Secrets of the Undergroundtrader
Author: Jea Yu, Russell Lockhart
List Price: $39.95
Our Price: Click to see the latest and low price
ISBN: 0071417370
Publisher: McGraw-Hill Trade (18 August, 2003)
Sales Rank: 46,210
Average Customer Rating: 4 out of 5
Customer Reviews
Rating: 5 out of 5
THE BEST TRADING BOOK
Thank you Jay, and all underground traders team for sharing all new developments and extraordinary capabilities to deserve my own trading methods.
A PUP book wrote by amazing real traders.
Rating: 1 out of 5
No stars would be a better rating
This is not a TA or Day trading book, this is an insult to every serious trader. Classic example of take the money and run.
Part 1 (by Jea Yu): same tools of previous book (2MA+Stochastic), 168 pages with 13 charts. Sorry, i forgot the new innovative tool: 3 period exponential moving average with a shift -3. WOW !!!!!!!!!
Part 2 (by Russell Lockhart,Ph.D.): 174 pages, about 30 charts.
Group Orgy with Candlesticks+Lunar Clock+Fibonacci+Natural Squares+Harmonics of Range+Market Structure+Price/Time+Three-Price Breaks+ bla bla bla.
Appendix A: "These two entry techniques uses the indicators in an innovative way". First technique: 20-period EMA retracement technique (do you remember Street Smarts?). Second technique: stochastic divergence trades (very, very innovative tool, a 5-3-3 stochastic with a 1 min. chart).
Last but no least. Appendix B (by John Allen). The chart (pag.345) displays an Evening Star pattern, top reversal signal: sell signal. No, for Mr. Allen this pattern is a Piercing pattern, bullish pattern etc... etc...
This book is not worth the paper that it is printed on (recycled, acid-free paper).
Save the last scalpers !!!
Rating: 5 out of 5
What day traders need to know
I am a full time Day-Trader and utilise the methods outlined in this book. The book provides a comprehensive review of the methods used at undergroundtrader .com It is not a book for complete beginners. Some initial readings with more basic books will be needed in order for newer traders to gain full benefit. The book is excellent because it provides 2 approaches to trading. I strongly advise you to get this book if you are considering trading as a full time career, dont pay attention to people who slag off this book .I trade full time using these methods and they work. The lack of reference to Day Trading in this book is probably because of the bad name that it now has. Yet this book is really about trading not investing, mainly on an intraday basis. Moreover there are very useful strategies discused which can help the investor or less active trader to. Overall it is an essential addition to any trader or investors arsenal. Similar Products
Advanced Swing Trading : Strategies to Predict, Identify, and Trade Future Market Swings
High Probability trading
Come Into My Trading Room: A Complete Guide to Trading
The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities
Undergroundtrader.Com Guide to Electronic Trading: Day Trading Techniques of a Master Guerrilla Trader
Book Index