[protocol]

Greeting Trabers Lab!

I have been studying trading off and on for the last few and have finally decided to devote the time necessary to be successful at trading. I like the vibe at this forum compared to others as there seems to be a willingness to help those who want to help themselves compared to flaming that occurs on other boards. This is now my trading homepage.

I plan on being a price action based trader who uses as few indicators a possible. In order to reach my goal I know there will be lots of study and screen time needed to understand the markets. I will eventually begin daytrading trading emini futures and at some point swing trading some of the other futures markets, but my focus right now is understanding the fundamentals of price action and market physcology. Looks like I will be spending lots of time in the Wycoff and the candlestick forums.

My first goal is to understand candlestick charting by studying the below books from Steve Nisson.
1. The Candlestick Course
2. Japanese Candlestick Charting Techniques

Once complete I’ll move on to some general trading and technical analysis books. Feel free suggest any books that will assist in my education.

[matinthehat]

I am a complete beginner but i know all the price action junkies would recommend "Reminiscence of a Stock Operator" and "Studies in Tape Reading" (Daytrader's Bible). Both of which you can find in the .PDF format in the WYCKOFF section.

[protocol]

Thanks! I will add those to my list.

[diablo272]

I addition to reading books, one of the best ways (that I know of) to improve your trading is to get screen time. Screen time is just that--time that you spend in front of your screen watching the markets. This is very important if you're trying to get a grasp on price action. Just look for patterns in price, and also look at what price does at areas of support and resistance. You can also look at volume at these areas of support and resistance, and also look at what volume does when price reverses. Just keep watching the market as much as you can.

[Eiger]

Tom Wiliams's Undeclared Secrets that Drive the Stock Market and The Wyckoff Course available from Wyckoff/SMI.

[OAC]

All sounds like a broken record. Let me add something new:

" Candlesticks, Fibonacci, and Chart Pattern Trading Tools" by Robert Fischer

[DbPhoenix]

Before you spend a great deal of money, or any, I suggest you explore the site itself. There are several threads with a specific focus on price action, one of which is "price action only". See also the introductory "stickies" at the Wyckoff Forum. The first of these includes attachments of two books in pdf form, free, as already mentioned above.

As for hard-copy books, get what you can from the library, for nothing. You may be surprised at what is available. Look also at the used books available at Amazon. Unfortunately, the prices for the used versions of the best books will not be much different than they are new, but money is money, and whatever you save can be added to your trading account. One which I particularly like in the area of price action is Techniques of Tape Reading. Also consider stopping by the on-site chat room. We're there every day, trading price, and your questions are welcome.

Eventually you may decide to buy the CDs and the DVDs and the courses and the so forth, but give free a shot first. Free is good.