The Secrets of Economic Indicators
I like to buy books that I use as a reference.
This book will help traders because it teaches you what Economic indicators
mean along with their significance and market sensitivity.
In my opinion it is important to understand economic indicators for the big picture.
Lastly, prior to starting the day and knowing what data is released will allow you to make an
assessment whether you want to wait for the dust to settle or get a trade from the get go.
The book does not come with Buy and Sell signals. Use at your own discretion.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Last edited by mattz; January 26th, 2013 at 11:17 AM.
Favorite Futures: stocks and futures (at the moment)
Posts: 6 since Dec 2012
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Only 2 of the 6 books show up
Hey, I'm new to this site and am interested in the books you're recommending, however only two of the 6 books you recommend can be seen. It seems like they are pictures from other sites, yet may no longer exist where the hyperlink points to??? Anyway if the books could just be written out that'd be great.
I aplogozied to Mike for posting a copywritten pdf. So this pdf, which is associated with an entirely different title, Trading Divergences by Dr. Alexander Elder, you'll have to spring for on your own. And if divergences or the MACD are a part of your trading plan, it's the best $8 you'll ever spend, as Dr. Elder uses the MACD almost exclusively to identify divergences. In fact, if you are looking to blow a couple of thousand on some education, save your dineros and start with this $8 pdf. You'll be hittin' the "thank you" button on the lower right.
The writing is clear, concise and powerful.
Attached is a chart reflecting ideas in the book. I chose this particular day because I was on it for Market Replay but similar divergences show up every day.
Oh, and credits go to Fat Tails for his anaMACDUniversal.
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ETA: The last example is not divergence as much as a bottom has formed -- and you know it!
Trading & Exchanges Larry harris Oxford university press. If you want to understand what is a market microstructure who trades in that market who MMs that market and so on.
One good trade mike bellafiore. Prop firms work.A nice reading.
The day traders survival guide Farrel. Good if you trade NQ stocks. Also Nyse. It explain how to read the specialist in the Nyse and the MMS in the Nasdaq i mean the orders book. HFT if you want.
In the continual pursuit for higher profits, investors and traders alike often assume significantly higher risks while chasing the next hot opportunity. Other more sophisticated investors attempt to employ complicated indicators while not fully understanding the information the indicator was designed to reveal. On the other hand, savvy investors employ analysis to gauge the market, positioning themselves to potentially earn higher profits with significantly less risk. Volume analysis attempts to delve deep inside the market trends to help identify shifts within the markets. Investing with Volume Analysis: Identify, Follow, and Profit from Trendspresents an enlightened perspective on the role of volume, not only in pragmatic terms but also in terms of apprehending the underlying rationale of how and why. Award-winning technical analyst Buff Pelz Dormeier teaches state-of-the-art methods for analyzing the relationship of volume to price movements and the evolution of market trends.
* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former