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| Cut price books at bottom of this page This is a link to the MSN group for Pfscan users. If you subscribe to the group you can set it to email you when I post notice of updates etc. The group isn't very busy, so the amount of extra email generated is very light - I subscribe to it myself! An excellent place to go and discuss ideas or ask for help |
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The site has an excellent chart school, which covers just about anything you might need to get a thorough grounding in TA, as well as some of the best online charts for end of day use |
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An Excellent TA reference, lots of useful 'how it works' info |
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Just the place to buy investing related books, some freebies on offer too. Fast service, good prices - I buy my books here myself |
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Not as big as ADVFN etc but growing, and a much better place to go for a chat about stocks and ideas. Friendly and sensible |
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an excellent (free) 'Online University' explains P&F to you in easy stages. There's also a subscription based site area, which gets you market and stock analysis for the US markets |
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| Paritech
These people have been good when I've been after historical data for backtest, and UK users will find their stock of programs and data pretty good. |
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| Stocks and Commodities magazine I just HAD to include this - the TA resources here are immense. If you MUST find out what Welles-Wilder wrote about RSI in 1988 or whatever you'll be able to download (for a few $) the actual magazine article from here. Lots of review info... a real mine of information |
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A very funny spoof newspaper, because you can't watch the markets ALL day without an occasional wry grin to keep you sane Below is a booklist that may be of interest to Pfscan users, each book has a link to the Global site where they can be ordered... |
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| SPREADBETTING: Thanks to all the programming I do I've never managed to get around to trying SB out (shock horror), but over the summer I've been finishing the new RT program off and I decided that I'd finally get round to trying some shorter term trading (a week or so)... so it was rather useful when Global sent me a copy of their new book on the subject The Beginner's Guide to Financial Spread Betting by Michelle Baltazar - £12.99 but there should be the usual Pfscan discount on that. Definitely a beginner's guide, it covers the mechanics of making a trade - a total beginner will be confident, after reading this, that they understand how to place a bet and they'll not still be trying to decide which price it is they'll be getting. Sections on stop losses, margin, types of order - having read it in the course of a single evening it's very readable and will perhaps clear up any misconceptions about 'how to do it'. There are sections on analysis and types of trading (pairs trading, for example) - I would not for one moment treat these as a 'how to pick trades' primer, they're far too brief for that, but as an introduction to each item it's very good... imparting the general idea, so you can always go off and read further into it in a more in depth text. A couple of small niggles - either I'm thick or a couple of the examples aren't right - but they don't cause any problems other than a head scratch. The book ends with 3 stories about traders then some useful appendices and an index. It's a light read - easy to digest, with clear examples that are easy to follow... is it worth £12.99? I think so, if you are thinking about spreadbetting but are put off by the lingo - you can pick up a lot of information from the educational sections of SB company websites, but this little (A5, 136 pages) book just keeps it all nice and handy, and who wants to print dozens of pages out from a PDF or onsite FAQ? Me? I'm currently running a simulated account on Capital Spreads.... |
| References: These are some of the books I referred to whilst programming Pfscan - links are provided to the online bookshop where you can read about each of them |
| How Charts Can Help You in the Stock Market by William L Jiler : An excellent little primer if you are new to TA, barchart based |
| The Complete Guide to P&F charting by Weber & Zieg : A new book on P&F that includes a decent primer for new P&F users but - unlike most books so far - actually goes on to examine risk, pyramiding, where to put stops, backtesting and reliability. Follow the link (click the title) to save 20% off cover price. |
| The all new guide to the Three Point Reversal Method of Point & Figure Construction and Formations by Michael L Burke. This covers chart construction, and comes from the people Dorsey learned P&F from, Has less on charting markets and sectors, and some dislike the poor quality print /A4 ringbinder approach - I think it's really good! (Believed to be a smarter reprint now) |
| Technical Analysis of the Financial Markets by John J Murphy. A big book that tells you a fair amount about all the charts and indicators, and how you can trade them, that you might need. Really an entire TA course in its own right, although those looking to make the indicators up in Excel (for example) will still generally need to find the formula elsewhere (The TASC site, and Incredible Charts are good for this) |
| Other titles of interest: (I've not read ALL of these, but I do have 10 out of the 12) |
| Point and Figure Charting and Tom Dorsey's Trading Tips for P&F books by Tom Dorsey, other P&F books worth a look include a rather old book called Point and Figure Method of Anticipating Stock Price Movements by De Villiers, which dates from about 70 years ago or the somewhat more modern approach of Marc Rivalland's Marc Rivalland on Swing Trading |
| Candlesticks - Pfscan's primary focus is on Point and Figure charting, but users will appreciate that substantial effort is put into finding complementary signals from other sources - newsletters 7 and 8 show what can be done, and the effort continues: Here are a couple of books by Steve Nison, the acknowledged expert on this type of charting: Japanese Candlestick Charting Techniques , Beyond Candlesticks , and The Candlestick Course |
| Finally, it's all very well finding signals to trade - but if you don't know how to manage the trade you'll probably lose over the long run... here's a book I read a while ago, if you've never considered managing trades then a book like this might help you adopt a more businesslike approach - Come into my Trading room by Alex Elder |
