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Strategies & Market Trends : TA- Advanced GET -- Ignore unavailable to you. Want to Upgrade?

To: John K who wrote (937)	3/25/1998 1:32:00 AM
From: Bruce A. Bowman	Read Replies (1) \| Respond to of 1551

There are many good references and their value depends upon how readable you think they are. Not everyone likes the same style of writing. Some I'm particularly fond of that pertain to TA and trading are: Author Title ------------------ ----------------------------------------------- Welles Wilder, Jr New Concepts in Technical Trading Systems Mark Douglas The Disciplined Trader Cassidy It's When You Sell That Counts William Jiler How Charts Can Help You In The Stock Market (reprinted by Fraser Publishing) Clay Burch TechniFilter Plus manuals and reference Connors/Raschke Street Smarts Murphy Technical Analysis of the Futures Markets Brown/Bently Cyber Investing, 2nd Ed. (basically a manual on using Telescan, but includes some good scans for Prosearch) Toby Crabel Day Trading With Short Term Price Patterns (I don't day trade, but this has been a good reference for patterns to include in scans) Fischer Fibonacci Applications and Strategies for Traders (sort of an Elliott Wave reference, but presented from a different perspective) You can substitute Edwards & Magee for Jiler, but Jiler is far more readable. This is sort of ranked by preference. Two others not related to TA or trading that I think are important reading are: Gardner/Gardner Motley Fools Investment Guide (has nothing to do with TA or trading, in fact they look down their noses at TA, but it's good for creating screens to scan for good trading candidates.) Robert Lichello How To Make $1,000,000 In The Stock Market Auto- matically (presents a mechanical money management scheme called AIM, and it cost $4 at amazon.com. Ignore the infomercial writing style or you'll miss the message which could be condensed to 12 pages; food for thought for LT trade management.) I assumed that you're already aware of Achelis' "Technical Analysis From A To Z", which is an overview of indicators. And I already mentioned Chande and DeMark, but they fall further down the chain in a GET environment. Elder has some good stuff for training your head; his recommendation about dealing with a long trend of losing trades is excellent. The mental game is harder than anything else, imo. Anything you read is probably worth your while because you accumulate bits and pieces from all of it. Eventually you accumulate a worthwhile framework in which to trade or else you give it up as a lost cause. Bruce