Review of A Complete Guide to Technical Trading Tactics: How to Profit Using Pivot Points, Candlesticks & Other Indicators (Wiley Trading) (Hardcover)

I agree with a couple of posts that say this is a very basic book, and that most of the information could be found for free on the internet.I would go as far as to say that some information would be better if read on the internet.

The examples about pivots (the key part of the book), one chart after another were not easy to follow.The section on TA was woefully lacking.The author has a section on Gann theory, and more or less advises to go buy the book that Gann wrote.As it turns out, there is some pretty rich information about Gann on the web.

My biggest pet peeve about this book were the continual subliminal references (advertisements) to the author's subscription based website.Besides that, I did not like the blatent plugging of the people who praised his book on the back cover.It's okay for an author to put their website on the back of the book.If the information stands on it's own then I can go to the website to learn more.What's not cool is to give vauge trading strategies, then give some glowing account of how your subscription newsletter called the shots.

I did give the book two stars, which means I wasn't totally dissapointed.He does stress a couple of good points regarding pivots, but it's all pretty basic beginner stuff.



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Review of Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets (Hardcover)

Before you read this book I would highly recommend reading any other with candlestick being the primary subject. "High Profit Candlestick Patterns" or "Profitable Candlestick Investing" - both by Stephen W. Bigalow or one of Steve Nison books. The more you know about candlesticks patterns and emotions behind them the better trading decisions you might be reaching.
Person's book is one of the very few explaining pivot point - very useful tool indeed. Using high closing and low closing doji with pivot point will not make you a perfect trader, but will allow to avoid disasters being to hasty (or too greedy ) in your decisions. Bottom line of any trading is discipline - and this book is trying to teach this showing how to develop and use very simple system.
CD provides nice overview of everything covered in the book plus pivot calculator. If you need one a bit more sophisticated, you can find it on [...].
Trading is about making money. Keeping things simple will make you a better trader and this book will help you in that.



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