Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets [Hardcover]

John L. Person (Author)

Book Description

Publication Date: November 3, 2006

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.

Editorial Reviews

From the Inside Flap

With instant electronic market access and powerful financial tools at their disposal, today's "technician"—one who practices the art of technical analysis—has more opportunities than ever before to profitably trade in a variety of markets. But in order to truly excel, you need a method that will allow you to identify market moves, and strategies that will allow you to make the most of those moves.

John Person has been in the trading business for almost thirty years—as a broker, a trader, and a teacher of traders. During this time, he's refined his trading skills and, by using candlestick formations in conjunction with pivot points, developed a reliable methodology that will help you make smarter trades with less risk.

In his first book, A Complete Guide to Technical Trading Tactics, 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.

Filled with in-depth insights and expert advice, this comprehensive guide:

• Examines the methodology of pivot point analysis and how it can be applied to different markets
• Shows you what to look for when reading candlestick charts and why you should rely on price rather than indicators
• Discusses how to find certain setups and explains what triggers a call to trading action
• Walks you through the various types of stop orders, including when and where to place them
• Illustrates how back testing your methods can help uncover the strengths and weaknesses ofyour system

Person also fully discloses some of his proprietary setups, such as the high close doji, the low close doji, and the jack hammer pattern, complete with rules on the entries and exits to help you identify high probability trades.

With the tools and techniques outlined in this book—which includes a companion CD-ROM that contains Person's own Pivot Point Calculator and an instructional presentation on how to use it—you'll be able to put together a trading plan that consistently helps you yield profits.

From the Back Cover

PRAISE FOR Candlestick and Pivot Point Trading Triggers

"Candlestick and Pivot Point Trading Triggers provides traders the opportunity to better apply a combination of two techniques that are often used independently. The breadth of information offered here will make any trader anxious to attempt combining candlestick patterns and pivot points."
—Jayanthi Gopalakrishnan, Editor, Technical Analysis of Stocks & Commodities magazine

"Whether you are a novice or a seasoned trader, this is a MUST-read book! In the ocean of trading books available today, this one is quite unique. It contains the blueprint for achieving success in trading stocks, futures, and forex. Don't just read this book and put it on a shelf—use it as a trading plan, strategy, and exact set of steps you need to take to achieve the same results John has had trading stocks, futures, and forex."
—Mona Khan, President, Forex Traders Association

"This is an excellent and original book. It's the definitive work on the complex subject of pivot point trading and a must-read for all equity, futures, and currency traders."
—Alan Farley, Editor and Publisher, Hard Right Edge, www.hardrightedge.com

"This is a highly valuable trading manual. John takes his readers on an educational journey that is well organized, informative, and compelling. His explanations of candle patterns and pivot analysis, applied to various markets, are extremely insightful. This book serves as a wonderful resource to all traders who want to increase their profit potential and success!"
—Toni Turner, President, TrendStar Trading Group, Inc. author of A Beginner's Guide to Day Trading Online, A Beginner's Guide to Short-Term Trading, and Short-Term Trading in the New Stock Market

See all Editorial Reviews

Product Details

• Hardcover: 368 pages
• Publisher: Wiley (November 3, 2006)
• Language: English
• ISBN-10: 0471980226
• ISBN-13: 978-0471980223
• Product Dimensions: 9.2 x 6.3 x 1.2 inches
• Shipping Weight: 1.3 pounds (View shipping rates and policies)
• Average Customer Review: 4.1 out of 5 stars  See all reviews (19 customer reviews)
• Amazon Best Sellers Rank: #136,357 in Books (See Top 100 in Books)

More About the Author

JOHN PERSON, CTA

John Person is a 30-year veteran of the Futures and Options Trading industry. He started on the Floor of the Chicago Mercantile Exchange back in 1979. This was the premier exchange which launched foreign currency trading. He then had the privilege of working with George Lane, the innovator of the stochastic indicator.
John has worked his way throughout the industry as a independent Trader, Broker, Analyst and Branch Manager for one of Chicago's largest discount / full service firms under the direct supervision of a former Chairman of the Chicago Board of Trade. He is the former owner and President of First National Futures Group, Inc. and is continuing his work as a registered Commodity Trading Advisor.
John has shared his wealth of knowledge in the field of technical analysis, his trading style and system development and has taught thousand of traders including members of the largest exchanges. He is the author of three nationally and internationally popular trading books as well as two trading courses and a DVD seminar series.
The Nations most respected business journalists call John Person for his market opinions. He is widely quoted by CBS Market Watch, Reuters, Dow Jones Newswires, and appears regularly on CNBC as well. He is a sought after speaker for many professional organizations such as the Market Technicians Association (MTA ) , the International Federation of Technical Analyst Society (IFTA) and delivers Keynote Speeches and Seminars at some of the Countries Top National Investment Expos.
John Person author of The Complete Guide to Technical Analysis for the Futures Markets, by John Wiley and Sons was the first ever to introduce traders to a powerful combination of candlesticks and pivot point analysis.
His second book, took traders to an entirely different level. In his book Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets, he included a pivot point calculator, instructional videos and exact rules for entries and exits on trades.
In his third book, Forex Conquered: High Probability Systems and Strategies for Active Traders, again by John Wiley Publishers, he broke ground for currency traders in that he included many forms of FX vehicles, trading styles and how one can integrate technical analysis fro entries and exits and objectives. He also shares a trading system with the codes for Genesis and tradestation users.
John has completed two amazing trading courses, the first is "Trading Triggers - The Secrets to Profitable Trading" and a four hour special FOREX trading course available for purchase on our website and his latest DVD course. In 1998, he developed his own proprietary trading system and began publishing "The Bottom-Line Financial and Futures Newsletter", a weekly commodity publication that incorporates fundamental developments as well as technical analysis that includes the data from his trading system, using pivot points combined with candlesticks. In addition, John Person provides his clients with daily, weekly and monthly research including his daily, weekly and monthly numbers as well as the Daily Dow Jones Report posted on our web site in the Research and Analysis section of our website.
John has created and launched FX Pro-Trigger system with one goal in mind: to provide investors with the ability to achieve a diversified investment portfolio based on a time tested trading plan, which is fully automated, so that it can capture trading signals in order for active traders with the proper risk capital to achieve their investment goals without monitoring the foreign exchange markets around the clock, 24 hours a day five days a week.
John's thorough understanding of the futures industry makes him qualified to offer his clients a balanced perspective of the trading industry. In addition, the personal contacts he has developed around the world and in the financial industry have been instrumental in helping him gain an edge on information pertaining to the markets

Customer Reviews

Most Helpful Customer Reviews

37 of 38 people found the following review helpful:

3.0 out of 5 stars Well written but didn't help me, November 29, 2007

By 

AK (Kentucky) - See all my reviews

This review is from: Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets (Hardcover)

I am always looking for for a new angle in my day trading strategies. I do some technical analysis (TC2000) and do my program trading thru Tradestation. I like to run my ideas thru Tradestation to look for useful indicators and signals. I hadn't studied pivot points too much and felt this book would bring me "up to speed" on this subject. I ran many different variations of pivot points and support resistance levels. Although the book is clearly written and the author presents the material well, I didn't extract anything useful out of it.

Perhaps FOREX traders have better luck with pivot points than I did with the stock market. I saw no correlation in the stocks I trade in regards to pivot points, support, resistance, fibonacci levels, etc. After years of computer trading systems, I have concluded that the market is a random event and market psychology just can't be programmed.

[...]

I reread the book very thoroughly and figured out what the author was preaching. As a stock trader, his pivot point analysis and trading techniques are working very well. I was not applying his methods correctly the first time I read the book and now I get it... It is definitely increasing my successful trade probabilities. 5 STARS.. I am going to order his new DVD and see if I can refine the process even more.

35 of 37 people found the following review helpful:

4.0 out of 5 stars Introduction to trading using simple system., January 18, 2007

By 

Jerzy Zakrzewski (Oakville, Ont, Canada) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets (Hardcover)

Before you read this book I would highly recommend reading any other with candlestick being the primary subject. "High Profit Candlestick Patterns" or "Profitable Candlestick Investing" - both by Stephen W. Bigalow or one of Steve Nison books. The more you know about candlesticks patterns and emotions behind them the better trading decisions you might be reaching.
Person's book is one of the very few explaining pivot point - very useful tool indeed. Using high closing and low closing doji with pivot point will not make you a perfect trader, but will allow to avoid disasters being to hasty (or too greedy ) in your decisions. Bottom line of any trading is discipline - and this book is trying to teach this showing how to develop and use very simple system.
CD provides nice overview of everything covered in the book plus pivot calculator. If you need one a bit more sophisticated, you can find it on [...].
Trading is about making money. Keeping things simple will make you a better trader and this book will help you in that.

22 of 25 people found the following review helpful:

5.0 out of 5 stars A Must Read for Every Trader!, November 29, 2006

By 

Todd Langton (Santa Rosa, CA) - See all my reviews
(REAL NAME)   

This review is from: Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets (Hardcover)

John Person's first book, A Complete Guide to Technical Trading Tactics, is a must read for any trader. When I heard his new book, Candlestick and Pivot Point Trading Triggers was published I couldn't wait to get my hands on it. This book exceeded my high expectations! I now have a much better understanding of how to use triggers, set-ups and stops combined with candlesticks, pivots and the moving average approach. I not only have a stronger grasp on candlesticks and pivot points but now I can go way beyond and use Person's proven methods, techniques and formulas in my own trading plan. If you are a trader you need to study and implement the knowledge from this great book.