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Harley Meyer wrote:
>
> I see there is a sale on the book "LSS Day Trading System", by George
> Angel for $15 through Traders Library. But can anyone tell me anything
> about the book in terms of value. I just bought Edwards & Magee.
>
> Thank you,
> Harley
Harley,
The LSS Day Trading System is based on the writings of George Douglas,
an old grain trader. Mr. Douglas' book was recommended by Linda Raschke
at one of her workshops. Mr. Douglas' three day method is the basis for
Linda's swing trading . Mr. Douglas was an excellent trader but a poor
writer. Mr. Angell's LSS trading system is an attempt to formalize the
ideas of Mr. Douglas. I have found the basic theory to be very
beneficial (profitable) in day trading bonds and currencies. The
method, I would think, would certainly be worth $15. It is not the same
type book that E&M's Technical Analysis of Stock Trends. It is for short
term trading (Long-Sell-Sell short..LSS). I cannot comment as to what
value, if any, the LSS method would have for stocks.
Al Taglavore
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