The Taylor Trading Technique

Rating:
Summary: This book is no good
Review: 50% accuracy is not as bad as the former reviewer suggest, provided you win 3 times the amount you loose. even a 2 to 1 winning record would make a 0,5 dollar net profit on every dollar risked in the long run.

So if you combine this technique with a good money management system such as optimal f ( The Mathematics of Money Managment by Ralph Vince) it could make you a billionaire.

So the question is: how much expectancy does this system produce?,

The answer is not so straightforward. Backtesting and stop loss optimizing might be necessary to answer this.

Francisco

Rating:
Summary: I can't recommend
Review: I can't recommend this book in general because most won't get it. But for the trader who has been around 5 or 6 years and is still struggling you might have the experience and depth to recognize "The Taylor Trading Technique" as one of the best method books available. Reading this book is difficult so great effort needs to be put forward.

On a side note as advised in the publishers comments I read Raschke's and Angell's section first and this almost stopped me from putting in the effort to try to comprehend the actual technique.

Rating:
Summary: NOT OF MUCH USE
Review: The classical technique taught here is recorded as being accurate about 50% of the time. I certaibly do not risk hard cash on anything that is only right half the time and wrong half the time! Also the material is a bit troublesome to understand.

However, the same technique is better explained in a section taken from "Winning In The Futures Market" by George Angell. So maybe you can simply purchase Mr. Angell's book instead and get the same material and much more!

Rating:
Summary: This book is no good
Review: This book contains only one chapter that makes sense. Everything else is outdated system that was popular when charts were not available.
If you want to learn more about trading read Toby Crabel's articles or some John Ross.

Rating:
Summary: Obselete
Review: Written originally in 1950 and meant to trade grains , this would be mostly useless to today's markets in my opinion. It is a classic and may have had some value over the years , but I think one would be better served to try other techniques and read this just as a curiosity.