Books on chart patterns - futures io
futures io



Books on chart patterns


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Quick Summary with 1 posts (0 thanks)
    2. looks_two gloricle with 1 posts (3 thanks)
    3. looks_3 paps with 1 posts (2 thanks)
    4. looks_4 bobwest with 1 posts (3 thanks)
      Best Posters
    1. looks_one DavidHP with 6 thanks per post
    2. looks_two Salao with 5 thanks per post
    3. looks_3 centaurer with 5 thanks per post
    4. looks_4 wldman with 4 thanks per post
    1. trending_up 1,252 views
    2. thumb_up 33 thanks given
    3. group 10 followers
    1. forum 11 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Books on chart patterns

(login for full post details)
  #1 (permalink)
 TickedOff 
Sydney, NSW, Australia
 
Experience: Intermediate
Platform: NinjaTrader with Jigsaw DOM
Trading: CL, 6E, ES, Piano
 
TickedOff's Avatar
 
Posts: 264 since Nov 2014
Thanks: 229 given, 241 received

Hi what are some good books on chart patterns and technical analysis?

Started this thread Reply With Quote
The following user says Thank You to TickedOff for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(114 thanks from 18 posts)
looks_twoSalao's Journalby Salao
(36 thanks from 8 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(33 thanks from 14 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(14 thanks from 9 posts)
looks_5Maybe a little bit different journalby Malykubo
(10 thanks from 11 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Would You Sell Your System?
75 thanks
Big Mike in Ecuador
57 thanks
The Crude Dude Oil Trading System
50 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
25 thanks
futures io site changelog and issues/problem reporting
24 thanks
 
(login for full post details)
  #3 (permalink)
 gloricle 
Sydney, Australia
 
Experience: Beginner
Platform: Metatrader 4
Broker: IC Markets
Trading: Forex, DAX, Gold
 
Posts: 33 since Feb 2011
Thanks: 47 given, 38 received


Encyclopaedia of Chart Patterns by Thomas Bulkowski


Sent from my iPhone using Tapatalk

Reply With Quote
The following 3 users say Thank You to gloricle for this post:
 
(login for full post details)
  #4 (permalink)
 snax 
Legendary Market Wizard
Chicago
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: MES
 
snax's Avatar
 
Posts: 1,573 since Feb 2019
Thanks: 6,278 given, 6,299 received

In my notes I have a reference to "Trade Chart Patterns Like the Pros" by Suri Duddella. I have seen it referenced on this site and it is on my reading list for some future time.

I should also mention I have a copy of "Reading Price Charts Bar by Bar" by Al Brooks that I intend to read shortly.

I should also add that I take all these resources with a grain of salt always. I try to extract new ideas but I am always aware that there is no silver bullet or perfect approach.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to snax for this post:
 
(login for full post details)
  #5 (permalink)
 centaurer 
south africa
 
 
Posts: 169 since Dec 2018

"The Only Astrology Book You'll Ever Need" has 4.5 stars based on 732 reviews on amazon so by any measure it is a "good" book on astrology.

It is not going to be good though if you actually are trying to study astronomy.

Buying pull backs in a trend works if the trend continues (flag)
When volatility contracts betting on the mean reversion of volatility works (triangle)

Not much else IMO. Certainly not enough to write a few hundred pages about.

I feel like Evidence Based Technical Analysis was an important book for me even though it is basically "Quantitative Astrology".

Reply With Quote
 
(login for full post details)
  #6 (permalink)
 wldman 
Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,341 since Aug 2011
Thanks: 1,978 given, 8,856 received

to me.

I bet I've read a hundred books on TA over the last 25-30 years....almost all of them 20-ish years ago. Some of them were interesting, a few of them were useful. BUT, one thing that I believe it is important for folks to hear is that there is no secret sauce or special incantation or perfect settings when developing some type of non-colinear confluence or hierarchy of elements designed to affirm a tertiary trade decision.

Dan



centaurer View Post
"The Only Astrology Book You'll Ever Need" has 4.5 stars based on 732 reviews on amazon so by any measure it is a "good" book on astrology.

It is not going to be good though if you actually are trying to study astronomy.

Buying pull backs in a trend works if the trend continues (flag)
When volatility contracts betting on the mean reversion of volatility works (triangle)

Not much else IMO. Certainly not enough to write a few hundred pages about.

I feel like Evidence Based Technical Analysis was an important book for me even though it is basically "Quantitative Astrology".


Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to wldman for this post:
 
(login for full post details)
  #7 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,442 since Jan 2013
Thanks: 48,874 given, 21,562 received


TickedOff View Post
Hi what are some good books on chart patterns and technical analysis?

A billion years ago I read "Technical Analysis of Stock Trends" by Edwards and Magee. It's been through many editions, and it's still available on Amazon for about a scrillion dollars: https://www.amazon.com/s?k=Edwards+and+Magee&ref=nb_sb_noss_2

If you're talking about "pure" technical analysis of chart patterns, it has long been a major book. (I read and have the fifth edition; the current edition is the eleventh, so I don't know how it compares with or differs from what I read.)

Someone has mentioned Al Brooks in this thread. I recall somewhere that he mentioned Edwards and Magee as a reference for the type of technical analysis he does. In terms of the chart patterns and such, I think he is correct. (His trading tactics are his own.)

I don't recall this being an easy read. I do think it's going to give you all the "classic" chart patterns, so it that's what you want, that's what you will get.

I do agree somewhat with a few of the comments in this thread about the uncertain value of chart patterns, but that's something for each person to decide for themselves. If you want to recognize them when you see them, and to know what is "supposed" to happen after them, this book will give you what you are looking for.

For what it's worth, I am glad I read it, although honestly I can't say that I recall that much of the detail. But I do know a lot of stuff that I wouldn't know without it, and I look at charts a bit differently than I would otherwise. So that's at least a semi-rave review.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to bobwest for this post:
 
(login for full post details)
  #8 (permalink)
 Salao 
Legendary Market Wizard
Los Angeles CA
 
Experience: Beginner
Platform: NinjaTrader, TOS
Trading: ES (MES), MGC
 
Salao's Avatar
 
Posts: 850 since Jun 2017
Thanks: 6,452 given, 3,474 received

I was just journaling about my reading list! I have finished two of Al Brooks' books. Although I don't think the word finished really applies. I've read them but will be pouring through them for a little while. They were really good, but pretty densely packed. I had also mentioned Richard Schabacker in my journal entry. His book is called Technical Analysis and Stock Market Profits. I think it's what the cavemen used for their analysis...it's old but good. That was the first book I ever read on technical analysis and it provided a good basis for understanding everything I've read since then.

Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to Salao for this post:
 
(login for full post details)
  #9 (permalink)
 DavidHP 
Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,375 since Aug 2009
Thanks: 10,001 given, 2,405 received


TickedOff View Post
Hi what are some good books on chart patterns and technical analysis?

Why just books?
Why not seminars, videos, even audio?

But...
The best teacher is Screen Time.
Just open a chart and watch it move.
Become it's friend, know it's rhythm, know what it's habits are.
It is a living creature!

A book of chart patterns is like a stuffed puppy.
Your child will cuddle it and play with it.
But when you give him a LIVE puppy it will love him back.

Sent using the futures.io mobile app

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
The following 6 users say Thank You to DavidHP for this post:
 
(login for full post details)
  #10 (permalink)
 forgiven 
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
forgiven's Avatar
 
Posts: 668 since Mar 2012
Thanks: 154 given, 396 received


trading them is not so easy . they do not teach that in books . most all patterns you are fading or taking the brake out of a trend line . if you do not know how to trade when price interacts with a trend line , adding a pattern to the mix will not help much.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to forgiven for this post:
 
(login for full post details)
  #11 (permalink)
 paps 
SF Bay Area + CA/US
 
Experience: None
Platform: TS, TOS, Ninja(Analytics)
Trading: NQ CL, ES when volatile mrkts
 
paps's Avatar
 
Posts: 1,721 since Oct 2011
Thanks: 2,173 given, 1,710 received

if u fancy

mastering the markets - Tom Williams

a fantastic read

Reply With Quote
The following 2 users say Thank You to paps for this post:
 
(login for full post details)
  #12 (permalink)
 kiwi 
Gold Coast
 
Experience: Advanced
Platform: Sierra Chart
Trading: Futures and Forex
 
Posts: 25 since Aug 2010
Thanks: 12 given, 55 received

The Ultimate Trading Guide by Hill & Pruitt.

This is a study of things that work in trading including the forecasting abilities of patterns. Well worth reading & then rereading as your trading matures. They're technical but not married to any magic strategy - the reviews on Amazon give a reasonable feel for the book.

Reply With Quote


futures io Trading Community Traders Hideout > Books on chart patterns


Last Updated on May 28, 2019


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

Seven Trading Mistakes Solved With Smart Trading Tools w/Brannigan Barrett

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts