Technical Analysis of Stock Trends, 8th Edition

After long search for the Holy Grail, going from one indicator to another, I was recommended this book. Along with it was a mentor who guided me by answering all the doubts, vagues ideas, hidden messages, and real life action of these ideas in real trading real time. But this book is the foundation of my method today.

Nothing new really, everyone uses it or at least talk about it. But one secret is reading it over and over to get to truly understand the authors' detailed descriptions that were missed in the last reading. I still use it as a reference when I'm confused as to what the market is doing.


This book emphasized price action as king, everything is secondary. It covers price, volume, trendlines, patterns, stops, and targets. It's one of the few books that cover profit targets. Then there are secondary topics like position and portfolio management, situation with hyperactive stocks, crashes, account management, etc. These price action form patterns over and over no matter timeframe, instrument or time of day, month, or year. It took me a year of reading and rereading and to put into practice with success. I recommend this book for anyone who wants to understand market structure and behavior. Take nothing in the book for granted. Every line is important. Every line is a nugget of wisdom.