Part One of the book divides chart formations into two categories -- Reversal and Consolidation. The second part of the book addresses the question of trading tactics. Clear advice is given on how to set stops, how to use trendlines and support and resistance for trading decisions, and what action to take when you spot a pattern.

If you want to recognize chart patterns and their nuances, then this is the book to read and reread. As you grow, so does it.

Nison loves his subject and shares it very generously with his readers. After explaining how to construct candles, he covers how candles help the trader spot reversals. As such, his teaching is vital for swing trading success.

The book discusses some of the most important candles first: hammer/hangman, bullish and bearish engulfing, dark-cloud cover and piercing. The second part of the book then shows the reader how to use candles in conjunction with Western technical analysis tools such as support and resistance, moving averages, oscillators and volume.

All together, Nison's book names and describes approximately 65 separate candle patterns. The ability to accurately name these patterns and to assess their implications can make the difference between a winning and losing trade. Of the candle literature I've studied, Nison presents these patterns and their implications most lucidly.

While Weinstein's system is oriented toward longer-term traders, it makes an excellent starting point in analyzing any stock in any time frame. It can also be adapted to a swing trading perspective.

For all the concepts that Elder discusses, he also provides specific trading rules. That makes this text a treasure trove of practical stock market wisdom and one well worth studying.

Applying Elliott Wave Theory Profitably
Steven Poser

StreetAuthority is pleased to announce the release of editor Steven Poser's new book! In Applying Elliott Wave Theory Profitably, Steven shows readers how to trade using Elliott Wave Theory -- a powerful technical analysis tool used to forecast the stock market. He does so by providing easy-to-follow trading strategies, as well as by offering clear explanations on how to interpret this method's numerous patterns. This step-by-step guide breaks down the Elliott Wave Theory and provides strategies that a trader can put into action along with a complete explanation of how and why the Elliott Wave Theory works.

Bruce Kamich, a longtime technical analyst and commodity trader, has written one of the best introductory books on technical analysis that I've seen. Unlike most others in this category, it provides practical trading advice, yet is also still educational. Bruce even goes so far as to use less-than-perfect examples of the classic technical patterns in his explanations instead of seeking out perfect examples, which almost never happen in real life anyway.

A great book that has chapters from many of the top technical analysts and traders in the business. The book also includes a chapter on Elliott Wave written by Steven Poser.

This is the updated version of the classic, Technical Analysis of the Futures Market, by John Murphy. It is one of the most easy to read and comprehensive guides to technical analysis.

The Disciplined Trader by Mark Douglas is probably the single best book on trading psychology out there. Although it does not at all focus on technical analysis, it shows you how to teach yourself to listen to the market, which is what technical analysis is all about.

A true classic. This book describes the great manias of history. Written in the 1800s, it is still applicable today. Anybody that wishes to understand how and why markets move MUST read this book!

From the first person to bring Japanese Candlesticks to America, Steve Nison teaches you how to use Candlesticks by combining them with traditional Western technical analysis techniques. A must for any true technician's library.