What are good books on Technical Analysis?

[stojakapimp]

I'm fairly new to stock trading and the art of technical analysis, so I was wondering if anybody has some good suggestions on TA books to read.

From reading this messageboard for the last couple weeks, it certainly seems like most of you know your stuff, so I'd rather take your word for it than from just some random website.

Thanks!

[skiracer]

I'm fairly new to stock trading and the art of technical analysis, so I was wondering if anybody has some good suggestions on TA books to read.

From reading this messageboard for the last couple weeks, it certainly seems like most of you know your stuff, so I'd rather take your word for it than from just some random website.

Thanks!

Martin Pring's "Introduction to Technical Analysis" and Bulkowski's "Encyclopedia of Chart Patterns" are the two that you MUST have. That shoud take care of the first year's reading.

[New-born baby]

Martin Pring's "Introduction to Technical Analysis" and Bulkowski's "Encyclopedia of Chart Patterns" are the two that you MUST have. That shoud take care of the first year's reading.

Yes. Ski is an excellent chart reader and knows his stuff. Myself, I started with an older work, the grand daddy of 'em all, "Technical Analysis of Stock Trends" by Edwards and Magee. I haven't read Pring yet. Bulkowski's work I have followed. And it will do you good to study these works carefully.

[IIC]

I don't know your experience level...But I recommend this one as a primer:

How Charts Can Help You in the Stock Market by William Jiler.

I have an original hard copy from 1962...But they have revised soft covers on the Net for under $15.

It is an easy read but if you are new to tech. analysis it is great...If you are more experienced it is a pleasant refresher on some basics...Plus, you'll even learn who discovered the So-Called Cup w/ Handle Pattern...altho it was called the Saucer w/ Platform back then.

Best, Doug(IIC)

[stojakapimp]

Thanks for the suggestions everyone. I'll definitely look into getting some of those books. I've got a lot of reading ahead me, but I'm pretty excited about it.

[skiracer]

Thanks for the suggestions everyone. I'll definitely look into getting some of those books. I've got a lot of reading ahead me, but I'm pretty excited about it.

Bulkowski's "Encyclopedia of Chart Patterns" would be my first choice. Learn the difference between bullish and bearish candlestick chart pattern and how to distinguish them. Ask your questions here when you have them. You'll be up to speed in no time.

[riverbabe]

Bulkowski's "Encyclopedia of Chart Patterns" would be my first choice. Learn the difference between bullish and bearish candlestick chart pattern and how to distinguish them. Ask your questions here when you have them. You'll be up to speed in no time.

I dunno, Ski. Bulkowski's not exactly a beginner's type book IMHO. Even my eyes glaze over when I try to figure out what all those percentages are trying to tell me! The patterns are all there, and they're great. But, how about one or more of the Steve Nison books on candlesticks? Like, e.g., "The Candlestick Course" which, I loved! And then a simple free site like "http://www.americanbulls.com/StockPage.asp?CompanyTicker=NASDCOMP&MarketTicker= NASD&TYP=I"
coupled with some of the sources mentioned in previous posts here. And, of course, the patterns identified in the public stockcharts group sites (www.stockcharts.com), like yours and Doug's and others? Riverbabe

[skiracer]

I dunno, Ski. Bulkowski's not exactly a beginner's type book IMHO. Even my eyes glaze over when I try to figure out what all those percentages are trying to tell me! The patterns are all there, and they're great. But, how about one or more of the Steve Nison books on candlesticks? Like, e.g., "The Candlestick Course" which, I loved! And then a simple free site like "http://www.americanbulls.com/StockPage.asp?CompanyTicker=NASDCOMP&MarketTicker= NASD&TYP=I"
coupled with some of the sources mentioned in previous posts here. And, of course, the patterns identified in the public stockcharts group sites (www.stockcharts.com), like yours and Doug's and others? Riverbabe

I'm not familar with Steve Nison or his books. I'll take a look. Thanks for the response. I always look forward to your responses.

[IIC]

I think it is important for a beginner to not get overwhelmed...Pick a few chart patterns you want to study up on...Couple that with several common technical indicators like RSI, MACD and ADX at the default levels. As you get more experienced you can decide which indicators you want to add/delete and concentrate on and even change the timeframes if you wish.

Stockcharts has a wonderful free Chart School...A nice place to start to learn about indicators although it is not all inclusive: http://stockcharts.com/school/doku.php?id=chart_school

The best way though IMO to learn is to find someone local that is a good technician and sit down with them as often as you can...Unfortunately, that may be easier said than done.


Best, Doug(IIC)

[skiracer]

I think it is important for a beginner to not get overwhelmed...Pick a few chart patterns you want to study up on...Couple that with several common technical indicators like RSI, MACD and ADX at the default levels. As you get more experienced you can decide which indicators you want to add/delete and concentrate on and even change the timeframes if you wish.

Stockcharts has a wonderful free Chart School...A nice place to start to learn about indicators although it is not all inclusive: http://stockcharts.com/school/doku.php?id=chart_school

The best way though IMO to learn is to find someone local that is a good technician and sit down with them as often as you can...Unfortunately, that may be easier said than done.


Best, Doug(IIC)

I think you hit it right on the head with StockCharts.

[mads]

I have read all of the books that everyone has stated and in my opinion it would be best to read Toni Turner's books. 2 of them before reading anything else. These books provide step by step information on trading. Once you read these and implement them, then you can go ahead with other books, techniques etc.

[riverbabe]

I have read all of the books that everyone has stated and in my opinion it would be best to read Toni Turner's books. 2 of them before reading anything else. These books provide step by step information on trading. Once you read these and implement them, then you can go ahead with other books, techniques etc.

I'll second that! See my much earlier post on this thread.

[mads]

For fundamental type of investing-
Harry Domash - Fire your stock analyst.
THE BEST I have read!

[skiracer]

For fundamental type of investing-
Harry Domash - Fire your stock analyst.
THE BEST I have read!

Would you consider yourself more of a technical based or fundamentally based trader. Perhaps you could give us a little info on your style and strategies. Even better would be a few selections backed up with a chart or two explaining your reasoning or some fundamental strong points that led you to your picks.

[mads]

Would you consider yourself more of a technical based or fundamentally based trader. Perhaps you could give us a little info on your style and strategies. Even better would be a few selections backed up with a chart or two explaining your reasoning or some fundamental strong points that led you to your picks.

None of this will help the OP.

I am a technical trader and my suggestion of the Harry Domash book was OT.