this book exceeds my expectations of learning from this book.
S**H
Snake Oil Under the False Pretense of a Meticulous Disciplined Approach
I've studied this book and the author's Renko chart book and on the basis of both, I conclude he writes professional-looking texts with mundane insights and seemingly promising approaches which aren't of any value in real-time. The Renko book concerns some novel metrics the author developed, but he conveniently deprives the reader of the means to reproduce those on his own. Despite the elaborate wind up, the reader is left with no new tradable ideas validated through anything close to a backtest. This book, which is almost exclusively focused on relative strength despite "market breadth" being in the title, fails even to clearly explain the context by which to measure the former, and the vague description the author manages to include is directed only to the Indian stock market. He offers absolutely zero new reproducible trading techniques and/or insights which demonstrate alpha. It's amazing to me that someone can go to such lengths to write and produce seemingly carefully crafted, professional-appearing texts purporting to show "outperformance" while ultimately revealing no discernible edge whatsoever, but that is my conclusion. I challenge anyone to refute my seemingly harsh assessment.
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