Jack o'Clubs said:
I really like Chick Goslin's 'Trading Day By Day'. One of my trading portfolios is run along the lines of his method and makes money. It's also well written and a good general read on the markets even if you don't take his methods to heart.
What I love about T2W is the different opinions that abound. While I respect J.O.C.'s view, I could not disagree with it more. While Chic Goslin's approach to the markets is certainly very interesting, it nonetheless ranks as one of the
worst written books I've ever tried to read. It's absolutely dire IMO, which is a great shame, as the underlying message and observations that he makes are excellent. The writing style is turgid, monotonous and boring in the extreme. A cure for insomnia if ever there was one!
nickdd,
Books to add to your Chrimbo list - in no particular order;
1.
Japanese Candlestick Charting Techniques by Steve Nison. I won't bother with a review here as there is loads written about this book elsewhere.
2.
Investor's Guide To Charting by Alistair Blair. This is a good book by virtue of the fact that the author doesn't believe in T.A. and approaches the subject with deep suspicion and bias. This is healthy I think, and helps the reader to question a little more deeply what lies behind classic chart patterns like H&S.
3. Following on from No.2. if you want to investigate the whole price and volume subject in greater depth, then I recommend dbphoenix's book. Here's a link to a thread that discusses it:
http://www.trade2win.com/boards/showthread.php?t=19052&highlight=dbphoenix+book
Unlike Goslin, it is very well written indeed and divided up into separate subjects where he addresses specific topics in depth, e.g. demand and supply, bases, rectangles and trendlines etc. It's all good stuff but, just because he's a T2W heavyweight, readers should - IMO - question what he says in the same way as one would any other author. Don't assume he's correct just because it's him that's written it. I try to apply this approach to all authors, regardless of their pedigree, success or fame.
Happy reading!
Tim.
