Jman831
Member
Hey everyone, just wanted to share with you my personal list of books I've read and would suggest for anyone who's looking for what I would consider quality information on technical trading. A lot of these books have played a large role in inspiring me to code my own indicators and come up with new ideas.
Note to the mods: I apologize if this is the incorrect forum to post this, I always appreciate the mods moving my threads for me when I get it wrong.
- "Entries & Exits"
by Dr. Alexander Elder
My favorite book on trading where the author interviews a number of different traders and shows examples of a winning trade and a losing trade for each of their strategies. Each trader gives their own personal comments on each example and then he gives his comments on each example.
- "Technical Analysis of the Financial Markets"
by John J. Murphy
Covers a wide range of theories/approaches/topics on technical analysis like Dow theory for example. Packed full of information that helps round out your technical analysis knowledge.
- "Technical Analysis Explained"
by Martin J. Pring
Similar book to "Technical Analysis of the Financial Markets" with well-rounded information.
- "Mastering the Trade"
by John F. Carter
John F. Carter shares his approaches to technical trading sharing a couple of his personal strategies. I appreciate his simple approach to technical trading. He only uses maybe 2 or 3 indicators and 2 of them are averages.
- "Trading in the Zone"
by Mark Douglas
I don't remember a ton about this book but I do remember it to be a book of caution. "Trading in the Zone" as the title puts it is not what you'd think. The title makes it sound like it's good to be "in the Zone", but it's actually warning you to be cautious of "Trading in the Zone" because that's where traders get eaten up.
- "Bollinger on Bollinger Bands"
by John Bollinger
This one should be pretty much self-explanatory. When I first discovered it, my favorite indicators at the time were Bollinger Bands and Keltner Channels, so it naturally caught my interest. The creator of Bollinger Bands explains how the indicator works, gives his suggested settings for it (usually Bollinger Bands are already set to his suggested settings in most trading platforms), and explains why he suggests those settings.
- "The Complete Turtle Trader"
by Michael W. Covel
A book about the Turtle Trading Experiment. A couple of commodity technical traders selected a group of people and set out to prove that anyone could be taught to trade successfully. They used essentially a donchian channel system (using highs and lows to gauge their entries and exits) and used average true range to determine position sizing. They also followed the 2% rule (never risk more than 2% of your account on any single trade). Very interesting read that gives you a good example of what a proper systems strategy should look like.
- "Technical Analysis from A to Z"
by Steven B. Achelis
- "The Encyclopedia of Technical Market Indicators"
by Robert W. Colby
I honestly can't remember which is which between these last two above because I don't have access to my old Google Play books anymore unfortunately, but they both go in-depth into many different indicators and how they work. One of them shows an example strategy with each indicator and shows how profitable (or not profitable) each strategy was over so much backtesting data.
Happy New Year and Happy Trading! =-)
Note to the mods: I apologize if this is the incorrect forum to post this, I always appreciate the mods moving my threads for me when I get it wrong.
- "Entries & Exits"
by Dr. Alexander Elder
My favorite book on trading where the author interviews a number of different traders and shows examples of a winning trade and a losing trade for each of their strategies. Each trader gives their own personal comments on each example and then he gives his comments on each example.
- "Technical Analysis of the Financial Markets"
by John J. Murphy
Covers a wide range of theories/approaches/topics on technical analysis like Dow theory for example. Packed full of information that helps round out your technical analysis knowledge.
- "Technical Analysis Explained"
by Martin J. Pring
Similar book to "Technical Analysis of the Financial Markets" with well-rounded information.
- "Mastering the Trade"
by John F. Carter
John F. Carter shares his approaches to technical trading sharing a couple of his personal strategies. I appreciate his simple approach to technical trading. He only uses maybe 2 or 3 indicators and 2 of them are averages.
- "Trading in the Zone"
by Mark Douglas
I don't remember a ton about this book but I do remember it to be a book of caution. "Trading in the Zone" as the title puts it is not what you'd think. The title makes it sound like it's good to be "in the Zone", but it's actually warning you to be cautious of "Trading in the Zone" because that's where traders get eaten up.
- "Bollinger on Bollinger Bands"
by John Bollinger
This one should be pretty much self-explanatory. When I first discovered it, my favorite indicators at the time were Bollinger Bands and Keltner Channels, so it naturally caught my interest. The creator of Bollinger Bands explains how the indicator works, gives his suggested settings for it (usually Bollinger Bands are already set to his suggested settings in most trading platforms), and explains why he suggests those settings.
- "The Complete Turtle Trader"
by Michael W. Covel
A book about the Turtle Trading Experiment. A couple of commodity technical traders selected a group of people and set out to prove that anyone could be taught to trade successfully. They used essentially a donchian channel system (using highs and lows to gauge their entries and exits) and used average true range to determine position sizing. They also followed the 2% rule (never risk more than 2% of your account on any single trade). Very interesting read that gives you a good example of what a proper systems strategy should look like.
- "Technical Analysis from A to Z"
by Steven B. Achelis
- "The Encyclopedia of Technical Market Indicators"
by Robert W. Colby
I honestly can't remember which is which between these last two above because I don't have access to my old Google Play books anymore unfortunately, but they both go in-depth into many different indicators and how they work. One of them shows an example strategy with each indicator and shows how profitable (or not profitable) each strategy was over so much backtesting data.
Happy New Year and Happy Trading! =-)
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