Rating: 
Summary: Good ideas but difficult to read
Review: Pros - The ideas in this book are great. It really helps beginning traders focus on the right things. Too many traders focus on all the wrong things because not many books stress the significance of time, cross verification, and S&R. They focus on outdated chart patterns that usually fail. This book focuses on practical setups that are reliable and helps mold a winning trading mentality which is the most important of all.
Cons - This book has very little structure. Each section seems to be nothing more than a list of random trading facts written in paragraph form that have little to do with the title of the section. This is not a book you can expect to easily highlight and flip though. It takes time to absorb but I can assure you it will be time well spent.
Suggestions - If you don't have much technical knowledge, start off with John Murphys "Technical Analysis of the Financial Markets". Its a great introductory text. After you have a basic knowledge of Technical Analysis, take you time and read Farley's book.
Rating:
Summary: A good book beyond the apprehension of the mass
Review: Seldom on Amazon a popular book (with 187 reviews utd) carries so extreme comment as this. I fully understand so because I did have negative feeling of it, which only improved gradually from page to page. In the beginning, the book really seems so complicated, full of jargons, candlestick charts elaborating on chart patterns with little reference to oscillator indicators like MACD, Stochastics, which I personally believe the alignment of several of them to be a prerequisite for any profitable trade. In the end, I realized that if I didnt put so much emphasis on the words "Swing Trading" and its virtual difference with "Momentum Trading" which the author criticized much, this book is not so bad when considered to be a general trading book with above average practical advice. Amongst others, I found the following so called 7 Bells, tools to locate outstanding opportunities most interesting. 1. Dip Trip - Price that moves against a strong trend will rebound sharply
2. Coiled Spring - Constricted price gives way to directional movement
3. Finger Finder - Candles flag reversals in the next smaller time frame.
4. Hole in the wall - Gap downs after strong rallies signal a trend change
5. Power Spike - High volume events print the future diretion of price (Big volume kills a trend)
6. Bear Hug - Weak markets drop quickly after rallying into resistance
7. 3rd Watch - Breakouts through triple tops signal major uptrends In a word, this book is quite a helpful tool of reference amidst the competitive life of trading which regular glance of its graphs do help much to refresh one's mind. Complex, time consuming but well worths the price.
Rating: 
Summary: Frustrating !!
Review: This book is sadly disappointing. There are some good ideas that you can gleen from this text but overall I would save the money and avoid it for other more professionally written books (ie. Schwager stuff). Reading this tome is akin to wading through a quagmire of well meaning but ill structured ideas and concepts. I kept thinking that Farley is writing in a schizophrenic, stream-of-conciseness style as the text wandered aimlessly. Randomly, good ideas would jump disjointedly from the droning text and I would highlight them but in the end though, it was a chore to finish, and a book not enjoyed is hard to follow and retain. Sorry Farley.
Rating:
Summary: Didn't even Finish the Book
Review: This book was too abstract for a trading book and didn't have much substance. There really isn't much you can use in this book to actually make trades with. Farley is basically a legend in his own mind I think. If you want a good book that has a lot of substance and will actually teach you how to trade, get 'how to profit in bull and bear markets' by stan weinstein, I consistantly make money from the techniques and ideas in that book. Take care, Bob.
Rating: 
Summary: No substance, Very wordy
Review: VERY difficult to understand, the charts in this book look like tangled spaghetti, the wording is long and makes little sense. I returned the book 5 days after i bought it. The techniques in this book are useless if you can understand them. I am not new to trading books and have read my share but this has to be one of the worst. Don`t waste your time or money on the book.
Rating:
Summary: Very Poorily Written
Review: Very hard to follow and decipher. Information provided was not organized and sounded like gobbledegook. The author makes no attempt whatsoever to report proof but just shows his one example. Don't waste your time.
Rating: 
Summary: Getting The Facts Straight
Review: Wow, this is a very good book. I don't understand why anyone would attack the language or the approach. If you want to read a comic book, head over to the grocery store. They have quite a lot of them. The language and terminology used by the author adds greatly to the comprehension of the material. And there is an EXCELLENT glossary in the back of the book. I've also noticed that his terms are not grabbed out of "thin air". Most of these concepts originated in excellent studies on the futures markets done over the past 20 years. For example, "negative vs positive feedback" comes from research done by Raschke and others in the early 1990s. Farley just does a much better job explaining the complex ideas to the average trader, and telling them how to take swing trading positions based on their power. This book is very original and not part of the cookie cutter garbage that passed for a "trading book" before the bear market started. It's SO appropriate that MST showed up just as tougher days hit the stock market. Farley's book offers a very effective way to deal with these choppy markets. And he does a fabulous job getting the message across. Reading the book does not take an advanced college degree. But it does require a commitment by the reader and a willingness to learn something new. Highly recommended!
| 
