Just seen you've been a member on ET for sometime, so clearly you're not new to the trading environment. Excuse my previous post if it looked like I was talking to a new trader.....but the book recommendations still stand.
Don't know the others, but woodiesclub and hawkeyetrading are useless. Woodie has followers but not consistent profits
High probability trading by marcel link is a great book. you should also try Mechanical Trading Systems by Richard Weissman ( http://www.amazon.com/Mechanical-Tr...r_1_16?ie=UTF8&s=books&qid=1212075008&sr=8-16 ), it's also a great simple book with many systems...
If you going to read one book, this is the book you read. You can finish it in a few hours in you read fast. No more than a weekend. It's a complete system, and the mistakes he made before he come up with this. How I Made $2,000,000 In The Stock Market by Nicolas Darvas http://www.amazon.com/How-Made-000-...d_bbs_1?ie=UTF8&s=books&qid=1212094813&sr=8-1
Whether or not it was valid back then, you will get smoked following his footsteps in today's market. And I wouldn't exactly consider that a system. "I saw stocks rising out of the stinking morass of the low liquidity garbage heaps... and let it all ride on one that looked like it was breaking out on volume." Then repeated that 2 or 3 times, compounded quickly to 2 million. While the book is inspirational in some ways, it can also get you annihilated, if you follow it's recipes.
Decided to trade the system on michael covel's book on p272 In his backtesting it yields 11% and has a max drawdown of 38.6%. An average of 26 trades/ year. Am currently long spy from 141 with a stoploss at 135 Does anyone know of a (similar) system for intraday trading?
Here many books, sites, links references for TA learning were given: 1) Michael W. Covel 'Trend Following:...' 2) How to Triple Your Money Every Year with Stock Index Futures: Self-Teaching Day Trading Technical System for Predicting Tomorrow's Prices and Profits by George Angell 3) New Concepts in Technical Trading Systems (Hardcover) by J. Welles Wilder 4) Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) by John J. Murph 5) Trident A Trading Strategy by Charles L. Lindsay 6) A Comparison of Twelve Technical Trading Systems by Louis Lukac Wade Brorsen Scott Irwin 7) Winning Market Systems, 83 Ways to Beat the Market by Gerald Appel 8) Trading System Analysis by Robert Barnes 9) Michael Harris (www.tradingpatterns.com); http://as.wiley.com/WileyCDA/WileyTitle/productCd-047022908X.html 10) www.tradingmarkets.com related books like larry (laurence) connors books, street smarts, dave landry's books, hit and run (1,2) - jeff cooper 11) "High Probability Trading" by Marcel Link 12) Short term Trading with Price Patterns, Michael Harris, http://www.tradingpatterns.com/About_Us/articles/article3/article3.html 13) John Murphy's Book 15) Suri Duddella "Trade Chart Patterns Like Pros" 16) Curis Faith 'Way of the Turtle...' 17) Mark B. Fisher 'The Logical Trader' 18) George Angell 'How to triple tour money....' 19) Michael Harris 'Short Term trading with price patterns' 20) conway and behle's book 21) The Best of the Professional Traders Journal: Day Trading (Best of the Professional Traders Journal Series) by Laurence A. Connors 22) ââ¬ÅCybernetic Trading Strategies by Murray Ruggieroââ¬Â (http://www.amazon.com/Cybernetic-Tr...=sr_1_1?ie=UTF8&s=books&qid=1209956691&sr=8-1) 23) www.tradingliveonline.com 24) www.woodiescciclub.com 25) www.hawkeyetrading.co.uk 26) Mastering the Trade by John Carter (www.tradethemarkets.com) 27) www.tradingtutor.com (larry pesavento) 28) www.sharefinder.com.au 29) http://web.archive.org/web/20070308135319/www.hawkeyetraders.com/ 30) http://images.tradingmarkets.com/HMRW/HMRW.pdf 31) Stan Weinstein's "Secrets For Profiting in Bull and Bear Markets." 32) "trading as a business." by Charlie wright 33) Mechanical Trading Systems by Richard Weissman http://www.amazon.com/Mechanical-Tr...r_1_16?ie=UTF8&s=books&qid=1212075008&sr=8-16) 34) How I Made $2,000,000 In The Stock Market by Nicolas Darvas (http://www.amazon.com/How-Made-000-...d_bbs_1?ie=UTF8&s=books&qid=1212094813&sr=8-1) Wow, so many :eek: But, which one is good and easy for a beginner?