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Rating:  Summary: Lot of mumbo Review: .... this book is filled with lots of white space, blank pages and mostly useless information. It's a very quick read, and has some limited trading appeal. The logic is very similar to market profile and daytraders' pivot numbers. Price seeks to reach a middle ground "pivot" - shaped like a bell curve, with the most activity in the middle and least on the extreme ends. This book throws a whole bunch of stats of percentages of what happened when in particular ranges. This is similar to market profile, with a vague theory of generalities, and requires you to work with wide stops within zones. Market profile and floor pivot number traders may find this book useful in linking together a method , but overall .. this book isn't worth buying.
Rating:  Summary: statistics or not Review: This book presents supposed statistical analysis of prices hitting, supporting or resisting intraday, depending on the previous day closing price and opening price based on pivot levels. Some of the percentages present apparently good trading opportunites. However, there are six zones and hence 6 close x 6 open price combinations and the six levels which price the can hit during the day. You can get an idea as to how many permutations (trading setups) there are. Although this is supposed to be a statistical analysis, with nice percentage numbers, the data would be more attractive if the P values and the n were included. Basically you will have to backtest each combination to verify the worth of the percentages for each promising setup. Pecentages also vary quite a bit between different markets although some nice correlations do exist. The book presents a lot lot more numbers than most books and therefore deserves appropriate credit. Some of the better stats can be tested in simple backtesting programs. Would be more reasonably valued at a lower price than the listed retail.
Rating:  Summary: Terrible, save your time and read something else Review: This book deals around a concept and from page one tries to relate that concept with W. D. Gann. Over the years I have noticed that when people wnat to sell a book dealing with anything relating to the financial markets they call for W. D. Gann to help. Gann as a trader used very simple rules (swing trading) and none of the mystical stuff which made him known. In fact the mystical stuff came AFTER Gann retired from trading. Now, it is up to you: the concept explained in this book is actually FALSE and does NOT work. There is a forthcoming book by this author together with someone called Robert Krausz. I have been given that book to read and I come to the very same conclusions: 1) they want to sell and make money selling books 2) to do that they think up of an attractive concept and, 3)they ask W. D. Gann for help. Concluding: if you plan to make money in the markets then you shouldn't even consider these books!
Rating:  Summary: statistics or not Review: This book presents supposed statistical analysis of prices hitting, supporting or resisting intraday, depending on the previous day closing price and opening price based on pivot levels. Some of the percentages present apparently good trading opportunites. However, there are six zones and hence 6 close x 6 open price combinations and the six levels which price the can hit during the day. You can get an idea as to how many permutations (trading setups) there are. Although this is supposed to be a statistical analysis, with nice percentage numbers, the data would be more attractive if the P values and the n were included. Basically you will have to backtest each combination to verify the worth of the percentages for each promising setup. Pecentages also vary quite a bit between different markets although some nice correlations do exist. The book presents a lot lot more numbers than most books and therefore deserves appropriate credit. Some of the better stats can be tested in simple backtesting programs. Would be more reasonably valued at a lower price than the listed retail.
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