Something to read

Trading With The Odds: Using the Power of Probability to Profit in the Futures Market
by Cynthia A. Kase

Every trader will appreciate this reliable, realistic, and systematic approach to trading financial and commodity markets. In a step-by-step manner, the author applies a rigorous mathematical discipline to finanical speculation and explain how to analyze markets, forecast price movements, develop trading strategies, and manage trading capital. Kase also unveils several highly sophisticated indicators that are far more precise than conventional technical indicators. Unlike most books on trading, Trading with the Odds contains complete coverage of money management, including the author's own ``Kase Dev-Stop,'' a highly calibrated money management tool. Trading with the Odds also includes: Uses and abuses of conventional technical analysis; New technical indicators for analyzing markets and entering trades.

20 books everyone should read in their 30s

These classic books are worth reading at any age, but the more life experience you have, the more fulfilling you'll find them.
From New York Times bestsellers to cult classics, to stories with motivating life lessons, here are 20 books that everyone should read in their 30s, in no particular order.

Autopilot: The Art and Science of Doing Nothing
MP3 CD – Audiobook, MP3 Audio, Unabridged
by Andrew Smart (Author),‎ Kevin Free (Reader)

Andrew Smart wants you to sit and do nothing much more often—and he has the science to explain why.

At every turn we're pushed to do more, faster, and more efficiently: That drumbeat resounds throughout our wage-slave society. Multitasking is not only a virtue, it's a necessity. Books such as Getting Things Done, The One Minute Manager, and The 7 Habits of Highly Effective People regularly top the best seller lists, and have spawned a considerable industry.

But Andrew Smart argues that slackers may have the last laugh. The latest neuroscience shows that the "culture of effectiveness" is not only ineffective, it can be harmful to your well-being. He makes a compelling case—backed by science—that filling life with activity at work and at home actually hurts your brain.

Dynamic Trading Indicators: Winning with Value Charts and Price Action Profile
by Mark Helweg (Author),‎ David Stendahl (Author)

Using the insights that stem from value charts and price action profiles, Dynamic Trading Indicators shows traders how to develop systems and whole trading programs that implement these exciting new tools. Through an in-depth exploration of how to effectively use these new technical indicators in a complete trading system, Dynamic Trading Indicators provides a framework that allows readers to obtain a view of what a stock will most likely do next. This innovation in chart design opens up new vistas for traders and unlocks the door to unlimited profits.

New technology and the advent of around the clock trading have opened the floodgates to both foreign and domestic markets. Traders need the wisdom of industry veterans and the vision of innovators in today's volatile financial marketplace. The Wiley Trading series features books by traders who have survived the market's ever changing temperament and have prospered-some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future.

First-Class Catastrophe, A: The Road to Black Monday, the Worst Day in Wall Street History
by Diana B. Henriques

Monday, October 19, 1987, was by far the worst day in Wall Street history. The market fell 22.6 percent – almost twice as bad as the worst day of 1929 – equal to a one-day loss of nearly 5,000 points today.

Black Monday was more than seven years in the making and threatened nearly every U.S. financial institution. Drawing on superlative archival research and dozens of original interviews Diana B. Henriques weaves a tale of missed opportunities, market delusions, and destructive actions that stretched from the “silver crisis” of 1980 to turf battles in Washington, a poisonous rivalry between the New York Stock Exchange and the Chicago Mercantile Exchange, and the almost-fatal success of two California professors whose idea for reducing market risk spun terribly out of control. As the story hurtles forward, the players struggle to forestall a looming market meltdown and unexpected heroes step in to avert total disaster.

For thirty years, investors, regulators, and bankers have failed to heed the lessons of 1987, even as the same patterns have resurfaced, most spectacularly in the financial crisis of 2008. A First-Class Catastrophe offers a new way of looking not only at the past, but at our financial future as well.

Trades About To Happens : A Modern Adaptation Of The Wyckoff Method

While Richard Wyckoff's search to develop a "trained judgment" for trading began decades ago, his method—which has been modified to account for changes in market conditions, but remains true to his original work—continues to draw great interest from traders around the world.

Author David Weis is a trader and market analyst with nearly forty years of experience in this field. A recognized authority on the trading methods of Richard Wyckoff, he understands how to utilize the principles behind Wyckoff's work and make effective trades with them. And now, with Trades About to Happen, he skillfully reveals how to adapt Wyckoff's techniques to excel in today's volatile markets.

Engaging and accessible, this reliable resource looks at Wyckoff's approach from a more modern perspective and shows how you can logically interpret bar charts and wave charts to find trades about to happen. By studying the chart examples in this book, you'll gain tremendous insight into reading what markets are saying about themselves and develop the ability to locate turning points of different degrees. Page by page, Weis facilitates your learning by:

• Comparing efforts of buying or selling with the reward—volume versus upward or downward progress
• Considering the meaning of the close within the range of a price bar
• Looking for shortening of upward or downward thrust as well as follow-through, or lack of follow- through, after penetrations of support resistance
• Exploring the interaction of price with trend lines, channels, and support/resistance lines—which often highlight the price/volume story
• Watching for tests of high-volume or "vertical" areas where price accelerates upward or downward
• And much more

Along the way, Weis introduces the adaptations he has made to Wyckoff's original tape-reading tools—which are better suited for the enormous volatility of today's stock and futures markets—and can be applied to intraday and daily price movement.

When it comes to Wyckoff analysis, it's easy to forget that the world of chart reading is not black or white, but gray. One has to have an open mind rather than a fixed, pre-conceived ideal. Trades About to Happen will help you achieve this goal as you discover how to develop the feel and intuition of a successful trader and become better equipped at adapting the Wyckoff method to today's dynamic markets.

DiNapoli Levels: The Practical Application of Fibonacci Analysis to Investment Markets

Excellent manual from an experienced trader and exceptional teacher on the practical application of Fibonacci analysis to investment markets. This method is fascinating and often amazingly accurate, and every technical trader should become conversant with its principles. DiNapoli teaches all the basics, as well as his own unique methods of applying Fibonacci to trading in multiple time frames.

I suggest the book J. Piper "The way to trade". Originally published in 1999, it still is the best book about a psychology of trading. This book won't give you a finished list of steps to succeed in trading, because it's impossible. It shows you the way how to create your own way to success on financial markets.



Book on Amazon

Mastering Hurst Cycle Analysis: A modern treatment of Hurst's original system of financial market analysis

In 2011 the work of J. M. Hurst, considered by many as the father of modern cyclic analysis, enjoyed sudden and renewed interest by the trading community. This translated into several works approaching Hurst's methods from three different angles.

Just as stated by the author, it will help readers get a better grasp and understanding of Hurst's work, at a fraction of the the cost of his original private course. It will even provide buyers with the relevant code for Tradestation and Updata. This way, if you're tech savvy and already own one of these charting packages, or don't mind the additional investment needed to use them, you will be able to experiment further with the concepts covered in the book. Since it contains the code for all the different cycles, channels and other indicators, the author spares the reader the math details of Hurst's work, which may be for the best, since this has always been one of the stumbling blocks in applying Hurst's methods.

The self-proclaimed goal of the author is to lead the reader to a stage where he can perform his own cyclic analysis. The bottom line is that how well you master Hurst's methods after reading this book, as with so many other things in life and trading, will depend solely on how much work you're willing to put into experimenting with the concepts.

The book ends with a concise summary of the different theories explaining the causes of cycles, which should stimulate even further research into this fascinating subject.

Mr Grafton mentions the Sentient Trader software, by David Hickson, which covers similar ground. The author of that software has, understandably, undertaken a different approach: there is no code sharing, but instead a sleek black box, which generates trading signals based on Hurst's original work.

There is also the OddsTrader app, by CIT Dates, which is currently the only mobile app that allows users to chart Hurst channels and to use them as the basis for several different trading strategies. It even includes a built-in risk management and position sizing tool.

In summary, if you're interested in cycles and cyclic analysis, there has hardly been a better time for delving into and exploring the subject.

Morgan Library, New York