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Economics isn't really a good starting point for financial market analysis for the simple reason that its models are wildly inaccurate. As behaviorial economists like Daniel Kahneman have been showing, irrationality and the inability to measure risk properly are a very big component of the investment and trading decisions. But statistical risk management is also sloppy when applied to human behavior because people are not objects that reliably behave the same way under similar circumstances. So when you read an economist about markets or an engineer about risk management, you're missing a lot of the story. In the end, technical analysis is fascinating because how and why humans behave is an enduring mystery.
Trading Systems is an encyclopedia of all the technical ideas ever devised and the trading methods associated with the technical ideas and how those methods can be used to manage risk. Like any encyclopedia, this book has far more information and insight than you can possibly absorb in a single sitting—or 50. Kaufman presents thorny math subjects with the math (if you can stomach it) and also in prose for those of us less-gifted. When I read some headline or assertion about a market that strikes me as absurd, I head straight for Kaufman to find out what he says about it. This usually ends in a reference to another author who has studied the topic in deep detail—Kaufman names just about every chart guru that ever developed anything worth knowing. I also consult Kaufman when I think I see something on a chart and want to know what it…
The new edition of the definitive reference to trading systems-expanded and thoroughly updated.
Professional and individual traders haverelied on Trading Systems and Methods for over three decades. Acclaimed trading systems expert Perry Kaufman provides complete, authoritative information on proven indicators, programs, systems, and algorithms. Now in its sixth edition, this respected book continues to provide readers with the knowledge required to develop or select the trading programs best suited for their needs. In-depth discussions of basic mathematical and statistical concepts instruct readers on how much data to use, how to create an index, how to determine probabilities, and how best…
Economics isn't really a good starting point for financial market analysis for the simple reason that its models are wildly inaccurate. As behaviorial economists like Daniel Kahneman have been showing, irrationality and the inability to measure risk properly are a very big component of the investment and trading decisions. But statistical risk management is also sloppy when applied to human behavior because people are not objects that reliably behave the same way under similar circumstances. So when you read an economist about markets or an engineer about risk management, you're missing a lot of the story. In the end, technical analysis is fascinating because how and why humans behave is an enduring mystery.
We sometimes think patterns like a double top or a triangle are old-fashioned and not useful, but Bulkowksi not only demonstrates but provesotherwise. He set the standard for how technical analysis should be presented—with hard facts about how a pattern is identified, how well it works on specific securities over time, its gain/loss ratio, and other data. And he provides updates on his website. Bulkowski has also done simillar work on swing trading and candlesticks. I like Bulkowski’s work because he uses the scientific approach of forming a hypothesis, testing and re-testing it, and honestly reporting whether a hypothesis is valid (or to what extent it can be trusted).
The market's bestselling and most comprehensive reference on chart patterns, backed by statistics and decades of experience
When the smart money trades the securities markets, they leave behind financial footprints. Combine enough footprints together and you have a trail to follow. That trail becomes what's called a chart pattern. Encyclopedia of Chart Patterns, Third Edition expands upon Bulkowski's immensely popular Second Edition with fully revised and updated material on chart patterns. Whether you're new to the stock market or an experienced professional trader, use this book as a reference guide to give you an edge.
Economics isn't really a good starting point for financial market analysis for the simple reason that its models are wildly inaccurate. As behaviorial economists like Daniel Kahneman have been showing, irrationality and the inability to measure risk properly are a very big component of the investment and trading decisions. But statistical risk management is also sloppy when applied to human behavior because people are not objects that reliably behave the same way under similar circumstances. So when you read an economist about markets or an engineer about risk management, you're missing a lot of the story. In the end, technical analysis is fascinating because how and why humans behave is an enduring mystery.
You may have noticed that hardly anyone uses simple lines on a chart anymore—everyone uses candlesticks. When I was revising my own book, the technical advisor recommended just deleting the part about different types of standard bars and presenting only candlesticks. What’s so likable about Bigalow’s work is his total clarity, in the book and also on his website. He identifies the candles you need the most, shows you what they look like, applies them in real cases, and tells you the outcomes. Not only are the charts as clear as can be, so is his prose.
The updated edition to one of the most popular books on technical analysis Japanese candlestick charting and analysis is one of the most profitable yet underutilized ways to trade the market. Signals created by this unique method of technical analysis-represented in the form of graphic "candlestick" formations-identify the immediate direction and effects of investor sentiment through price movements, allowing traders to profit by spotting trend reversals before other investors. This updated version of Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits makes learning the method fast and easy by introducing specific patterns, as well as the psychology behind them.…
Economics isn't really a good starting point for financial market analysis for the simple reason that its models are wildly inaccurate. As behaviorial economists like Daniel Kahneman have been showing, irrationality and the inability to measure risk properly are a very big component of the investment and trading decisions. But statistical risk management is also sloppy when applied to human behavior because people are not objects that reliably behave the same way under similar circumstances. So when you read an economist about markets or an engineer about risk management, you're missing a lot of the story. In the end, technical analysis is fascinating because how and why humans behave is an enduring mystery.
This book is a classic and the best of the many books written by traders describing trading situations and what they did to conquer the market. Sperandeo delivers concise, specific definitions of how he defines and uses trends with some of the clearest charts you will ever see. I find myself going back to some of the same pages over the years in which he discusses how to tell if a trend is undergoing a correction or is an authentic reversal.
Trader Vic -- Methods of a Wall Street Master Investment strategies from the man Barron's calls "The Ultimate Wall Street Pro" "Victor Sperandeo is gifted with one of the finest minds I know. No wonder he's compiled such an amazing record of success as a money manager. Every investor can benefit from the wisdom he offers in his new book. Don't miss it!" --Paul Tudor Jones Tudor Investment Corporation "Here's a simple review in three steps: 1. Buy this book! 2. Read this book! 3. See step 2. For those who can't take a hint, Victor Sperandeo with T. Sullivan…
Growing up in a strait-laced Southern family, I was always fascinated with casinos. In my twenties on a summer hiatus from teaching in North Carolina, I drove to California and became a dealer at Caesars in Lake Tahoe. My mother highly disapproved of my working in a casino, "a place so bad it has 'sin' in the middle." Eventually, I returned east to take a hi-tech job in Boston. I also began working on my MFA in writing at Emerson. My characters were breathed into life from my years in the gambling industry. You learn a lot about the human personality when you watch thousands of people from behind the felt of a blackjack table.
How does a girl go from working in a Thai restaurant to running a sports gambling operation in Costa Rica? All roads lead through Las Vegas, where Beth meets Dink a math genius. Sports bettors love to hang out in casinos it’s like a contact high. He hires her and she trains in the Vegas casinos. She not only becomes enthralled with the eccentric Dink and the colorful cast of characters that surround him but she shares their stories with you. It was the early days of Internet gambling, a free for all or so they thought. It is great to view the industry through the observant eyes of Beth whose colorful descriptions bring the characters to life.
“Beth Raymer’s crackling, hilarious memoir ricochets through the gambling underworld in Las Vegas, and is peopled with all manner of lovable wack-jobs, none of whom is quite as wacky—or lovable—as Raymer herself.”—Marie Claire
Beth Raymer waited tables at a dive in Las Vegas until a customer sent her to see Dink, of Dink Inc., one of the town’s biggest professional sports gamblers. Dink needed a right-hand man—someone who would show up on time, who had a head for numbers, and who didn’t steal. Beth got the job.
Lay the Favorite is the story of Beth’s years in the high-stakes, high-anxiety…
Early in my career, I attended a writer’s conference in southern Louisiana. During a discussion of the best-selling Louisiana-based novels of Vermont-born author Francis Parkinson Keyes, a local historian said with great ire, “That woman came down here and picked our brains for her books!” As a follower of my state’s incredible past, I immediately saw the attraction. Since then, I’ve written more than 65 historical and contemporary novels, most set in New Orleans and broader Louisiana. Hours have been spent at the famed Historic New Orleans Collection, talking to people and walking the streets of the French Quarter—and, of course, collecting a library of famous Louisiana histories.
It was in Asbury’s social history of the French Quarter that I first read about the deadly yet intriguing fencing masters of old New Orleans that swagger through my own series.
I was also fascinated by the richly painted French and Spanish culture from the colonial period, the daily life among the French Creole elite in the city, the unique courting and marriage customs, male and female amusements, education, religious observances, and much more.
In addition, the book is famous, or infamous, for its gritty details of the city's underworld at that time, from cutthroat barrel houses and gambling dens to the names of famous madams and the locations of their brothels in the red-light district known as Storyville.
Home to the notorious "Blue Book," which listed the names and addresses of every prostitute living in the city, New Orleans's infamous red-light district gained a reputation as one of the most raucous in the world. But the New Orleans underworld consisted of much more than the local bordellos. It was also well known as the early gambling capital of the United States, and sported one of the most violent records of street crime in the country. In The French Quarter, Herbert Asbury, author of The Gangs of New York, chronicles this rather immense underbelly of "The Big Easy." From…
I’ve been playing card games since childhood, and have had a parallel interest in the mathematics behind the games for nearly as long. While I didn’t visit Las Vegas in person until 2000, the stories of how that city was built around the gaming industry quickly came to fascinate me. Digging into the details of the people who have made that city what it is and have come to make their way in the desert has been a fascinating sidelight that has enhanced my recent work writing books on gambling mathematics.
Many people, including Bill Bennett from Forgotten Man, played big parts in the building, opening, and subsequent operation of the Luxor Casino in Las Vegas. They tell their stories in Super Casino.
I am a big fan of logistics in general, and found the details of what goes into the Las Vegas casino industry in the 1990s (just before I started visiting Las Vegas and writing about gambling mathematics) to be a fascinating look behind the scenes.
Las Vegas was a mob town built on restlessness and hunger, on glitter, greed, and the firm belief that anyone can get lucky once. But in the last decade Las Vegas has had its own change of fortune, transforming itself from a gambler's fun house to one of the country's top family vacation spots. Now Pete Earley--the investigative journalist and award-winning author who stormed Leavenworth in The Hot House--takes us inside today's colossal theme casinos, in a fascinating look at the life, death, and fantastic rebirth of the Las Vegas Strip.
I’ve been playing card games since childhood, and have had a parallel interest in the mathematics behind the games for nearly as long. While I didn’t visit Las Vegas in person until 2000, the stories of how that city was built around the gaming industry quickly came to fascinate me. Digging into the details of the people who have made that city what it is and have come to make their way in the desert has been a fascinating sidelight that has enhanced my recent work writing books on gambling mathematics.
Grandissimo is a biography of Jay Sarno, the entrepreneur who built Caesars Palace and Circus Circus on the Las Vegas Strip and then lost his empire.
It is fascinating to see read about how Caesars Palace started with humble beginnings before rising to its current prominent place of the Strip. The book’s title is taken from Sarno’s last great obsession: a new Las Vegas mega-resort that was never built, and the story of how that project never happened is just as interesting as the tales of how the other casino resorts succeeded.
Jay Sarno built two path-breaking Las Vegas casinos, Caesars Palace (1966) and Circus Circus (1968), and planned but did not build a third, the Grandissimo, which would have started the mega-resort era a decade before Steve Wynn built The Mirage. As mobsters and accountants battled for the soul of the last American frontier town, Las Vegas had endless possibilities—if you didn’t mind high stakes and stiff odds. Sarno invented the modern Las Vegas casino, but he was part of a dying breed—a back-pocket entrepreneur who’d parlayed a jones for action and a few Teamster loans into a life as a…
Growing up in a strait-laced Southern family, I was always fascinated with casinos. In my twenties on a summer hiatus from teaching in North Carolina, I drove to California and became a dealer at Caesars in Lake Tahoe. My mother highly disapproved of my working in a casino, "a place so bad it has 'sin' in the middle." Eventually, I returned east to take a hi-tech job in Boston. I also began working on my MFA in writing at Emerson. My characters were breathed into life from my years in the gambling industry. You learn a lot about the human personality when you watch thousands of people from behind the felt of a blackjack table.
Standing behind the table, blackjack dealers are always on the lookout for card counters, find one and they are booted out. Can a team from M.I.T. really break the casino? Card counting is all in the math and as he and his fellow team members hit Vegas they learn how to bet on the count. I think this book really shines when he goes behind the scenes to explore the deceptions the team went through to try to deceive the casino. Well, they can for a while and it’s fun to follow them on their rise and fall.
The #1 national bestseller, now a major motion picture, 21—the amazing inside story about a gambling ring of M.I.T. students who beat the system in Vegas—and lived to tell how.
Robin Hood meets the Rat Pack when the best and the brightest of M.I.T.’s math students and engineers take up blackjack under the guidance of an eccentric mastermind. Their small blackjack club develops from an experiment in counting cards on M.I.T.’s campus into a ring of card savants with a system for playing large and winning big. In less than two years they take some of the world’s most sophisticated…
I have been studying Celtic myth and history since I was in college and took a class on Arthurian literature. Drawing heavily from Irish and Welsh lore to build my “land beyond the veil” known as the Five Quarters, I have always been intrigued by the Celtic view of the land of the dead as a distinct world to which we go and then return, like two sides of the mirrored surface of a well. I hope you enjoy these mythic fantasy books as much as I did!
As I read this book, it made me think of American Gods. The presence of god-like forces of good and evil interfering with human lives is the basis for all mythic stories, and I love the wit and humor with which Powers delivers this tale.
The story references myth directly, and the random chance so loved by the gods is a driving force behind this novel of redemption and crazy, universal connections.
Twenty years ago Scott Crane abandoned his career as a professional poker player and went into hiding, after a weird high-stakes game played with Tarot cards. But now the cards - and the supernatural powers behind them - have found him again.
Crane's father killed gangster Bugsy Siegel in 1948 to become the Fisher King, and to keep that power he is determined to kill his son. Now Scott Crane must cross the Mojave Desert to his father's Perilous Chapel in Las Vegas, and take up the cards again for one last poker duel. And the stakes are the highest…
