Yep, and the backtest part is priceless, it cuts through all the crap and reveals what works and what does not work as far as trading strategies are concerned.
I like these "just meat and potatoes" trading books.
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Advanced books on technical analysis?
- Thread starter kroxobor
- Start date
Yep, and the backtest part is priceless, it cuts through all the crap and reveals what works and what does not work as far as trading strategies are concerned.
I like these "just meat and potatoes" trading books.
You can also try the "Compleat Day trader" (Volume 1 and 2) by Jake Bernstein.
Plenty of profitable trading systems plus their TradeStation backtests.
Or The Dow Jones-Irwin Guide To Trading Systems, by Bruce Babcock, another classic that shows historical tests of various trading systems and strategies in 10 different markets.
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There is no such thing as advanced books.
trading books can be classified as
1. books for school children
2. books written by unsuccessful traders
3. books written by successful traders
even for category 3, most of these books don't talk about timing
and when / what not to trade.
they don't really teach you how to enter the market precisely.
bottom line?
we can still learn from books.
but be prepared to decontaminate your mind, and develop your own holy grail
trading books can be classified as
1. books for school children
2. books written by unsuccessful traders
3. books written by successful traders
even for category 3, most of these books don't talk about timing
and when / what not to trade.
they don't really teach you how to enter the market precisely.
bottom line?
we can still learn from books.
but be prepared to decontaminate your mind, and develop your own holy grail
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The math(s) will be exactly the same, but without the troublesome methodological baggage.
you mean a primary school kids maths.
The good think about TA is that you can be dumb as a bag of bricks and still understand it
Nice suggestion. Anyway any recommendations of books to read?Scratch out the term "Technical Analysis" and try something that contains "algorithm".
The math(s) will be exactly the same, but without the troublesome methodological baggage.
Some of them do, they give you specific buy/sell entries with specific stop and exit, plus the backtests and sometimes the programming code itself.
I personally read hundreds of trading books so I know.
But granted, most trading books just give you trading ideas, not specific trading rules.
Perhaps because their systems suck big time... hahahaha
Oh yeah?
Try to understand and apply Elliot Waves theories or Gann cycles for instance, if you dare
There you go...good luck.
Get them all and return the ones you do not like. In fact, do the same for any other topic related to trading.
My point, learning to do your own research is a good skill to have as a trader.
wrbtrader