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Rating: 
Summary: Trading wisdom and advice galore
Review: An easy to read, enjoyable book, it offers interesting trading rules that can be adopted to trading any instruments - equities, commodities, futures - yes, even today. For me, the book is intriguing because of its historical documentation of how far along the development of trading rules, with back testing, had advanced, by 1932-1933. Some of the specific dollar values of the trading rules are no longer valid, but simply change those to reasonable variables. Author writes about what we now call breakouts, reversals, congestion and channeling trading strategies, in clear English. He examines whether stop losses work or not. He demonstrates, for his day and age, that because of commissions back then, that scaling in losing trades was a great way to blow a trading account away. He presents tables and copies of trading receipts to demonstrate how well various rules worked back then. Considering that his research was all by hand up through 1932,
his efforts were amazing. I bought and read the book, looking for clues as to what led Chester Keltner to create Keltner Channels. Ainsworth employed Keltner 1934-1938, after this book was written, to help test various trading rules submitted for Ainsworth's contests, and to help Ainsworth write his newsletter. I did find things in this book that could be forerunners to Keltner Channels.
Rating: 
Summary: A GOOD CLASSIC ON GRAIN TRADING
Review: Some of the techniques obviously cannot be used in our modern times because of the volatility of the grain arkets within the last thirty years. However, one would findl certain tidbits that can be helpful such as wheat following with the price of gold and so on. Of course these things do not work all the time, but it could be helpful to know of something that work from time to time.Also you will find information about a doctor (along with the trading record) of how he made a fortune trading in corn only. This provides good confidence for nichers like myself.
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