Customer Reviews

How I Tripled My Money In the Futures Market: Winner of the 1992 Robbins System Trading Championship Shares His Secrets

5 star:		(0)
4 star:		(1)
3 star:		(1)
2 star:		(0)
1 star:		(2)

 

 

Unless you're a computer programmer, this book will be of little use to the commodities trader. I felt the book is inherently dishonest, as the book doesn't warn you a computer is absolutely necessary in order to make use of the ideas and programs within. If computers are up your alley and expertise, perhaps you will find the book worthwhile - although more probably you will not

Jensen has described mathematical methods for measuring, and then for predicting, changes in price momentum. This book is not light reading, but the effort invested leads to a method for computer-generated signals which predict when a price series will reverse. This concept can be a powerful tool, with signals which are leading or coincident to turns. Although Jensen deals with other aspects of trading, this is in no way a book for beginners. For the serious student of the market, it is more than worth the trouble.

The book's indicators are not for the mathmatically challenged, written for Tradestation. That is the majority of the book - BUT, the systems used to win the trading championship were very simple and basic. Not these complex formulas. Looking at the equity curve and his spotlighted trades, it looks like he got lucky, catching the right 2 markets and 3 - 5 trades that made the contest for him.

The sections on setting up your screens and computer are obviously very out of date. Nothing special here, you're not missing anything.

it's not great either. I thought it was better than the other "1 star" reviewers. I believe I enjoyed it better because I had no expectation for this book to really teach me anything spectacular.

His work is not too complex, it's just that he presents so many indicators, and then combines them. I thought his use of Kurtosis was interesting and some of his ideas are worth further research if it complements your current work. If you've already devoured your favorite books and are looking to increase your stock in short-term trading ideas, it would be worth a read.

I have to agree with the other reviewer who said that his success in theRobbins Championship came from just a few profitably outlying trades.

Wait to buy it used for ... less.