I've gotten some comments from people who have read that 'Stikky Stock Charts' book so I'm glad that my quick analysis of that book seems to be on point. 'Doink' left this comment today:
I read "Getting Started in Technical Analysis" first, got confused, then found Stikky Stock Charts. Great beginners book, took me an hour to read the whole thing. Then I went back and re-read "Getting Started" and it made more sense.Love some recommendations for "Step above beginner" TA books.
Believe it or not (hopefully 'not') I've never read a book that was solely about technical analysis. So I can't exactly answer that question -- at least not from direct experience. I stopped by the bookstore after I got that comment and flipped through some TA books. These two seem like good choices:
- Technical Analysis Plain & Simple: Charting the Markets in Your Language
- Technical Analysis for Dummies
Although it's not totally about TA you may want to take a look at Alan Farley's 'The Master Swing Trader'. Farley does a great job of explaining some practical uses of TA. So that book may be a good next read after reading one of the 'step above beginner' books.
Some good online resources include:
- The Introduction to Technical Analysis at Investopedia
- StockCharts.com's Chart School
- TraderPedia's technical analysis section
If anybody has other suggestions please leave a comment.
Good call on Texas Instruments. If I had my choice I would love a chart on the Q's or $nas
daily with your comments...thanks for being there
I enjoy your site
Thanks Paul. I may not be able to do a Nasdaq chart every day but I'll try. And I'll continue to do them at what I think are important turning points.
leavittbrothers.com has a pretty good educational site. If I were to start studying technical analysis again, I would start with chart patterns. After all, indicators are just derivatives of price.
Someone is looking to make some commish from amazon ;)
Mike:
I read many charts these days and have some sense about enter a trade . For example, when 50 ema cross 200 ema and use kd as enter signal. It's not bad for entry. After i coded my though and do back testing on tradestion. The result is not that positive cause I have to add exit signal for a complete strategy . For many times, even the entry is good, but the exit is bad that blow off the profit . The kd or rsi is very sensitive and in /out too often. I am very frustrated about exit strategy and would like to ask your help. What kind of exit methods can work in real trade ? Thks for your help.
Have a good weekend.