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Rating: 
Summary: Excellent Book
Review: I can't beleive the "other review" I just read. I was flabergasted! This book is one of the best of it's type that I have read. I am not the expert and still consider myself a "student", but I've been succesfully trading commodities for over a year and have amassed a small library of books of which this is the best. Contrary to the other review I just read, I found this book to be very easy to read and exceptionally stimulating. Mr. Millard has taken what J.M. Hurst started and developed it to new levels. In this book he has expanded & built upon the principles put forth by J.M. Hurst. He has since built upon this foundation with his own work on the subject of cycle & channel analysis. This book contains a wealth of information which can be utilized right away. Millard shows how to use simple paper & pencil methods and also implimentation of numerical methods which are quite sophisticated. My entire trading methodology has been modified because of this book. To me, Milllards writing is clear, concise, and right to the point. I am not a math wiz and I did have to re-read one section of one chapter a few times for clarity, but this was not difficult once given a little thought, which is well worth the time and effort. Millard goes into a great deal of detail with regard to trading and shorter cycles. He quite clearly demonstrates that shorter duration trades are more profitable, hence, his comments and conclusions are in harmony and agreement with J.M. Hurst and his book "Profit Magic od Stock Transaction Timing" (also a great book). In fact, Millard puts forth a strong and compelling case for his recommended short duration trades of between 50 - 100 days. As far as I can tell, J.M. Hurst's short duration trades were in the range of 36 - 42 days. Both seem to agree completely if you ask me. If you are a fan of cycles you will really like this book. You will find valuable information from a notable British investment writer whos has published many other works (and software) as well. Do search under "Brian Millard" and see for yourself. A great book. By all means - get it. Get J.M. Hurst's book too. They are a great combination! Mark
Rating:
Summary: Excellent Book
Review: I can't beleive the "other review" I just read. I was flabergasted! This book is one of the best of it's type that I have read. I am not the expert and still consider myself a "student", but I've been succesfully trading commodities for over a year and have amassed a small library of books of which this is the best. Contrary to the other review I just read, I found this book to be very easy to read and exceptionally stimulating. Mr. Millard has taken what J.M. Hurst started and developed it to new levels. In this book he has expanded & built upon the principles put forth by J.M. Hurst. He has since built upon this foundation with his own work on the subject of cycle & channel analysis. This book contains a wealth of information which can be utilized right away. Millard shows how to use simple paper & pencil methods and also implimentation of numerical methods which are quite sophisticated. My entire trading methodology has been modified because of this book. To me, Milllards writing is clear, concise, and right to the point. I am not a math wiz and I did have to re-read one section of one chapter a few times for clarity, but this was not difficult once given a little thought, which is well worth the time and effort. Millard goes into a great deal of detail with regard to trading and shorter cycles. He quite clearly demonstrates that shorter duration trades are more profitable, hence, his comments and conclusions are in harmony and agreement with J.M. Hurst and his book "Profit Magic od Stock Transaction Timing" (also a great book). In fact, Millard puts forth a strong and compelling case for his recommended short duration trades of between 50 - 100 days. As far as I can tell, J.M. Hurst's short duration trades were in the range of 36 - 42 days. Both seem to agree completely if you ask me. If you are a fan of cycles you will really like this book. You will find valuable information from a notable British investment writer whos has published many other works (and software) as well. Do search under "Brian Millard" and see for yourself. A great book. By all means - get it. Get J.M. Hurst's book too. They are a great combination! Mark
Rating: 
Summary: Read the original work instead
Review: This "tribute" to J.M. Hurst is a very difficult read at best. He took the work of Hurst and made it very complex and in my opinion useless in real life trading. The publisher says that this book "clarifies" and "updates" Hurst's original book. Hardly. I totally disagree with the author's assertion that the optimal trading period is 50 - 100 days. Hurst's main premise was the shorter the cycle the faster profits would accumulate by rolling into other opportunities as soon as the trade was closed, compounding the gains (pg 24). Hurst's "The Profit Magic of Stock Transaction Timing" is a classic text for anyone interested in cycles or swing trading. Buy that book instead.
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