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The Ultimate Trading Guide

The Ultimate Trading Guide

List Price: $70.00
Your Price: $61.78
Product Info Reviews

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Rating: 5 stars
Summary: Great Material
Review: If you are looking for a book that effectively puts all of the pieces of the puzzle together, then this is for you. It has a LOT of very valuable technical insights, the kind you only get from a market veteran. WELL worth both the time to read, and the cost of the book. RH Watson, Publisher Swingtraderz.com

Rating: 3 stars
Summary: Not quite the Ultimate Trading Guide...
Review: It's not easy for me to review this book. If I were a beginner I don't think i'd go very far with it. To the more experienced trader, he will surely find something to suite his whatever style of trading, but never leading you to the point of re-thinking a trading system... unless you were losing money already!

The book tries too hard to show all there is about trading, but never going deep enough to explain things in detail, hence the fact that it's not for the beginner...

I found some interesting stuff on it, particularly on patterns, but when you get to the end of it, it leaves you with this feeling that something is lacking.

But don't let my words put you off; it's a 'good enough' one if you already know your way around in Technical Analisys and are looking for something more to spice up your creativity to apply to your own trading system.

Rating: 1 stars
Summary: Ultimate Disappointment
Review: John Hill wrote two excellent books on technical analysis in the past. I gave them to a friend,hoping to replace them with this latest. Hill is great, but this book is not. It is very poorly edited. He is not well served by his editors or co:authors. Not worth the money.

Rating: 4 stars
Summary: A Complete Insight Into The Ultimate Trading Guide
Review: No news here. these guys are purely technical. Hill, Lundy and Hill have written their book from years of experience with mechanical trading systems that have made them highly regarded experts. In black and white, what works and what doesn't, will be made clear to the reader from the knowledge of its authors.

It is estimated that 80% of the 30 billion dollars in the managed futures industry is traded by systematic methods. It is also estimated that 80% of the traders lose money. This book was written to allow traders to recognize and exploit an edge in the markets. Examples in both the futures and securities are made to prove the authors' point.

In the beginning, there is the almighty bar chart and a whole chapter devoted to its proper interpretation. According to these guys, all you need to know is in the charts and nowhere else. And with those bar charts a very simple and complete take on the Elliot Wave Theory will demystify even the most obtuse of the technically impaired. Walk-through examples of trading styles and applications of chart patterns are engaging and relevant to all kinds of markets.

The book contains an introduction to mechanical trading systems. Tips on what to look for and where not to look for a system will be very valuable to the inexperienced. Advice on hardware, software, data and testing are also covered, making it a worthy read for anyone interested in mechanical trading.

The authors bring precious bits of wisdom with their experience. Though systems are mechanical in design, the mental toughness required to achieve success is important, and much can be learned from the experienced. Make no mistake, this book is not about easy money, but about the reality of achieving success. As the authors put it:

"There is a giant chasm between knowledge and a successful trader. Few of us are able to make the leap, and those that do must be on the alert or they will fall back into the abyss."

Rating: 5 stars
Summary: A lot of experience
Review: The Hills are no new comers to the game. John Hill in specific is over 80 years old. If you read his "Advanced Technical Analysis" book then you will find some of the patterns here. And talking about patterns this is the ONLY book I have thus far found which lists the most important patterns around. I took two of them from his earlier book to build my own methodology. The section on trading systems I dislike simply because my idea of a method is one which is entirely manual with rules which need to be read out, not the automated Trade Station type of stuff. Still, John Hill read the classics of the Golden Age of Technical Analysis and it shows!

Rating: 5 stars
Summary: Full of trading ideas
Review: This book gets straight to the point and works almost as an encyclopedia of trading methods, theories and systems. Written by John Hill of Futures Truth fame, you would expect a lot of backtesting and system development info - which there is. As an experienced trader, I did pick up numerous new ideas that might be applicable to my own trading methods and that's really all you can really hope for in any trading book.

Some minor gripes are the somewhat lack of clarification and examples at times, relying only on a single chart for an example before moving on to the next idea. This can be quite difficult to follow for a new trader. Also, the Drummond Geometry chapter is just a verbatim article that can be found on the Tedtick webpage.

Otherwise, this is an excellent keeper book.

Rating: 1 stars
Summary: Ultimate Rip-off
Review: This is my first Amazon review, I just couldn't believe any reputable publisher or reviewer would embrace such a horrible book!

I am a self-taught trader of 15 years, I love reading traing books, there are currently more than 2,000 traing books in my trading library. Of all the books I have read, this is one of the worst!

The trading strategies/methods presented in this book were poorly researched and the presentation is even worse. Take the indicators section for example, the authors wrote approximately half a page about Commodity Channel Index, barely even scratched surface of this indicator, then presented a table showing their back test result on over 21 individual markets, the results indicated that 20 markets were negative and 1 was about break even. If you are unfamiliar with Commodity Channel Index indicator, you would be missled to believe it is a poor indicator based on their back testing results, but in fact, their testing was based on their incorrect interpretation of how CCI can be used as trading strategy. My onw real trading result using CCI indicator for the past two years averaged over 78% win-loss ratio; I pick CCI as an example because CCI happened to be the best indicator I know. There were just too much poorly researched information presentled in this book, it made my stomach sick when I was reading them, I couldn't help but to write this review, take it whichever way you prefer, my advice to you: run, don't walk, away from this ultimate rip-off!


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