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Old 09-14-2006, 11:05 AM
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Mastering The Trade by John F. Carter

Another great book written by a true trader. I have checked out John and Hubert's trading class in the past and I found it to be one of the best places to learn. The insight and education you will receive in this book is priceless. Although John discusses trading setups that require the use of his custom indicators, the chapters on gaps, pivots, and market internals are well worth the price.

In my opinion, the best chapter in the book talks about the use of market internals to...

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By GCB on 07-29-2007, 08:45 PM
Re: Mastering The Trade by John F. Carter

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Yeah, he recently had an all-day grains seminar for members of his trading room.

You can view a recording of it here:

http://www.tradethemarkets.com/public/942.cfm
WOW! Thats awesome, James. Thanks!
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By cooter on 07-29-2007, 09:02 PM
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WOW! Thats awesome, James. Thanks!
Ummm, ok.
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By GCB on 07-29-2007, 11:20 PM
Re: Mastering The Trade by John F. Carter

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Ummm, ok.
Oops. Sorry, cooter.

That's awesome, cooter!

Actually, just reviewed it and though I appreciate their effort and information and I picked up a few interesting tidbits, there wasn't much there I haven't been able to gather from other Carter resources. In a sense that's reassuring because JC's approach to day trading the ags is so simple. But that's even better if it works. So thanks for the heads up. But I'm glad I didn't pay for it. I couldn't believe all the morons in the background chatting it up while Hubert was talking about tape reading.
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By Jakew on 08-05-2007, 05:20 AM
Re: Mastering The Trade by John F. Carter

Essential. It is somehow surprising that in 2005 one can still write a book on trading that stands tall among all the earlier trading literature. It probably has something to do with J.Carter's passion in sharing his view on trading, that makes his lecture uniquely powerful.
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By OAC on 08-05-2007, 10:02 AM
Re: Mastering The Trade by John F. Carter

The book is over-rated.
It may be a good book but definitely not great .
The book contains an assortment of different techniques which
may wet the appetite of an uninitiate. but each chapter lacks depth.
The book essentially becomes a "jack of all trade and master of none"
variety in my opinion.
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By bronxterp on 08-05-2007, 10:39 AM
Re: Mastering The Trade by John F. Carter

Its definitely a good starter book for trading futures and Forex. When I picked up the book, I really didn't know what a futures contract was. I studied the strategies, but most of them were not for me as far as my main strategies go. I've used "box plays", but usually within another strategy of my own. The book also introduced me to Market Profile, which has been a huge addition to my trading career. That led me to Mind Over Markets and somehow I found this site when researching Market Profile.

Carter's book is a great book for a novice, but its only a starting point.
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By torero on 08-05-2007, 03:18 PM
Re: Mastering The Trade by John F. Carter

I agree that this book is for beginners to daytrading and a few other unfamiliar markets (forex, ags, etc). I think the setups and strategies are for those who haven't found a system and looking for ideas to form one. But the intangibale which other books have not really go in depth is the trading plan. It's a good template to start. I admit I added more content into my already existent trading plan from this book. In the end, it's worth the money on content other than strategies and setups.
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By Dogpile on 08-05-2007, 05:54 PM
Re: Mastering The Trade by John F. Carter

if you get 1 good idea from a book, then it is easily worth a read. this book was not my favorite but there are some good nuggets in there and I did like the Bollinger Band Squeeze Play (Chapter 10) did stimulate some new ideas for me that has turned into a very successful set-up for me.
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By jim2000 on 09-15-2007, 12:54 PM
Re: Mastering The Trade by John F. Carter

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if you get 1 good idea from a book, then it is easily worth a read. this book was not my favorite but there are some good nuggets in there and I did like the Bollinger Band Squeeze Play (Chapter 10) did stimulate some new ideas for me that has turned into a very successful set-up for me.
Would you care to elaborate.

I'm just curious as a newbie to this and trying to decide whether or not to begin futures trading.
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By dalby on 09-15-2007, 06:38 PM
Re: Mastering The Trade by John F. Carter

i find that the bollinger band squeeze (not invented by hubert, but popularized for him ) is VERY useful not just as a way to get a good trade, but to AVOID a bad trade. iow, i have setups that i will not take (short) when a long squeeze is setting up

this has saved me a lot of money. because when the squeeze sets up and then my fade situation sets up, it's the WRONG time to fade (usually)

carter (haven't read the book but watched the videos) started me on my path to profitability. i have him (among others) to thank for that
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