hi, I was wondering if anyone can recommend some good technical analysis book? I've already read "Technical Analysis of the Financial Markets" by John J. Murphy and i'm trying to get something a little more advanced and maybe more up to date to current market conditions. I did a search on Amazon and seems like Technical Analysis of Stock Trends by Robert D. Edwards have very good reviews and it's also coming out with a new edition. Any recommendation would be helpful. Thanks all!
See also the book reviews on this site. I agree with the favorable reviews of "New Trading Systems and Methods" by Kaufman. Also "Technical Analysis from A to Z" is an easy read and summary.
>morbius14 I read Technical Analysis of Stock Trends 35 years ago and am darn glad that it was the first book that I read on TA. I HIGHLY recommend that you read it. However, and this I think is important, try to find the 6th edition. This is the last edition that was put out by Magee. I say this because the guy (Bassetti?) who I hear got the selling rights after Magee died started adding chapters to the 7th and later editions. I saw what he added and believe me he is no student of the market. If you can get only a post-6th edition, skip those chapters numbered with decimals. This is not a get-rich-quick book. It's a textbook. I know many people who have never made it to the end of the book. If you don't like puzzles, games such as chess etc, you may not be suited to learn and use TA. But even if you are, I suggest you skim through the book once, then do a more detailed 2nd reading, and then try to start learning TA on the 3rd reading. Good luck.
I agree about finding an older edition. These occasionally turn up on eBay. I got a fifth edition for only a few dollars. LC
The only book that matters on TA is "Evidence Based Technical Analysis" by David Aronson. http://www.amazon.com/Evidence-Base..._bbs_sr_1/102-2080444-9172931?ie=UTF8&s=books This book has my highest recommendations and should be read by everyone interested in trading. It will provide the framework whereby to evaluate any other TA course/book on the market--plus your own research. Regards, surf
Thanks marketsufer, I was actually considering that book as well. Will put it in my shopping cart now haha. Thanks again