Five Star Futures Trades: The Premier System for Trading the Biggest Market Moves [Hardcover]

Colin Alexander (Author)

Book Description

Publication Date: April 1, 1998

The perfect book for any trader going after the big moves!

Product Details

• Hardcover: 171 pages
• Publisher: Windsor Books; First Edition edition (April 1, 1998)
• Language: English
• ISBN-10: 0930233581
• ISBN-13: 978-0930233587
• Product Dimensions: 11.3 x 8.7 x 0.7 inches
• Shipping Weight: 1.8 pounds (View shipping rates and policies)
• Average Customer Review: 3.0 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #2,451,428 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

7 of 7 people found the following review helpful:

3.0 out of 5 stars Fair: Reader should be familiar with basic market indicators, January 22, 1999

By A Customer

This review is from: Five Star Futures Trades: The Premier System for Trading the Biggest Market Moves (Hardcover)

This books promotes search of futures trades with "elephant" moves, whether trending or in rapidly moving markets. This is not for day traders. Using the systems in this book, one would only be seeking a few trades per year (similar to Ken Robert's methods). Be prepared to do a lot of homework, filling out forms, etc. to search for trades. Also, to properly follow his system, be prepared to invest in software (i.e., METASTOCK, etc.) and at least an EOD futures data service (book recommends real-time futures data). If you don't want to do the homework, the author's company apparently provides a hotline for current updates.

6 of 6 people found the following review helpful:

5.0 out of 5 stars Five Star Futures Trades, February 15, 2001

By A Customer

This review is from: Five Star Futures Trades: The Premier System for Trading the Biggest Market Moves (Hardcover)

This book helped me in several aspects. 1. It helped keep me from over trading (my weakness) 2. It helped me to determine if a move counter to trend was likely to succeed or fail. 3. It has helped my profitability. Yes there are only a few major turns every year, but Alexander also discusses "how to enter a rapidly moving market." This adds to the number of trades one can do with this "system." Other reviews are correct, it is not for the day trader. I did have to read it three or four times and marked it up pretty good. I have three different software programs and found the things from the book could be programmed into Metastock Explorers and Advisors (my lower end software) with some, but not too much, effort.

6 of 6 people found the following review helpful:

2.0 out of 5 stars Too Complex, January 25, 2000

By A Customer

This review is from: Five Star Futures Trades: The Premier System for Trading the Biggest Market Moves (Hardcover)

In all honesty, I didn't try the system or even try to test it. The entry consists of a checklist of 24 chart-based technical indicators or conditions for both weekly and daily prices-- thus 48 items in all. These are explained, sometimes clearly and sometimes vaguely in 19 chapters. Altogether, it is one of the most complex systems ever published. Though it may or may not work, its "kitchen sink" approach makes it too complex to understand well, and if there is one requirement for a good trading system, it is that the trader should be able to comprehend what he is doing and why at all times. If it starts to fail, you will never know why. While each of the technical methods presented is sound, Alexander's use of all of them at once makes for a mess rather than a good system.