Average Reviews:
(More customer reviews)This is the second edition of the book, that seems to incorporate complementary ideas to the first edition.
I really liked it, since it gives very detailed explanation of how anticipating where the market may react in your favor and positioning there before price hits that price, can give you an edge of entering with a small risk, that is part of a good capital preservation defensive plan of trading. I bought the book since I use that kind of trading and also I was able to view inside the book and noticed that it uses very few technical indicators, which are late in giving you signals and expose you to bigger loses than if you anticipate price turns with very tight stop loss.
By the way, in order to enjoy the book, you can go to his website and there you will find all the charts of the book, something that I discovered early when I read the last pages and noticed that.
The author uses a couple of indicators that he sells for a very low price in his website also, but they work only for Tradestation. One of the indicators is based on price, to give you an idea of overbought and oversold conditions. The other is related to the use of market internals and how he interprets that information to determine if the market is trending or ranging. In my opinion, if you have access to market internals, it is not necessary to use this indicator, once you understand the concept of what he does, but as an Engineer that he is, he has devised a clever way to let the chart tell you what condition the market is, without major doubt.
The author has made a big effort to explain with great detail his price patterns and setups, but it will take some time to digest all the information contained in the book, that for me is the book I would have liked to have available in my early years of looking for the Holy Grail, since I started as most.. using technical indicators to evolve now to use none and base my trading in anticipating levels of reaction and watching how the market behaves there.
It is a good book, once you clean your charts and start looking for what he teaches, you will start finding low risk points of entry in your charts, with the potential of catching some runners.
Click Here to see more reviews about: The Very Latest E-Mini Trading, 2nd Edition: Using Market Anticipation to Trade Electronic Futures
The 2nd Edition of a popular E-mini futures trading text incorporating the latest tools and techniques: Market Profile Theory; Market Internals; Price Level Determination; Technical Indicators; and Time-of-Day Patterns. In-depth and specific descriptions of how to trade the electronic futures markets using the idea of Market Anticipation. A thorough chapter on trade management, including expected value calculations of scale-in/out strategies.Over 150 charts and graphs. A special background section covering stocks, stock options, futures and futures options, all leading to trading the fascinating E-mini futures contract.The 2nd Edition adds over 100 pages of new material: Price patterns; statistical indicators; new order entry types; additional Market Profile trades; and more trade examples and charts.All-in-all, an inexpensive, efficient and expert introduction to the fascinating enterprise of E-mini trading.1ST EDITION REVIEWS:"An excellent primer for the beginning trader and good insights for more experienced traders.""The contents have too much good information for a "once read" by mere mortals. It serves best as a future reference for aspiring daytraders who are up against many of the brightest minds on the planet. About 90% of my investment books are in the attic. This one will remain close by.""Trading books and trading software is frequently sold at top dollar figures. This was not. It gives the impression of a desire to impart what works rather than to dazzle with too much information and detail. He has combined in easy to grasp format a few key factors that seems to distill much research and trial and error.""This inexpensive book has many nuggets of wisdom. There are many approaches to day-trading the mini futures, and this book touches on several, including opening range breakouts, trend days vs non-trending days, time-of-day patterns, pivot point trades, MACD divergence trades, and inter-market divergence trades."
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