Hi all, what are considered the go to books for technical
analysis? I've got the basics and have been learning a ton from the
BP newsletters but also want something I can dive deeper into and
reference. Thanks!
Thank you all for the info. Have been focused on just trading a
couple setups the past 6 months and have done well but feel like I
need to be a bit more well rounded when it comes to TA, macro econ.
and def the psychological aspect of trading. Funny how when you
start trading you think it’s all about tactics but quickly realize
that it’s mostly all about the mental game.
exactly man - you can be the best chart technician in the word,
and a shitty trader because of your mentality, lack of trade
disciple and emotions, and poor money management. You can
also be a weak technician but a very good trader because you have
all the mental stuff nailed down and great money management - in
fact Steve and I both know a guy who is a really good trader at
what he does (he found a little niche) and just focuses on that,
but as a technician he pretty much sucks. The best of course
is to be well rounded and know both the technicals and have the
money management and mentality nailed. Too many guys when
first starting out only focus on the technicals thinking that if
they completely master the charts they will have it down - but the
other side is just as important, well in reality even more
so.
john Carter's Mastering the Trade...Robert Miners High
Probability Trading Stratagies...He is from tucson and he taught
carolyn boroden the fib queen whose charts cramer uses on his show.
last one is Tools and Tactics for The Master Day Trader..by velez
and capra all are good Carters is very practical and deals with
trading psychology as well. miners covers trading various time
frames and using say a 60min and daily charts to make a trade also
talks about his software which is good as well. also fib queen has
a book fibonacci trading and she uses miners software in her
trading she also works with john carter. she also uses symmetry and
discusses in her book. all good books i also own trading in the
zone steve mentioned excellent book as well..hope that helps..
I'm into math and stats so I like the Encyclopedia of Chart
Patterns as the author tries to quantify the patterns by amassing a
huge group of them, then doing stats on them such as winning
percentage, draw down, false breakouts etc,
There's a new version however can read the original for free!
Here's a PDF, just over 1000 pages!
again - keep it simple: I suggest one book on technicals
(which I just pointed out a FREE version for you so you can pull it
right up in your browser right now and not spend any money, start
reading tonight.
and one book on trading psyche, money management: such a trading
in the zone, etc
and remember just being a member of BPT - just over time you
learn technicals from looking at all the charts from our
newsletter
Posted by shinkans3n on 1st of Jan 2019 at 08:42 pm
Thanks guys. Listening to your daily commentary has been amazing
as well (I’m only 3 months in). I feel like I’m learning and
retaining A LOT. I’ll check out these recommendations too :)
Hi all, what are considered
Posted by davidw on 31st of Dec 2018 at 01:27 pm
Hi all, what are considered the go to books for technical analysis? I've got the basics and have been learning a ton from the BP newsletters but also want something I can dive deeper into and reference. Thanks!
Thank you all for the
Posted by davidw on 1st of Jan 2019 at 02:50 pm
Thank you all for the info. Have been focused on just trading a couple setups the past 6 months and have done well but feel like I need to be a bit more well rounded when it comes to TA, macro econ. and def the psychological aspect of trading. Funny how when you start trading you think it’s all about tactics but quickly realize that it’s mostly all about the mental game.
exactly man - you can
Posted by matt on 1st of Jan 2019 at 04:10 pm
exactly man - you can be the best chart technician in the word, and a shitty trader because of your mentality, lack of trade disciple and emotions, and poor money management. You can also be a weak technician but a very good trader because you have all the mental stuff nailed down and great money management - in fact Steve and I both know a guy who is a really good trader at what he does (he found a little niche) and just focuses on that, but as a technician he pretty much sucks. The best of course is to be well rounded and know both the technicals and have the money management and mentality nailed. Too many guys when first starting out only focus on the technicals thinking that if they completely master the charts they will have it down - but the other side is just as important, well in reality even more so.
Technical Analysis of Stock Trends
Posted by jdaswani on 31st of Dec 2018 at 02:00 pm
Technical Analysis of Stock Trends by Edwards and Magee
For trading psychology, "Trading in
Posted by steve on 31st of Dec 2018 at 02:46 pm
For trading psychology, "Trading in the zone" is the best book out there.
john Carter's Mastering the Trade...Robert
Posted by RP on 31st of Dec 2018 at 03:29 pm
john Carter's Mastering the Trade...Robert Miners High Probability Trading Stratagies...He is from tucson and he taught carolyn boroden the fib queen whose charts cramer uses on his show. last one is Tools and Tactics for The Master Day Trader..by velez and capra all are good Carters is very practical and deals with trading psychology as well. miners covers trading various time frames and using say a 60min and daily charts to make a trade also talks about his software which is good as well. also fib queen has a book fibonacci trading and she uses miners software in her trading she also works with john carter. she also uses symmetry and discusses in her book. all good books i also own trading in the zone steve mentioned excellent book as well..hope that helps..
+1
Posted by shinkans3n on 31st of Dec 2018 at 01:57 pm
+1
I'm into math and stats
Posted by matt on 31st of Dec 2018 at 03:35 pm
I'm into math and stats so I like the Encyclopedia of Chart Patterns as the author tries to quantify the patterns by amassing a huge group of them, then doing stats on them such as winning percentage, draw down, false breakouts etc,
There's a new version however can read the original for free! Here's a PDF, just over 1000 pages!
http://www.funtech.in/wp-content/uploads/2017/09/Encyclopedia-of-Chart-Patterns.pdf
again - keep it simple:
Posted by matt on 31st of Dec 2018 at 03:41 pm
again - keep it simple: I suggest one book on technicals (which I just pointed out a FREE version for you so you can pull it right up in your browser right now and not spend any money, start reading tonight.
and one book on trading psyche, money management: such a trading in the zone, etc
and remember just being a member of BPT - just over time you learn technicals from looking at all the charts from our newsletter
Thanks guys. Listening to your
Posted by shinkans3n on 1st of Jan 2019 at 08:42 pm
Thanks guys. Listening to your daily commentary has been amazing as well (I’m only 3 months in). I feel like I’m learning and retaining A LOT. I’ll check out these recommendations too :)
Bulkowski has a visual guide
Posted by sonofrebel on 31st of Dec 2018 at 03:57 pm
Bulkowski has a visual guide on his web site which is a handy reference
http://thepatternsite.com/visualcpindex.html