technical analysis

[LiLRiceBoi]

I'm currently between jobs, but I'm spending a lot of time pattern day trading and swing trading.

I'm looking to get into more advanced techniques and to solidify my understanding of the principles behind technical analysis.

What are some books or other material you guys can recommend for me to read/study to learn more?

Thanks

 

[Sea Moose]

myth busters, its a good show to learn about diagnostic techniques.... the way they sit down and think problems through and solve the problem.

 

[seemingly random]

http://www.amazon.com/Trading-...&qid=1249661744&sr=1-1

http://www.amazon.com/Technica...&qid=1249661989&sr=1-1

http://www.amazon.com/Technica...5200661/ref=pd_sim_b_3

http://www.amazon.com/Reminisc...1770884/ref=pd_sim_b_4

 

[JS80]

IMO technical analysis is more useful as an explanation of what happened historically and gives only the most minimal marginal edge in predicting future movement.

 

[seemingly random]

Originally posted by: JS80
IMO technical analysis is more useful as an explanation of what happened historically and gives only the most minimal marginal edge in predicting future movement.

It's just like religion - everyone selects their own version, or none, for seemingly inexplicable reasons. The only thing that counts is what works for a person - even if it actually has nothing to do reality.

 

[aldamon]

100% self-fulfilling prophecy and mob mentality IMO.

 

[Special K]

There is absolutely zero academic evidence supporting technical analysis.

 

[Miramonti]

Originally posted by: Special K
There is absolutely zero academic evidence supporting technical analysis.

Then that would suggest movement is 100% unpredictable, which absolutely just isn't true.

 

[Crusty]

Originally posted by: jjsole

Originally posted by: Special K
There is absolutely zero academic evidence supporting technical analysis.

Then that would suggest movement is 100% unpredictable, which absolutely just isn't true.

Guessing and being right doesn't mean you can predict it

 

[us3rnotfound]

Originally posted by: Sea Moose
myth busters, its a good show to learn about diagnostic techniques.... the way they sit down and think problems through and solve the problem.

Seriously? lol

 

[Miramonti]

Originally posted by: Crusty

Originally posted by: jjsole

Originally posted by: Special K
There is absolutely zero academic evidence supporting technical analysis.

Then that would suggest movement is 100% unpredictable, which absolutely just isn't true.

Guessing and being right doesn't mean you can predict it

That's true, altho no one said anything about guessing, but thanks for interjecting your creativity.

 

[Special K]

Originally posted by: jjsole

Originally posted by: Crusty

Originally posted by: jjsole

Originally posted by: Special K
There is absolutely zero academic evidence supporting technical analysis.

Then that would suggest movement is 100% unpredictable, which absolutely just isn't true.

Guessing and being right doesn't mean you can predict it

That's true, altho no one said anything about guessing, but thanks for interjecting your creativity.

Warren Buffett said: "I realized technical analysis didn't work when I turned the charts upside down and didn't get a different answer."

 

[Miramonti]

Originally posted by: Special K

Originally posted by: jjsole

Originally posted by: Crusty

Originally posted by: jjsole

Originally posted by: Special K
There is absolutely zero academic evidence supporting technical analysis.

Then that would suggest movement is 100% unpredictable, which absolutely just isn't true.

Guessing and being right doesn't mean you can predict it

That's true, altho no one said anything about guessing, but thanks for interjecting your creativity.

Warren Buffett said: "I realized technical analysis didn't work when I turned the charts upside down and didn't get a different answer."

Sounds like evidence sophisticated enough to accept he proved a negative...

 

[Delita]

http://www.amazon.com/Japanese...s-Second/dp/0735201811

 

[LiLRiceBoi]

i use technical analysis because the charts are a historic depiction of valuations the market had previously assigned to a business. combined with market psychology, fundamentals, etc., it seems to provide useful information and can help you determine resistance/support levels, price targets, etc.

thanks for the suggestions so far. keep them coming if you have more.

 

[seemingly random]

Originally posted by: Crusty

Originally posted by: jjsole

Originally posted by: Special K
There is absolutely zero academic evidence supporting technical analysis.

Then that would suggest movement is 100% unpredictable, which absolutely just isn't true.

Guessing and being right doesn't mean you can predict it

This is very important. Determining if the methods used in making a prediction have a real basis is a subject under constant refinement. But this can be applied to many other areas in life as well.

Saying that ta never works is as unwise as saying that it always works. Sometimes it works (and beautifully) and sometimes it doesn't. The successful trader is one who can differentiate between the two.

 

[WildHorse]

``

 

[LiLRiceBoi]

Originally posted by: scott
LiLRiceBoi,

Go to local library & get:

A Random Walk Down Wall Street, by Burton G. Malkiel.
ISBN 978-0-393-06245-8.

Take care to get the updated c 2007 version, not older versions.

It'll cost you 1 day to read it, will totally change your way.

Book

i read through some reviews of the book. it seems like the beginning is interesting, where he tries to persuade you that you cant beat the market. but he advocates buying and holding indexed funds. that is not what i'm interested in. i'm not interested in buying and holding anything long term.

 

[Sea Moose]

Originally posted by: us3rnotfound

Originally posted by: Sea Moose
myth busters, its a good show to learn about diagnostic techniques.... the way they sit down and think problems through and solve the problem.

Seriously? lol

yeah, when i was doing my apprenticeship, years ago, i found that by trying to think like the guys on mythbusters,

ie breaking down a problem and solving it step by step,

i found that this helped me when learning how to fault find.

Sorry if it sounds stupid, just trying to help

 

[Babbles]

Originally posted by: Sea Moose

Originally posted by: us3rnotfound

Originally posted by: Sea Moose
myth busters, its a good show to learn about diagnostic techniques.... the way they sit down and think problems through and solve the problem.

Seriously? lol

yeah, when i was doing my apprenticeship, years ago, i found that by trying to think like the guys on mythbusters,

ie breaking down a problem and solving it step by step,

i found that this helped me when learning how to fault find.

Sorry if it sounds stupid, just trying to help

Seriously?

 

[Sea Moose]

Originally posted by: Babbles

Originally posted by: Sea Moose

Originally posted by: us3rnotfound

Originally posted by: Sea Moose
myth busters, its a good show to learn about diagnostic techniques.... the way they sit down and think problems through and solve the problem.

Seriously? lol

yeah, when i was doing my apprenticeship, years ago, i found that by trying to think like the guys on mythbusters,

ie breaking down a problem and solving it step by step,

i found that this helped me when learning how to fault find.

Sorry if it sounds stupid, just trying to help

Seriously?

yes


Self pwnage for mentioning this hey.

 

[seemingly random]

Originally posted by: Sea Moose

Originally posted by: Babbles

Originally posted by: Sea Moose

Originally posted by: us3rnotfound

Originally posted by: Sea Moose
myth busters, its a good show to learn about diagnostic techniques.... the way they sit down and think problems through and solve the problem.

Seriously? lol

yeah, when i was doing my apprenticeship, years ago, i found that by trying to think like the guys on mythbusters,

ie breaking down a problem and solving it step by step,

i found that this helped me when learning how to fault find.

Sorry if it sounds stupid, just trying to help

Seriously?

yes


Self pwnage for mentioning this hey.

No. It's an example of logically and exhaustively examining a problem. The basic scientific principles can be applied to the stock market.

You have to remember that you're posting amongst those who consider themselves light-years past such simple reasoning. How about you applying your logic to the stock market (you don't have to use real money) and seeing if it pans out.

 

[Sea Moose]

Originally posted by: seemingly random

Originally posted by: Sea Moose

Originally posted by: Babbles

Originally posted by: Sea Moose

Originally posted by: us3rnotfound

Originally posted by: Sea Moose
myth busters, its a good show to learn about diagnostic techniques.... the way they sit down and think problems through and solve the problem.

Seriously? lol

yeah, when i was doing my apprenticeship, years ago, i found that by trying to think like the guys on mythbusters,

ie breaking down a problem and solving it step by step,

i found that this helped me when learning how to fault find.

Sorry if it sounds stupid, just trying to help

Seriously?

yes


Self pwnage for mentioning this hey.

No. It's an example of logically and exhaustively examining a problem. The basic scientific principles can be applied to the stock market.

You have to remember that you're posting amongst those who consider themselves light-years past such simple reasoning. How about you applying your logic to the stock market (you don't have to use real money) and seeing if it pans out.

thank you SM, i thought i was gonna get pwned. not a bad idea about the stock market, i know there is a site somewhere where you can play with fake money on the stock market.

 

[LegendKiller]

Technical analysis is a joke played on people to think they can predict market movements. You can't predict the unpredictable (humans).

 

[jmcoreymv]

I know you are looking for further information about technical analysis, but if you haven't read "The Intelligent Investor" yet, you really should. It will definitely give you a more realistic perspective on things.