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Jeff, I support you on this.
By going that far into "the details" Edwards & Magee made it a science
and Chick Goslin remained on the trader's down to earth level. Meet both
halve way and use in combination with the in MSK6.5 available indicators
(or self developed ones) for any succesfull gains, which upfront can never
be guaranteed ofcourse (as is common in TA).
Neither books would have forcasted that ASML would have rissen
a mere 1092%+ (from oct98 low € 9.65 to recent dec99 high € 115)
or that the Turkish Stockmarket Index would have rissen only a mere
200%+ in the last 5 months. But both books would have had reader spot
these succesfull breakouts and perhaps halve of the further rises that followed.
What both books do provide a reader with, again in combined use with
the in MSK6.5 available indicators, is the tools for a reader's awareness
in a dark world called "the financial markets". With respect then to the below
statements made by Jeff (which I fully undersign) and the above addition to them.
And thus glad that I have purchased both books, as E&M's was tipped by Steve
and others on the MSK List, and as Goslin's was by one of our MSK user group
members).
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying and
note the new address change. Also for my Homepage
http://home.planet.nl/~anthmaas
----- Original Message -----
From: Jeff Ledermann <j.ledermann@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: vrijdag 24 december 1999 9:25
Subject: RE: Chick Goslin's boo, among other things (Was Re: bonds & the BB Histo)
> Owen,
>
> Chick Goslin's book is short enough that one can sit down and read it
> in one session. I've done so numerous times and my opinion of the book
> covers just about both extremes of the Amazon reviews you mention.
> I think it's a mood thing...
> The relevance of his methodology is becoming less important to me now
> but I believe when Steve first brought it to my attention the book made a
> significant impact on my view of trading, which has to be the mark of a
> worthwhile book. Not in the same league as Edwards & Magee or
> Schwager on Futures - but then I don't think Chick intended it to be.
>
> Merry Christmas
> Jeff.
>
> > Mandatory trading content: If anyone else has thoughts about
> > Goslin's book and trading methods, I'd be interested.
> >
> > Owen Davies
>
>
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