Technical Traders Guide to Computer Analysis of the Futures Markets [Hardcover]

Charles Lebeau (Author), David Lucas (Author)

Book Description

ISBN-10: 1556234686 | ISBN-13: 978-1556234682 | Publication Date: December 1, 1991 | Edition: 1

With the low cost of modern computer hardware and software combined with the communication of price data via satellite, a new and rapidly expanding market of traders using computers has developed. This essential book bridges the gap between the basic instruction that comes with software programs and what a trader actually needs to know to develop and text profitable futures trading system. With specific information on how to set up and use computer-generated technical studies of the most popular indicators, the book includes: How to build a trading system tailored to the reader's specific need; Practical instruction on how to display and analyze technical information; Advice for developing well disciplined money management and risk control strategies; techniques for monitoring a trading system to detect if something has gone wrong before major losses occur.

Editorial Reviews

About the Author

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

Product Details

• Hardcover: 312 pages
• Publisher: McGraw-Hill; 1 edition (December 1, 1991)
• Language: English
• ISBN-10: 1556234686
• ISBN-13: 978-1556234682
• Product Dimensions: 11.4 x 8.9 x 0.9 inches
• Shipping Weight: 2.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.4 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #576,109 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

35 of 38 people found the following review helpful:

4.0 out of 5 stars Excellent Book, July 18, 2002

By A Customer

This review is from: Technical Traders Guide to Computer Analysis of the Futures Markets (Hardcover)

This book gets a 4 stars rating because of its expensive price (the book is only 220 pages and full of empty spaces). But, price is always subjective. You may treat it as the cost of your education.

Anyway, what makes this book so very valuable is the fact that it is easy to read, clear, definitive, and yes it has so many valuable information on what parameters to use for each indicator. How many of you left confused on what parameters should be used? This book will definitely clear away the clouds in your mind.

LeBeau has done extensive research on indicators such as ADX and his insights on other popular indicators are extremely valuable.

The title may be slightly misleading because bulk of the contents is explaining each technical indicator (120 pages), while only 45 pages on explaining how to build a trading system. Yet, it is clear and concise.

The final Chapter is also valuable. It deals with 12 Day Trading systems that the author has selectively chosen out of all day trading ideas he has or has received from other great traders.

17 of 18 people found the following review helpful:

4.0 out of 5 stars Many concrete tips, August 24, 2001

By 

Robert Goodman (NY, USA) - See all my reviews

This review is from: Technical Traders Guide to Computer Analysis of the Futures Markets (Hardcover)

I only discoverd this pretty old book recently. I am suprised to find there are quite a lot of trading tips. What make this book stands out of the crowd is the tips were very concrete and practical. The discussions about exit and stop loss are parcticular good. Many other books just said cut the loses quick. How quick? When? This book gives you some hints. The authors also give some tricks in using indicators which I hope I could know earlier.

10 of 10 people found the following review helpful:

5.0 out of 5 stars A great reference guide every trader and investor, March 13, 2009

By 

Positive Logic (L.A.) - See all my reviews

This review is from: Technical Traders Guide to Computer Analysis of the Futures Markets (Hardcover)

I ran across my old copy of Chuck LeBeau's comprehensive guide on tools and indicators that are used to analyze the markets. As I thumbed through this book I was struck by how relevant all of Chuck's work is to today's active trader and investor crowd. So much of what Chuck talks about is still in use today. In fact, even though he wrote the book for Futures traders, those who trade stocks, options and even Forex will find this work to be highly useful. I believe some of it may evolved into Chuck's current project as head of research for Smartstops.net. If you want to find out what indicators are out there and how to use them in order to gain an edge, I highly recommend this book. Most importantly, you'll be able to sift through hundreds of indicators that are, by default, installed on every trading platform and identify just the small handful that will make a difference in your trading or investing.