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Dynamic Trading: Dynamic Concepts in Time, Price & Pattern Analysis With Practical Strategies for Traders & Investors Dynamic Trading is perhaps the best work available on the use of Elliott Wave and Gann approaches. Not only are the layout and examples clear and easy to follow, but their real-world application is extensively covered. Robert Miner has produced a seminal work in the practical use of Elliott Wave -- no easy task. Miner clears the decks early by acknowledging that Elliott's "wave counts" work about 50% of the time. Thus, he does not resort to vague, exceptional wave counts and other fudging factors in an attempt to justify the Master's infallibility. As a professional trader of almost 20 years, I attempted in the past to apply Elliott wave to daily and intraday trading and failed. I discounted Elliott principally due to the presentation by Elliot academicians. I get the sense that most authors attempting to explain Elliott and Gann are theorists only and either do not want you to be able to trade using their interpretations or, in fact, are not traders. Miner has clearly been in the trenches, and his book makes the approach accessible. ___________________________________________________________ High Probability Trading Strategies: Entry to Exit Tactics for the Forex, Futures, and Stock Markets (Wiley Trading) Miner is one of the few trading authors that seem to have some practical, successful trading experience. His book offers a complete trading plan from identifying the high probability trade setups for any market and any time frame right through the exit strategy. High Probability Trading Strategies is not the typical compendium of the old tried and true indicators and Fib retracements but a logical and practical approach to high probability trades with small capital exposure. His Multiple Time Frame Momentum strategy is brilliant in its simplicity and execution. The Beyond Fib Retracements chapter shows a couple of unique strategies that help you to identify in advance which retracement level should be support or resistance. He also explains in a logical and practical way how to use simple pattern and timing strategies to identify the targets for trend reversal. Miner focuses on exit strategies as much as entry setups for a complete trading plan from entry to exit, just as the title describes. Especially valuable is the video CD that is included with the book. I've had several trading books that included a CD but most of the CD material did not complement the book, let alone appear to be professionally produced. The 2 hour video CD with High Probability Trading Strategies is a valuable complement to the book material as Miner goes through several trade examples bar-by-bar. I think any trader will be very pleased with what they learn from High Probability Trading Strategies. - NYC Trader, source: amazon.com ___________________________________________________________ Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology (Wiley Trading) Enhancing Trader Performance is primarily about developing trading expertise. As someone who has spent his fair share of time teaching and coaching on a variety of levels and in different theaters of pursuit, some of which were extremely competitive and performance oriented, I was immediately grabbed by Brett's presentation. And it never let me go - literally pages of notes later. This book may not be for everyone. It clearly has a bias which leans more toward the full-time and/or short-term trader than someone who traders longer-term and/or on a more part-time basis. This is a natural function of Brett's work helping professional traders with their development and to overcome performance hurdles, along with his own personal efforts in the market, which are short-term in nature as well. That said, there is still a ton of extremely useful material for any trader, new or experienced. Enhancing Trader Performance provides a sort of roadmap toward developing trading expertise. This isn't about the mental part of actually making trades and managing positions. Rather it is more a discussion of how one becomes more than just a competent trader. Coaching is a major theme, with Brett clearly being a proponent of traders having coaches who can assist them in their development similar to the way they would an athlete. I personally tend to disagree with the way he uses "coach" and "mentor" interchangably as I consider the two to be different, but that does not detract from the overall message. Importantly, since it can be difficult for the individual trader to get in to a good coaching relationship, Brett shares plenty of tips and advice for how a trader can be their own coach. In short, read this book if it is at all your objective to excel at trading. More than that, take your time and really absorb it. Read it once, then read it again. I know I will. - John Forman, source: amazon.com ___________________________________________________________ Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude If you are like most people, after your first few losing trades you set about to learn better market analysis. After your next string of losers you learned about risk management. But there's still one more challenge to conquer; yourself. That is the major premise of this book. If it sounds like wishy-washy psycho-babble to you, I'll only say that I would have agreed -- four months ago, before I quit my 20-year technology career, obtained a Series/7 license and joined a professional day-trading firm. I now believe most people would lose money if you gave them 50/50 odds on whether or not it was going to rain tomorrow.  In other words, successfully forecasting the market is not enough. Why not? Well, this book explains why not. It has to do with one's sense of self-worth, one's moral judgment of money, one's work-ethic, one's tendency to focus on good news while ignoring bad, and other things.  "Zone" was recommended to a friend of mine by a professional floor trader who told him, "I wish I had read it before starting two years ago. Don't place another trade until you do." Well said. Does this apply to investors as well as traders? Oh, absolutely! If you have ever said to yourself, "I'm not selling that stock while it's down, I'll wait until I have a profit in it," then for the love of money, read this book.  Finally, read "Zone" before Douglas' earlier work. If you still want more then read "Disciplined Trader" for a general review plus a deeper exploration into the author's philosophical and meta-physical theories. - Peter B. Nelson, source: amazon.com ___________________________________________________________ Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups (McGraw-Hill Traders Edge Series) Trading books, they're a dime a dozen. If only their cover prices reflected that reality. Mastering The Trade, by John F. Carter, Published by Mcgraw-Hill Trader's Edge is an example of the exception that proves the rule. Carter, who is a CTA, trader, writer and trading educator, effectively communicates his strategies, methods and insights in this 400 page book. The book is divided into Three parts: In Part One, Carter explains hardware requirements, market mechanics, general market theory, trading psychology and finally, the all-important subject of interpretation of market internals. Begining traders will find all of these sections to be of value. While even experienced traders will greatly benefit from Carter's discussions of trading psychology and market internals. Part Two examines Carter's specific set-ups for futures, equities, forex and options. Clear directions coupled with informative diagrams leave little question as to how he trades his set-ups. Carter coveys the reasons he pulls the trigger, and perhaps more importantly, the reasons he may let a set-up pass. Part Three covers preparation for the trading day, creating and executing a trading business plan, thoughts on how to fine tune your trading and even a self-evaluation tool helping traders to hone in on the best markets to trade for their own personalities. This trader/reviewer wishes that he had the knowledge that Carter imparts regarding reading and interpretation of market internals when he began trading. Carter lucidly explains use of the Tick, the Trin, the TICKI the Premium and other indicators which allow the trader to interpret the health of the market, and make decisions based on fact rather than feeling. Carter's set-ups are simple and effective when evaluated in the context of market internals which he explains clearly. Finally, the author's advice on market psychology is sterling. This book covers new ground, offering both new and experienced traders the opportunity to add effective weapons to their informational arsenals that can help them win in their daily assaults on the market. - G.R. Manson, source: amazon.com ___________________________________________________________ Trade What You See: How To Profit from Pattern Recognition (Wiley Trading) "Trade What You See" is an excellent guide to help traders filter through market volatility and media hype. Jouflas' and Pesavento's latest offering is a concise overview of how to look at the markets and identify high probability, low risk trade opportunities. From Fibonacci ratios, AB=CD patterns, to trade management and trading plan, any trader can supplement their own trading style with the basic trade guidelines outlined in this book. As another review of this book has pointed out, the section "Learning to Recognize Trend Days" is very valuable. This section can be helpful to any trader to take advantage of trend day opportunities. The section is invaluable for countertrend traders who have not yet developed a strategy to recognize and trade trend days. At the very least, simply identifying a trend day can keep a countertrend trader from getting caught in low probability trade situations. Jouflas takes you through multiple steps of a trend day enabling a trader to more easily assess what is happening. - S.Hogan, source: amazon.com ___________________________________________________________ Japanese Candlestick Charting Techniques, Second Edition If you have heard of candlesticks but know nothing about them, look no further, this is THE book for you. In beautiful form and style, Steve Nison brings you into the world of Japanese candlestick charts and patterns. First giving you a fascinating history of the birth of the futures markets in Japan. Armed with that knowledge, Mr. Nison delves into the "psychology" behind the patterns that develope in the chart. He provides a thorough explaination of each pattern, down to it's historic name, and what to anticipate when the pattern unfolds. There is also a large part of the book devoted to using candlestick charts with various indicators i.e., stochastics, moving averages, relative strength, etc. You name it, he's got it. Actual charts are provided to visually enhance Steve Nison's explainations. Not only does he tell, but he showes you using various markets from coffee futures to the S&P market. This book is a must addition to the library of any trader who relies on technical analysis, from the beginer to the master. source: amazon.com ___________________________________________________________ The Candlestick Course Steve Nison, CMT, the author of two previous volumes on candlesticks, and an educator, trader, and seminar speaker, has written a basic workbook on the fundamentals of candlestick charting and how to interpret and use only the most significant patterns. I attended one of his Nison's candlestick workshops at an investor expo, as well as reviewed his video and found them to be excellent educational vehicles. This book is for those individuals who like to read about certain candlestick characteristics, and then test themselves on their level of understanding. Each chapter begins with a bullet-pointed list of learning objectives and key terms to watch for. It then explains the concept, shows examples, provides highlighted key points, and then provides review questions, and detailed answers. In most all of the chapters, the review questions and answers take up more pages than the explanation of the candlestick pattern or the concept being taught. So, this is more of an instructional and teacher-student approach to the subject. One chapter entitled "Progressive Charting" is about 50 pages long and contains a walk-through of an unfolding market scenario, a few candles at a time using 88 annotated charts. The purpose of this approach is to help the reader interpret each candle or pattern in a real market situation and learn from his/her experience. The last chapter entitled "Bringing It Altogether" asks you 42 questions about candlestick charting and provides the detailed answers. This allows the reader to determine his/her level of understanding and areas for further study. The book contains a short "visual" glossary illustrating candlestick patterns. For readers who are avid students and like to work through numerous exercises and examples of the basics of candlesticks, this book will serve their needs well. For other investors who want more "meat" and detailed information and explanation, then I would recommend Nison's "Beyond Candlesticks" instead.  - L Masonson, source: amazon.com ___________________________________________________________ Fibonacci Trading: How to Master the Time and Price Advantage Great book! The Fib Queen Carolyn Boroden has produced a top notch peice of work. I was impressed with the number of charts and the explanations she included in the book. When you are trying to learn how to interpret charts, you can only do it through repition. Seeing many different charts in different time frames really gives you that visual aid that you need in a book like this. I highly recommend this book. I would also recommend High Probability Trading Strategies by Robert Miner. I would recommend to you that you read the book by Robert Miner first and then read this book by Carolyn Boroden "AKA the Fib Queen". Mr Miner takes you through the basics and Carolyn fills in the gaps and helps refine your technique. - Jason T McGee, source: amazon.com ___________________________________________________________ Forex Patterns & Probabilities: Trading Strategies for Trending & Range-Bound Markets (Wiley Trading) Without a doubt this book is far superior to anything else available on the subject of forex trading. "Forex Patterns and Probabilities" will become a trading classic not only for the tremendous amount of useful information it provides, but for the easy and fun way that the information is presented. The author, Ed Ponsi, presents very detailed strategies and then demonstrates them to the reader in a very concise manner. This is exactly what I needed and what most traders need - clear, unambiguous directions that explain in perfect detail exactly what the trader must do to make money trading. The author caught my attention when he appeared on CNBC, and it became immediately clear that he was not the average guest. He has a relaxed manner and a seemingly encyclopedic knowledge of trading, yet he explains everything in a very down-to-earth manner. He has a real ability to explain trading in a way that is easy to comprehend for the average person. The book reflects that. The one thing that is abundantly clear is that the book is written by an actual trader - you can tell by the tremendous detail and the clear thought process that the author has actually used these strategies, and he even shows examples where the trades didn't work out. He shows trading as it really is, not the idealized version presented in most books. When I read this book I felt as if the author were speaking directly to me in that pleasant, easy-going manner. The book is free of technical jargon and is even amusing at times. I especially enjoyed the stories about the author's early days as a trader on Wall Street, and the way he relates trading to everyday life. This book contains some real eye-openers, including a chapter that will forever change the way I think about trading. The author applies game theory to show why most short term traders lose money, and what you can do about it. This alone was worth the price of the book. Another section exposes the conflict of interest inherent in the introducing broker relationship. You certainly won't see that in any of the books written by market maker employees. Another great section showed how to set goals. There was so much good, useful information in this book, and it was so easy to read and entertaining, that I couldn't put it down. I recommend it highly to anyone who is serious about trading for a living. - Ikayakbr, source: amazon.com ___________________________________________________________ The FX Bootcamp Guide to Strategic and Tactical Forex Trading (Wiley Trading) Wayne really hits the mark with this book. It's a basic summary of the method he teaches at www.fxbootcamp.com. Not only does he cover the technical and fundamental aspects that a successful Forex trader needs to know, but he covers the other all important topics too, like risk analysis, trade plans & journals, trade reviews and having the right mindset to be a successful trader. All with no Fluff! I recommend this book to anyone who feels there is room to improve in their Forex trading, or is looking for a reliable, simple system to follow. The method outline in Wayne's book won't give you every pip in a market's movements, but it will provide you with a large portion of them, in a conservative manner. - Glenn Woodford, source: amazon.com ___________________________________________________________