The Best TA Book Ever Published!!

marketsurfer · Oct 27, 2006

Quote from JimmyJam:

Nice quote.

Despite everything, I'm very tempted to look into it.

JJ

edit: it's a good quote because my evidence shows that establishing position bias is the first task of having a good trade entry - notice I did not say trading system, we all know there's a lot more involved with a good sytem than entering trades.

you should check the book out. it is my opinion that you will appreciate it and develop new ways of looking at the market as a result.

best regards,

surf

ProfLogic · Oct 27, 2006

Quote from Fractal:

I think one of the sticking points with TA practicioners is that they do not rely on a small set of variables in a vacuum. You do not buy just because of an MA cross, but in certain conditions (futures approaching yesterday's highs, lack of bearish news and weak earnings for the day, Fed paused three days ago, similar company in the sector making new highs), an MA cross or a high and tight penant can provide a good enough picture of market sentiment.

TA -- or charts, really, applied in a comprehensive manner, cannot be well analyzed by running a few variables through 10 years of data. Chart patterns by themselves cannot and should not be divorced from larger market/sector conditions, which often fluctuate so much and then suddenly all snap into focus in one instant to provide a signal.

The argument to me seems to be more between people who want everything to line up exactly in black and white, and demand that TA serve their needs, and those who simply use TA as a measuring tool -- primary, secondary or otherwise.

If any specific version of TA is based on "variables" the outcomes can not be consistent. One can base a system on a small set of specific rules, treat them objectively and treat the market they are applied to as if it were a vacuum if the environment is fixed and non-varying (I do this using Volume Bar charts and a single indicator to confirm market strength). Remember I said the environment, not the market is non-varying. Price within each market oscillates continuously.

You are right though in saying that people using TA "want" everything to line up but are hard pressed to find the environment that will happen in. Some of can create it AND understand why it can exist.

marketsurfer · Oct 30, 2006

Very interested in hearing others opinions on the book. Let me know what you think!

thanks,

surf

Avalanche · Oct 31, 2006

When it is out for those of us that don't have the pre-release hook-up.

a5519 · Oct 31, 2006

Pump and dump is also valid for the books. This is a nice example.

Waterloo · Oct 31, 2006

Quote from Avalanche:

When it is out for those of us that don't have the pre-release hook-up.

Publisher: Wiley (November 3, 2006)

This is from Amazon. Wiley just says November. From what I've seen, this date is usually close.
(sometimes earlier by a day or two, or later by a day or two)

Edit: If anyone has pre-ordered it, they might be able to check their account to see if it's "ready to ship" yet. Ie. you can't cancel the order online anymore.

marketsurfer · Oct 31, 2006

Quote from Avalanche:

When it is out for those of us that don't have the pre-release hook-up.

Publication date is 11.10.2006

It's about time a non-voodoo real TA book is published.

Hopefully, this book makes an impact leading beginning traders to think the correct way about the markets.

regards,

surf

marketsurfer · Oct 31, 2006

Quote from Mom0/pH0x:

lets hope the publication of the book won't reduce the validity of its contents

i would not worry about this.

most will not put into practice what it teaches.

regards,

surf

David Aronson · Oct 31, 2006

I am the author of the book being discussed here. I can assure you that, although I am grateful for the nice things surfer has said about it, I have no connection or any special deals with him to say this.

I hope this clarifies the matter and I am glad that some folks have seen the value in the book.
David Aronson

LivermoresGhost · Oct 31, 2006

Quote from David Aronson:

I am the author of the book being discussed here. I can assure you that, although I am grateful for the nice things surfer has said about it, I have no connection or any special deals with him to say this.

I hope this clarifies the matter and I am glad that some folks have seen the value in the book.
David Aronson

Hey, could you post the table of contents here? Would like to take a peek...

Don't worry about surf, he won't turn on you for a while.

Also, there's an excellent librarian here by the name of Thunderdog. Perhaps you could send him a review copy for his shelves.