This is an advanced book, and it does no hand holding. It is a trading niche book. It is not about day trading, nor momentum trading, but a unique subset of short term trading called "swing trading". If you do not know the difference, this book is not for you. It is not earth shattering. But, it is written by traders who have done it for a living for decades. Thus, it is worth knowing how they think, and how they have earned a living. And, yes, you mostly only make a few hundred bucks at a time, if you are good. Not riches, but "a living".

The price is high, but this is a small niche market. They will sell few copies. Linda Raschke has done this technique of swing trading and earned a living at it for decades. I would not expect her to take time off to write about it for chump change. If it were a mass market, a lower price would be in order, but this book is good for very few people.

I give it four stars only because of the terse format. BUT, they are traders not literary artists. I cannot fault them for not writing War and Peace.

If you are an experienced trader, and expect nothing more than a few hundred bucks when a trade goes well, and protection from loss when it does not, this book will either confirm what you know, which is helpful, or add a trick or two that you did not know, which is more helpful. Traders are successful who earn a living, a few hundred dollars at a time, several times a day, day after boring day. It is not a book for others at all, and not a book to start with. If you magically expect more money than this, buy another book. And, nothing in short term trading is really new over time. This is not a breakthrough book of new and novel ideas. The first idea, "Turtle Soup" came from the Turtles which have been around many decades. It is nice to read that this pattern has not yet worn itself out, and is still used. I am happy to have it in my library. I am happy to know that old tricks still work for old dogs.

I cant this book is $175 !!! for the material inside is plain junk, i have read ALLOT of books from gann to elliot to andews and this has to be the worst book i have ever read the methods taught are very indicator based and will not work in the long run the wolf wave method is basicly elliot wave rehased, there are better books to learn the elliot wave best book in my opinion robert miner's book, as for momentum is concerned larry williams. and for breakouts edward's and magee. I have been trading for 10 years but i constantly buy books just to see if i can atleast get one golden nugget out of them, this book however has no good insight into anything i did not get one good idea out of this book. As for some of the reviews on here if you click see all my reviews this is the only book they have reviewed ....hmmm but if you are serious about trading the books i reccomended above are very insightfull atleast they were for me, miners book is old but is full of new ideas and less based on indicators and has very easy to follow rules for elliot, i guess what they say is right old is gold. good luck

The first chapter was very impressive saying you should trade with 3 main types of market behaviors and Raskche and Connors would tell you how to recognize and setup blah blah blah.

After spending 3 hours browsing through the rest (the book is actually very thin), I walked away with huge disappointment. Just use some combination of indicators? Where are the patterns? For 170 bucks, you want me to read your chat nothing more than cliches?

I intend to give 2 star for the efforts to put up setup that may be attractive for some beginners; to learn they are useless with your money :), if nothing more. For the high price-tag, I give a 1-star because that is the lowest I could give.

I never received the book. Apparently the seller used the slowest form of shipping there is. No one knows where the books is. He shipped on 12/27/06. I have since had the sellers refunded and took that business elsewhere and received it in 3 days time.

I never received the book. Apparently the seller used the slowest form of shipping there is. No one knows where the books is. He shipped on 12/27/06. I have since had the sellers refunded and took that business elsewhere and received it in 3 days time.

you can always spot s loser by one of (or both) of two reactions:

1- They want to get into a business to make money but think $200 is too much!!

2- They expect what they read to agree with their bias

Anyone who wants to make money but thinks a book is expensive at $170 has the wrong personality for trading. If you are like that, you have no business trading because you are too greedy and a coward.

Secondely, when you are making a comment about someone, it is really important to REALLY be sure that what you are saying is acccurate. The implication that Linda does not make money trading is just ridiculous. The woman is a bloody Market Wizard, for God's sake! She is also a pretty crap promoter of her services.

The book is excellent. The question is: does it contain methods that can make you money? Of course it does. You guys are clearly sleep walking because you are concentrating on believing that every method in the book will make you money all the time under any circumstances. Quit believing that and pick the ones that work under different market conditions.If you can't, it is your fault, not the book's.

If you watch Linda trading, you will see her using those setups under the right conditions. The fact is, if you cannot make money trading the setups in the book, you are either new and have to learn the basics first, or you are not cut out for this business.

you can always spot s loser by one of (or both) of two reactions:

1- They want to get into a business to make money but think $200 is too much!!

2- They expect what they read to agree with their bias

Anyone who wants to make money but thinks a book is expensive at $170 has the wrong personality for trading. If you are like that, you have no business trading because you are too greedy and a coward.

Secondely, when you are making a comment about someone, it is really important to REALLY be sure that what you are saying is acccurate. The implication that Linda does not make money trading is just ridiculous. The woman is a bloody Market Wizard, for God's sake! She is also a pretty crap promoter of her services.

The book is excellent. The question is: does it contain methods that can make you money? Of course it does. You guys are clearly sleep walking because you are concentrating on believing that every method in the book will make you money all the time under any circumstances. Quit believing that and pick the ones that work under different market conditions.If you can't, it is your fault, not the book's.

If you watch Linda trading, you will see her using those setups under the right conditions. The fact is, if you cannot make money trading the setups in the book, you are either new and have to learn the basics first, or you are not cut out for this business.

If you are new to the trading game, try to avoid getting sucked into the fantasy world of imaginary trading setups.

Turtle Soup, Momentum Pinball, 3 Little Indians? Are you kidding me! Talk about sell the sizzle, not the steak.

Understand the markets first, I would recommend reading books published by the CFA Institute, then read about accomplished traders, you know the guys who actually make money trading as a profession (Dennis, Tudor Jones, Borsellino, etc), then develop your own approach to the markets.

If you're interested in Technical Analysis, you can join the MTA (Market Technicians Association),its well worth the time and money.

Save your money folks! There are plenty of quality classic trading books out there for 90% less, and without all the mindless drivel.

Buyer Beware!!!!!!

If you are new to the trading game, try to avoid getting sucked into the fantasy world of imaginary trading setups.

Turtle Soup, Momentum Pinball, 3 Little Indians? Are you kidding me!

Talk about sell the sizzle, not the steak.

Face the facts, real traders don't have time to run a live trading room, or proclaim they invented secret trading setups, basically its not reality.

I hope most of you realize that selling web based trading services, seminars, and over priced books is an extremely lucrative industry, there are lots of self professed "guru's" eager to take your money and sell you a dream.

If they really trade for a living, than they wouldn't need to sell you monthly subscriptions, and everything else that lines their pockets.

Trading takes hard work and dedication, learn the basics first, and most important, learn how the markets work.

Save your money folks! There are plenty of quality classic trading books out there for 90% less, and without all the senseless dribble.

Buyer Beware!!!!!!

I bought this book on a recommendation from another trader. I paid a lot less than the $175 they are asking now, but I still thought it was very expensive. I read through half of the book and thought it was interesting. On one of those days I had the book open on my desk and realized that one of the patterns from the book was forming! I waited till the right moment and took the trade on 2 year treasuries. Exited the trade about a minute later with a $225 profit. That paid for the book on a single trade.

I realize I could have also lost $225 on that trade, then the cost of the book would have been around $350. I was now happy with the purchase of the book. I looked for more trades, but did not find any that week. Then the book got pushed aside and forgotten about. I found the book again last week because I heard someone mentioning it. I pulled it out and reread it.

I think the book has something to offer. Is it too expensive? That is hard to say. For me it became free after one trade. Was I just lucky? I don't think so because I can scroll through charts and see a lot of the set-ups in hindsight. So the trades are there, its just a matter of being there to pull the trigger as they happen.

I hope to get more out of the book from this second reading. One thing I have noticed is that many times I read a book and get something. Then upon rereading it I pick up many thoughts that I did not see or understand during the first reading. Maybe I wasn't ready at the time, but having many dozens of books under my belt and lots more life experience in between the first and second readings, I was able to digest more.

I am aficionado of good books on technical analysis and this is certainly not a good one! Many of the techniques described in this book were invented by me as well many years before this book was published. Subseqeuntly, I discarded them into my recyclcle bin as worthless. I am not even a full time investor, devoting a good share of my time to real estate. I am just surprised that people are gullible enough to accept this tripe. This expensive book, expensive seminars, expensive internet service. What is this huckster going to come up with next. Perhaps she has gotten away with this sham because she is a female in a predominanatly male business. I too am involved in the national technicans group and I am embarrassed to be associated with such ilk. I have much to contribute to this industry and look forward to doing so in the future. In the meantime, I can only hope these market charlatans mend their ways.

I am aficionado of good books on technical analysis and this is certainly not a good one! Many of the techniques described in this book were invented by me as well many years before this book was published. Subseqeuntly, I discarded them into my recyclcle bin as worthless. I am not even a full time investor, devoting a good share of my time to real estate. I am just surprised that people are gullible enough to accept this tripe. This expensive book, expensive seminars, expensive internet service. What is this huckster going to come up with next. Perhaps she has gotten away with this sham because she is a female in a predominanatly male business. I too am involved in the national technicans group and I am embarrassed to be associated with such ilk. I have much to contribute to this industry and look forward to doing so in the future. In the meantime, I can only hope these market charlatans mend their ways.

I want to start out by saying I have read lots of trading books and I am a full time commodity trader. So when I bought this book years ago I was interested in running some tests on the computer in order to really tell if the systems, there are aproximately 10 - 12, recomended in this book were profitable or not. Most of the systems in this book are tough to trade without a computer. I actually paid for the systems in the book and ran tests through my trading software and found out they were indeed profitable. But the average profits were very small, from what I remember under $100 a trade.Also they were just around 50% accurate. Most people have a hard time trading something that will only make money 50% of the time. I know I do. But the real kicker is the low profits. Trading for less then $100 is not what I would call worth risking my money for. If you are hoping to find some good trading systems in this book to use you now know what to expect. You might be able to get some ideas from this book to use in some other systems, I don't know. I personally didn't find it very useful. I also didn't like that there were no published tests in the book to show whether or not the systems in the book were profitable, kind of buyer beware. Before doing any trading you have to know whether or not your system is going to make money otherwise it is just a shot in the dark and that is not what trading is about. I don't know whether the other reviewers actually spent money running tests on the systems in this book or not. All I know is that I did and can only make a judgement by what the computer told me. I am only writing this to be of benefit to others who like me are wanting to find value in what they read. There are much better books out there in my opinion that will help traders a lot more for a lot less money. Linda Raschke is a supertrader and definitely knows what she is doing. But I think the general population would have a hard time making profits from this book. Go to Linda Raschke's website and take a look at the books she recommends before you buy this one, I think you will find it interesting. My advice, keep looking because if I had of known then what I know now I would not have bought this book.

I want to start out by saying I have read lots of trading books and I am a full time commodity trader. So when I bought this book years ago I was interested in running some tests on the computer in order to really tell if the systems recomended in this book were profitable or not. Most of the systems in this book are tough to trade without a computer. I actually paid for the systems in the book and ran tests through my trading software and found out they were indeed profitable. But the average profits were very small, from what I remember under $100 a trade.Also they were just around 50% accurate. Most people have a hard time trading something that will only make money 50% of the time. I know I do. But the real kicker is the low profits. Trading for less then $100 is not what I would call worth risking my money for. If you are hoping to find some good trading systems in this book to use you now know what to expect. You might be able to get some ideas from this book to use in some other systems, I don't know. I personally didn't find it very useful. I also didn't like that there were no published tests in the book to show whether or not the systems in the book were profitable, kind of buyer beware. Before doing any trading you have to know whether or not your system is going to make money otherwise it is just a shot in the dark and that is not what trading is about. I don't know whther the other reviewers actually spent money running tests on the systems in this book or not. All I know is that I did and can only make a judgement by what the computer told me. I am only writing this to be of benefit to others who like me are wanting to find value in what they read. There are much better books out there in my opinion that will help traders a lot more for a lot less money. Go to Linda Raschke's website and take a look at the books she recommends before you buy this one. My advice, keep looking because if I had of known then what I know now I would not have bought this book.

These authors are obviously writing books for the pure sake of making money. i mean every writer should earn $ for their time and efforts putting materials together into a book, but there are some authors like Laurence A. Connors & the Michael something guy (who has a booklet selling for $100) publish books just for making money, their intention of writing isn't to share ideas or discuss subject matters, they just wanna write something and sell at some expensive prices.

Why the heck books like this would sell for so much?

I think this book is good since it demonstrates pattern techniques to approach stocks as a swing trader.

However, to make it as a Day trader you will need more practical trading strategies especially if you are a beginner.

Day trading keeps getting competitive and the stock market doesn't care if you are experienced or a newbie stock trader. The rules and the opportunities are the same, so either youre going to make money or you are going to lose it in favor of the more seasoned ones.

As a day trader your homework is all about studying and testing different market strategies that will help you take advantage of stocks and at the same time protect your investments. Just always keep in mind that a good strategy is SIMPLE and practical.

Frankly the worst thing that can happen to a beginner day trader is to get information overload. Complicated technical systems will always make you SLOW in your decision making process or confuse you from the start.

There are some very good sites on the web where you can access practical trading strategies that are easy to implement. One of those sites is Stress Free Traders ( StressFreeTraders com)

They focus on short term day trading methodologies that can help you identify and handle stocks with momentum while reducing your risk.

All in all, day trading is all about picking the best stock opportunities and following your buy and sell signals with ease and simplicity. Once you learn to master your trading decisions, you can aspire to produce consistent profitable results.

This book is a real eye-opener. I am fairly new to charting and was still in the skeptical stage when I bought the book. There are patterns in this book that really work. I wish I had known about this book five years ago.

Well, the good news is the book is well written and easy to follow. The writters get cut straight to the chase, and illustrate plain and simply the patterns to look for in swing trading.

The bad news, comes when trying to implement these strategies. I spent alot of time looking for the patterns they descibed and often when I found a pattern and watched it, the market bounced in the opposite direction to what is was predicted to do.

All in all, I do not feel this book represents a good return on investment.

TABLE OF CONTENTS

Chapter 1 - Introduction
Chapter 2 - Swing Trading
Chapter 3 - Money Management
Part I - Tests
Chapter 4 - Turtle Soup
Chapter 5 - Turtle Soup Plus One
Chapter 6 - 80-20s
Chapter 7 - Momentum Pinball
Chapter 8 - 2 Period Roc
Part II - Retracements
Chapter 9 - The "Anti"
Chapter 10 - The Holy Grail
Chapter 11 - ADX Gapper
Part III - Climax Patterns
Chapter 12 - Whiplash
Chapter 13 - Three-Day Unfilled Gap Reversals
Chapter 14 - A Picture's Worth A Thousand Words
Chapter 15 - Wolfe Waves
Chapter 16 - News
Chapter 17 - Morning News Reversals
Chapter 18 - Big Picture News Reversals
Part IV-Breakout Mode
Chapter 19 - Range Contraction
Chapter 20 - Historical Volatility Meets Toby Crabel
Part V - Market Musings
Chapter 21 - Smart Money Indicators
Chapter 22 - More Words on Trade Management
Chapter 23 - Be Prepared
Chapter 24 - Final Thoughts
Chapter 25 - The Secrets of Successful Trading

This has helped my trading immeasurably. It is for swing traders. It is very specific about setups, lots of examples, and lots of setups with explanations and wisdom worth studying. I have probably 50 or 60 books on trading. They all have something to them, but this is one of the top books in my libary and I am using it all the time.

Hmmm, this book is way over priced. The bulk of the concepts are not original ideas, most of the concepts were renamed, creating the illusion that this is some pathway to riches. Read the classic trading books first, and save your money on this one.

First of all, I noticed many other reviews written that slagged the book badly. Perhaps they had high expectations in terms of what riches this book could bring them. However, it's clear those readers have the wrong idea.

There is no holy grail or single book that can get you rich. The authors of this book repeatedly say that the strategies are not meant to be mechanical - suggesting that they require flexibility, and the ideas are there to incorporate into your own trading.

I personally would not place much weight on whether this book will make you money or not simply by following the proposed trading 'systems'. Traders are supposed to grow and develop, not copy off some book robotically and become rich.

The book exhibits excellent common sense and simplicity which sometimes traders forget. It will offer you some clarity if you become confused or frustrated with trading. It will also offer the more experienced traders some alternative perspective.

There is probably nothing new in this book that you cannot find elsewhere - but this is probably true for all other trading books.

I do think this book is a bit overpriced - hence 4 stars. On the other hand, I do believe this book is an excellent book in terms of clearing the bunch of mess that is out there with respect to trader education. Simplicity works when applied by the prepared.

First of all this is not a novel. After having spent thousands of dollars and to create a trading library, I can say that this one is the best book about the methodology and mindset of a trader. Even if all the setups were unprofitable, the reiterated approach of placing stops at low risk entry points will save thousands of dollars. It is definitely worth reading.

This book is seriously the best trading book I ever read. I've owned it for 5 years, and I still use it for reference. The strategies worked in the go-go 90's when an idiot could trade profitably and the strategies worked in the horrible bear market of 2000-2003. Good stuff. Well worth the price. You get what you pay for. I've yet to find a $30 trading book where I was able to use any of the information to trade profitably.

I applied some of the techniques presented in this book and lost big time! Either the methods described in this book are outdated or more likely the author has sold me a bill of goods. More than likely it is a combination of the two. It's amazing how we men accept on face value a claim by a blonde trader whom I now learn makes more money promoting books and seminars than she does trading. Go ahead check it out by going to the CFTC site and type in the author's name and see that she was forced to shut down her fund since she lost more than half the funds. Caveat emptor is alive and well.