TA Book Thread
- Thread starter Dollardogs
- Start date
1000% is an understatement lol
Nice, I'll check it out. I still keep VWAP on my charts but have drifted away from using it so I could use some suggestions.
Lucky, I've found a couple at Goodwill on financial history but that's it. Maestro by Bob Woodward about Greenspan was a goodwill score and really good read.
Sweet, I'll start browsing them, try a couple.
- Murphy, "Intermarket Analysis: Profiting from Global Market Relationships": Given your appreciation for John Murphy's writing, you might want to check out this book. It delves into the interconnectedness of various financial markets (stocks, bonds, currencies, commodities) and how understanding these relationships can enhance your analysis.
- Appel, "Technical Analysis: Power Tools for Active Investors": This book goes beyond traditional technical analysis and incorporates intermarket analysis concepts. It explores how to use technical indicators in conjunction with macroeconomic data and market correlations to make more informed trading decisions.
- Gayed, "Intermarket Analysis and Investing: Integrating Economic, Fundamental, and Technical Trends": This book offers a comprehensive approach to intermarket analysis by examining the links between financial markets and their impact on investments. It covers both fundamental and technical aspects of analysis.
- Weiner, "The Complete Intermarket Analysis: Professional Strategies for Trading, Investing": This book provides insights into how various markets influence one another and offers practical strategies for trading and investing based on these relationships. It covers stocks, bonds, currencies, and commodities.
- Boroden, "Fibonacci Trading: How to Master the Time and Price Advantage": While not solely focused on intermarket analysis, this book discusses the use of Fibonacci techniques to analyze price and time relationships across different markets. This could complement your existing knowledge.
- Shilling, "The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation": While not exclusively about intermarket analysis, this book provides insights into how economic trends, including bond market dynamics, can influence other asset classes like stocks and commodities.
- Siegel, "Stocks for the Long Run": This book is more about long-term investing, but it does touch upon the relationship between stocks and bonds, which is a crucial aspect of intermarket analysis.
Only one of these I've read was the first one, which was good, but a bit outdated, so I've ordered Murphy's newer updated book on this topic, "Trading With Premarket Analysis." None of these other ones were on my radar at all, so thanks, I'm gonna check into them one by one, see which are up my alley.
ps - is the Weiner one you listed the right author? I'm not finding anything on Intermarket Analysis under that name.
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Intermarket, meaning? Across all asset classes? So what did you learn specifically from those books if you had to summarize it in one paragraph?
Well, your guess is as good as mine.
Knowing how each market interacts with one another does allow you to think out of the box though (ie. stocks to bonds, bonds to currency, currency to commodities, etc). But if you focus solely on one market like I do (and only look at price action on the charts), it shouldn't matter.