{"id":39577,"date":"2014-12-21T09:20:59","date_gmt":"2014-12-21T14:20:59","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=39577"},"modified":"2014-12-21T09:21:17","modified_gmt":"2014-12-21T14:21:17","slug":"enhancing-trader-performance-with-classics-in-technical-analysis","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/enhancing-trader-performance-with-classics-in-technical-analysis","title":{"rendered":"Enhancing Trader Performance with Classics in Technical Analysis"},"content":{"rendered":"

*****David Blair, The Crosshairs Trader, is a blogger\/trader\/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** \u2014 Editor\u2019s Note<\/em><\/p>\n

\u201cIf I have seen a little further it is by standing on the shoulders of Giants.”\u00a0 Sir Isaac Newton<\/p>\n

We are all influenced in one way or another, good or bad, by what we read and study.\u00a0 Technical analysts are influenced by the books (= authors)\u00a0they read, with the \u201ctrading greats\u201d eventually settling on\u00a0specific and well defined trading edges that they can\u00a0claim as their own.\u00a0 We can say,\u00a0then,\u00a0that a \u00a0great trader becomes great by refining and adapting to\u00a0the\u00a0many sources of influence on his road to creating a personally defined edge\u00a0\u00a0\u00a0 In one way or another all modern technically based traders were influenced, and continue to be influenced, by the following classical texts on technical analysis.<\/p>\n

Technical Analysis of Stock Trends<\/a>\u00a0by Robert D Edwards and John Magee<\/p>\n

The \u201cbible\u201d for technical analysts the world over.\u00a0 Read the first chapter, page 1\u00a0HERE<\/a>.<\/p>\n

Technical Analysis and Stock Market Profits<\/a>\u00a0by Richard Schabacker<\/p>\n

Written in 1932, Schabacker\u2019s seminal work is still the basis for much of modern technical analysis.<\/p>\n

Many modern day technicians acknowledge the two above mentioned books as the basis for their analysis, including\u00a0Peter Brandt<\/a>.<\/p>\n

Technical Analysis of the Financial Markets<\/a>\u00a0by John J. Murphy<\/p>\n

More up to date than Edwards and Magee as Murphy covers developments in computer technology, technical tools, and indicators.\u00a0 Another classic that continues to weld a great influence with this book and the stockcharts.com<\/a>\u00a0website.<\/p>\n

Read his Charting Made Easy\u00a0HERE<\/a>.<\/p>\n

Japanese Candlestick Charting<\/a>\u00a0Techniques by Steve Nison<\/p>\n

According to the author Japanese candlestick analysis dates back to the rice farmers of the 17th century and is now applied to modern technical analysis.\u00a0 It is one of the most popular forms of charting market prices and Steve Nison has written the classic text on it.<\/p>\n

Mr Nison\u2019s website and guides are located\u00a0HERE<\/a>.<\/p>\n

Three modern books on technical analysis carries on the classic tradition of the above\u2026<\/p>\n

Schwager on Futures<\/a>\u00a0by Jack Schwager.<\/p>\n

Not just for futures trading but a definitive guide on technical analysis applicable to any market.<\/p>\n

The Art and Science of Technical Analysis<\/a>\u00a0by Adam Grimes<\/p>\n

Mr Grimes<\/a>\u00a0has written a comprehensive guide to modern analysis. Grimes\u00a0\u201cstands on shoulders\u201d as he masterfully welds the science and art of trading, providing the trader a refreshing source of information to create his own \u201cartful\u201d trading edge.<\/p>\n

Technical Analysis: The Complete Resource for Financial Market Technicians<\/a>\u00a0by Charles D. Kirkpatrick II and Julie Dahlquist<\/p>\n

This is the main\u00a0\u201ctextbook\u201d used for the\u00a0Chartered Market Technician<\/a>\u00a0(CMT) certification.\u00a0 This is indeed the textbook on the history and application of technical analysis.<\/p>\n

I trust the above will help enhance your performance for the only way\u00a0you can \u201csee further\u201d is by \u201cstanding on the shoulders of classical technicians\u201d.<\/p>\n

David Blair<\/strong><\/p>\n

THE CROSSHAIRS TRADER<\/strong><\/p>\n

www.thecrosshairstrader.com<\/a><\/strong><\/p>\n

no relevant postions<\/p>\n","protected":false},"excerpt":{"rendered":"

*****David Blair, The Crosshairs Trader, is a blogger\/trader\/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** \u2014 Editor\u2019s Note \u201cIf I have seen a little further it is by standing on the shoulders of Giants.”\u00a0 Sir Isaac Newton We are all … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[939,4227,3441,1420,726,144],"class_list":["post-39577","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-analysis","tag-classics","tag-enhancing","tag-performance","tag-technical","tag-trader","no-post-thumbnail"],"yoast_head":"\nEnhancing Trader Performance with Classics in Technical Analysis | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/enhancing-trader-performance-with-classics-in-technical-analysis\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enhancing Trader Performance with Classics in Technical Analysis | SMB Training\" \/>\n<meta property=\"og:description\" content=\"*****David Blair, The Crosshairs Trader, is a blogger\/trader\/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. 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