The Best TA Book Ever Published!!

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Part I : Methodological, Psychological, Philosophical and Statistical Foundations

Introduction
Chapter 1: Objective Rules and Their Evaluation

Chapter 2: The Illusory Validity of Subjective Technical Analysis

Chapter 3: The Scientific Method and Technical Analysis

Chapter 4: Statistical analysis

Chapter 5: Hypothesis Test and Confidence Intervals

Chapter 6: Data-Mining Bias: The Fool's Gold of Objective TA

Chapter 7: Theories of Nonrandom Price Motion

Part II Case Study: Signal Rules for the S&P500

Chapter 8: Case Study of Rule Data Mining for the S&P500

Chapter 9: Case Study Results and the Future of TA

Thanks for your interest,
David Aronson
 
Can you tell me more. Is it a lending library? Does TD do reviews for this list and others and how might I get in touch with him. Thanks
David Aronson
 
"the use of charts and/or chart tools in order to predict pending price action with greater than 50% accuracy"

That's my definition of TA. Anyone using price charts with plain bars or any amount of price movement indicators practices TA. "

um, no.

charts are an ELEMENT of (most) TA but they are not the only TA.

any analysis of price patterns (which of course can include volume, since volume is just price repeated)... is TA

if you trade without a chart, but just watch Time/Sales (and I have met a trader who can scalp the YM futures this way), that would still be TA.

simply put, TA is the study of PRICE

FA is the study of elements that affect price (earnings, management, etc.) but not of price qua price.

basically TA relies on the principle that by knowing the current price, and the state of market development (whether that be by charts, market profile, tape, tick, TRIN, VIX, WHATEVER) you can make entries/exits that will give you an edge.

i trade futures (i mostly scalp) with TA, and I happen to look at charts (as i think the vast majority of people do), but charts are merely a

REPRESENTATION OF PRICE OVER TIME.

they are simply a 2 dimensional model of price over a given time period. they are not a necessary element of TA, just a common element.

they are a way to visually model price and time.

there are other ways to visually model price and time than a conventional chart (a market profile graphic comes to mind)

and of course floor traders don't generally use charts, although they do have (to an extent) some sort of representation/memory of past key reference prices and volume in their heads when they trade

but don't think for a second that charts = TA. charts are not necessary for TA, just exceptionally common way to model price. and a useful one.
 
Useful information from market data demands a rigorous approach - scientific method and statistical inference. But the normal t-test does not work under usual TA practice.

Data mining works for finding useful rules but the conditions must be right. I discuss those conditions

Also results found via data mining need to be adjusted for data mining bias. I tell how that can be done and give away an algorithm for doing so. Of course out-of-sample testing will give unbiased results.

Go to the book store, get a cup of coffee and check it out. It's not for everyone, but for those who are serious about getting valid results and want to filter out the nonsense there is currently no other book that tell how. Five years from how, who knows.
David Aronson
 
Quote from David Aronson:

Can you tell me more. Is it a lending library? Does TD do reviews for this list and others and how might I get in touch with him. Thanks
David Aronson
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David,

Thanks for your interest, but LG is just pulling your leg. I am not a librarian, however some ET members who are grammatically challenged or those with congenital spelling disorders seem to think so. And then there is LG, who simply cannot stop thinking about me, or referring to me for no reason in particular. (Case in point.)

That aside, the premise of your book suggests that it would make for some interesting reading. However, I surmise that generic "off-the-shelf" TA signals will provide the expected lackluster results. That's why someone can't just read a book and start making money. The stuff worth trading isn't readily made available for 3rd party testing. Just my opinion, of course.
 
Quote from Thunderdog:

David,

Thanks for your interest, but LG is just pulling your leg. I am not a librarian, however some ET members who are grammatically challenged or those with congenital spelling disorders seem to think so. And then there is LG, who simply cannot stop thinking about me, or referring to me for no reason in particular. (Case in point.)
More...

Tdog, you are such a card! Just a reminder to file David's book in the 600's under the DDS... thank you for taking on this responsibility so the rest of us can trade.
 
Quote from LivermoresGhost:

Tdog, you are such a card! Just a reminder to file David's book in the 600's under the DDS... thank you for taking on this responsibility so the rest of us can trade.
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There is little doubt that you are as much a trader as I am a librarian. (Your regular, repeated and heroic attempts at positive self-imagery are noteworthy. They speak volumes.)
 
Quote from Thunderdog:

... I am not a librarian, however some ET members who are grammatically challenged or those with congenital spelling disorders seem to think so...
More...


I's be hearing you talking 'bout me.
Wellz, all I gots to say is dat when Mr. Mackey axks "Who made dookie in the urinal" me thinks of TD.

:D
 
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