Marber on Markets: How to Make Money from Charts

By Brian Marber

Overview

"Marber on Markets" is a practical guide to technical analysis by Brian Marber, a veteran London-based technical analyst with decades of experience advising institutional clients. The book distills Marber's approach to chart analysis into a accessible framework focused on the tools and techniques that he has found most useful in professional practice.

Key Themes and Arguments

Chart Construction and Types

The book covers the fundamentals of chart construction including bar charts, candlestick charts, point and figure charts, and the choice of arithmetic versus logarithmic scaling. Marber explains when each chart type is most appropriate and the information advantages each provides.

Trend Analysis

A central theme is the identification and analysis of market trends using trendlines, channels, and moving averages. Marber provides specific rules for drawing trendlines, evaluating their significance, and identifying when a trend has changed.

Chart Patterns

The book catalogs the major chart patterns including head and shoulders, double and triple tops/bottoms, triangles, rectangles, flags, and pennants. For each pattern, Marber provides identification criteria, volume characteristics, measuring objectives, and failure rates.

Moving Averages and Indicators

Marber covers the use of moving averages for trend identification and signal generation, along with momentum indicators such as RSI, MACD, and stochastics. He emphasizes the importance of using indicators in conjunction with chart analysis rather than in isolation.

Professional Application

Drawing on his experience advising institutional clients, Marber addresses the practical challenges of applying technical analysis in professional money management, including the integration of technical and fundamental analysis, the communication of technical views to non-technical audiences, and the psychological discipline required to follow signals in the face of contradictory fundamental information.

Note

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Significance

Marber's book stands out among technical analysis texts for its professional orientation and its emphasis on the practical judgment required to apply chart analysis effectively in real-world investment management.