Customer Reviews

The Trading Rule That Can Make You Rich

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

 

 

Mr. Dobson's book gives practical advice on how to enter commodity or stock market positions using one of the simplest and perhaps most reliable tactics: buying or selling 50 percent retracements of major moves. If you believe that the simplest solutions are often the most effective, this book will delight you. It gives a step-by-step system for using the retracement rule to make profitable trades. If your are sometimes overwhelmed by myriad technical market indicators, implementing this simple approach can help cut through the fog of conflicting technical data.

Beginning traders can save themselves a lot of time and grief by reading this book before they start.

I sort of agree with the other reviewer who said they could have just found out about the rule online ... but I like this book because it provides context: it gives historical charts and provides additional useful materials.

the 50% rule is known for years and was first introduced by Gann
the book brings exact details how to use this rule in real trade
and I loved the ideas presented.

The book has a lot of good ideas. My copy was in great shape and received promptly.

The quality of book both in content and presentation is low. The writer introduces his recommended technique and then explains some of his experiences and some historical view but without even trying to reason why it happens what happens or to generalize it - what the reader learns is just an opinion that could be heard anywhere from anyone without any sensible support for it. The presentation is also very low quality. It is more like the book is a photocopy of a hand script or something. Bottom line, doesn't worth a penny.

The whole book talk about just one rule, But the rule is very very important to trading and works in all markets. Sad thing is i could of found out the rule just by doing a lil searching online.