Rating:  Summary: Bleat bleat bleat Review: Before I answer the multiple bleaters that are slagging this book let me say one thing. Since purchasing the book earlier this year I have traded from Feb to [so far] August 2004 applying the principles in it, and have increased my trading capital by 10.51 times in that period. The only time that I have taken a loss was when I ignored the principles and traded on emotion. Now addressing the book. If you are looking for a get-rich-quick, paint-by-the-numbers method of making millions in the market - forget it, you will not find it in this book, and like so many other sheep that have reviewed this book, you will be inevitably disappointed. If you are prepared to strain your brain and put a sustained effort into understanding the principles that Connie is presently in this book then you will make a life-changing difference in your approach to the captial markets. In the Bible - Matthew 7,6. it says 'Give not that which is holy unto the dogs, neither cast ye your pearls before swine, lest they trample them under their feet'.
If you do not get the value from this book, upon your own head be it. The pearls are there, even the identity of the composite index is there if you put the effort into finding it. But the point is - you don't need Connie's exact formula, take her principle and invent your own.
Rating:  Summary: A Treasure for Traders Review: Hands down, this is my best trading literature VALUE. Just one chapter supported a significant increase in my trading.Its deep, but so was the first 2 calculus courses in engineering school. If its too advanced for you now, better buy it while its still available. The better trading books seem to go out of print quickly (?). Constance reveals more of her successful trading than most authors that show how to trade from the middle of the chart. I also appreciate the most robust trading software ever made was used with coding examples, TS2000i. Thanks Connie!
Rating:  Summary: THIS IS A MUST READ BOOK FOR ANY SERIOUS TECHNICAL TRADER Review: Having just read some of the reviews for this book I felt compelled to write in defense of this work. From reading previous reveiws it would appear that most of you miss the point of this book in a big way. First, let's be clear, this book is not for the neophyte trader infact anyone not familliar with Tradestation and Easylanguage may find it very frustrating. One presumes that is why it is titled "for the Technical Professional" Secondly if you buy this book thinking you are going to get some "holy grail" system and go out and knock the markets flat then good luck! Thirdly if you just want a recipe book some kind of mindless "plug and play" there are thousands out there all promising the dream....this is not that kind of book! On the other hand, this book is for "serious" students of technical analysis. Does it mess with your mind? absolutely and that is precisely the point! As far as I can tell the hole purpose of this book is not to promote seminars or sell indicators ...it is, to get you, the reader, to think about what you are looking at. Take those indicators, play with them, deconstruct them, twist them, turn them upside down, rebuild them in your own image if you like...but understand how they work and how they can be applied to your trading. You may not agree with everything the author has to say, that's fine, the point is to open discussion...open your mind! As for not giving out the code of the CMB...she does! it's there....Yes it took a couple of readings, but it is there! and I do not consider myself the sharpest pencil in the box. Is it a valuable indicator? I would certainly call it a valuable tool I have been using it for a little over a year and will continue to do so. One final point. The fact that the CMT has made this book required reading for their final exam should be evidence of the regard with which Ms Brown, her concepts and this book is held within the industry. As for the rest, well there will always be some who just don't get it! This book is highly recomended for anyone seriously wanting to improve and understand their technical trading
Rating:  Summary: For the serious trader only Review: I have been trading for the past 5 years. I am always looking for new ways to look at the market and hone my technical skills. This book is designed to help you think outside the box and look at what the market is telling us in new ways. She disects the RSI & Stochastics like noone else. Shows the reader how to produce fibonacci price projection and retracement clusters and how to use both RSI and Stochastics to do this also. The Elliott Wave Chapter is a real time day-by-day analysis over the summer of '98 using RSI & Stoch oscillators. She introduces the reader to Gann. And talks about cycles. I could go on. Just get the book if you're serious about trading.
Rating:  Summary: A gold mine of new information Review: I've been a trader for about ten years and have spent thousands of dollars on trading books - most of which have proven to have little or no useful content. That's certainly not the case with this book of Connie Brown's which provides alot of new thinking about indicators/oscillators and how we view and actually use them. More importantly the reader is challenged to think about what their favorite indicator is actually telling them at any point in time. Her discussion of the information a plain vanilla 14 period RSI can actually divulge is, in itself, well worth the price. The work on price projection and targets is extremely useful and has had a major positive impact on my trading. As an added bonus, the author shares some new indicators of her own creation and provides the reader with the "easy language" code for TradeStation. There's an awful lot of information in this book and it does take some time to digest. I've found something new and worthwhile every time I pick it up. You will definitely not find a re-hash of the same old stuff. Highly recommended!
Rating:  Summary: inseparable companion Review: In this book, Connie presents and indicator which she claims is an "inseparable companion" to the RSI.
In my mind, this book itself is an inseparable companion to John Hayden's RSI book. Following on John Hayden's footsteps, who renamed Cardwell's positive and negative reversals, as Hayden's MDRPs (momentum discrepancy reversal points), Connie has made an identical copy of Cardwell's CFG indicator, renamed it as the Composite Index, and claimed it as her own "after much expense and hard work"
After all the nagging and bragging in the book about not giving out her secret indicator formula, it turns out that the formula is not even hers.
Rating:  Summary: There are fifteen major breakthroughs in technical analysis! Review: This book contains the most advanced methodology I've ever seen! There are fourteen separate chapters in this book, each a separate subject. Six of these subjects have been written on before, and these chapters serve as improvements on old indicators. There are, also, fifteen major breakthroughs in technical analysis! Seven of these breakthroughs are new --- never-before-revealed material! Eight more dissect, change, and improve old concepts. The discussion on spikes and internal Fibonacci guidance is to be especially appreciated by the reader. The explanation of the Fibonacci price projection method alone will be worth the price of the whole book
Rating:  Summary: It burns well in the Fireplace Review: This book is totally incredible. Connie is a superb teach and educator. There are so many nuggets of gold in this book I don't know where to start (great help, eh?) but first her work on indicators is out of this world. Yes she acknowledges Cardwell, the man of the RSI wizardy, and goes on to say how she differs from him (in the area of divergences). She tells you how understanding indicators cost her 9 years and after saying that admits she will not give you the secret for a lousy $40.00. Fair enough. She gives allot of hints and if you work hard (very hard) slowly it will dawn on you what she is saying. I have new respect for indicators & Elliott waves & while I admit I have yet to master both I feel confident that I have a guide that will point me in the right direction.If you are a serious trader, fulltime in this bear market, you should definitely read this work. It will save you a bundle though cost you allot of midnite oil ;-)
Rating:  Summary: Worth it's weight in GOLD Review: This book is totally incredible. Connie is a superb teach and educator. There are so many nuggets of gold in this book I don't know where to start (great help, eh?) but first her work on indicators is out of this world. Yes she acknowledges Cardwell, the man of the RSI wizardy, and goes on to say how she differs from him (in the area of divergences). She tells you how understanding indicators cost her 9 years and after saying that admits she will not give you the secret for a lousy $40.00. Fair enough. She gives allot of hints and if you work hard (very hard) slowly it will dawn on you what she is saying. I have new respect for indicators & Elliott waves & while I admit I have yet to master both I feel confident that I have a guide that will point me in the right direction.If you are a serious trader, fulltime in this bear market, you should definitely read this work. It will save you a bundle though cost you allot of midnite oil ;-)
Rating:  Summary: A Teaser Not a Pleaser Review: This book promises to take you into the Promised Land of traderdom but leaves you in the desert. It's up to you to find the water. The author may give you some pointers as to where you might find it but you may easily die of thirst trying to get there. At best, this an introduction to the author's trading methodology. It broadly covers her different techniques: Elliot Wave used in conjunction with oscillators, Fibonacci price projections and retracements, Gann time and price analysis, reverse engineering of indicators to project price. Sounds good doesn't it? Well don't hold your breath. The author keeps the secret of the Holy Grail to herself. If you want the answers, you will have to take her seminars or subscribe to her service. Just to give you a sense of what I mean: One chapter is entitled "Price Projections by Reverse-Engineering Indicators". You get four pages of excruciating detail on how to export into excel, but when it comes to how she actually reverse engineers the indicator she writes, "Just know that some reverse-engineering projections require you to know the indicator formula and to have Excel generate the results, rather than just plugging in the indicator values from Trade station." How does she do it? She hired professional programmers to do it for her. Yes, that's all very well but then what do we need the book for and why are we paying her? Then there is the infamous Composite Index indicator so essential to her system. It has been repeatedly commented on in the other reviews here. She repeatedly promises to discuss the formula in various parts of the book and a whole chapter is devoted to it. The author writes, "By now you are probably trying to find the formula for the Composite Index". No such luck. Instead, you get, "Forgive my inconveniencing you, but look toward the Aerodynamic Investments Web site... for the outcome of this sticky dilemma." What a tease! And those aren't the only secret keys she keeps. In the chapter on Gann you find that all the wisdom of Gann is useless for trading indexes unless you possess certain secret conversion factors unknown by the general public, but which were revealed in some letters of Gann possessed by a friend of the Author. These documents were mysteriously destroyed upon his death. "All my attempts to acquire them or to have them preserved failed.," she writes. At any rate she's not revealing the conversion factors. Later she writes, "While the revelation that a conversion factor is used will understandably discourage some of you from going further and tempt you to skip the remaining chapter..." and then tries to lure you in with "So hang in there as this discussion has only scratched the surface. Besides, aren't you curious about the fourth dimension within the pyramid that I passed over so quickly in the beginning of this chapter? Good. Thought that might work. Onward." But all the reader gets on the pyramid is three scanty sentences in a paragraph in which the author states that there are three dimensions in a Pyramid. But hold your horses, there is also a fourth dimension: time. "It is Gann's Master Calculator or Square of 52," the author states. This fourth dimension can be derived from the Pyramid, but here the author leaves you ruminating once again this time about how to divine the mystical qualities of the Pyramid. You will never know. Ah, but isn't that why we bought the book in the first place, to find out what we will never know? Don't think to transgress the portals of the Temple of Giseh.
|