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Some highly recommended books
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Some highly recommended books

  #191 (permalink)
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This book is not an introduction to trading, but has the focus on one of the geometrical pattern. I would not mention Gartley pattern without relating them to ABCD pattern (measured moves) and to butterfly pattern. I think that this book is

-> not for beginners
-> not exhaustive
-> overpriced

If you look for an easy-to-read introduction to harmonic pattern, I would rather recommend the book by Larry Pesavento: Trade What You See.

It contains more information and is even cheaper.

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  #192 (permalink)
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Stop and Make Money: How To Profit in the Stock Market Using Volume and Stop Orders
Richard W. Arms (Author)

Richard Arms is one of the world's most respected stock market technicians. His expertise in this field is unparalleled, and his groundbreaking theories in volume analysis and market forecasting have forever changed the way traders perceive markets. Now, in Stop and Make Money, Arms presents a short-term approach to trading using the technical methods he has pioneered—as well as other established technical tools—over the course of his successful forty-year career.

In a straightforward and accessible style, Arms reveals how to profit from short-term price movements in the stock market—whether you're buying or selling short—by accurately interpreting price/volume information and effectively employing stop orders to enter and exit positions.

Before getting down to details, Arms briefly explores some essential trading examples and explains the advantages of technical analysis. He also prepares you for the journey ahead by offering insights and advice on what you might need to achieve your goals, including charting services, quotations services, a brokerage account, and more. Then, in the chapters that follow, Arms skillfully illustrates the self-developed techniques that have allowed him to manage trades for maximum profits during his many years in the market. Topics discussed include everything from the Equivolume charting system and the Arms Index—also known as TRIN—to Volume Adjusted Moving Averages and Ease of Movement. Along the way, you'll also become familiar with conventional technical tools, such as support and resistance, trendlines, and channels, which fit into Arms's strategy.

While many of the drawbacks to successful trading have been largely eliminated, it still takes knowledge, discipline, and hard work to capture considerable profits. Nobody knows this better than Richard Arms. And with Stop and Make Money, Arms will show you how to observe and anticipate short-term stock market moves in order to improve your overall trading activities.

* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former

Last edited by Big Mike; October 12th, 2011 at 09:24 AM.
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  #193 (permalink)
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Jonson View Post
Stop and Make Money: How To Profit in the Stock Market Using Volume and Stop Orders
Richard W. Arms (Author)

Richard Arms is one of the world's most respected stock market technicians. His expertise in this field is unparalleled, and his groundbreaking theories in volume analysis and market forecasting have forever changed the way traders perceive markets. Now, in Stop and Make Money, Arms presents a short-term approach to trading using the technical methods he has pioneered—as well as other established technical tools—over the course of his successful forty-year career.

In a straightforward and accessible style, Arms reveals how to profit from short-term price movements in the stock market—whether you're buying or selling short—by accurately interpreting price/volume information and effectively employing stop orders to enter and exit positions.

Before getting down to details, Arms briefly explores some essential trading examples and explains the advantages of technical analysis. He also prepares you for the journey ahead by offering insights and advice on what you might need to achieve your goals, including charting services, quotations services, a brokerage account, and more. Then, in the chapters that follow, Arms skillfully illustrates the self-developed techniques that have allowed him to manage trades for maximum profits during his many years in the market. Topics discussed include everything from the Equivolume charting system and the Arms Index—also known as TRIN—to Volume Adjusted Moving Averages and Ease of Movement. Along the way, you'll also become familiar with conventional technical tools, such as support and resistance, trendlines, and channels, which fit into Arms's strategy.

While many of the drawbacks to successful trading have been largely eliminated, it still takes knowledge, discipline, and hard work to capture considerable profits. Nobody knows this better than Richard Arms. And with Stop and Make Money, Arms will show you how to observe and anticipate short-term stock market moves in order to improve your overall trading activities.

The attachment has been removed as it appears to be a copyrighted commercial book, not donated to the public for free by the author. If you can confirm it is indeed free, let me know and you can re-post it.

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  #194 (permalink)
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Re: trading

No one book can cover all aspects of trading. If someone has basic understanding of trading and wants to learn the method of worlds foremost trading legend then Mark Fisher " The logical trader" is the best.

Forward for the book is written by none other than Paul Tudor Jones and when i read that per Paul Tudor Jones that in his opinion Mark Fisher is the best pit trader ever, that's all i needed to learn everything about Mark Fisher.

There is lot of garbage over the internet in terms of reviews by various wanna be traders about MF method. I ignored every comment and just trusted the advice of Paul Tudor Jones and in my book mark fisher is a trading GENIUS.

Any question about ACD method, I am here to answer them.

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  #195 (permalink)
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mfbreakout View Post
No one book can cover all aspects of trading. If someone has basic understanding of trading and wants to learn the method of worlds foremost trading legend then Mark Fisher " The logical trader" is the best.

Forward for the book is written by none other than Paul Tudor Jones and when i read that per Paul Tudor Jones that in his opinion Mark Fisher is the best pit trader ever, that's all i needed to learn everything about Mark Fisher.

There is lot of garbage over the internet in terms of reviews by various wanna be traders about MF method. I ignored every comment and just trusted the advice of Paul Tudor Jones and in my book mark fisher is a trading GENIUS.

Any question about ACD method, I am here to answer them.

I also like the book of Mark Fisher. There are some interesting elements that I use for my own trading. This includes the pivot range and the rolling pivots. However, I am a bit sceptical about his ACD method of defining the breakout levels. It is an old floor trader concept, which may work, if enough traders watch the same levels. If you are trading physical commodities - in particular energy and metal futures - it should do the job, but for financial futures or FOREX you may find better breakout points by using other statistical methods.

I have not backtested the ACD method. This would be difficult to do as the A and C values change once or twice per year. Also I do not believe in the counting system presented in the book, which is used to predict a bull or bear run for a commodity. To use the ACD system you need to subscribe to Mark Fisher's service, which costs you $$$ per month - or you need to know a subscriber.

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  #196 (permalink)
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Fat Tails View Post
I also like the book of Mark Fisher. There are some interesting elements that I use for my own trading. This includes the pivot range and the rolling pivots. However, I am a bit sceptical about his ACD method of defining the breakout levels. It is an old floor trader concept, which may work, if enough traders watch the same levels. If you are trading physical commodities - in particular energy and metal futures - it should do the job, but for financial futures or FOREX you may find better breakout points by using other statistical methods.

I have not backtested the ACD method. This would be difficult to do as the A and C values change once or twice per year. Also I do not believe in the counting system presented in the book, which is used to predict a bull or bear run for a commodity. To use the ACD system you need to subscribe to Mark Fisher's service, which costs you $$$ per month - or you need to know a subscriber.

Good points. By the way I enjoyed your Webinars. Thanks for sharing your knowledge. I was particularly impressed by your Fib. Webinar as I got tired of people telling me all the time that Fib's tells them market direction etc.. You settled that issue for me.

MF himself says that ACD method is not good for forex . I day trade full time crude oil and i can not understand how a retail trader can trade without ACD.

I subscribe to his service and it's $1800/year, daily cost comes to be less than what i pay in trading commission every day.


I would be more than happy to provide you any information you may need from subscription service. I primarily use it for 30 days ACD number line and daily pivot tracker value.

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  #197 (permalink)
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mfbreakout View Post
Good points. By the way I enjoyed your Webinars. Thanks for sharing your knowledge. I was particularly impressed by your Fib. Webinar as I got tired of people telling me all the time that Fib's tells them market direction etc.. You settled that issue for me.

MF himself says that ACD method is not good for forex . I day trade full time crude oil and i can not understand how a retail trader can trade without ACD.

I subscribe to his service and it's $1800/year, daily cost comes to be less than what i pay in trading commission every day.


I would be more than happy to provide you any information you may need from subscription service. I primarily use it for 30 days ACD number line and daily pivot tracker value.

If you talk to one of the traders at MF firm you will realize they have very little knowledge in terms of statistics etc.. What they do have ACD reference points as risk control and ability to step up to the plate when it matters.

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  #198 (permalink)
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mfbreakout View Post
If you talk to one of the traders at MF firm you will realize they have very little knowledge in terms of statistics etc.. What they do have ACD reference points as risk control and ability to step up to the plate when it matters.

Let us continue the discussion in the ACD Trading thread, as it does not belong here.

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  #199 (permalink)
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Is this a more concise book than Bulkowski's on Chart Pattern?

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  #200 (permalink)
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Hey guys...

I was looking for the highly recommended book "Trade Chart Patterns Like the Pros" by Duddella.

I noticed that it is not on Amazon (they do have a outside seller on their site you can buy from), and seems to not be readily available on the internet. Now I have found places to buy it from...but I was just wondering why it is not readily available? I mean Amazon usually directly sells every known book...

Thoughts?

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