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Four Steps to Trading Success: Using Everyday Indicators to Achieve Extraordinary Profits

Four Steps to Trading Success: Using Everyday Indicators to Achieve Extraordinary Profits

List Price: $65.00
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Product Info Reviews

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Rating: 5 stars
Summary: great book for those who have read about daytrading before
Review: This book is a very good book. I have read many books and this one is talking about facts and its telling you what you should do and should not when you daytrade. I stopped trading just to finish the book and improve my skills. The book teaches you REAL methods and techniques that other books glance over. Stochastics and Moving Average explanations are clear. Read the book its not that long and its worth every penny.

Rating: 5 stars
Summary: Can't you read the signs?
Review: This book is the best I've read out of 20 since Janurary 1st.
Mr.Clayburgh starts you out with the very basics, (you might say training wheels) and stays along side of you to the very end.
...
Chapter 8 explains the most important concepts you must throughly understand to be successful with his system. Absolutely no guesswork! I think he has raised the standard in writing about
trading systems. I gladly await any new material he delivers in the future!

Rating: 4 stars
Summary: A very good TA book that reaches beyond TA
Review: Unlike most other TA books that only go into details of certain TA tools, the author tried to post the big picture of TA tools as means of creating effective trading strategies that lead to his so called high probability trades. Adopting a step by step approach, he first outlined and explained a number of TA methods, and then reduced these methods to the four steps of trading success he promoted, which are:-

1. Determine the major trend of the day
2. Determine the minor trend of the day
3. Define an exact entry point
4. Determine an exit strategy

In my opinion, this book is really helpful and easy to understand. There is plenty of 1-min graphs elaborating the author’s ideas, primarily for stock day trading. Though the prinicples are quite applicable also for longer term trading, I hope that the author will write another book for those position traders like myself.

Rating: 5 stars
Summary: Excellent Trading Guide
Review: Well written,easily understood with numerous great enrty/exit,support/resistance ideas.
The Directional Day Filter helps to get you into the trades most likely to go your way but more importantly keeps you out of the ones with less chance of success.

Rating: 1 stars
Summary: signals don't work
Review: Well, I enjoyed the book immensely, and liked the author's concept of the Directional Day Filter. Anyway, he bases his entire system on breakouts against the trend. Using my live market feed, I automated his rules to a letter via a homegrown app, and my losses mounted by the day. I implemented his definition of Support and Resistance, and whenever I broke through these levels, and the appropriate stochastic indicators indicated that I buy or sell, I would buy or sell short appropriately, and the stock would invariably reverse shortly thereafter. His mechanism was not reliable at all. To the contrary, you can get some good info from his book, and trade of support and resistance levels by themselves, reversing position when these respective levels are hit. This makes entirely more sense, and will allow you to profit consistently, contrary to what the author stipulates.

Rating: 2 stars
Summary: Interesting, but system doesn't work well
Review: Well, I enjoyed the book immensely, and liked the author's concept of the Directional Day Filter. Anyway, he bases his entire system on breakouts against the trend. Using my live market feed, I automated his rules to a letter via a homegrown app, and my losses mounted by the day. I implemented his definition of Support and Resistance, and whenever I broke through these levels, and the appropriate stochastic indicators indicated that I buy or sell, I would buy or sell short appropriately, and the stock would invariably reverse shortly thereafter. His mechanism was not reliable at all. To the contrary, you can get some good info from his book, and trade of support and resistance levels by themselves, reversing position when these respective levels are hit. This makes entirely more sense, and will allow you to profit consistently, contrary to what the author stipulates.


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