Customer Reviews

Magic of Moving Averages

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

 

 

I think the reason this book has been ripped by the other reviewers is,,because its TOO EASY! People make trading alot harder than it needs to be, so when they are presented an EASY trading system they say, "No freaking way is it THAT easy!" But it is just THIS EASY!!! The problem isnt the system, the problem is when people put up HARD EARNED MONEY and begin trading,,they become VERY EMOTIONAL, thats the toughest part of trading..emotions FEAR AND GREED!!!!!

The author actually GIVES us a moving average system in this book,,,, isnt just a simple crossover method, the author presents a filter that really makes this system click.

If you are someone who has the emotional makeup to trade a moving average system,,,this is the best one i have seen.

The book is loaded with examples on how the system works, the book has around 40 pages of text explaining the system and the rest of the book is chart examples.

I love this moving average system cuz it takes my EMOTIONS out of my trading,,simply put, "When this and this happens,,IM IN! When this and happens,,IM OUT!!!!" Ya dont need to follow any news,,or thumb through endless earnings estimates,,ya just make the trade.

This is simply THE BEST Moving Average System i have seen, buy it!

If you want know about general use or MAs, run away from this book. I'm still looking for a good one, but definetly this one is the worse.

It gives some good clues about using MA, specially for trading futures, but nothing say on stocks.

The pattern suggested by the author is based only in his intuition and experience, but not in any structured theory.

I bought this book thinking it might be about the general use of moving averages for trading. It is not. The author describes a single setup opportunity which he describes as happening very rarely. This book could be of some help to people who trade multiple markets using daily charts. To those who trade only one or a few markets this is not for you. I am not going to say this doesn`t work, but most traders I believe would be disapointed with the book, due to its very narrow scope.

I'm sure it is almost holy grail and perfect. I've found a lot of profitable patterns he described in his book. I regret that I have not read this book before. His trading systems or patterns are alive in any market we can grasp. I recommend his book as the magic tool in trading market. Again, Strongly recommend!

If you are looking for a leading edge indicator this might not be your best bet....

Moving averages are lagging indicators and by the time you get into some of the moves you are getting in after a lot of people are already in making it a high risk proposition.

Also remember that moving averages do not work well in sideways markets as they can whip-saw you a lot. This is definetively not suited for daytraders or for stock traders as it focuses on futures only. Most charts show ideal conditions and all charts dated 1995-1997. Markets have become more electronic based and have changed a lot since then....

Overall, I think the author shows some interesting set-ups but a lot of them are already well known to professional traders who might trade
against this type of position.

This is not holy grail....

Actually I like this trading system, coz it was very simple, by just using 3 moving averages.

Problem is, the author didn't show exactly how to define the trend. Many times, I got trouble to know what was the trend of the weekly chart. May be the author assumed that all reader will be understand his thinking.

I wish he could re-published this book by applying the 'dummies' way.

It's just another system book and I've read most of them.
There is no system to beat the market. If there were the market wouldn't work.

If you'r just getting started in stock trading and want to read some systems then go ahead and read it but don't expect to find the magic bullet that will make you Warren Buffet.

In any case if someone really knew how to beat the market do you think
they would sell the goose that lays the golden egg?