Product Details

• Amazon Sales Rank: #1044365 in Books
• Published on: 1990-08
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 288 pages

Customer Reviews

A helpful tool in the hands of a patient trader
This author is one of the few that have touched upon one of the most fundamental and universal properties of almost any market. Whether your games is futures or equities, look at any chart and you will see periods of little price activity alternating with periods of greater price movement. This is the crux of this book. Markets invariably move from stages of expansion, to contraction, and back to expansion, etc. Several other price patterns and technical analysis approaches are tested as well. However, after reading this book, you will no longer be one of those who try to "get in" on a runaway bull or bear market - only to have it turn right around on you as if it knew you were coming, but rather, you will be one of the ones who are ready when an otherwise "dead" market takes everyone else by surprise.

Presents Unique Ideas Not Seen In Other Books
Toby Crabel has written a great book. The patterns he discusses are great for swing trading and day trading. You will learn about narrow range days, inside days, bull hooks, bear hooks and so on. These patterns can easily be translated into most commercial trading software. This is one of the few books I like. Even if you decide not to trade these patterns they can still be helpful in predicting market behavior. Please do not think that Mr.Crabel discusses double tops and double bottoms, head and shoulders and all that other garbage. However, you will find very unique ideas that you probably never considered. I find it very interesting that the least reviewed trading books on this website are often the best ones.

Unique and Innovative
What the readers here say is true. I bought a used copy for about 1100 a few years back and was well worth it. An absolute tour-de-force of ideas and studies that are in use by Toby Crabel himself (he runs a hedge fund). The primary method he uses (ORB) is actually used by the majority of Hedge Funds today. I do reccomend that the reader check other auction sites for better deals.