Great system but can't be used in a vacuum:
I programmed this system into Tradestation 2000i, it took me almost 3 weeks just to conceptualize how I would program all it's rules properly but after I finished I realized that this is really a gem, you can tell that the author really has an understanding of the structure of how the markets work, of course you will have to pick stocks or commodities that are already moving by using ADX or etc but this really is a good system especially in catching changes in the direction in trends hopefully I'll have it programmed for Metastock before the end of the year also. I don't use it myself I prefer Bill Williams method ("New Trading Dimensions"). There is no magic grail so again selection is important but the sytems holds it's own....
For Position Traders:
The best method I have ever tried for a position trader. Works best with high liquidity stocks and stock indexes on weekly data. Use ADX 14 and 20 MA to confirm the presignal. On stock index (S & P 500 and Ridex funds for the short part)I enter with a 1/4 at presignal if confirmed. This is a must buy text book. How come nobody says anything abot this method in any other books I've read or seminars attended. One of the best secrets kept together with "The Taylor Trading Technique" by George D. Taylor or "Steidlmayer on Markets"s last few pages. Good trading!
The best book I have ever read!:
It features several trading systems that can tell me when/where to buy, where to place stops, how to protect profits and when/where to pyramid mechanically.
Outstanding:
Somewhat obselete now, but certainly an epic book when it was written. I can see elements of LBR, Victoria Pearson and Joe Ross from this book and it's fairly obvious they were influenced from it. Lots of very basic, logical price action and even the most experienced trader can pick up a few things here and there.
Excellent Trading system:
I programmed his trading system and contacted David Watts to see what he thought of it, it's not the holy grail but it does work for stocks and futures that are moving either up or down quickly and are about to reverse. This system is not one I choose to use because I'm comfortable with my own trading style (profitunity trading as outlined in Bill William's book "New Trading Dimensions" ) but it did confirm for me the general movement principles that all stocks, bonds and futures exibit...
| Author: | William Dunnigan | | Binding: | Hardcover | | Dewey Decimal Number: | 332 | | EAN: | 9780273630968 | | ISBN: | 0273630962 | | Number Of Pages: | 304 | | Publication Date: | 1998-04-25 |
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