Customer Reviews

Trident: A Trading Strategy

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The concept behind Trident is great. Mr. Lindsay deserves proper recognition of his work. But while his ideas are great, his capacity to express them leaves you wishing for better clarity, and further elucidation. Initially, as we board the subject, we are presented with the study of three points, P1, P2, and P3. So far, so good. But the foundation of my point comes when we are faced with the study of previous points to the well defined P1, P2, and P3. Here, as we are introduced to the use of a previous point to the P set, that new point is being referenced as P1, and the subsequent points as P2 and P3. So, now the new point is P1, what used to be P1 is now P2, and the old P2 becomes P3. And, as if this would not be confusing enough, still, a preceeding point is brought to the study of the Trident system. And guess what? ... well, you guessed right ... that new point is referenced as P1, and the subsequent two, P2 and P3 ... Five points ... three names ... it just becomes hard to follow Mr. Lindsay's technique ... I have rewritten his formulas in my book, assigning the names P0 and P-1 to those two points that are later introduced in the study ... not without the frustration, the hardship, and the affliction that become an additional cost to understand this great concept ... and I haven't tackled the Bs yet ... Mr. Lindsay overly compensates his lack in communications skills with the gift of his brilliance ... the book would have been worth well over $500, if an expert in the field would have imparted clarity to such plain, simple, and brilliant concept ...

As a newcomer to trading, I quickly became engrossed in this book. The first five chapters are readily understood, and describe a logical, mechanical trading system, which appears to be based on W.D. Gann's trading principles. The system as such proves to be a profitable trading tool, but the final chapter, which shows promise of being the icing on the cake, is intangible and not easily understood. This is very frustrating for, although I have read the entire book several times, the essence of that final chapter still eludes me. The appendix speaks of further Trident developments in the future, but to my knowledge, Charles L. Lindsay has written nothing further on the subject, sadly.

draw two more trend lines. One equidistant above and one equidistant below the first trend line, either buy or sell when the price crosses the one of the two outside trend lines............the trident strategy.

I think I have digested this book at last. It is really a good approach for trading futures and commodities. would like to discuss the strategy with the other users.