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This is a response to the inquiry of Scott krieger of The Futures Group.
The book is well written and easy to comprehend for those that are
still a freshmen in trading Futures/Commodities. Much of the book
focuses on day trading the S&P and currencies using Tradestation
and a RT datafeed. If your desire is to scalp and day trade the
S&P, this book will get you started. The book, however, does
not cover the most important points in trading:
- no entry strategy
- no stop loss strategy
- exit strategy is based on trendlines
The "trading system" which comes separate for an
additional cost of $2,500 (while supply last) is a big waste of my
hard-earned money. The signals often produces more losers
than winners, where taking the reverse trade may produce more
winning trades. The main components of the "system" can be
obtained here in this forum or within Tradestation.
It uses:
- 3 band Keltner channels - was discussed here just days ago
- 3 Moving Averages (slow, med, and fast)
- Gann Time alert (was discussed here about 3-4 months ago)
- Trendlines, which you can manually draw the lines
- An Oscillation which I believe is based on ADX
- and of course, the unreliable proprietary signals.
And there you go, you got yourself a $2,500 system for free!
Again, this is only my opinion based on my experience with
the system.
-ernest
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