[mrgreen]

18. Hence the saying: If you know the enemy
and know yourself, you need not fear the result of a
hundred battles. If you know yourself but not the enemy,
for every victory gained you will also suffer a defeat.
If you know neither the enemy nor yourself, you will
succumb in every battle.

"Trading and Exchange: Market Microstructure for Practioners (2002)" by Larry Harris. will help w/ the "know your enemy" part.
I'm attaching:
SUN TZU ON THE ART OF WAR
THE OLDEST MILITARY TREATISE IN THE WORLD

Translated from the Chinese
By LIONEL GILES, M.A. (1910)
Cause it will help you start the "know yourself" journey of discovery.
Good Trading to you....

Originally Posted by AgeKay »

After or before you read the "The Futures Game", you should read "Trading and Exchange: Market Microstructure for Practioners (2002)" by Larry Harris. Sorry for not mentioning it earlier. It does not tell you how to trade and does not give you a methodology, strategy or indicator to trade, but instead gives you a good understand how the market works and who is doing what in general terms. Anyway, make sure to read it before all the other books that focus on strategies, indicators, etc.

[nycdweller]

Hi Jessechan,

Can you please provide a little information about Vadym Graifer's "Techniques of Tape Reading" book? Is it useful for daytrading and in what way? Thanks.

Originally Posted by jessechan »

How about adding the following:

a. Vadym Graifer: Techniques of Tape Reading

b. Suri Duddella: Trade Chart Patterns Like the Pros

c. Pascal Willain:Value in Time: Better Trading through Effective Volume (I just ordered this book, to the best of knowledge, the author tries to unmask the selling/buying patterns of the big boys using his proprietary Effective Volume)

[jessechan]

hi, nycdweller,

a very good review of Graifer's Book can be found in amazon.com, especially those comments made by dbphoenix and james lee (both are invaluable contributors to this forum)

as usual, there's not so good comments about the Book as well, you've to make judgment on your own

yes, it applies to daytrading as well

link: http://www.amazon.com/Techniques-Tap...0189905&sr=8-2

[Wilson]

The book's content is great. However, I bought the book for tape reading. It covers volume, price and pace but no real tape reading techniques.
The title for me is a misnomer.

[matinthehat]

I have strayed away from reading any system books or anything that will give me advice on how to open/close any trades. I need to figure this out for myself. Right now i have a few books on the go: Trading and Exchanges, New Market Wizards, and Tape reading and Market Tactics. Research has taught me that the only information to rely on is price information.

[rangerdoc]

You're definitely pointed in the right direction if discretionary trading is what suits you best.
Most people, including myself, waste years chasing systems and system devolpment before realizing this. Some succeed, most don't. While systems traders can be successful, I honestly believe that the truly exceptional traders primarily trade price action. I would recommend:

Studies in Tape Reading: Richard Wyckoff (although the examples are outdated, the principles are a great place to start)
The two books by Dalton that you mentioned in your first book are very good.
Hank Pruden may be the foremost expert on Wyckoff alive, but I found his latest book difficult to follow.
Reminiscences of a Stock Operator.
Also, market wizard/goddess Linda Raschke largely uses price action, Wyckoff & The Taylor Trading Method.