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5 Comments to Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets

1. 

   I am always looking for a new angle on my day trading strategies. I see some technical analysis (TC2000) and my trading program by Tradestation. I want to run my ideas through Tradestation to look for useful indicators and signals. I had not studied the pivot points too much and felt this book would bring me “up to speed” on this subject. I ran many different variations of the pivot points and support levels of resistance. Although the book is clearly written and the author presents the material well, I did not extract anything useful out of it.

   Maybe Forex Traders will have better luck with pivot points than I did in the stock market. I saw no correlation to the stock trading about pivot points, support, resistance, fibonacci levels, etc. After years of computer trading systems, I have concluded that the market is a random event and market psychology simply can not be programmed.

   [. . . ]

   I reread the book very well and have figured out what the author is preaching. As a stock trader, its pivot point analysis and trading techniques work very well. I was not applying his technique right the first time I read the book and now I get it. . . This is definitely increasing my successful trading probabilities. 5 Stars. . I am going to order his new DVD and see if I can refine the process even further.
   Rating: 3 / 5
AK on July 19th, 2010
2. 

   Before you read this book I would highly recommend reading any other with candlestick is the main subject. “High Profit Candlestick Patterns” or “Profitable Candlestick Investing” – both by Stephen W. Bigalow or one of the book Steve Nison. The more you know about candlesticks patterns and emotions behind them the better trading decisions might be reaching.
   Person’s book is one of the very few explaining pivot point – very useful tool indeed. The use of high and low closing closing Doji pivot point does not make you a perfect trader, but will allow to avoid the disaster being imprudent (or too greedy) in your decision. Bottom line of any trading is discipline – and this book is trying to teach it shows how to build and use a very simple system.
   CD provides a good overview of everything covered volume plus pivot calculator. If you need one a bit more sophisticated, you can find it [. . . ].
   Trading is about making money. Keeping simple things will make you a better trader and this book will help you with that.
   Rating: 4 / 5
Jerzy Zakrzewski on July 19th, 2010
3. 

   John Person’s first book, A Complete Guide to Technical Trading Tactics, is a must read for any trader. When I heard his new book, Candlestick and Pivot Point Trading Triggers was published I can not wait to get my hands on it. this book exceeded my high expectations! I now have a much better understanding of how to use triggers, set-up and stops combined with candlesticks, pivots and the moving average approach. I just do not have a stronger grasp on candlesticks and pivot points but now I go across the way and use the Person has proven methods, techniques and formulas in my own trading plan. If you are an entrepreneur you need to study and implement the knowledge from the big book.
   Rating: 5 / 5
Todd Langton on July 19th, 2010
4. 

   UPDATE: The only thing annoying about this book is some of the organization. For example, the author discusses “high dojis close” and “low close dojis” (as though the terms he gave to certain candlestick formations) and not explain what they are up to eight episodes (I think it’s chapter 8). I got irritated so I just skipped ahead and read what they all are, and then go back and pick up where I left off. Other than that, this book is an outstanding source of information!
   I’m studying, practice trading, options trading and now for almost a year and I absolutely ruthless in my study. . . seminars, DVDs, and books. And all the books I’ve read, it is likely to be tied for the best single book on trading (the other book is Trade Chart Patterns Like The Pros by Suri Dudella). What I like is that these examples are recent and relevant and the pictures / charts are clear. I’m not even on futures, the e-minis or Forex, this book covers everything as John Person trades just about everything. And thats another thing, the person is a trader. . . wow! Imagine that! A book on trading written by a guy who actually trades! This book has helped my trading more than any other that I’ve read, and I’ve read a lot. For those who gave this book a poor rating, I’m curious if we read the same book. If you have any questions, you can email me at yahoo dot com headbanger51 and be sure to put the title of this book in the subject line or it will get deleted. Bottom line: priceless BOOK!
   Rating: 5 / 5
Fletch on July 19th, 2010
5. 

   Candlesticks are what I call “alphabet” of trading. As you can not write great literature using only knowledge of the alphabet, trading requires knowledge of candlestick patterns as a foundation alone. Pivot point is also one of the least useful indicators in Forex trading although they have become extremely popular through several Forex training courses. Dividing your chart into horizontal sections based on a mathematical formula can give the appearance of being useful if all you know. However, I found that there is usually more significant and more meaningful reason to expect a certain price zone as a potential barrier. So, after using pivot points for about 2 years I have completely stopped using it in preference to other methods of assessing the market. This book has other methods to be extremely useful and all in all it could be valuable for beginners especially in preference to buying an expensive course that covers this information.
   Rating: 4 / 5
Scott Shubert on July 19th, 2010

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