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Registered User
Joined: 7/18/2005
Posts: 1
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I have read most of the beginners’ books and would like some suggestions on more advance TA books or courses.
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Registered User
Joined: 9/1/2005
Posts: 16
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Try some of these (buy from Amazon, best prices, especially on some of the pricey ones)
-Technical Analysis of Stock Trends, 8th Edition by Robert D. Edwards
-Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris
-The Candlestick Course by Steve Nison
-Technical Analysis from A to Z, 2nd Edition by Steven B. Achelis
-Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy
-High Probability trading by Marcel Link (A trading book, but half of the book is on Technical Analysis, good read).
These are just a few to keep you busy. Good luck!
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Registered User
Joined: 1/1/2005
Posts: 35
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Trading For A Living......Elder
Intermarket Technical Analysis...Murphy
Reminscences Of A Stock Operator...Lefevre
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Registered User
Joined: 8/21/2005
Posts: 8
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Stock Market Stratagem:... Braden Glett.
Not one of the better known books, but having read a lot of books on investing, if I had to choose only 1 book to apply to my investing, that would be the book.
Jefferson
visit my blog (URL removed by moderator)
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Registered User
Joined: 10/3/2005
Posts: 3
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Registered User
Joined: 12/19/2004
Posts: 457
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For somthing a bit different, I'd recommend:
Cycle analysis: J.M. Hurst Profits in Stock Transaction Timing.
Elliott Wave: Robert Pretcher--Elliott Wave Principle
Elliott Wave: Steven Posner--Applying Elliott Wave Theory Profitably
Trading Systems: Perry Kaufmann--Trading Systems and Methods
Trading Systems: Encyclopedia of Trading Strategies
Momentum Analysis: Marting Pring on Market Momentum
Volatility: Bollinger on Bollinger Bands
Intermarket Analysis: John Murphy (BOTH editions).
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 Gold Customer
Joined: 3/10/2005
Posts: 12
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Like many of the previous recs; probably my fav is Bollinger on B Bands. Sounds weird but good info on "multicollinearity" trap; i.e. make sure your indicators don't sing the same song.
For a different perspective try T.Dorsey on Point and Figure Charting. From some previous posts you can see I try to avoid cap-related averages in evaluating sectors. I'm a fan of the bullish percent theory espoused in the P & F methodology.
Good luck in your search.
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Registered User
Joined: 3/25/2005
Posts: 67
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How I Trade For A Living – Gary Smith
This book turned the light on for me and helped cure me of oscillatoritus. If it had been written about 5 years earlier, I might have gotten a lot more out of the great bull run of the 90’s and lost much less (or even profited) in the ensuing bear market. Chapter 12 – The Nitty-Gritty of Trading – contains excerpts from the author’s trading diary and should be studied to get a look into the mind of a successful trader as he makes his day-to-day decisions. Uses what I call slow-motion tape reading (momentum and divergence/relative strength anomalies of end-of-day prices) and price patterns for entry and exit signals. Also covers the use of sentiment as another perceptual filter to aid in decision-making. The bibliography, as are most bibliographies in trading books written by traders, is another highlight of the book. Most of the remaining books on this list are either referenced in this book or are referenced in the books that are referenced in this book.
How To Trade In Stocks – Jesse Livermore
Much more meat, in my view, than Reminiscences of a Stock Operator. I wish I had understood the profoundness of the following quotes earlier in my trading years:
“… I never benefited much from a move if I did not get in at somewhere near the beginning of that move. And the reason is that I missed the backlog of profit which is very necessary to provide the courage and patience to sit through a move until the end comes – and to stay through any minor reactions or rallies which were bound to occur from time to time before the movement had completed it’s course.”
“… the ability to find the main turning points, the Reversal Pivotal Points, in the long trends is the most crucial and important thing a stock trader must do.”
“… I was generally moving along with the crowd, the herd, most of the time. It was when the ‘change in trend’ started to [signal] the changes in overall market direction that was the most difficult moment to catch and act upon. I always was hunting for the clues to the change. … I was always ready to separate myself from the popular thinking.”
“It’s not the thinkin’ that makes the money – it’s the sittin’ and waitin’ that makes the money.”
Winning On Wall Street – Martin Zweig
I appreciate this book much more now than the first time I read it when I started trading. Most of the tools presented are geared toward highlighting anomalies that often signal major turns in the market. Good ideas for helping to find Livermore’s Reversal Pivotal Points. Enlightening coverage of market indexes and a good introduction to seasonal and sentiment indicators.
Stock Market Logic – Norman Fosback
Well-researched treatise on technical and fundamental market indicators, seasonal phenomena, market indexes. More good ideas for helping to identify the major market swings.
(New) Market Wizards – Jack Schwager
The thing that impressed me most about these books is that very few of the interviewees emphasize approaching the markets quantitatively. Too bad the impression didn’t take hold before I tried to divine the markets with indicator formulas.
The Battle For Investment Survival – Gerald M. Loeb
It’s amazing how little new trading advice has been articulated since this book was written in 1957. Most of the general themes that appear in all of the other worthwhile books about trading can be found here.
Zen In The Markets – Edward Allen Toppel
I found this book to be the best of the trading psychology books that propose looking at the markets with an eastern vs. occidental mindset – an approach that definitely has it’s merits despite some of the new-age psychobabble that you have to sift through. One of the underlying themes from these types of books: Don’t expect to understand the dynamics of running water (the market) by studying it in a bucket (from isolated/static/preconceived viewpoints) – this is actually paraphrased from “The Tao Jones Averages” by B.W. Goodspeed.
Why The Best Laid Investment Plans Usually go Wrong – Harry Browne
In my opinion, no new would-be trader should be permitted to have a brokerage account before reading this book. The problem is, most new would-be traders would not appreciate the message until doing, for themselves, most things that this book warns not to do.
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