Customer Reviews

Trading in Choppy Markets: Breakthrough Techniques for Exploiting Non-Trending Markets

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

 

 

The previous review gave this book one star and used as a reason the mistaken statement that the author's win/loss ratio on simulated silver contracts was 46/54. For those of you who KNOW what these numbers mean (active traders, most likely) you know that this means 46 OUT OF 54 trades were profitable. In my book this turns out to be 85%. Try doing THAT with a coin-flip.

In my opinion Robert M. Barnes is one of the most insightful traders/authors in the business. His systems, analysis and technical know-how are matched by very few. This is yet another very succinct, well-written, and technically informed book by the author. Anyone interested in serious short-term, high-profit trading would do well to have this manual in their arsenal.

Barnes does have some interesting ideas, but if you have Tradestation or similar, test everything! I found one system badly fudged -- it looks good only if you use the exact data used in the test. Go earlier or later and the system looks pretty bad. I am suspicious and in any case if you have to go over everything in a book to verify it, it's too much work.

Odds like Robert is quoting for this trade method, I could do better flipping a coin. You can too. Go ahead try flipping a coin 100 times, see whate the results are. Better yet, if you have a computer, excell, lotus, or whatever spreadsheet, use the randomn number generator.