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Mastering the Trade
I think this book was very helpful, it covered different plans, setups, it stresses good money and risk management techniques. I found there could be something of use either from a novice to an experienced person point of view. John Carter puts down some nice example views, and explains them very well, also includes web-sites to see or use. In all I would definitely recommend this book.
No Quality
First of all, i should point out that no one should expect someone to release "proven techniques for profiting" about the markets. The title is just for marketing purposes, and none of the trading methodologies in the book are by no means consistently profitable techniques. However, some chapters can be valuable for beginners.
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br /Conclusion: Low value.
ONE OF BETTER TRADER BOOKS, BUT ...
THE TRADING BOOKS I HAVE SEEN ARE MOSTLY GARBAGE.
br /THIS ONE IS A CUT ABOVE THOSE.
br /BUT, AFTER READING THE CHAPTER ON GAPS,
br /(HE FADES BOTH THE UP AND DOWN) I GOT BUSY WRITING
br /A PROGRAM TO TEST IT. DOESN'T WORK.
br /JUST FROM THE OPEN TO THE CLOSE GAP UPS TEND
br /TO GO A BIT FURTHER AND THE SAME FOR GAP DOWNS.
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An interesting way of presentation
The author has an interesting way of presenting the material in that each chapter deals with how to trade a specific setup. Each chapter discusses a specific play including: trading the gaps, pivot points in trending markets, fading the opening tick, scalping, swing plays, end of day plays etc.
br /This allows a more in depth discussion of how to handle each trade situation..
br /Most other books usually have a technical analysis chapter that focuses on technical indicators and/or chart patterns but does not go into depth on how to trade each specific trade setup.
br /One of the few reservations I have is that the author mentions his website and tries to sell his indicators too hard which is somewhat of a turnoff.
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SALESPITCH SALESPITCH SALESPITCH
THIS BOOK IS YOUR AVERAGE SALES PITCH BOOK. EVERY CHAPTER HE EXPLAINS HE HAS SYSTMES AVAILABLE AT HIS WEBSITE WHICH HE MENTIONS ABOUT A BILLION TIMES. [...] I DONT RECOMMEND ALL THE STRATEGIES HE EXPLAINS ARE CUSTOM TAILORED TO HIS SYSTEMS AND THE FUTURES MARKET
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