Precision Trading With Stevenson Price and Time Targets [Illustrated] [Paperback]

John R. Stevenson (Author)

Book Description

Publication Date: October 2004

On May 27, 2003, General Electric shares closed at $27.42. The simple method revealed in this extraordinary book projected on that day that a high of $31.66 would be achieved on June 17th. 3 weeks later, on June 17th, as projected, GE reached an intraday high of $31.66. This high marked an important intermediate turning point which was not exceeded for months. This method may be applied to ANY active market, whether stocks, futures, or indices, in ANY time frame. Imagine the value of having the knowledge of how to make similar projections of price and time targets in the markets you trade! Publisher's note: The material in this book should be construed strictly as a trading "tool" and not as a standalone method. Combined with your existing methodology, it can add a valuable new dimension to your trading acumen and expertise.

Product Details

• Paperback: 60 pages
• Publisher: Traders Press (October 2004)
• Language: English
• ISBN-10: 0934380945
• ISBN-13: 978-0934380942
• Product Dimensions: 10.6 x 8.3 x 0.4 inches
• Shipping Weight: 8 ounces
• Average Customer Review: 3.4 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #1,379,006 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

14 of 17 people found the following review helpful:

1.0 out of 5 stars Not Worth The Shipping Charges Let Alone $75.00, March 11, 2007

By 

David Rankin (Ashland, Ky. United States) - See all my reviews
(REAL NAME)   

This review is from: Precision Trading With Stevenson Price and Time Targets (Paperback)

This trading system is simply a modification of the Rate Of Change (ROC) Oscillator. The difference is that ROC uses 2 closing prices a set number of periods back to determine momentum, while this trading system uses 2 lowest lows separated by a highest high called a regular cycle or in the alternate 2 highest highs separated by a lowest low, called an inverse cycle. The object is to project the next highest high ( or lowest low) through applying the rate of change for the total number of periods between the 2 highest highs or lowest lows. The premise of the book is that the ROC will remain constant for the set number of periods of the previous cycle or inverse cycle as the case may be. If it doesn't then you supposedly have reversal. However the price projection system often is inaccurate and ignores that when price is trending a momentum is lost that price usually resolves in the current direction of the trend.

2 of 2 people found the following review helpful:

5.0 out of 5 stars A Diamond in the Rough, October 26, 2008

By 

steven s. pepper - See all my reviews

This review is from: Precision Trading With Stevenson Price and Time Targets (Paperback)

If you have happened upon this book (not even stocked by Amazon), consider yourself to be fortunate. I have purchased over 60 books on trading and only review those that I consider to be exceptional. This one certainly falls within that category. If you trade, you have probably found that having targets typically leads to better profits (about 80% of the time)and less risk than using a trailing stop. However, I have experimented with various targets like Fibonacci extensions and channel extremes, but have been less than satisfied. This book's approach to selecting targets is very simple and intuitive, providing precise rules that are frequently quite accurate. Unlike some of the other reviewers, I have never encountered this approach to selecting targets in any other book, CD or webinar I have attended. Precision Trading was highly recommended in an online chat room populated by experienced day traders who focus on price action. I was able to purchase an autographed copy directly from the author. I realize that the price of $49 might seem a little high for a 60 page book and could keep some people from buying it. That is okay with me, maybe I should have kept this little trading gem to myself anyway!

5.0 out of 5 stars helps your trading, September 7, 2008

By 

Todd P. Horton - See all my reviews
(REAL NAME)   

This review is from: Precision Trading With Stevenson Price and Time Targets (Paperback)

short book with examples that shows how to do measured moves on stock or futures charts on any time frame. Clear illustrations. I use the info every day. Excellent for the beginners bookshelf, an experienced trader can understand the info just by reading someone else's book.