Australian (ASX) Stock Market Forum

Books on Technical Analysis

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makeorbreak said:
Could anyone tell me of any easy to read/understand books on technical analysis?

There is so many books out there and I would like to purchase a couple to learn a bit but don't know which. I have been looking at the "Tech analysis for dummies" book online but don't know of its content, cant find it in stores at present.

The internet is a very good source for study and cheap.
 
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Daryl Guppy's boook talk about his Guppy "lines" etc which he uses to analyse the stock.

Are those only available from his program or can we find them in the Comsec Pro Trader program?
 

DrBourse

If you don't Ask, you don't Get.
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IMO,

BEST book on Day Trading is "The Stock Trader" by Tony OZ - ISBN 0 9679435 0 7….

BEST TA book is "Technical Analysis Explained" by Martin Pring - ISBN 0 07 112778 X….

2nd BEST TA book is “Technical Analysis from A to Z” by Steven.B.Achellis - ISBN 0 071 36348 3....

GOOD TA book is “Technical Analysis of Stock Trends” by Edwards & Magee…..

BASIC Charting book is "The Australian Investors Guide to Charting" by Regina MEANI - ISBN 0 947351 97 3…...

BEST Candlestick book is "Japanese Candlestick Charting Techniques" by Steve Nison - ISBN 0 7352 0181 1…...

BEST Advanced Candlestick Book is “Beyond Candlesticks” by Steve NISON - ISBN 0 471 720 X …...

BEST book on Fibonacci is "Fibonacci Applications and Strategies for Traders" by Robert Fischer…...….

BEST ASX/Stock Markets Dictionary is ”Understanding The Stock Exchange – The Essential Reference” by N.E.RENTON - ISBN 1 86350 242 4.

BASIC book on Candlesticks is by Louise Bedford called "The Secret to Candlestick Charting" - ISBN 1 876627 28 X..…. it is incorrect in several areas - read the paragraph at the top of page 31 in Bedfords book -The last sentence "For this reason etc" - a lot of her theories are suspect - its a beginners book - If you look at page 7, second paragraph where she says she follows Nison's writings but she occasionally changes them to suit herself, yeah right - bedfords interpretation of Multiple Doji's is in direct oposition to Nison's - Bedford says 2 or more Doji's lessens their importance - Japanese writings and teachings specifically point to Intensifying their influence as reversal signals – and there are numerous other instances where she deviates from the Japanese writings.

Louise Bedford & Daryl Guppy are great Traders - BUT - theirs books are the 'Comics' of this industry - everyone should begin by reading, and understanding everything they says, BUT then you need to follow that up by reading some of the more "In Depth" publications that are available - to read the Bedford & Guppy books, and then rely wholly & solely on them for your Trading Career would be a Grave Mistake IMHO.


As mentioned above, THE BEST Candlestick Book is "Japanese Candlestick Charting Techniques" by Steve Nison.



BOOKS on TRADING PSYCHOLOGY

Good Book on Trading Psychology is BY Livermore - The Psychology of Trading. ISBN:0-07-146979-6.



THE BEST BOOKS on FINANCIAL ANALYSIS are -

"The Intelligent Investor" by Benjamin Graham - ISBN 0 06 055566 1;

"Security Analysis" by Benjamin Graham & David.L.Dodd - ISBN 0 07144820 9;

"The Warren Buffett Way" by Robert.G.Hagstrom,Jnr - ISBN 0 471 17750 4...



GOOD and easy to understand FINANCIAL ANALYSIS books are -

"Getting Started in Fundamental Analysis" by Michael.C.Thomsett - ISBN 0 471 75446 3;

"Mastering Fundamental Analysis" by Michael.C.Thomsett - ISBN 1 876627 44 1;

"Analysing Company Accounts" by Martin Roth - ISBN 0 73140 114 X.

Cheers

DrB
 
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These are all good books. I had some of them and much more not in the list. I also subscribed to Technical Analysis of Stocks and Commodities for over 20 years.

I then donated all of books to the local library. My magazines were given to someone for free.

All I realized is that I just need to find a couple of good books, read it a few times, practise, read again and again, practise. Repeat over and over again. After 15 times or more reads, I could understand the authors' thoughts much deeper and started to sync with the authors. My trading improved much more than previously I read one book by anther.

But I am a really dumb person so my method may not suit others.
 
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