Rating: Summary: It works in any time frame and in any market! Review: I was so excited about John Crane's technique after reading his article in Stocks & Commodities only a few weeks ago. I had actually passed up reading the article when the S&C issue came back in February, and recently when that issue was laying around still, I went to put it away, and I happened to quickly leaf through it and came on to one of your charts, and I decided I should read the article after all... boy am I glad I did. I didn't think I'd be interested in it earlier on since I don't consider myself a "swing" trader, because I am a daytrader and don't hold overnight, but after reading the article I realized immediately this wonderful technique is so simple and is readily and easily applicable on any timeframe and in any market. I have since purchased the book and find it to be an excellent presentation and I've learned so much from it!The technique basically suggests that a an inverted (or reverse, as you might like to call it based on your terminology) mirror image foldback will play out beginning at the center of the reaction swing/reaction cycle, and will complete when the inverted mirror image foldback has folded back (i.e. traced out in foldback fashion) to the beginning of the swing, what you usually call point A or point X in your charts. Because your technique is great at pinpointing the center of the reaction cycle, at least with some reliability, the technique confirms the validity of the inverted mirror image foldback and just as importantly, where it should begin and end. Before learning of this technique I was always second guessing when a fold back would start, whether it would be a regular or inverted, and when it would end, and if it would flip at some point in between. Now, with the technique taught in Advance Swing Trading, I don't need to guess much anymore, and to a certain extent I don't even need to think of the pricing play out any longer as a foldback or not, if I don't want to. I just need to identify the reaction swing &/or center of the cycle for the trend that is developing and then, as taught in the book, just do the counts back and forward and apply the reaction lines (and Gann fans &/or fib retrace buy-sell windows as you call them). I'm so glad I've come upon this material as it has brought together for me many years of frustrating results using other technical analysis methods. I've been referring Advanced Swing Trading to other trader friends too...
Rating: Summary: It works in any time frame and in any market! Review: I was so excited about John Crane's technique after reading his article in Stocks & Commodities only a few weeks ago. I had actually passed up reading the article when the S&C issue came back in February, and recently when that issue was laying around still, I went to put it away, and I happened to quickly leaf through it and came on to one of your charts, and I decided I should read the article after all... boy am I glad I did. I didn't think I'd be interested in it earlier on since I don't consider myself a "swing" trader, because I am a daytrader and don't hold overnight, but after reading the article I realized immediately this wonderful technique is so simple and is readily and easily applicable on any timeframe and in any market. I have since purchased the book and find it to be an excellent presentation and I've learned so much from it! The technique basically suggests that a an inverted (or reverse, as you might like to call it based on your terminology) mirror image foldback will play out beginning at the center of the reaction swing/reaction cycle, and will complete when the inverted mirror image foldback has folded back (i.e. traced out in foldback fashion) to the beginning of the swing, what you usually call point A or point X in your charts. Because your technique is great at pinpointing the center of the reaction cycle, at least with some reliability, the technique confirms the validity of the inverted mirror image foldback and just as importantly, where it should begin and end. Before learning of this technique I was always second guessing when a fold back would start, whether it would be a regular or inverted, and when it would end, and if it would flip at some point in between. Now, with the technique taught in Advance Swing Trading, I don't need to guess much anymore, and to a certain extent I don't even need to think of the pricing play out any longer as a foldback or not, if I don't want to. I just need to identify the reaction swing &/or center of the cycle for the trend that is developing and then, as taught in the book, just do the counts back and forward and apply the reaction lines (and Gann fans &/or fib retrace buy-sell windows as you call them). I'm so glad I've come upon this material as it has brought together for me many years of frustrating results using other technical analysis methods. I've been referring Advanced Swing Trading to other trader friends too...
Rating: Summary: A "where the rubber meets the road " book! Review: I would like compliment Mr. Crane on the clarity with which he explains the "Action/Reactiion" phenomena in commodities and stocks. I have found this book to be most illuminating and it has greatly improved my understanding of the manner in which one should identify segments of a market move. I have studied the Delta system and learned from Joe DiNapoli and both are extremely good, but I can honestly say neither gives me the confidence and or the trigger points as well as this method. I find his unique method of combining Time, Price and Pattern can strengthen the predictability of future market moves. In my opinion this is probably the single best trading book I have ever read on technical analysis. It's a real "where the rubber meets the road" type book that I think most traders will find credible.
Rating: Summary: A "where the rubber meets the road " book! Review: I would like compliment Mr. Crane on the clarity with which he explains the "Action/Reactiion" phenomena in commodities and stocks. I have found this book to be most illuminating and it has greatly improved my understanding of the manner in which one should identify segments of a market move. I have studied the Delta system and learned from Joe DiNapoli and both are extremely good, but I can honestly say neither gives me the confidence and or the trigger points as well as this method. I find his unique method of combining Time, Price and Pattern can strengthen the predictability of future market moves. In my opinion this is probably the single best trading book I have ever read on technical analysis. It's a real "where the rubber meets the road" type book that I think most traders will find credible.
Rating: Summary: a good idea but not a good system, needs more improving Review: It can't be a good trading system since market can't be predicted precisely. How can you define a swing or a hard mid term drawdown? or even to know the trend is over. No body knows. Nevertheless, he offers a very good idea to help trader how to predicate the market behavior. It is still worthy to study, but can't work as a trading system. It's too rigid to trade with this system.
Rating: Summary: I really hope that trading can be that so simple, but..... Review: it's definitely not. The author had devoted over three quarters of his 200 page book to tell: 1. you can accurately trade the tops and bottoms on either a reaction or reversal 2. that some entry points can be located by counting the number of days of a previous move. The rest of the book is stuff that one can find in those better T.A. books, including divergence between stochastics vs price, trail day, Gann fan.... The problem with this book, besides the overly simple picture about swing trading which the author depicted, is that even the supposedly well selected graphic samples could not demonstrate how readers can apply and profit from what the author preached, as different people will have very different opinion on where to draw the action and reaction lines, making the tool practically useless. In short, a waste of time and money. Dont buy this book. The five star ratings from readers anonymous and even a "Crane", are purely promotional. Just read them and you may earn some laughs.
Rating: Summary: An interesting twist on fibo expansions or "measured moves" Review: Mr Crane's book is well written and practical. If you enjoy charting you'll like just practicing with the Andrew's pitchfork and reaction lines. However, the main faults with the methods he mentioned are that the rules are too rigid to be accurate the majority of times, and the prospective use of the methods is quite a bit harder than the retrospective use.
The author mentions in his intro that he stumbled on a "repetitive, predictable pattern" that was the basis for his method. I believe that this was basically the "measured move," or the 100% extension of A-B-C swings. His charting technique with Andrew's pitchfork tries to predict this, but it is excessively complicated and only accounts for 100% measured moves. In my opinion, a fibo extension tool is far easier to use and allows traders to see the 61% and the 161% extensions as well as the 100%, which are just as useful. The time element of counting days, I think, is even more unreliable in practice. But, then again some measured moves are symmetric in time and price, so occasionally they work.
Bottom line, an interesting book, but not one that will likely have a very high predictive value.
Rating: Summary: Excellent book for all traders! Review: Something I read, in the first part of this boo, really made me think. Mr. Crane said "If 80% of traders lose money, I don't want to look at the markets in the same way they do." All these years I have been studying and using the same indicators as everyone else, but I never really understood the market behavior...until I read Advanced Swing Trading. I found Elliott Wave to be confusing and Gann too subjective. While techincal indicators served me well, I was always entering the market late and exiting early. "Advanced Swing Trading" opened my eyes to a whole new understanding of how to trade the market. John Crane's method of projecting Time and Price, is precise and very easy to understand. And then he adds the confirming patterns to tie it all together. While I am primarly a short-term trader, I was amazed by the accuracy of the long-term projections as well. I have been trying to master the art of swing trading for the past two years and have had marginal success...until now. Since I learned to use John Crane's Reaction swing technique, the results have been stunning. I highly recommend this book to any trader, whether you look for long-term moves or short-term swing trades, this book has it all!
Rating: Summary: Very Informative - add it to you library! Review: Swing trading, a powerful technical approach for profiting from shorter-term price moves (several days to a couple of months) - is sweeping the trading world. And once you've mastered the basics, you're ready to tackle the innovative and accurate swing trading system outlined in John Crane's, Advanced Swing Trading: Strategies to Predict, Identify, and Trade Future Market Swings. John Crane presents his unique Action/Reaction theory in Advanced Swing Trading and introduces a whole new way of using time, price and patterns to anticipate and successfully trade future market swings in all markets - from stocks to commodities. Based on years of research and sustained success, Crane outlines how, using the Action/Reaction theory and combining price levels, precise timing methods and confirmation patterns - you can capture profits as markets go through a complete, predictable cycle known as "the Reaction Cycle." Using this technique you'll learn to predict the beginning of a new trend, and project the time and price of the trend's center and end. "Action lines" and "Reaction Lines," he further explains, allow you to predict the time and price of major market reversals - tipping you off you major market turns as well as small corrections. Armed with these strategies - you can seize short-term trading opportunities with increased vigor, new confidence and visibly improved results. Packed with proven strategies, real-world examples and clear-cut charts you'll be exposed to many unique and innovative new concepts that take basic "swing trading" to a whole new level. You'll discover important concepts, including: Reaction Swings: What they are & rules to identify them and predict future turning points "Swing Trading" the Reaction Swing: Identifying short-term trading signals, rules for entry, and key target projections based on Time and Price. Where & when is the right time to exit a trade - an easy method to determine when the price is right. Reversal days and the Gann fan: How natural support & resistance levels can work in conjunction with the Reversal dates. When you Can't find the Cycle: Alternative use of the Reaction Swing by using one Reaction Swing to project several future Reversal dates. Bullish/Bearish Divergence: Another technical indicator used to identify trend exhaustion With the field quickly getting overpopulated with swing trade 'experts'I see John Crane as a refreshing voice, and his groundbreaking concepts offer traders new ways to conquer short-term markets and apply swing trading techniques to any portfolio -- without making it a full-time job. As John Crane acknowledges in his book, "Knowledge is Power. The best investment that you can make, is investment in yourself." Now, there's no better way to gain new insights and methods that will give you an increased edge in the markets than with John Crane's new "Advanced Swing Trading" book. Invest in yourself today - by making Advanced Swing Trading part of your investment and trading library today. It's an investment move you won't be disappointed with.
Rating: Summary: A must read for any trader! Review: The concepts and timing techniques described and illustrated in this book blew me away! This is easliy one of the best books I have read about understanding market behavior and how take advantage of it's predictability. I recommend this book to any type of trader. The timing and price projection techniques will help anyone, no matter what trading style you prefer. It is well written and easy understand.
|