Something Interesting to Read July 2015

 

This is the thread about books related for stocks, forex, financial market and economics. Please make a post about books with possible cover image, short description and official link to buy (amazon for example).

Posts without books' presentation, without official link to buy and with refferal links will be deleted.

Posts with links to unofficial resellers will be deleted

 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read January 2014

Sergey Golubev, 2014.01.28 13:07

MESA And Trading Market Cycles : John Ehlers




In MESA and Trading Market Cycles, Second Edition, MESA pioneer John F. Ehlers returns to reveal more of the inner workings and hidden mechanisms of MESA-the author's well-known and highly respected computerized trading system-and provides both traders and professional speculators with definitive information on using cyclical analysis to create and execute highly profitable forecasting and trading strategies.

This revised and completely updated resource first validates the existence of market cycles by reviewing the history of cycles and the advances in techniques to measure them. It then profiles the basic characteristics of cycles and fully describes moving averages, momentum functions, and indicators from the cyclical perspective. From here, Ehlers focuses on MESA, explaining how it works, how it compares to the Fast Fourier Transformation (FFT), and how traders can use its high-resolution spectral estimates to consistently pinpoint and exploit market cycles and trends.

MESA and Trading Market Cycles, Second Edition also contains new chapters which provide information that makes MESA a much more powerful tool. Topics within these chapters include:

  • The Sinewave Indicator
  • The Instantaneous Trendline
  • Trading Trend Mode and Cycle Mode
  • Making standard indicators adaptive: Commodity Channel Indicator (CCI), Relative Strength Indicator (RSI), and Stochastic Indicator
  • Developing highly effective automatic trading systems using MESA-measured cycles
  • Stock market systems, along with computer code (EasyLanguage) to implement them

Combining MESA, cycles, and technical analysis, this vital guide shows you-whether you're trading in the stock, options, or futures markets-how to boost the probability of establishing successful trades and profitably increase your bottom line. MESA and Trading Market Cycles introduces you to a new way of thinking that will not only lead to highly effective new indicators, but will also provide you with insights into market activity that you would never have imagined.


 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read June 2015

Sergey Golubev, 2015.06.19 10:38

Trading Strategy 102: From Good to Great Trader: 7 Things You Need To Know To Become A Consistently Profitable Trader (Day Trading & Swing Trading)

by Steve Ryan


The difference between good trader and great trader: Consistency.
Then this book might be your perfect solution.


In this book, the author will talk about 7 principles that will make you “re-question” your existing beliefs about trading and investing. This book will give you an extra edge you need to be a consistently profitable trader. Regardless you are day trading, swing trading, forex trading, futures trading, commodity trading, stock trading, options trading, or bond trading, this book will add values to your style.


 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read January 2014

Sergey Golubev, 2014.01.15 07:45

High Probability Trading Strategies - Robert Miners




Trading today's markets—including stocks, futures, or Forex—can be a challenging and difficult endeavor. But it is possible to achieve consistent success in this field, if you're prepared to learn a complete trading plan from entry to exit.

In High Probability Trading Strategies, author and well-known trading educator Robert Miner skillfully outlines every aspect of a practical trading plan—from entry to exit—that he has developed over the course of his distinguished twenty-plus-year career. The result is a complete approach to trading that will allow you to trade confidently in a variety of markets and time frames.

With this book as your guide, you'll quickly learn how to recognize high-probability trading opportunities, pinpoint exact entry and stop prices, and manage a trade until it's completely closed out. You'll discover how the four key factors of dual-time-frame-momentum, pattern, price, and time can guide you down the path to trading profits. As you become familiar with the proven strategies and techniques taught in High Probability Trading Strategies, you'll also come to understand the type of market information you can use to make specific trade decisions and how to execute those decisions from start to finish.

Miner teaches in a practical, step-by-step manner until a complete trading plan is developed. While the ideas found here are essential to trading success, the best way to learn is by example. That's why Miner has devoted an entire chapter—called "Real Traders, Real Time"—to trade examples submitted by his past students. In it, you'll see how they apply the strategies taught throughout the book to markets around the world.

A companion website completes this comprehensive learning package. It's not a word-for-word review of the material in the book, but rather an additional tool to illustrate more examples. With it, you'll learn how to put high-probability trading strategies into practice, day by day and bar by bar, for many different markets and time frames.

Written with the serious trader in mind, High Probability Trading Strategies details a practical approach to analyzing market behavior, identify-ing profitable trade setups, and executing and managing trades—from entry to exit—that will allow you to both preserve and grow your capital. If you're looking to make the most of your time in today's markets, look no further than High Probability Trading Strategies.


 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read November 2014

Sergey Golubev, 2014.11.19 18:56

How Legendary Traders Made Millions: Profiting From the Investment Strategies of the Gretest Traders of All time

by John Boik

From the author of three market books published by McGraw-Hill, Lessons From the Greatest Stock Traders of All Time was chosen by Barron's as one of the top 25 Best Books of 2004. A former stockbroker and currently a financial controller, his second book was released in April 2006 titled How Legendary Traders Made Millions.

Learn how to generate profit, from history's most celebrated traders including William J. O'Neil, Jesse Livermore, and others.

In How Legendary Traders Made Millions, award-winning investment author and historian John Boik has created the first book to put the strategies of history's top traders in one place. Revealing how each trader took advantage of distinct market situations, it details the hands-on specifics of each trade as well as the economic, political, and stock market environments in which the strategy flourished.


 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read December 2014

Sergey Golubev, 2014.12.10 10:09

How I Made $2,000,000 in the Stock Market
by Nicolas Darvas



Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. During his off hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying.Darvas invested his money into a couple of stocks that had been hitting their 52-week high. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. His main source of stock selection was Barron's Magazine. At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made 2,000,000 in the Stock Market. The book describes his unique "Box System", which he used to buy and sell stocks. Darvas' book remains a classic stock market text to this day.



 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read December 2014

Sergey Golubev, 2014.12.11 14:09

Safe Strategies for Financial Freedom
by Steve Sjuggerud



Most people are only a few thousand dollars a month away from financial freedom. Financial freedom is not about millions of dollars in the bank--it's simply about generating investment income that exceeds your cost of living. Once you're there, you're financially free!

Safe Strategies for Financial Freedom shows you how to get there, from how to invest wisely and protect what you earn to proven techniques for developing sources of regular income to cover your expenses and achieve financial independence. Inside, you'll discover:

  • The fastest and easiest way to get out of debt without pinching pennies
  • Simple models that tell you how and when to invest in stocks, bonds, gold, and real estate
  • Van Tharp's legendary risk-control techniques--How the world's most profitable investors reduce their risk and leave their wealth-generating potential unlimited

People achieve financial freedom every day--now it's your turn. Safe Strategies for Financial Freedom shares the secrets of how you can achieve financial freedom by determining your "financial freedom number," making the right investment moves, and accepting nothing less than absolute success. From its risk-controlling investment strategies to its "Why didn't I think of that?" money-management techniques, you'll learn a financial program designed to make you the master of your money, instead of its slave.

Written by world-renowned financial advisors Van K. Tharp, D.R. Barton, and Steve Sjuggerud, who have used these techniques to free themselves and thousands of others from jobs that barely cover expenses, this book describes:

  • Your Personal Financial Freedom Number--How to build passive monthly income that frees you from the workplace
  • Specific strategies for transforming your assets from money pits to money producers
  • Stock market strategies that produce profits in all market environments, even major bear markets.
  • The Max Yield Strategy--A once-a-year system for safe, double-digit profits
  • Three proven real estate strategies for generating instant equity, long-term income, or both

Is your current plan is to spend your life working 50 or more hours a week and then saving your nickels until you retire to a modest, fixed income? You're not alone. But it might surprise you to discover just how many people are now actively taking the steps to achieve financial freedom that are contained in this book.


 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read January 2014

Sergey Golubev, 2014.01.09 16:52

Harmonic Trading, Volume One: Profiting from the Natural Order of the Financial Markets: Scott M. Carney: 9780137051502: Amazon.com: Books

by Scott M. Carney




Harmonic Trading creator Scott Carney unveils the entire methodology to turn patterns into profits. These strategies consistently identify the price levels and market turning points that reveal the natural order within the chaos of the financial markets. Analogous to the predictable behavior of many of life’s natural processes, Harmonic Trading examines similar relationships within the financial markets to define profitable opportunities in an unprecedented manner. Carney introduces new discoveries such as the Bat pattern, Alternate AB=CD structures, the 0.886 retracement, and more. These strategies are entirely new to the trading community, and they represent a profound advancement beyond all other Fibonacci methodologies!

After you’ve discovered how to identify harmonic patterns, Carney presents a complete methodology for applying them in trade execution and handling them throughout the entire trade management process. From savage bear to rampaging bull, Harmonic Trading can be employed in all markets--equities, currencies, commodities, and foreign markets--for both short- and long-term timeframes.


 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read July 2014

Muhammad Syamil Bin Abdullah, 2014.07.08 12:07

Advanced Trading Rules, Second Edition (Quantitative Finance)



Advanced Trading Rules is the essential guide to state of the art techniques currently used by the very best financial traders, analysts and fund managers. The editors have brought together the world's leading professional and academic experts to explain how to understand, develop and apply cutting edge trading rules and systems. It is indispensable reading if you are involved in the derivatives, fixed income, foreign exchange and equities markets.

'Advanced Trading Rules' demonstrates how to apply econometrics, computer modelling, technical and quantitative analysis to generate superior returns, showing how you can stay ahead of the curve by finding out why certain methods succeed or fail.

Profit from this book by understanding how to use:

* stochastic properties of trading strategies
* technical indicators
* neural networks
* genetic algorithms
* quantitative techniques
* charts

Financial markets professionals will discover a wealth of applicable ideas and methods to help them to improve their performance and profits. Students and academics working in this area will also benefit from the rigorous and theoretically sound analysis of this dynamic and exciting area of finance.

* The essential guide to state of the art techniques currently used by the very best financial traders, analysts and fund managers
* Provides a complete overview of cutting edge financial markets trading rules, including new material on technical analysis and evaluation
* Demonstrates how to apply econometrics, computer modeling, technical and quantitative analysis to generate superior returns


 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read February 2014

Sergey Golubev, 2014.02.14 14:53

Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game

by Kathy Lien




Trading is a battle between you and the market. And while you might not be a financial professional, that doesn't mean you can't win this battle.

Through interviews with twelve ordinary individuals who have worked hard to transform themselves into extraordinary traders, Millionaire Traders reveals how you can beat Wall Street at its own game.Filled with in-depth insights and practical advice, this book introduces you to a dozen successful traders-some who focus on equities, others who deal in futures or foreign exchange-and examines the paths they've taken to capture considerable profits.
With this book as your guide, you'll quickly become familiar with a variety of strategies that can be used to make money in today's financial markets. Those that will help you achieve this goal include:

  • Tyrone Ball: trades Nasdaq stocks almost exclusively, and his ability to change with the times has enabled him to prosper during some of the most treacherous market environments in recent history.
  • AShkan Bolour: one of the earliest entrants into the retail forex market, he trades in the direction of the major trend, rather than trying to find reversals.
  • Frank Law: a technician at heart, identifies a trading zone, commits to it, and scales down as long as the zone holds.
  • Paul Willette: has mastered a method that allows him to harvest some profits right away, while ensuring that he can still benefit from an occasional extension run in his favor.

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Other books by Kathy Lien :

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Kathy Lien :



 

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read August 2014

Sergey Golubev, 2014.08.04 10:36

The Definitive Guide to Point and Figure: A Comprehensive Guide to the Theory and Practical Use of the Point and Figure Charting Method
by Jeremy du Plessis

Point and Figure charts are one of the great secrets of the Technical Analysis world.  Highly sophisticated and with a thoroughbred pedigree, they can, however, be overlooked by traders today.

Jeremy du Plessis - one of the foremost Point and Figure experts in the world - returns with a fully updated second edition of this definitive guide in an effort to redress this imbalance. This second edition, with an extensive revision to the text and introduction of brand new techniques, demystifies the world of Point and Figure charting. It includes a detailed explanation of the history and development of the technique from its invention to the modern day, and covers the makeup of the chart patterns, why they are created, and how to interpret them.

Throughout, readers are encouraged to understand Point and Figure charts from first principles, rather than just remember the names of a series of patterns. It is the first major work for 50 years to discuss in depth the original 1-box reversal method of Point and Figure charting and contrast it with the more popular 3-box reversal method.

Further, the explanation of how to use Point and Figure charts to project targets and calculate risk-reward ratios is the most comprehensive ever seen. Also featured in the second edition are:

  • A step-by-step analysis of the FTSE 100 Index using the 3-box method, as well as the NASDAQ Composite Index, using the 1-box method
  • A detailed discussion of optimising techniques
  • An in-depth chapter on Analysing Point and Figure charts, extensively rewritten from the first edition
  • A new explanation of how Point and Figure parameters are chosen and the implications of choosing them
  • Two new Point and Figure construction methods never seen before
  • Point and Figure's contribution to market breadth, with a look at bullish percent and two brand new indicators
  • Full discussion of Point and Figure gaps and how they provide valuable information about the chart
  • Lesser known, more advanced techniques such as the use of moving averages, parabolic SAR and Bollinger Bands on Point and Figure charts
  • Price and volume activity histograms and how they provide information about support and resistance

All this is illustrated with numerous colour charts and observations from years of trading experience. According to du Plessis, Point and Figure charts are the 'voice of the market'. This book helps you listen to, and understand, that voice. Part of the Market Technicians Association (MTA) Required Reading list.


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