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Rating: 
Summary: the definitive work
Review: Don't know what the bloke from Italy is writing about; sounds like lots of sour grapes.This book is without a doubt, the real deal and probably the best book I've seen to day on intraday trading. No nonsense, hard hitting and very generous explanations of fractal analysis (different time frames necessary to gauge your trades), multiple uses of indicators, exponential MA shift to predetermine moves and close monitoring of the 'noodles' (or Nasdaq futures) which are the primary movers of the market, not necessarily individual, retail traders. One thing I really liked was the strong recommendations of the authors (who unlike most trade book authors are REAL traders) to only trade ONE basket stock like MSFT and become intimately familiar with the cycles of that stock. More and more I'm realizing that is the only way to really get good at predicting moves. Saves lots of aggro. One thing to keep in mind: this book is not for beginners, nor even intermediates. It is fairly complex stuff, though not a real hard read, and really, only more advanced experienced traders with pretty good knowledge of TA would get the most out of it. So forget the Toni Turner-type books that are much ado about nothing: this book is a must for any serious day trader.
Rating:
Summary: What day traders need to know
Review: I am a full time Day-Trader and utilise the methods outlined in this book. The book provides a comprehensive review of the methods used at undergroundtrader .com It is not a book for complete beginners. Some initial readings with more basic books will be needed in order for newer traders to gain full benefit. The book is excellent because it provides 2 approaches to trading. I strongly advise you to get this book if you are considering trading as a full time career, dont pay attention to people who slag off this book .I trade full time using these methods and they work. The lack of reference to Day Trading in this book is probably because of the bad name that it now has. Yet this book is really about trading not investing, mainly on an intraday basis. Moreover there are very useful strategies discused which can help the investor or less active trader to. Overall it is an essential addition to any trader or investors arsenal.
Rating: 
Summary: Useless
Review: My hobby is to study the markets and I have numerous books about technical analysis and swing trading. This book consists of 362 pages of useless BS. Don't waste your money. I'm going to sell my copy, at pennies on the dollar, to the used book store.
Hopefully, if enought dissatisfied customers do the same thing, there will be so many used copies out there that the authors can't get any royalities out of this useless book.
Rating:
Summary: THE BEST TRADING BOOK
Review: Thank you Jay, and all underground traders team for sharing all new developments and extraordinary capabilities to deserve my own trading methods.
A PUP book wrote by amazing real traders.
Rating:
Summary: Not a good book at all, save your money
Review: The reviews were obviously written by the writers or their friends. Buy Trading for a Living by Dr. Elder, and High Probability Trading by Marcel Link. These are the best 2 books I've read out of 35 books I've read in 12 years of trading. Good Luck.
Rating: 
Summary: 2 Books in One
Review: this book is written by 2 persons, and is split into 2 very different sections.
the first section is written by Yu, founder of the undergroundtrader.com. it is 168 pages long.
Yu's style is straight to the point. he starts by describing why he has needs for certain indicators, then describe its use. doing so one by one, he introduces the entire arsenal of indicators that he uses for 'successful trading'.
after this, he would show you how to trade using these indicators. very detailed descriptions and very informative. the only fault is the lack of graphics, so that you may need to use more imagination to understand what he has so aptly described. he has also detailed how scalpers or swing traders could make use of his methods. everything is very well written and detailed.
this section ends off with one chapter called "putting it all together: a sample week of trades" which is self explainatory.
the second section is writtenn by dr. lockhart. he lives up to his name by being a doctor (phd, i presume), he spends the first 2-3 chapters (50-100 pages) of his 4 chapters (155 pages) on theories and fundamentals.
generally, these theories are basically the dow theory, basic monetary growth theories, fibonacci, gann, candlestick patterns etc. what he dwells on are nothing new, but he likes to give some of these theories new names, and also name many priciples for his theories. these theories will help in the understanding of the main trading premises, but it is really nothing new for traders/investors well versed in the basic fundamentals of dow theories etc.
in his last chapter, he points out the use of various techniques to the calculate the basics of trading. ETS, entry, target + stop. a method for trading is also discussed, the "three point break" method, this method has been covered by steve nison in advanced candlestick patterns.
this section is not like the first, it is more theories and background for traders. it's all about learning the basics and fundamentals of trading. i'll liken it to playing tennis, this section will tell you about the psychology in a game, the wind conditions, the crowd's effect, the court, positioning, your basic strokes, serves etc. while the first section details how to deal with each kind of shots and return the winner.
I'm not entirely sure they've put the correct section at the back of this book. generally, this book is informative and useful for day traders to read up on yu's portion. he has some ideas that is definitely worth exploring. he has detailed a very good method. lockhart's portion is too back to fundamentals, it'll be useful for traders still fresh in the business to catch up on the basics but rather redundant for seasoned traders.
this book may also be applicaple more to the US markets only. i'm not entirely sure it'll be applicable to the tiny singapore (or such relatively small mkts) market here, i intend to find out!
Rating:
Summary: required reading
Review: This book ought to be required reading to anyone who is or desires to be a day trader. I have read over 70 books since I started trading and this is by far the best. No matter what your experience level or trading style, Jay, Ral, Luke and John are crack teachers. If these guys can't teach you to trade, you may want to consider a new career. ~
Rating:
Summary: Not a good book at all, save your money
Review: This is not a TA or Day trading book, this is an insult to every serious trader. Classic example of take the money and run.
Part 1 (by Jea Yu): same tools of previous book (2MA+Stochastic), 168 pages with 13 charts. Sorry, i forgot the new innovative tool: 3 period exponential moving average with a shift -3. WOW !!!!!!!!!
Part 2 (by Russell Lockhart,Ph.D.): 174 pages, about 30 charts.
Group Orgy with Candlesticks+Lunar Clock+Fibonacci+Natural Squares+Harmonics of Range+Market Structure+Price/Time+Three-Price Breaks+ bla bla bla.
Appendix A: "These two entry techniques uses the indicators in an innovative way". First technique: 20-period EMA retracement technique (do you remember Street Smarts?). Second technique: stochastic divergence trades (very, very innovative tool, a 5-3-3 stochastic with a 1 min. chart).
Last but no least. Appendix B (by John Allen). The chart (pag.345) displays an Evening Star pattern, top reversal signal: sell signal. No, for Mr. Allen this pattern is a Piercing pattern, bullish pattern etc... etc...
This book is not worth the paper that it is printed on (recycled, acid-free paper).
Save the last scalpers !!!
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