: Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals
In association with Amazon.comby: David R Aronson
List Price: $95.00
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Amazon.com's Price: $53.87
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Availability: Usually ships in 24 hours
Dewey Decimal Number: 332.632042
Format: Kindle Book
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 544
Publication Date: November 03, 2006
Publisher: Wiley
Sales Rank: 13496
Studio: Wiley
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Editorial Review:
Product Description:
Evidence-Based Technical Analysis examines how you can apply the scientific method, and recently developed statistical tests, to determine the true effectiveness of technical trading signals. Throughout the book, expert David Aronson provides you with comprehensive coverage of this new methodology, which is specifically designed for evaluating the performance of rules/signals that are discovered by data mining.
Average Rating: 

Rating:
- Definitely worth reading, but some significant flaws... I had the opportunity to hear the author discuss his book at a Market Technician event at the Bloomberg building in NYC just over 2 years ago.
Even though I have some disputes regarding his methodologies, reading his work was time well spent.
The first half of the book was heavy on philosophy and psychology, driving home the idea that the "scientific method" (whatever that is), is our only guard against self delusion.
As I am familiar with both philosophy of science, ... Read More
Rating:
- Must read for serious tradersAfter reading some of the reviews of this book on Amazon, I was quite skeptical about the relevance and value of this topic in terms of actual practical trading applications. After all, as a trader who's read hundreds of market books, very few of them have actually contained real educational content with practical alpha generating ideas. Usually, it's the same old hogwash: "when you see this pattern you do this (buy or sell) because these 3 charts I've selectively chosen show you that it works" or "a ... Read More
Rating:
- TA Turned Upside Down - Must Read For All Serious InvestorsProfessor Aronson has produced the next generation of Technical Analysis guide that debunks much of what everyone has known but has never wanted to admit. Written in a concise and clear manner without Greek notation and mathematical proofs it is the working technicians guide that will bring solid scientific analysis to a "sorcery" based following. The book starts with philosophical and psychological explanations that lead to a solid non-mathematical framework of scientific reason for technical analysis. ... Read More
Rating:
- TA as a scientific endeavor, it's about time!!EBTA is a great book for any technical analysis (TA) based trading system developer. This book attempts to put technical analysis on a more rigorous scientific footing that will allow it to flourish as an empirical science.
As I see it, this book makes two main points:
1) Traditional TA techniques are often defined so vaguely that they are properly classified as pseudoscience. Pseudoscience is characterized by claims that are so vague, they cannot be falsified. When a TA claim ... Read More
Rating:
- An island of clarity in a sea of pseudo-science.A well done treatise on the application of the scientific method to the field of TA. Highly recommended unless you would rather believe in fairy-tales ;)
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