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156

Recommened Books?

By 156, in Market Profile

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clmacdougall    11

clmacdougall
Posted

Blowfish,I finished "Evidence Based Tecnical Analysis" about a week ago. You'd find the middle to be the most memorable part of the book I think. In it he outlines a good but complicated understanding of statistical analysis. Worthwhile but needs to be read a couple of times to really get it I think.

The first part of the book is an historic timeline of the evolution of the objective scientific study method by which to evaluate supposed truths. Interesting but possibly not worthwhile.

The last part of the book is just plain strange as he morphs together a study of 30 or 40 indicators based on fundamental and technical data to see whether an edge can be found through a combination of any of these. The answer he came to was no, but the conclusions he draws from the answer opens the door for TA in the future. The creation of a graph for an either overly complex or not complex enough trading methodology is really interesting, you'd probably appreciate that as well. Worth owning if these topics interest you.

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