





desertcart.com: Pivots, Patterns, and Intraday Swing Trades, + Website: Derivatives Analysis with the E-mini and Russell Futures Contracts (Wiley Trading): 9781118775790: Scheier, M. William: Books Review: Pivots, patterns and intraday swing trades review - The reader must have understanding of technical analysis to better understand the book because it is intended for more experienced traders. The book provides interesting techniques to approach the trading day, dissecting the trading day into 3 sections, each one with a unique personality. The author also explains different support and resistance levels to form a pivot / exhaustion grid that can influence price and how it might react to it. There is thorough analysis of a how a trading day could behave like based on previous days whether they were trending or range bound. These are just a handful of aspects that I mention but there are many other elements in the book that should allow the reader to face a trading day with more confidence and understanding. The book ends with a blueprint for a trade plan, which is key to any success in trading. Review: A book full of valuable insights! - I love Will's approach and this book is excellent! I've traded for decades and I've studied the markets the whole time and Will is the first Trader/Teacher that I really resonate with. I recommend this book highly! You can tell Will must of had an excellent mentor and floor trading experience, and he just lays it out like it is. No fluff. His methods are grounded and evolved out of what works. This book will go beyond mere information, theory or fad indicators methods, This book is not about just information, it's really about insights. . I felt like a light bulb went on after I came in contact with his work. If you are a serious trader, especially a futures trader you'll want to have this book in your library.
| Best Sellers Rank | #1,435,255 in Books ( See Top 100 in Books ) #660 in Business Investments #7,187 in Investing (Books) |
| Customer Reviews | 4.2 4.2 out of 5 stars (62) |
| Dimensions | 6.3 x 0.88 x 9.3 inches |
| Edition | 1st |
| ISBN-10 | 1118775791 |
| ISBN-13 | 978-1118775790 |
| Item Weight | 13.4 ounces |
| Language | English |
| Print length | 240 pages |
| Publication date | January 28, 2014 |
| Publisher | Wiley |
A**A
Pivots, patterns and intraday swing trades review
The reader must have understanding of technical analysis to better understand the book because it is intended for more experienced traders. The book provides interesting techniques to approach the trading day, dissecting the trading day into 3 sections, each one with a unique personality. The author also explains different support and resistance levels to form a pivot / exhaustion grid that can influence price and how it might react to it. There is thorough analysis of a how a trading day could behave like based on previous days whether they were trending or range bound. These are just a handful of aspects that I mention but there are many other elements in the book that should allow the reader to face a trading day with more confidence and understanding. The book ends with a blueprint for a trade plan, which is key to any success in trading.
J**S
A book full of valuable insights!
I love Will's approach and this book is excellent! I've traded for decades and I've studied the markets the whole time and Will is the first Trader/Teacher that I really resonate with. I recommend this book highly! You can tell Will must of had an excellent mentor and floor trading experience, and he just lays it out like it is. No fluff. His methods are grounded and evolved out of what works. This book will go beyond mere information, theory or fad indicators methods, This book is not about just information, it's really about insights. . I felt like a light bulb went on after I came in contact with his work. If you are a serious trader, especially a futures trader you'll want to have this book in your library.
N**S
I bought it! Why Shouldn't you?
I started reading this book on lunch time in corporate spaces using Safari services. The first and second time through it didn't cost me a thing. But, I had to buy a copy for reference because I have to trade on my own time and not my employer's. You can't apply it if you aren't willing to buy the book! I am an OTA graduate; mostly conservative in nature; adverse to the tighter time frames in the book; and search for low-risk levels. However, I was interested in the pivot ledges (resembling OTA levels - but on much shorter time frames) and ORB breakout in early day trading (resembling opening pivot hooks). I like his breakdown of the (futures) trading day into three general time-frames. I am considering using some of the ideas in this book as enhancers for entries and exits in my simulated trading to see if I can improve my daily percentages and exit strategies. The fact that he posts his trades daily (in a very general way) is reassuring.
P**P
Both are excellent. I have read many other trading books
I read this book and I have taken the course. Both are excellent. I have read many other trading books. I would rank this among the best. Will uses discussions of moving averages/ head and shoulders patterns/ etc. to help you understand market structure. He emphasizes that such information should only be used to trade as part of a specific trade plan not in isolation. This core lesson of the book is applicable to all traders. This is an important book for anyone looking to day trade and I wouldn't trade futures with out reading this first.
P**Y
Good Book, Shame About the Author
The book is well-written and informative. However, I would recommend limiting your engagement to just buying the text. After reading the book I dropped a message to Valhalla Futures to ask a somewhat straightforward question about Will’s indicators. The first response I received, from Will himself, sought to confirm my motivation for even asking the question. When this was duly confirmed a second response from him was oozing with condescension and smug superiority. He being keen to tell me how poorly conceived my question was. Perhaps the tone of a guru talking down to a hapless neophyte trader is intended to set the stage for a person to then buy the author’s training course. However, to me the behavior simply came across as boorish, arrogant and lacking civility. (I would contrast Will’s behavior with the far more professional Barry Taylor at E-mini Watch). So take what you find useful from the text but I can’t recommend engagement with the author beyond this.
G**N
A review from one of his students.
This is a nuts and bolts book, and provides a detailed blueprint of one method for intraday trading. Will trades live each morning using this one method. He post his trades BEFORE taking them., and you can follow the trade from beginning to end. It's all live with no way to cook the books. He trades only one way and he does it well. I have never meet a more consistently profitable trader. I am a moderately experience swing trader in stocks and was looking for a consistently profitable method of day trading futures. I took Will's course after reading his book and am very glad I did. His "Serial Sequent Wave Method" brings everything you learned in the book into a complete trading package. The course has a one time fee with a lifetime membership to his trading board. I have been a student for four months and have found him to be a mentor, not another trading course salesman. No up sales, no monthly fees, no other courses to buy, and no refund. Now here's the catch... This is not a weekend trading book. Hard work and commitment is required for success. He will insist that you submit a trading plan if he is to mentor you after completing his course. Will is very direct in his critique of your progress and does not coddle bruised egos. However, his student group is very small and I have found him to be truly committed to my development as an intraday futures trader.
O**I
So so
Just as much harmful advise as good. General concepts such as having a plan is good advice but nothing new. Relying on time/type of day analysis and lagging indicators in today’s markets is unreliable. His ideas on the most relevant validity indicator, VOLUME, is not even mentioned! Save your money.
M**A
IMHO good book about old school trading methods , lacks in examples at entry and exit into a trade .
R**O
Real valuable examples, not the usual book fulfilled with pointless theory.
S**Y
Quality is very poor
W**N
I would highly recommend this book.
S**C
I bought this when I was trading futures almost daily but now that I don't I never finished the book. The charts in this book can be somewhat hard to read.
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