Positives: Provides actual, simple and executable strategies, with clear descriptions, examples, and rules for entries, exits, stops, and Targets, including examples of when the strategies could backfire if used incorrectly and why. Good reading for the novice or middling investor especially. Several of the setups for strategies, while containing candlestick formations which may be familiar to someone with experience, were unique in terms of how they were identified.
Negatives: The writing is dry and often very redundant. While I think he was trying to drive his point home through repetition, it often puts me to sleep. The author, also, uses his own names for candlesticks, like “kangaroo tail” (aka hammer or shooting stars) and big shadows (aka engulfing candles) rather than using the already widely accepted names in trader vernacular, which can be somewhat confusing at times (as in, “wait what was the kangaroo tail again?” Oh yeah, he means hammer candle.)
Overall Impression: While I’ve yet to backtest the strategies laid out, the examples were useful, and sparked new ideas. Most traders or those looking to get into trading will probably find this worthwhile reading.
Positives: Provides actual, simple and executable strategies, with clear descriptions, examples, and rules for entries, exits, stops, and Targets, including examples of when the strategies could backfire if used incorrectly and why. Good reading for the novice or middling investor especially. Several of the setups for strategies, while containing candlestick formations which may be familiar to someone with experience, were unique in terms of how they were identified.
Negatives: The writing is dry and often very redundant. While I think he was trying to drive his point home through repetition, it often puts me to sleep. The author, also, uses his own names for candlesticks, like “kangaroo tail” (aka hammer or shooting stars) and big shadows (aka engulfing candles) rather than using the already widely accepted names in trader vernacular, which can be somewhat confusing at times (as in, “wait what was the kangaroo tail again?” Oh yeah, he means hammer candle.)
Overall Impression: While I’ve yet to backtest the strategies laid out, the examples were useful, and sparked new ideas. Most traders or those looking to get into trading will probably find this worthwhile reading.