Fellow members of the Forum:
A few weeks ago,I bought a book that improved my trading results,and helped me in building a new base of trading knowledge as to push me into asking the writer to allow me to explain several of his trade tactics.
A BOOK...Is ole good Simba crazy?(of course I am..that is what gives flavour to Life)..Well,I actually buy like 2 books or ebooks per week,most of them I discard after a speedreading of 10 minutes convince me that they are not worth the paper they are printed in(specially the ebooks
)..but a few of them have either several actual "modifiable" trading strategies or give me a few ideas to test,so,I keep buying and extracting the few items of wisdom I can find there.
Seldom,like in the case of JMHURST book and courses,or Dancing with Lions by Trader x..I find a book worth rereading....well I have found a pure jewell..and I want to share it,so,I asked both the author and Newdigital,and both say ok,go ahead.
What´s in it for you?:
1-You will learn a few "pure price action patterns" that work..for free,all posted here...and we will test and discard the ones that don`t.
2-I will explain,show past examples,forward test..and livetrade a few of the setups,the ones I have chosen to share,based on my trading style,so that you can check their accuracy..or not
3-I will be the first to point out when,IMHO,a setup is not worth the risk for the reward...in Forex.
4-You will be able to decide if you want to buy the book and use all patterns or not,Not all of them are suitable for my style of trading,but they could be for you...In any case I will post,forward test and trade enough patterns for you to make an informed decision.
What´s in it for the author?:
1-The author is a professional trader,very well known,that decided to self publish a book.and consequently..he expects,though he doesn`t requests,some additional sales.(I checked with ND and asked him to allow me posting in the non commercial section,since you are not required to pay anything,if you like what you see,you can buy or not the book)...and some publicity...though he doesn`t need much since even a Market Wizard(Michael Steinhardt)supports him,his book,and his methods.
2-The author has very positive reviews,we will come later ,in the next post,about them,his trading is mainly done at indexes(SP,ES,NQ..),Stocks or Futures..he was mildly intrigued,though not surprised, when I told him his patterns worked for Forex,we exchanged several emails,and he allowed me to forwardtest and reveal ,at this forum, some of his book patterns in the Forex markets,he is intrigued,and ,since he is a very open minded guy..just gave the go ahead.
What`s in it for me?:
Just 3 things,but before I post them,I have to say that I bought and paid for the book,I have no association with the author,nor do I benefit economically if he sells 1mm books or not,I like his teachings,his patterns,and his emails..if you like the patterns and buy his book,perfect,if not..I won`t be too preoccupied.
1-I learn by teaching,,yes,reread it..any poster with a few threads on their backs here will confirm,when you lead a thread you end up knowing much more about the thread´s subject than when you started it..opening a thread about price patterns will require me to get an almost perfect mastery of the patterns..then see point 3
.
2-I like to teach,it must be obvious by just reading my threads..I believe that by sharing you get more.
3-I believe I have got a handle about digital filters,and that if I can get a handle about chart patterns,I can combine both and improve my trading to the next level..to get this second handle,I need to explain the patterns,to teach them,because this will require me to learn and adapt them.
And that is all folks..next post will tell you about the guy,the book and his reviews...Then I will start with the patterns.