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Re: Technical Analysis - Useful LINKS
« Reply #39 on: April 21, 2012, 01:01:00 PM »

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Offline co2

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Re: Technical Analysis - Useful LINKS
« Reply #42 on: June 07, 2010, 01:20:36 AM »
Top 15 Best Stock Market Books
Technical Analysis Books That Every Trader Should Own

Lets face it. Most stock market books that you buy on trading stocks are not even worth buying. There are only a handful of technical analysis books that I think every trader should own. These are books that I have personally read and recommend.

Short Term Trading Strategies That Work is my all time favorite book for swing traders. It includes 16 backtested trading strategies, exit strategies, and 5 strategies to time the market. Every swing trader should own this book.
1. How to Make Money in Stocks

By William J. O'neil

This is a great introductory book to the stock market. It outlines William O'neil's CANSLIM approach to trading and investing. This books will give to some great insight into how the stock market works. The chapter on how to read stock charts and the "cup and handle pattern" is a must read. Also, the chapter on the greatest stock market winners of all time is inspiring.
2. How I Made 2,000,000 in the Stock Market

By Nicolas Darvas

This is one of the most unique stories about a person that made a fortune in the stock market using a simple trading system that is still used today. This inspiring story will keep you reading until the end!

Note: This book is included in the Nicolas Darvas Home Study Course. This is a great course that goes into depth on how to draw Darvas Boxes on a stock chart.
3. Practical Speculation

By Victor Niederhoffer and Laurel Kenner

This book will blow you away! It will make you think twice about all of the conventional wisdom that is constantly spread by the media. Don't miss the chapter on Earnings Propaganda (chapter two). If you just want the truth about trading and investing, then this book is for you.
4. How to get Started in Active Trading and Investing

By David Nassar

I picked up this book at an airport bookstore right before a long flight. I didn't expect much. I was just looking or something to read to pass the time. I was surprised to find out this book would become my single best stock market recommendation for new traders! This unique book will get you on the fast track to the trading and investing world.
5. Secrets for Profiting in Bull and Bear Markets

By Stan Weinstein

This is one of the best technical analysis books to date. This covers when to buy, when to sell, and how to sell stocks short. This book also has an in depth chapter on market stages which is worth the entire cost of the book alone. I still use the 30-week MA which I learned about in Chapter One!
6. How Charts Can Help You in the Stock Market

By William Jiler

This is a great reference book with all the common chart patterns like head and shoulders, triangles, reversal days, etc. You will find them all in this book with examples of each pattern. You will find yourself coming back to this book time and time again.
7. Tools and Tactics for the Master Day Trader

By Oliver Velez and Greg Capra

This wins the award for the worst title of all technical analysis books! This is mostly a swing trading book. It has very little to do with day trading. It still is one of the best no-nonsense books on technical analysis ever written. You will find so many secrets and stock market wisdom in this book that are not found in any other book on technical analysis. A must read!
8. Japanese Candlestick Charting Techniques

By Steve Nison

This is by the far the best book on candlestick charts to date. This isn't just another book on candlestick patterns. It explains the emotional state of mind behind each pattern. It also explains how to use these patterns in conjunction with western technical analysis. This is another reference book that you will use often.
9. Market Wizards

By Jack D. Schwager

This book contains interviews with the top traders in the world. You will be fascinated by their methods, discipline, and insight into the stock market. Learn how these top traders have achieved their success! Also, don't forget to get The New Market Wizards containing interviews with more traders.
10. Trading In The Zone

By Mark Douglas

No matter how much knowledge you have about trading stocks, chances are you still will not be able to make money consistently. The reason is because you are still operating under certain beliefs about the market that are absolutely false. This book is included in the list because it is the best book on trading psychology ever written.
11. Reminiscences of a Stock Operator

By Edwin Lefevre

What library of stock trading books would be complete without this gem? Answer: None. Just about every famous quote in the stock market comes from this book! You will enjoy this timeless story of one of the greatest speculators of all time.
12. Strategies for Profiting on Every Trade

By Oliver Velez

This book has become one of my favorites. Comes with numerous chart examples on how to trade gaps, first pullbacks, trading reversals, and managing your trades. You won't find the concepts described in this book anywhere else.
13. Secrets of the Underground Trader

By Jea Yu and Russell Lockhart

This book is filled with technical analysis tips and tricks from beginning to end. You will learn about market structures, Fibonacci, Elliott Wave, bull and bear zones, and a candle by candle analysis of a trade. Warning: This book is for more advanced traders.
14. Trader Vic - Methods of a Wall Street Master

By Victor Sperandeo

When I first bought this book, I started highlighting important parts of the book. Then I realized that I was highlighting almost everything! This book has some great information on how the institutions manipulate the market with buy and sell programs.
15. Technical Analysis Explained

By Martin J. Pring

I saved the best for last. This is the bible of all technical analysis books! In this massive book you will find everything from price patterns to moving averages to sentiment indicators
An investor without investment objectives is like a traveler without a destination.  ~Ralph Seger

Offline co2

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Re: Technical Analysis - Useful LINKS
« Reply #43 on: June 14, 2010, 04:09:29 PM »
The I.B.D. 20 Rules for investing
I don't closely follow this methodology, but it does beat the market if you follow it. Note it's for Investing not trading. Number 18 is timely these days.
From Investors Business Daily online:


If all of IBD's 20 rules are carefully followed (not just the ones you like), your investment results should materially improve:


1. Consider buying stocks with each of the last three years' earnings up 25%+, return on equity of 17%+ and recent earnings and sales accelerating.

2. Recent quarterly earnings and sales should be up 25% or more.

3. Avoid cheap stocks. Buy higher quality stocks selling $15 a share and higher.

4. Learn how to use charts to see sound bases and exact buy points.

5. Cut every loss when it’s 8% below your cost. Make no exceptions so you can always avoid huge, damaging losses. Never average down in price.

6. Follow selling rules on when to sell and take profit on the way up.

7. Buy when market indexes are in an uptrend. Reduce investments and raise cash when general market indexes show five or more days of volume distribution.

8. Read IBD's Investor's Corner and Big Picture columns to learn how to recognize important tops and bottoms in market indexes.

9. Buy stocks with a Composite Rating of 90 or more and a Relative Price Strength Rating of 85 or higher in the IBD SmartSelect® Corporate Ratings.

10. Pick companies with management ownership of stock.

11. Buy mostly in the top six broad industry sectors in IBD’s New High List.

12. Select stocks with increasing institutional sponsorship in recent quarters.

13. Current quarterly after-tax profit margins should be improving, near their peak and among the best in the stock's industry

14. Don’t buy because of dividends or P-E ratios.

15. Pick companies with a superior new product or service.

16. Invest mainly in entrepreneurial New America companies. Pay close attention to those with an IPO in the past 8 years.

17. Check into companies buying back 5% to 10% of their stock and those with new management.

18. Don’t try to bottom guess or buy on the way down. Never argue with the market. Forget your pride and ego.

19. Find out if the market currently favors big-cap or small-cap stocks.

20. Do a post-analysis of all your buys and sells. Post on charts where you bought and sold each stock. Evaluate and develop rules to correct your major past mistakes.
aiki14 is offline      
An investor without investment objectives is like a traveler without a destination.  ~Ralph Seger

Offline co2

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Re: Technical Analysis - Useful LINKS
« Reply #44 on: June 14, 2010, 04:13:30 PM »
Cramer's 25 Rules for Investing

Rule No. 1: Bulls, Bears Make Money, Pigs Get Slaughtered
It's essential for all traders to know when to take some off the table. More

Rule No. 2: It's OK to Pay the Taxes
Stop fearing the tax man and start fearing the loss man because gains can be fleeting. More

Rule No. 3: Don't Buy All at Once
To maximize your profits, stage your buys, work your orders and try to get the best price over time. More

Rule No. 4: Buy Damaged Stocks, Not Damaged Companies
There are no refunds on Wall Street, so do your research and focus your trades on damaged stocks rather than companies. More

Rule No. 5: Diversify to Control Risk
If you control the downside and diversify your holdings, the upside will take care of itself. More

Rule No. 6: Do Your Stock Homework
Before you buy any stock, it's important to research all aspects of the company. More

Rule No. 7: No One Made a Dime by Panicking
There will always be a better time to leave the table, so it is best to avoid the fleeing masses. More

Rule No. 8: Buy Best-of-Breed Companies
Investing in the more expensive stock is invariably worth it because you get piece of mind. More

Rule No. 9: Defend Some Stocks, Not All
When trading gets tough, pick your favorite stocks and defend only those. More

Rule No. 10: Bad Buys Won't Become Takeovers
Bad companies never get bids, so it's the good fundamentals you need to focus on. More

Rule No. 11: Don't Own Too Many Names
It can be constraining, but it's better to have a few positions you know well and like. More

Rule No. 12: Cash Is for Winners
If you don't like the market or have anything compelling to buy, it's never wrong to go with cash. More

Rule No. 13: No Woulda, Shoulda, Couldas
This damaging emotion is destructive to the positive mindset needed to make investment decisions. More

Rule No. 14: Expect, Don't Fear Corrections
It is not always clear when a correction will strike, so expect and be prepared for one at all times. More

Rule No. 15: Don't Forget Bonds
It's important to watch more than stocks, and bonds are stocks' direct competition. More

Rule No. 16: Never Subsidize Losers With Winners
Any trader stuck in this position would do well to sell sinking stocks and wait a day. More

Rule No. 17: Check Hope at the Door
Hope is emotion, pure and simple, and trading is not a game of emotion. More

Rule No. 18: Be Flexible
Recognize and be open to the unexpected shifts in the market because business, by nature, is dynamic, not static. More

Rule No. 19: When the Chiefs Retreat, So Should You
High-level executives don't quit a company for personal reasons, so that is a sign something is wrong. More

Rule No. 20: Giving Up on Value Is a Sin
If you don't have patience, think about letting someone who does run your money. More

Rule No. 21: Be a TV Critic
Accept that what you hear on television is probably right, but no more than that. More

Rule No. 22: Wait 30 Days After Preannouncements
Pre announcements signal ongoing weakness, wait 30 days to see if anything has gotten better before you pull the trigger to buy. More

Rule No. 23: Beware of Wall Street Hype
Never underestimate the promotion machine because analysts get behind stocks and can keep them propelled in an up direction well beyond reason. More

Rule No. 24: Explain Your Picks
Buying stocks is a solitary event, too solitary in fact, so always make sure you can articulate your reasoning to someone else. More

Rule No. 25: There's Always a Bull Market
It's OK if you have to work hard to find it, just don't default to what's in bear mode because you are time-constrained or intellectually lazy. More
An investor without investment objectives is like a traveler without a destination.  ~Ralph Seger

Offline co2

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Re: Technical Analysis - Useful LINKS
« Reply #45 on: June 14, 2010, 04:20:02 PM »
Cramer's 25 investment rules

Are you following all of them?

1. Pigs Get Slaughtered
2. It's OK to Pay the Taxes
3. Don't Buy All at Once
4. Buy Damaged Stocks
5. Diversify to Control Risk
6. Do Your Homework
7. Don't Panic
8. Buy Best-of-Breed
9. Defend Some Stocks
10. Don't Bet on Bad Stocks
11. Own Fewer Names
12. Cash Is for Winners
13. No Regrets
14. Expect Corrections
15. Know Bonds
16. Don't Subsidize Losers
17. No Room for Hope
18. Be Flexible
19. Quit When Execs Do
20. Patience Is a Virtue
21. Be a TV Critic
22. When to Wait 30 Days
23. Beware the Hype
24. Explain Your Picks
25. Find the Bull Market  :banana: :banana: :banana:
An investor without investment objectives is like a traveler without a destination.  ~Ralph Seger

Offline Farzooq

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Re: Technical Analysis - Useful LINKS
« Reply #46 on: December 05, 2010, 11:35:16 AM »
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Re: Technical Analysis - Useful LINKS
« Reply #48 on: December 06, 2010, 12:21:59 PM »
"The only true wisdom is in knowing you know nothing." - Socrates

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Re: Technical Analysis - Useful LINKS
« Reply #52 on: February 28, 2011, 09:37:43 PM »
DOUBLE BOTTOM FORMATION

The chart pattern known as a Double Bottom is essentially a mirror image of Double Tops and they still alert us to the major factor that the price action is about to change direction (reversal pattern) but this time from a downtrend to an uptrend.

Learn About One of the Most Powerful Reversal Pattern Signals
Double Bottoms are formed after an extended downtrend and price action starts to pause then trades in what we call a trading channel. The double bottom can be visualised when you analyse your chart as there are two fairly equal consecutive troughs (bottoming pricing action) and a peak in the middle.

As we progress through our education examples you will be able to see that there are a few variations of Double Bottoms which we use and analyse for shorter and longer term trading in our professional trading roles. Many potential double bottoms can form along the way down, but until key resistance is broken, a reversal pattern cannot be confirmed. To help clarify, we will look at:

Key Points in Formation
Establish Trend – As with any other reversal pattern there must be a long term established trend to reverse as Double Bottoms have to be formed after a significant Downtrend.
First Trough – This trough marks the lowest point of the price action after the significant downtrend and you can occasionally see price action testing in this area before creating the neckline/peak.
Peak – After the first trough has been rejected and price action starts retracing back to an area of resistance, you will sometimes see a decline in demand which is shown in the volume.
Second Trough – The price action can now start to test the price of the first trough seeing that the area of resistance has now been created. We believe here at Stock-Market-Strategy that it is down to the choice of the individual trader on what the price action should be but there are certain analysts that require price action to be within 3% either side of the first trough price.
Resistance Break – As the second trough has been formed and the price has been rejected, price will advance to the resistance area of the peak. As the channel has normally been created over a 2 month period, the peaks resistance area is likely to be tested a few times before breaking. Once the resistance has been broken and the price  has closed above resistance then we can be sure that the pattern is confirmed.
Support – Broken resistance becomes potential support and there is a high possibility that it will be tested by the price and rejected. It is now that you should either exit all short positions from previous downtrend or enter your long position in the stock market.

Styles Traded – There are Three ways in which the Double Bottoms can be Traded:
Aggressive – This is when the price action of the second trough reaches the price level of the first trough. This is considered a low odds trade and you will be stopped out more often.
Less Aggressive – The price breaks the resistance area and closes above. There is a bigger stop loss but is more confirmation that the price is on its way up.
Might Miss – Price retests the resistance area which is now the support area.


source: stock-market-strategy.com

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Re: Technical Analysis - Useful LINKS
« Reply #55 on: May 11, 2011, 02:24:30 AM »
http://sce.uhcl.edu/boetticher/ML_DataMining/TechAnalysisAtoZ.PDF

I found this link somewhere. seems good. Actually i dont like reading a lot so is it enough to have good know how for technicals or do you have another book which gives complete knowledge about technicals?

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Re: Technical Analysis - Useful LINKS
« Reply #58 on: March 11, 2012, 01:27:11 PM »
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