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Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets
by John L. Person
List Price: $90.00
Our Price: $56.70
You Save: $33.30 ( 37% )
Availability: Usually ships in 24 hours
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Average Customer Rating:  
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Binding: Hardcover
ISBN: 0471980226
Number Of Items: 1
Number Of Pages: 368
Publication Date: 2006-11-03
Publisher: Wiley
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Editorial Reviews:
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In his first book, A Complete Guide to Technical Trading Tactics, John Person introduced traders to the concept of integrating candlestick charting with pivot point analysis. Now, in Candlestick and Pivot Point Trading Triggers, he goes a step further and shows you how to devise your own setups and triggers—in the stock, forex, and futures markets—based on a moving average approach. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.
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Featured Customer Reviews:
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CANDLESTICK and PIVOT POINT TRADING TRIGGERS
The book is excellent, I learned a lot from it. I'd like to thank AMAZON for the prompt delivery. I received the book within 6 days after the order day.
Thanks again!
LOCMAI in SAN JOSE,CALIFORNIA
9/5/2010
This book delivers for the most part.
I've invested on and off for years, and wanted to try my hand at day trading stocks and ETFs, so I went looking for a trading system that would work for me. This book delivered for the most part. So why only 3 stars?
On the plus side, the author's system relies heavily on only a small number of candlestick formations and technical indicators to do the heavy lifting, and I'm a big believer in the KISS principle. And he includes tons of real chart snippets along the way to exemplify every aspect of his system. I found that adhering strictly to the prescribed candle and technical confirmation triggers enabled me to make good trade entries almost immediately. That in itself makes me glad I read this work.
But there are some negatives. I found myself re-reading a page occasionally to gain understanding, not due to techno-market esoterica, but because it was not well written. I regret that I never did totally extract an understanding of the author's system for setting trailing stops. I wondered if the book was proof read. The pivot point portion of the system, though fairly easy to understand, is virtually impossible to implement/use without the right software package (which the author promotes randomly throughout the book).
A unique and well presented book
This is the second of John Person's works I have read. He provides a unique and very well thought out strategy for trading using pivot points. He does an excellent job providing useful examples of each element of the strategy. To many traders, the material presented will be a completly new approach. To gain the most value from this book I would recommend you also read his prior book as well. My only dissapointment was with the quality of the editing by the publisher. There were more than a few errors and typos in the book which is a distraction from the fine work the author presents. Don't let the few editing errors detract from the value of the material presented. John does a great job showing how to trade with pivots, what to focus on, and how to increase your odds of success by focusing on the convergence of multiple time period Pivot Points. I thoroughly enjoyed this book.
I have problem to make it to work for me
Book is well written, author language is clear and understandable but...
I struggle to manage to make the system described in this book to work for me. I don't have the charting package and software that author use, but the system should work on any system. The only problem is that if you
dont have the software that author use - you can't use moving averages.
I will give this system few more attempts and I will update this review later.
Don't use the system described in the book without testing. Losses that I have with this system are virtual. But the waiste of the time is real.
Does good job blending Candle Sticks with Pivot Points
I really like the combination of candle sticks with pivot points! Candles are fine but must be combines with other western technicals. I like this as a constant combination. You can then add MACD or ADX to finetune your timing. I learned a lot from Person.
My only reason for not giving it 5 stars is that it has a lot of filler. Gives the book a bit of bulk but not much meat. A good edit would have made for an easier read.
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