Australian (ASX) Stock Market Forum

Technical book about chart patterns?

Hi Shyguy,

I have copies of the following:

John J Murphy - Technical Analysis of the Financial Markets (Very good)
Steven Achelis - Technical Analysis from A to Z
Encyclopedia of chart patterns (describes each pattern with some statistics for reliability etc)

I know for a fact there are downloadable versions of these on the net ;)

Probably not ones you would read cover to cover, but would probably be handy as a reference.

I found John Murphy very useful, clear and complete when I first started out charting.

gg
 
I didn't think it was necessary to being a new thread so I'll post in here.

I haven't read a trading book in over a year since I've been working on my system in a specialised way. I have a couple waiting to be read at home and just picked up this one last week.

How To Make Money In Stocks - William J. O'Neil.jpg


I'm not far into it but it has been an interesting read so far. Chapter 1 has 100 charts showing stocks which have gone up ridiculous amounts in a reasonably short period of time. For example one went from $7 to a split adjusted $200 in 12 months. Others have gone up from say 300%-1,500% within a year to a couple of years.

This was recommended by a lot of people that have read Darvas' books, so I thought I'd give it a go.
 
Peter Brandt's books on trading commodities using chart patterns are very good. Although I note that he himself says that he's found chart patterns to be increasingly unreliable.
 
Peter Brandt's books on trading commodities using chart patterns are very good. Although I note that he himself says that he's found chart patterns to be increasingly unreliable.

EVERYTHING patterns,systems,valuations,opinion
Work in a BULL MARKET.
All are increasingly un- reliable in. Bear or Flat market.

Perhaps there is more to trading than books ideas and theories.
 
Or, perhaps that's ALL there is, books, ideas and theories.

CanOz
 
EVERYTHING patterns,systems,valuations,opinion
Work in a BULL MARKET.
All are increasingly un- reliable in. Bear or Flat market.

Perhaps there is more to trading than books ideas and theories.

Trying it out for himself/herself is always a good starting point. There is no magic bullet. Just persistance and determination and learning from mistakes. Reading books might give you some insight, listening to the comments of others (particulary those that have been around for a while) might help you avoid some pitfalls.

And remember, there is nothing wrong with getting it wrong from time to time, it is how long you stay wrong before you admit it that is important.
 
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