Good book for basics? Channel Surfing Michael Parsons


Senior member
2,137 231
I have heard this is a good book to develop a trading methodology from a basic level in technical analysis. The source is quite clued up but I have not seen it on the book reviews section on T2W.

Anyone read it?

Thank you (in anticipation)


84 1
I haven't red it yet. But amazon reviews look nice:

"This book is among the best you will find on trading. It is based on pure technical charting, no fundamentals here. The author shows how to draw correct channel lines on charts of any time frame. The principles of the book is to make trading decisions based on the inside and outside channel lines. In an up trending market you buy on pull backs to the lower channel line and sell when the stock/commodity breaks the upper channel line. In down trending markets you short the stock/commodity when it is at the upper channel line and cover the short when it breaks the lower line. This is the best way to trade 90% of the time, it works! "
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