Technical Trading Tactics by John L. Person

[Soultrader 12]

There is not many books that focus on price action. Since I am a pivot point trader, I enjoyed John Person's book very much. His core trading methodolgy uses pivot points on a longer time frame. Until then, I used pivots strictly on an intraday basis. However, John proved that it can work on daily, weekly, and even monthly charts.

 

He combines candlestick patterns with pivots adding further confirmation and making the trading signal even more powerful. If you are still trading with lagging indicators, take a look at this book. You will be surprised that once you trash all your indicators away and focus on price, you trading will step up another level.

 

Great book and relevant information. Always good to add it to your trading library.

[Freddie 10]

Soultrader,

 

Have you read his second book yet and if so do you have an comments?

 

Just wondering how useful his techniques are and if you use any of them in your trading? His website also has some CD, DVD courses along with live training sessions so if his stuff is good I may look into some of his other teaching material.

 

thx,

[Soultrader 12]

Freddie,

 

I have not yet read his second book. I dont think I will be purchasing it either. From what I heard, it is geared towards the novice with repitive material from his first book.

[Freddie 10]

Soultrader,

 

I've only read the second book. Did the first book have more detail on his trading system / development of a trading system?

 

I think the logic is there but can't seem to get the system to work in the long haul via backtesting.

 

Fred