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Must have books for "Price Action" trading.

  #26 (permalink)

Brisbane Queensland Australia
Posts: 191 since Aug 2017
Thanks: 124 given, 297 received

Seems to be a consensus on " indicators are useless " and whilst this is primarily true if you dont understand Price Action . I used to be in that boat myself . I do advocate learning Price Action as a first step on getting basics in TA " BUT" once you have Price Action nailed down what better way to quantify and systemize this price action knowledge than by measuring and filtering it . Now this comes to the point i am trying to make here . Once you actually know what you are trying to measure/filter indicators are invaluable . Indicators are a mathematical formula , pretty well the only way to get binary decision making . Once you can select/design an indicator/formula to measure a tangible definable snapshot of price action you have opened up a whole new world . Just saying , keep an open mind

One of my fave books is ' Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals ' a must read imo

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