Candlestick and Pivot Point Trading Triggers, + Website: Setups for Stock, Forex, and Futures Markets (Wiley Trading) 2nd Edition

I have read maybe 20 books or more on trading. This book is by far the most practical. It is jam packed of information and it takes a little to get through, but it is very practical. It cleared up many questions on how and why to use certain indicators and how to trade them. I had been searching for a book that appropriately explained how and why to incorporate volume analysis indicators to my trading and Mr Person did it in one chapter. I day trade and swing trade options and stocks. The only thing I would wish for is bigger chart images, but I can also see how difficult it would be to fit all that in the width of a single page.

Bought this for my day trading husband! He said it is one of his favorites now!

My trading results improved immediately after reading this book and following John’s methodology. This is by far the best investment in trading education a self-taught trader can make to become a better trader and truly understand how to read the market internals to find the best trades. A lot of books scratch the surface of trading but this is the real deal..!!

I've read a ton a trading books and I find the more focused, the better. I know, not brain surgery. This author knows what he is talking about and there is a lot of good stuff BUT it's just so hard to follow along. It's a rather random gathering of trading ideas and actually, I find the title very misleading. I wouldn't pick up this book unless you are VERY well versed in trading and are looking for a way to tweak an edge.

This book is written by someone who has immense trading knowledge. I would think that he would realize how important it is to be able to read the charts in a book about trading. It's next to impossible to follow his interpretations when I'm unable to see the corresponding dates on the charts. Maybe he should have included a magnifying glass with the purchase.

Great updates from the first edition

This is Person’s second edition of this book updating the content from 2005. This 346-page paperback second edition of this book sells for $70, contains an index, but has no bibliography which is disappointing. The book is part of the Wiley Trading Series, as labeled on the cover.Obviously, one can easily ascertain Person’s mastery of trading, technical analysis and the value of his proprietary indicators by reading through every chapter. He has developed proprietary indicators and trading strategies available on multiple trading platforms including TradeStation, Trade Navigator, High Growth Stock Investor and ThinkorSwim. I currently use his PPS indicator and pivot points on the latter platform and found them accurate in identifying buy and sell points on my intra-day 1 – and 5-minute charts where I day trade long and short the Nasdaq Futures. His tools have come in very useful and I combine them with MACD and RSI with shortened parameters from the standard settings for confirmation.My main concern with the book’s content is that there a ton of useful information and insight that is buried in dense text, which is hard to dig through in his long and complex paragraphs. It almost reads like a mind dump without realizing that is makes it hard for the reader to quickly grasp his key points. Moreover, the author covers too many topics, and some very superficially, like ETFs, insider trading, hot sectors and stocks. Moreover, there was no need to include forex and futures, as a focus solely on stocks would have been sufficient as the indicators and pivot points work equally well on all asset classes.Person offers many pearls of trading wisdom, but by providing complicated explanations, page after page of this approach gets difficult to get through. Color larger full-age charts would have greatly enhanced the current array of hard to read black and white charts. Too many charts (e.g., 4.1, 4.2. 4.3 and many more) had unreadable data, since the chart was too small even though it was ½ page. A number of charts were completely black such as 5.10, 5.30, and 8.11 among others which presented nothing to see. How these charts got past the editor and publisher without being challenged and corrected is an interesting question.Other recent Wiley Trading Series hardcover books such as Dr. Alexander Elder’s “The New Trading for a Living” and Gil Morales “In the Trading Cockpit” with high-quality color charts, slightly more expensive than this paperback’s $70 price tag. In my view, that’s how this book should have printed.The book was not very well organized or logically formatted. Chapter 1 on trading vehicles, at 50 pages, was much too long and covered too many vehicles, and many in a superficial way. This chapter should be #5 as there was no introduction to technical analysis, candlesticks or pivot points before bringing in different trading vehicles. Chapter 5, 6, 7 and 8 should have been first four chapters to properly introduce each subject in logical order. Risk and trade management were the most useful chapters. On page 285 mentions the best six months seasonal strategy using the MACD indicator. Says that the strategy can be improved by “adding modern indicators” but Person doesn’t name any, so why mention it?In conclusion, Person is a very knowledgeable, technically savvy trader who has had success trading the markets over many years. Unfortunately, the book’s organizational structure, dense and lengthy explanations, many unreadable charts and wide coverage of too many topics makes it hard for the reader to follow it easily. The book could easily be halved in size and content, more tightly written and focused just on stocks with colored readable graphs and still be very worthwhile.I recommend this book to seasoned traders who want to take the time to understand Person’s trading approach, insights and indicators and want to use his indicators on a platform that supports them. Person’s indicators and strategies have widespread use because of their usefulness. Therefore, any traders who read this book and have not checked out Person’s indicators are missing put on excellent tools.This book is not an easy read and definitely not for novices without a number of other books under their belt on the basics of technical analysis and candlesticks such as some primers on technical analysis (e.g., John Murphy and Walter Deemer books) and candlesticks (e.g., Steve Nison, Stephen Bigalow or Gregory Morris books).

Seems to me that this book is wonderful, What I read in the sample sounds spectacular, just the figures that are not readable to me,I was hoping to buy this book for reding on kindle but I have to pass, the figures are so important for my understanding.I would like to get this book with better graphics that's all