Talk:Technical analysis: Difference between revisions

Revision as of 23:08, 17 January 2015

Revision as of 13:27, 22 July 2017

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:::::::Patterson Scott; "Quants; How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It" Crown Business 2010 '''Chapters 9-10 & 12-13'''

:::::::Arnold; Glen "The Great Investors: Lessons on Investing from Master Traders" Financial Times Press 2011 - ''in the chapter about George Soros, see section about "[[Reflexivity_(social_theory)|Reflexivity]]" in markets''

:::::::Douglas, Mark "Trading in the Zone" Prentice Hall 2000 {{ISBN |0735201447}}, pages 93 to 100

:::::::'''About classical (and still prevalent) examples of misconception about the TA as a tool for forecasting''' things that in their essence are unpredictable:

:::::::Schwed Jr; Fred "Where are the Customer's Yachts?" John Wiley & Sons 1940 {{ISBN |0471119792}};

:::::::in '''Part II''', "Financial Seers" see 'Chartists'. Author's impressions related to the then prevalent behavior (strongly anchored in [[optimism bias]]) of chartists who saw and used the chart reading to try (unsuccessfull) forecast the markets (any markets, any assets) with consistency

:::::::Niederhoffer; Victor "Practical Speculation" John Wiley & Sons 2003 '''Chapter 3''' 'The Hydra Heads of Technical Analysis'. It would be a perfect criticizes to the TA if it weren't outdated. Due to regard it as something scientific (which it isn't), or contain any pattern that can be used for reliable and undoubtful predictions (which it also doesn't have). But anyway, a good example of how many people still see the TA, both the critics (as Niederhoffer), or those who advocates the misusing of TA outside of its scope.

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:::::::'''About psychological obstacles and counterproductive behaviors, that often compromise and undermine the performance of traders in markets''' (another one that may also became a section apart):

:::::::Gunther; Max "The Zurich Axioms" Souvenir Press 1985. Into the Fifth Major Axiom: 1st paragraph of the '''Minor Axiom VI'''

:::::::Elder; Alexander "Trading for a Living; Psychology, Trading Tactics, Money Management" John Wiley & Sons 1993 {{ISBN |0-47159224-2}};

:::::::'''Intro''' - sections "Psychology is the Key" & "The Odds are against You"; And '''Part I''' "Individual Psychology", '''Section 5''' "Fantasy versus Reality"

:::::::"Using Psychology To Save You From Yourself" [http://www.npr.org/templates/story/story.php?storyId=104803094&ft=1&f=1007 | interview with Alix Spiegel] on NPR June 8, 2009

:::::::Douglas, Mark "The Disciplined Trader" New York Institute of Finance 1990; '''Part II''' - "The Nature of the Trading Environment from a Psychological Perspective"

:::::::Kahneman, Daniel "Thinking, Fast and Slow" FSgBooks {{ISBN |9780374275631}}

:::::::'''Examples of how markets' practioners and scholar have agreed in how to deal with the market unpredicability and psychological barriers, in pratical ways''':

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:::::::Mauboussin; Michael J. "Think Twice; Harnessing the Power of CounterIntuiton" '''Chapter 8''' "Sorting Luck from Skill"

:::::::Elder 1993; Part X "Money management", '''Chapter 46''' "Emotions & Probabilities"

:::::::Elder 2008 "Sell and Sell Short" {{ISBN |9780470181676}}, '''Chapter 5''' - section "The Iron Triangle"

:::::::Taleb; Nassim "Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets" Random House 2004 '''Part II''', '''Chapter Eleven''' "Randomness and our Mind: We are Probability Blind" '''section''' "We are Option Blind" pp. 207 to 210

:::::::Scott Patterson 2010; page 300 Thorp's warning