PaulCao 51 Report post Posted August 7, 2013 Hi, I think learning a bit about technical analysis might help in option trading by selecting the right strikes in a spread order. But I don't know at all about the various TA styles and indicators (RSI, MACD support and resistance etc.) and there are a lot of them out there and books/websites. Does anyone have a particular book or resource to help a newbie get started? Best, PC Share this post Link to post Share on other sites
Mikael 31 Report post Posted August 7, 2013 (edited) http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve I learned everything about chart reading from that website. it's a very good resource for all things related to charting. it's also free I basically just use those 3 indicators you mentioned. I always have the MACD and RSI on, plus a SMA. Now i have the custom augen study on as well. the Bollinger band is good to use as well. works especially well in conjunction with the Augen study. Edited August 7, 2013 by Mikael Share this post Link to post Share on other sites
Micahjw 3 Report post Posted August 7, 2013 Great source for learning about charts... http://www.thepatternsite.com/visualcpindex.html Also his stuff on trading is excellent Share this post Link to post Share on other sites
Guest Hal Report post Posted August 8, 2013 I can strongly recommend Brian Shannon's book as a primer. He shows why technical analysis is important, constantly relating price action to the psychology of participants. Avoids jargon, explains concepts clearly. http://www.technicalanalysisbook.com/ Share this post Link to post Share on other sites
