As most of you know, I have signed with Wiley to write a book on Technical Analysis that will be published sometime next year. I want to share some of my thoughts and plans for the book, and also ask you, the trading community, an important question.<\/p>\n
Here’s what I can tell you about the project at this point: I think this will be a unique book that will fill a real need in the literature. First and foremost, it will be a practical trading book aimed at the professional or sophisticated retail trader. If you are looking for a book you can simply pick up and get some new trading ideas or some twists on some old friends, this book will do that. (I also will work very hard to make it useful and accessible to the learning\/developing trader, based on my experience as a teacher and trading coach. If you’re early on in the process, I think this book will be able to shorten your learning curve.) It also will be a book targeted primarily to discretionary traders, though the research sections of the book may also be interesting to system traders.<\/p>\n
However, the really exciting thing is that it will be a book backed up by a ton of research and studies, and I will give you the tools to continue this kind of research on your own. The basic premise is that many of the things people spend time on are probably a waste of time because they simply don’t have an edge, and I’ll give you literally millions of data points to support that claim. After showing you the statistics behind these things, I will also build a statistical framework to support the practical trading tools I give you in the second half of the book. Trading is art as much as science. We won’t be able to reduce it to a simple set of formulas, but it is always helpful to know what kind of plays actually have a statistical edge.<\/p>\n
![\"Follow](\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\")
<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"