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Trading Day by Day Winning the Zero Sum Game of Futures Trading
ISBN: 0974092118     Date Published: 2003-12     Author(s): F. H. Chick Goslin
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Hardcover
California Pub
375 Pages
 
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Last Update:
06/20/2013 01:33:51
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Total Reviews: (18)
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37 of 40 People found the following review helpful.

Great book and very unique, February 13, 2005 ByY. Kacija (Chicago, IL) - See all my reviews This review is from: Trading Day by Day: Winning the Zero Sum Game of Futures Trading (Hardcover) I have read hundreds of trading books and this is probably one of the top 5 books in my library. This book explains a very simple way to use indicators (or lines as Chick calls them) successfully without having to overanalyze the situation. It does'nt go much into pattern reading which personally I dont focus too much on. Pattern reading in my opinion should be secondary in the trade decision process and ones main focus should be on price which is what the indicators (the lines) follow. Chicks method uses three simple indicators as follows: 1. A long-term trend following indicator (the tail) 2. An intermediate-term indicator (the body) 3. A short-term indicator (the head) Chuck compares the movement of all three of them to a snake which body parts I labeled above in parantheses. The art to reading the indicators is being able define the signals before they actually arrive by using what he calls a margin-of-error putting you a step or two...
 
25 of 29 People found the following review helpful.

Best book so far on trading technique, December 2, 2004 ByAnonm (USA) - See all my reviews This review is from: Trading Day by Day: Winning the Zero Sum Game of Futures Trading (Hardcover) This book holds your hands, lays down the rules, shows the technique, and walks you through the technique - day-by-day for various futures market. Haven't read such a book on trading! I have applied his principles, and seeing the clear (positive!) difference in my trading. The theme of the book is to trade with the trend. Look at he long, medium and short term trend, and trade. Basically, he points out... There are three natural laws of trading-no more, no less-and they are: 1) THE FUTURE IS UNKNOWN (Don't waste time to predict the price, rather look back) 2) CONTINUATION IS MORE LIKELY THAN CHANGE (trade the trend. Look in the past, if prices are going up, they will, if going down, they will, and if sideways, stay aside from that market, in short, trade the high probability markets) 3) PRICES FLUCTUATE (Take profits, and cut losses, after all, trading is a business). There are numerous examples, suggestions, and guidance from...
 
14 of 16 People found the following review helpful.

Quality Trading Book, September 13, 2005 ByTimothy G. Murdock (New York City) - See all my reviews This review is from: Trading Day by Day: Winning the Zero Sum Game of Futures Trading (Hardcover) I have successfully traded with the method described in the book for over 10 years . Daytrading or position trading ---the three line method as described in the book will work. This a no joke type of book. This is not a get rich quick method without any work. If you want to learn trading as a craft and are willing to put in the effort this book is for you. [...]
 
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