Cutting Edge Futures Trading: Methods for the 21st Century

Rating:
Summary: What ?
Review: I have no idea what this guy's background is, but I have a hard time believing he is a successful trader or even a trader at all. The author introduces several theories with examples and backtested results in varying commodities. This sounds ok, except for the part where every single commodity has different variables and he titles his backtests "Optimized Results". In addition, he presents his theories in a very vague form that barely even mentions a thing about money management. Maybe I missed something, but none of the backtested results tells you where he got in or out and I'm presuming they are only profitable just from severe curve fitting. There are some interesting points in the book, however. One of the chapters about cycles presents a Cycle Regularity Ratio, which can be simply calculated and provides a quantifiable number to cycle accuracy. There are also some chart patterns which are introduced, some are just slight variations of classic patterns. The MicroWorld pattern is very interesting, if only for amusement.. as it would be very difficult to realize in hindsight.