1. mastering elliott wave-glenn neely.-even if one is not interested in elliott wave /neowave , for me it is the most important book i ve read on undeerstanding market behaviour.and in case one is interested in elliott wave, the bible. a fan for life.
2. candle stick charting- bigalow
3. candle stick charting-nison
4. candle stick charting-morris
candle stick charting along with 20 and 50 dema are such a powerful tool.not to be disregarded.
5. technical analysis- edward and magee: contains wealth of information on market behaviour and chart patterns ,one can simply trade on this book.
6. way of turtle- faith: just for the fact that it is disciplined trading that earns you money.
7. technical analysis of financial markets: murphy-- good overview of a lot of concepts
8. come into my trading room: elder
9. the logical trader : fisher-his concept of pivot, rolling pivot is worth a read.
10. books by dr brett- great writer and trading coach.even his blog is a must read.
i plan to do a comprehensive writeup of each book covering their highlights
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vipul,
ReplyDeleteI am glad to see you are keeping active on this blog. I have read Mastering Elliot Wave from cover to cover a few times. I have also selectively read portions of the Nison and Murphy books. I really need to find the time to read them more thoroughly.
If I was to select one other book from your list, where do you recommend I start next?
Also, can you please explain how you use the 20 and 50 dema indicators?
Cheers,
Tartan
i am just trying to get it going.. actually i intend to use it as a trade journal so there is nowhere to hide from all mistakes that i keep making..
ReplyDeletetartan ,
ReplyDeleteread nison and bigalow to start with.
neowave and candle sticks are great by themselves if one needs to trade the indices or simply swing trade.
however i feel the need to have some trend following system so that one can have some positional portfolio especially in a multi month or year bull market.
bull market are really buy and hold until they turn and are very diffuclt to trade. as livermore said to ' the ability to be right and sit tight is extremely rare.'
so neowave if used righly will protect the big turns. but once a trend is in place lets say a B wave , wave counts get fuzzy, so one wants to be in until it turns.wave cunts are not much help there.
i look at indian market, which is just on the threshhold of a huge bull market. i will make little money if not loose money trying to trade and time the market.
so neowave , candlesticks and a trendfollowing system is something i am looking at.