Four Steps to Trading Success: Using Everyday Indicators to Achieve Extraordinary Profits
Author: John F. Clayburg
List Price: $65.00
Our Price: Click to see the latest and low price
ISBN: 0471414824
Publisher: John Wiley & Sons (01 June, 2001)
Sales Rank: 77,301
Average Customer Rating: 4.62 out of 5
Customer Reviews
Rating: 4 out of 5
Rationality and Realism
I am writing from Italy and I bought a lot of books about day trading. I read Clayburg interview on the issue of December of Tasc and I was striken by his words.
In particular way I appreciated the rationality and realism he shows towards the market, and the way he is at the same time easy to understand while being technical, precise and effective in creating this system trading. An interesting tool for everyone who uses normal indicators as stochastic, Rsi and William's %R. With studies about Support and Resistence. Nothing more nothing less. This is a "standalone" book, the first i think: you don't need to buy others seminars, software or to subscribe to newsletters, chat rooms and give other money away.
Rating: 5 out of 5
Master trading tool
Dr. John Clayburg:
Thank you so much for share your terrific strategy system based in DIRECTIONAL DAY FILTER.
Everyday work very succesfull with all my stock basket and in whole real world The book is so helpfull to all investors community, daytraders, scalpers and bottom fishing.
Give and let built other perspective about the golden rule of opening price range breakout.
Technique explanation is excellent. Easy to read and easy to learn
As a daytrader, put your name John Clayburg in the gallery of my BIG MASTER TRADERS like Toby Crabel,Linda Bradford and Larry Williams.
Thank you again for this jewell book. I hope your next book soon!
Rating: 2 out of 5
Interesting, but system doesn't work well
Well, I enjoyed the book immensely, and liked the author's concept of the Directional Day Filter. Anyway, he bases his entire system on breakouts against the trend. Using my live market feed, I automated his rules to a letter via a homegrown app, and my losses mounted by the day. I implemented his definition of Support and Resistance, and whenever I broke through these levels, and the appropriate stochastic indicators indicated that I buy or sell, I would buy or sell short appropriately, and the stock would invariably reverse shortly thereafter. His mechanism was not reliable at all. To the contrary, you can get some good info from his book, and trade of support and resistance levels by themselves, reversing position when these respective levels are hit. This makes entirely more sense, and will allow you to profit consistently, contrary to what the author stipulates. Similar Products
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