To answer the question "How to Become Better at Technical Analysis" I'd say start with familiarizng yourself with the fundamentals of market structure. Start with the basics, reading the classics like "Technical Analysis of Stock Trends" by Edwards and Magee and/or "Technical Analysis of the Futures Markets" by Murphy. You don't need to read the entire books, just the material on market structure, so you begin to gain an understanding of trends, consolidations, tops, bottoms, breakouts, pullbacks, upthrusts, shakeouts, and tests. The ways markets move and the structures they create along the way. Also the books by Justin Mamis - "The Nature of Risk", "When to Sell", "How to Buy". Read "Charting the Stock Market: The Wyckoff Method". Read one or two of the classics on Market Profile and/or Volume Profile, which will not only add depth to your understanding of structure but also how the auction market works. Read "The Art And Science of Technical Analysis" by Adam Grimes, which will pull a lot of the previous material together. Read them all and these books will give you various ways of looking at and interpreting the same fundamental elements of market structure.
The point is not to fill your head with a myriad of different approaches to interpreting the markets so that you experience information overload, the purpose is to recognize how they are all describing the same market structures from different perspectives. In this way your knowledge of structure has breadth and depth. Once you begin to grasp intuitively the larger picture of how and why markets move and what the structures mean in an auction market, you can then begin to find your own way to interpret the markets, perhaps utilizing and combining elements of the various perspectives you've come to understand.
The point is not to fill your head with a myriad of different approaches to interpreting the markets so that you experience information overload, the purpose is to recognize how they are all describing the same market structures from different perspectives. In this way your knowledge of structure has breadth and depth. Once you begin to grasp intuitively the larger picture of how and why markets move and what the structures mean in an auction market, you can then begin to find your own way to interpret the markets, perhaps utilizing and combining elements of the various perspectives you've come to understand.
