Learn How To Fish

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VJAY

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One more nice writeup from Xray....

Trading using TA means studying lot of books on this subject, Among startups are ,candle stick commentary by steve nilson,edward and magee on patterns,Martin j pring works,cannot ignore Thomas N. Bulkowski Encyclopedia of Chart Patterns ,above all only explains various parts of study of charts, but they will not offer any direct trading system !!!

Among Price action works ,Albrooks,Lance beggs,Bill Williams are important read..traders are divided them self into PA traders ,Systematic trader/discretionary with usage of indicators...PA is 99 % is discretionary ...among all the works in PA ALbrooks and lance beggs are non practical,many have been out of market after using this..

Last comes own theories like Demark works, and Market Profile...both are complicated..i use second one Market Profile

Trader can learn any number of schools,but unless he frames a trading system (Entry,SL,TSL,EXIT) with rules,which can be tested ,he cannot move in trading..very few books are there on this part and very vital ones ,lot of time is wasted in traders life learning most works which are useless,this is the sad part..:(:banghead:,have to spare time to unlearn them is another reality :rolleyes:
 
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