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Technical Analysis Description:
Book Description
John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets.
"If one could read only one book on technical analysis, this should be the one." --Knight-Ridder Financial Products and News (on the first edition, Technical Analysis of the Futures Markets, 0-13-898008-X)
This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.
"One way to get started in technical analysis is to read a good book on the subject. One of my favorites is Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy. It's an easy read." Ralph J. Acampora, CMT, Managing Director, Prudential Securities Inc.
About the Author
John J. Murphy is President of MURPHYMORRIS, Inc., a producer of interactive educational products for technical analysis. A former technical analyst for CNBC and director of Merrill Lynch's Technical Analysis Futures Division, he is the author of The Visual Investor and Intermarket Technical Analysis.
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Technical Analysis, Idiots and Dummies Description:
A simple, straightforward guide to the fundamentals of technical analysis
For active traders and investors who don't understand the complicated art of technical analysis, this commonsense resource covers all the bases. Explaining the basic principles of analysis and showing how to implement them, Technical Analysis For Dummies dumps the confusing jargon and unreadable charts for basic explanations and practical guidance. In no time at all, readers will see how to make better trading decisions.
Barbara Rockefeller (Stamford, CT) is one of the foremost authorities on technical analysis and founder of Rockefeller Treasury Services.
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 Markets in Profile by
James F. Dalton, Robert B. Dalton, Eric T. Jones
(Profiting from the Auction Process)
Categories:
Market Profile, Technical Analysis, Top Ranked Description:
Markets in Profile explores the confluence of three disparate philosophical frameworks: the Market Profile, behavioral finance, and neuroeconomics in order to present a unified theory of how markets work. The Market Profile is an ever-evolving, multidimensional graphic that gives visual form to the market's continuing auction process, revealing the myriad underlying dynamics that influence market activity. Behavioral finance posits that investors are driven more by emotional factors and the subjective interpretation of minutia than by "rationality" when making investment decisions. And neuroeconomics is the study of how investor psychology permeates and affects the financial markets. Mr. Dalton explicates the ways in which irrational human behavior influences the market's natural auction process, creating frequently predictable market structure, which results in opportunities for investors to ameliorate risk. The book will improve investors ability to interpret change in markets, enabling better, more confident investment decisions.
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Categories:
Technical Analysis Description:
From the Inside Flap
With instant electronic market access and powerful financial tools at their disposal, today's "technician"-one who practices the art of technical analysis-has more opportunities than ever before to profitably trade in a variety of markets. But in order to truly excel, you need a method that will allow you to identify market moves, and strategies that will allow you to make the most of those moves.
John Person has been in the trading business for almost thirty years-as a broker, a trader, and a teacher of traders. During this time, he's refined his trading skills and, by using candlestick formations in conjunction with pivot points, developed a reliable methodology that will help you make smarter trades with less risk.
In his first book, A Complete Guide to Technical Trading Tactics, Person introduced traders to the concept of integrating candlestick charting with pivot point analysis. Now, in Candlestick and Pivot Point Trading Triggers, he goes a step further and shows you how to devise your own setups and triggers-in the stock, forex, and futures markets-based on a moving average approach.
Filled with in-depth insights and expert advice, this comprehensive guide:
- Examines the methodology of pivot point analysis and how it can be applied to different markets
- Shows you what to look for when reading candlestick charts and why you should rely on price rather than indicators
- Discusses how to find certain setups and explains what triggers a call to trading action
- Walks you through the various types of stop orders, including when and where to place them
- Illustrates how back testing your methods can help uncover the strengths and weaknesses ofyour system
Person also fully discloses some of his proprietary setups, such as the high close doji, the low close doji, and the jack hammer pattern, complete with rules on the entries and exits to help you identify high probability trades.
With the tools and techniques outlined in this book-which includes a companion CD-ROM that contains Person's own Pivot Point Calculator and an instructional presentation on how to use it-you'll be able to put together a trading plan that consistently helps you yield profits.
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 Beyond Candlesticks by
Steve Nison
(New Japanese Charting Techniques Revealed)
Categories:
Technical Analysis Description:
From the "Father of Candlesticks"-penetrating new Japanese techniques for forecasting and tracking market prices and improving market timing Steve Nison has done it again. The man who revolutionized technical analysis by introducing Japanese candlestick charting techniques to Western traders is back-this time with a quartet of powerful Japanese techniques never before published or used in the West. Stunningly effective on their own, these new techniques pack an even greater wallop when teamed up with traditional trading, investing, or hedging strategies, and Steve Nison shows you how to do it. Beyond Candlesticks provides step-by-step instructions, detailed charts and graphs, and clear-cut guidance on tracking and analyzing results-everything you need to pick up these sharp new tools and take your place at the cutting edge of technical analysis. Critical praise for Steve Nison's first book … "… destined to become the classic reference on the subject." -Charles Lebeau and David Lucas Technical Trader's Bulletin "I believe Steve Nison's new candlestick book is destined to become one of the truly great books for this time period.… Whether you trade futures, commodities, or equities, day trade or hold positions overnight, this book is a must." -Lee Siegfried Investor's Library, Data Broadcasting Corp. "It is hard to be too effusive about the quality of NiSon's work … this is clearly one of the best investment books ever written in terms of covering a subject with pedagogical ability and writing skill. The organization is impeccable … reading it was a pleasure." -Commodity Traders Consumer Report
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 Mind Over Markets by
James F. Dalton, Robert B. Dalton, Eric T. Jones
(Power Trading With Market Generated Information)
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Top Ranked, Market Profile, Technical Analysis Description:
Mind Over Markets by James Dalton is considered to be the most readable book on Market Profile ®. The reason that this book has been put in at position number four is that it explains the structure of the market and the auction process. It also explains a way of reading any market and is specifically not a trading technique but a trading tool that assists you in your trading decisions.
There is no point in learning specific entry and exit techniques if you do not fully understand the structure of the market and what the market is trying to do.
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 Trade Like a Hedge Fund by
James Altucher
(20 Successful Uncorrelated Strategies & Techniques to Winning Profits)
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Techniques and Strategies, Technical Analysis Description:
This book debunks the myths and shows what strategies the author has back tested and that actually work. Although I wasn't overly impressed with the actual strategies that he wrote or the way he presented the book I believe that the book provides the impetus, structure and stimulation that a traders needs to go out and find their own techniques.
I don't believe that a trader will make any great profits using any of the techniques that James Altucher discusses but I do believe that those ideas will lead to bigger and better ideas in the mind of a knowledgeable and creative trader.
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Categories:
Technical Analysis Description:
From the Inside Flap
Are you looking for time-tested trading techniques that professional stock index and futures traders use?
Futures and options markets can be profitable arenas for both novice and experienced traders. But to come out on top, you must have a solid understanding of the markets, the technical tools used to trade them, and yourself.
After twenty-five years as abroker, trader, and educator in the futures and options field, John Person has associated with trading legends and manysuccessful traders and witnessed firsthand their strategies for success. Out of these real-time experiences, he shares the valuable insights you will find in A Complete Guide to Technical Trading Tactics. Novice and experienced alike will gain a better understanding of the mechanics of the markets and methodologies that work.
Person demonstrates multiple trading methodologies using pivot point analysis and shows you how you can implement these key calculations with other methods and indicators. To understand this approach, you don't have to abandon your knowledge of traditional technical analysis techniques. All you have to do is be open to integrating the theories to help you confirm, validate, and identify entry and exit points when trading.
By learning how to better integrate elements of market analysis such as time and price, you'll be ready to trade with confidence and achieve success. The proven methodologies that are discussed from the technical side include:
- Pivot points-a leading price indicator that is based on price points using different time frames
- Cycle analysis-which deals with predicting market turning points based on time
- Candle chart patterns-which are based on price relationships between the open, high, low, and close including past chart points such as old highs or lows
- Fibonacci ratio corrections and extension studies-which are based on past price points
- Mental thought processes-the last and maybe the most important aspect of trading, which will help you evaluate your psychological makeup and overcomerough spots to stay focused when trading
If you are to trade successfully, you need to understand that it requires hard work, discipline, and, above all, that you remain focused with the use of methodologies that pinpoint opportunities and help you take control of your emotions. A Complete Guide to Technical Trading Tactics will go a long way toward accomplishing these goals.
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 Japanese Candlestick Charting Techniques by
Steve Nison
(A Contemporary Guide to the Ancient Investment Techniques of the Far East)
Categories:
Technical Analysis Description:
Japanese Candlestick Charting Techniques, 2nd Edition, provides an in-depth explanation of candlestick plotting and analysis, conveying to the reader, in easy-to-understand language, the author's years of practical experience in this increasingly popular and dynamic approach to market analysis. It includes hundreds of examples that span the equity, futures, fixed-income, and foreign exchange markets and shows how candlestick charting techniques can be used in almost any market. It has been thoroughly updated to include:
- New techniques and strategies
- The author's concept of the Convergence (when a series of signals converge at one zone, thus increasing the chances for a market turn from that area)
This new edition broadens the book's focus and all new updated charts, and information on several new areas such as day trading and how candlestick charting can be used to improve returns and help decrease market risk.
It includes everything from the basics, such as constructing the candlesticks and learning the patterns, to advanced topics, such as the rules of multiple technical techniques.
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Categories:
Technical Analysis Description:
The Encyclopedia of Trading Strategies is for traders who want to take the next step to consistently profitable trading. The authors--themselves seasoned veterans of the futures trading arena--pinpoint the trading methods and strategies that have been shown to produce market-beating returns. Their rigorous and systematic backtesting of each method, using the same sets of markets and analytic techniques, provides a scientific, system-based approach to system development...to help you assemble the trading system that will put you on the road to becoming a more consistently profitable trader.
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 Smarter Trading by
Perry Kaufman
(Improving Performance in Changing Markets)
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Technical Analysis Description:
As a direct result of economic globalization and computerized trading, today's professional stock, bond, and futures traders face a career-making--or breaking--challenge: to track and immediately comprehend the bewildering place of market, volume, and price changes, then some how profit from this unexpected volatility. In Smarter Trading distinguished author and trader Perry Kaufman helps harried financial pros cope with financial market uncertainty by creating a "robust" trading model that adapts quickly to market changes and yields stronger, more predictable results. And he shows them how to make sense of the current barrage of sophisticated, hi-tech trading technologies--neural networks, fuzzy logic, expert systems, chaos, and fractals, to name a few--and align these weapons with their own trading strategies.
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 Steidlmayer on Markets by
J. Peter Steidlmayer, Steven B. Hawkins
(Trading with Market Profile)
Categories:
Technical Analysis, Market Profile Description:
Proven techniques for market profile users at any level
A "market profile" presents a number of basic elements from the market in an easily understood graphic format that, when analyzed properly, can yield profitable intraday and swing trades that traditional indicators do not reveal. Steidlmayer on Markets shows readers how to find these opportunities using the innovative techniques developed by the author during his many years of trading the market. This fully updated Second Edition covers innovations in both technology and technique-and broadens the scope of "market profile" to include stocks.
J. Peter Steidlmayer (Chicago, IL) joined the Chicago Board of Trade in 1963 and has been an independent trader ever since. Steidlmayer served on the Board of Directors of the Board of Trade in 1981-1983. While a director, he was responsible for initiating Market Profile and the Liquidity Data Bank. Steve Hawkins (Chicago, IL) has experience in trading in both stocks and commodities. Over the past seven years, Hawkins has educated traders across the globe. He has also collaborated on the writing of books on trading and written articles for industry trade publications. He is a graduate of the University of Illinois with a degree in economics.
New technology and the advent of around the clock trading have opened the floodgates to both foreign and domestic markets. Traders need the wisdom of industry veterans and the vision of innovators in today's volatile financial marketplace. The Wiley Trading series features books by traders who have survived the market's ever changing temperament and have prospered-some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future.
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Categories:
Money Management, Technical Analysis Description:
This is a no-nonsense look at the mathematical calculations needed to optimize investment and trading return on any winning strategy. Using these technique you can take a profitable trading strategy and turn it into a very profitable trading strategy. A number of the concepts and techniques that the author talks about in this book are used in producing the figures that you will see in the Trading Strategies section of this web site.
You need to know how to manage the money that is in a trade and how to scale in, scale out and build positions that are defined by risk and exposure. You need to know all of this information and build a Money Management plan before you place your first trade. Without a sound Money Management technique you're wasting your money on the next trade that you make.
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Categories:
Techniques and Strategies, Technical Analysis Description:
Some of the reviews that have received: "Market Wizard" Linda Bradford Raschke ("...proof that a trader need 'specialize' in only a few patterns to make a good living. ...highly recommended."), Joe Ross ("...destined to become a classic.") and David Caplan ("Extremely well-written and usable by all levels of traders, from beginning to professional.").
The techniques of trading, i.e. picking entry and exit points, has been left to the end of the reading list. Until you have absorbed the first 8 books in this list there is little reason to know why or when you should enter a trade. These are just two books that discuss trading techniques. There are hundreds out there and you need to find a technique and style of trading that suits yourself.
The two books mentioned here will open your eyes and minds to some of the possibilities and launch you into further discovery. Good luck!
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 Steidlmayer on Markets by
J. Peter Steidlmayer
(A New Approach to Trading)
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Technical Analysis, Market Profile Description:
A complete guide to Steidlmayer's new approach to markets, especially the futures markets. Part I provides background information based on Steidlmayer's experiences as a commodities trader, showing how he developed his ideas and learned to apply them to futures trading. Part II outlines his theory of markets, explains factors that determine prices, and describes the Market Profile and Liquidity Data Bank systems. Part III provides detailed applications, showing how to read market activity, recognize both fundamental and technical factors underlying price movements, and make sound investment and trading decisions.
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