Customer Reviews

Detecting High Profit Day Trades in the Futures Markets: Using Zone Pattern Probability Analysis

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Extensive statistics on support/resistance and probability of break thoughs are given for a ten year period. The good news is that it is accurate for the commodity that I checked out (lean hogs, they're were called live hogs back then), Unfortunately, the number of occurances is not given in the book. The author suggests taking a position on something that has has happened less than ten times in the last decade. Some occurances at the extreme of his price zones have happenned only once. For instance a 1 and 6 signal will have a 100% chance of doing something. No mention is given that population size is ONE! His theories of zones are interesting, and maybe this book will spur some reader to buiild on this theorey. But not this one......

DETECTING HIGH PROFIT DAY TRADES IN THE FUTURES MARKET by J.T. JACKSON............we use it for entry when have five or 8day signal,or pivot ......its a simple book,but the lookups are worth it..........it projects probable price action for the day,using back data......amazing that it still works ,but it does

.... this book is filled with lots of white space, blank pages and mostly useless information. It's a very quick read, and has some limited trading appeal. The logic is very similar to market profile and daytraders' pivot numbers. Price seeks to reach a middle ground "pivot" - shaped like a bell curve, with the most activity in the middle and least on the extreme ends. This book throws a whole bunch of stats of percentages of what happened when in particular ranges. This is similar to market profile, with a vague theory of generalities, and requires you to work with wide stops within zones. Market profile and floor pivot number traders may find this book useful in linking together a method , but overall .. this book isn't worth buying.

This book presents supposed statistical analysis of prices hitting, supporting or resisting intraday, depending on the previous day closing price and opening price based on pivot levels.

Some of the percentages present apparently good trading opportunites. However, there are six zones and hence 6 close x 6 open price combinations and the six levels which price the can hit during the day. You can get an idea as to how many permutations (trading setups) there are.

Although this is supposed to be a statistical analysis, with nice percentage numbers, the data would be more attractive if the P values and the n were included. Basically you will have to backtest each combination to verify the worth of the percentages for each promising setup.

Pecentages also vary quite a bit between different markets although some nice correlations do exist.

The book presents a lot lot more numbers than most books and therefore deserves appropriate credit. Some of the better stats can be tested in simple backtesting programs.

Would be more reasonably valued at a lower price than the listed retail.