Event Trading: Profiting from Economic Reports and Short-Term Market Inefficiencies

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Summary: Finally! A Trading Methodology That Stands Up to Backtesting
Review: Event Trading certainly stands out in the increasingly crowded arena of investment books . As a professional trader with over 5 years in the futures markets it is a pleasure to come across a methodology that is backed up by rigorous statistical testing that the reader can duplicate. It is also refreshing to find an entirely new approach to trading, one that is not a rehash of technical analysis indicators or a review of interpreting economic fundamentals. Event Trading differs from most of the existing books in this field. All rules are fully disclosed and mechanical. The reader is not presented with any "squishy" interpretations of market activity - this is not Elliot Wave! The performance each system includes the full spectrum of all trades taken . Far too many books show only the periods where their systems excelled, conveniently excluding periods of poor performance. I have definitely found the ideas presented to be both novel and applicable in the futures markets. If you want to survive as a trader it is critical to have a methodology that you verify with historical testing and implement according to your testing. Event Trading will give you this edge.

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Summary: University Term Paper Goes Big Time
Review: What stands out most about this book is the large print that does not fill the pages. It could have easily been half the length. That said once you distill all the information down to pertinent theories what you are left with is something more worthy of submission to 'Technical Analysis of Stocks and Commodities' as a two pager. The authors theory is very simple and straight forward. It's hard to believe that an entire book has been written on such a narrow subject/theory. The bulk of this text is merely examples of the theory that are applied across different markets. I finished this 214 page term paper in under 1 hour. If my highliter had not graced the first few pages it would have found it's way back in postal system. Save your money.