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Rating: Summary: Good ideas but can you trust the author? Review: Barnes does have some interesting ideas, but if you have Tradestation or similar, test everything! I found one system badly fudged -- it looks good only if you use the exact data used in the test. Go earlier or later and the system looks pretty bad. I am suspicious and in any case if you have to go over everything in a book to verify it, it's too much work.
Rating: Summary: Good ideas but can you trust the author? Review: The previous review gave this book one star and used as a reason the mistaken statement that the author's win/loss ratio on simulated silver contracts was 46/54. For those of you who KNOW what these numbers mean (active traders, most likely) you know that this means 46 OUT OF 54 trades were profitable. In my book this turns out to be 85%. Try doing THAT with a coin-flip. In my opinion Robert M. Barnes is one of the most insightful traders/authors in the business. His systems, analysis and technical know-how are matched by very few. This is yet another very succinct, well-written, and technically informed book by the author. Anyone interested in serious short-term, high-profit trading would do well to have this manual in their arsenal.
Rating: Summary: Reader from New Jersey Mistaken....Badly Review: The previous review gave this book one star and used as a reason the mistaken statement that the author's win/loss ratio on simulated silver contracts was 46/54. For those of you who KNOW what these numbers mean (active traders, most likely) you know that this means 46 OUT OF 54 trades were profitable. In my book this turns out to be 85%. Try doing THAT with a coin-flip. In my opinion Robert M. Barnes is one of the most insightful traders/authors in the business. His systems, analysis and technical know-how are matched by very few. This is yet another very succinct, well-written, and technically informed book by the author. Anyone interested in serious short-term, high-profit trading would do well to have this manual in their arsenal.
Rating: Summary: HAS NOT BEEN FOUND TO BE USEFUL TO MY TRADING Review: This book is totally designed for very short term traders using computerized techniques. However, a novice might hear that market are choppy 85% of the time and trending only for the other 15% and think that this book can be helpful, but it not be helpful to you based on that kind of thinking. To see if this book suits your style of trading, you should check the reviews done by other traders whose situation maybe similar to yours.
Rating: Summary: HAS NOT BEEN FOUND TO BE USEFUL TO MY TRADING Review: This book is totally designed for very short term traders using computerized techniques. However, a novice might hear that market are choppy 85% of the time and trending only for the other 15% and think that this book can be helpful, but it not be helpful to you based on that kind of thinking. To see if this book suits your style of trading, you should check the reviews done by other traders whose situation maybe similar to yours.
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