The best book in Technical Analysis

So far the best book I have read about technical analysis is Trading for a Living
by A. Elder.

Does anybody have a better suggestion ?

Thanks !

 

Technical Analysis of the Financial Market, John Murphy

 

Technical Analysis of Stock Trends by Edwards and Magee

 

Thank you guys !

I am not familiar with these two.

If I may ask, why do you believe your choice is better ?

Because they are newer, thus more representative of the markets today ?

Because the author delves into more tips and secrets on each indicator ?

Thank you again, for your comments.

 

Personal opinion...There is NO best book...ALL have their good and bad points. I have read several hundred trading books and those that stand out as best are the ones that present new, interesting, and obtainable results. Some of the ones that I like someone else will dislike. It has more to do with where you are in trading, what kind of trader you are, what is your temperament.

 

I think you are correct. There is no perfect book for everybody.

In your experience have you come across a TA book which analyses indicators used in conjuntion, not separately ?

 

Murphy's book contains everything you would every need to know about Technical Analysis, it will not give you any secret codes or systems it will only show you the TOOLS and the CORRECT way to use them.

It will be up to you to put it all together to suit your needs and personality!

I can assure you that if you read this book cover to cover 3 times you will know as much as 95% of ANY market technician out there.

Good trading to you.

 

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May want to add to that;
Getting Started in Technical Analysis by Jack Schwager

 

You may want to take a look at and select from the reading materials for the CMT Exams.

 

Books and Gifts for Traders and Investors ... serving traders since 1975.
The required texts for the
Chartered Market Technician (CMT) EXAMS are as follows:

CMT Level 1 books:

Edwards and Magee,
Technical Analysis of Stock Trends, 8th Edition

Murphy, John J.
Technical Analysis of the Financial Markets

Pring, Martin J.,
Technical Analysis Explained

CMT Level 2 books:

Frost and Prechter,
Elliott Wave Principle, Third Printing

Kaufman, Perry J.,
Trading Systems and Methods

Murphy, John J.,
Technical Analysis of the Financial Markets

Nison, Steve,
Japanese Candlestick Charting Techniques

Pring, Martin J.,
Investment Psychology Explained

Pring, Martin J.,
Technical Analysis Explained

Wilkinson, Chris,
Technically Speaking

CMT Level 3 books:

Brown, Constance,
Technical Analysis for the Trading Professional

Frost and Prechter,
Elliott Wave Principle, Third Printing

Murphy, John,
Intermarket Analysis: Profiting From Global Market Relationships

Nison, Steve,
Japanese Candlestick Charting Techniques Revised Edition

Shiller, Robert J.,
Irrational Exuberance