Well, Dabummer is my personal favorite as well.
It would be best to start at the beginning:
Make sure you own and have digested:
Morris, Candlesticks Explained
Nison, Beyond Candlesticks
Murphy, Technical Analysis of the Financial . . .
Droke, Moving Averages Simplified
Farley, Swing Trader
Elder, Trading for a Living
Weinstein, Secrets of profiting in Bull and Bear
Van Tharp, Trade Your Way to Financial Freedom
Headley, Big Trends in Trading
Dorsey, Point & Figure
O'Neill, How to Make Money in Stocks
Pring on Market Momentum
Vic Sperandeo's books
[In no particular order]
I'm absolutely serious about buying these books and digesting them. It's like learning a language, you need to learn the vocab and the grammar and practice first, then you can have meaningful conversations with people, ask valid questions and be able to analyze responses.
You could copy all the sayings of Chairman Dabum, which all sound great, but unless you know intuitively the difference between and MA cross and an MACD histogram without having to think about it, are able to program your own bullish and bearish scans, and can understand the uses and limitations of all the oscillators, it won't make much difference. Then there is the little matter of the "condition of the market."
In the end, like all arts (the fine ones and the black ones) each person's TA is different. No two people will look at the same chart and see the same things, or set their stops at the same places.
Kb |
