[torero]

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.

[Dogpile]

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.

[jim2000]

Originally Posted by Dogpile »

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.

[dalby]

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

[dowe66]

On 11-28-07 I felt:

As a new trader I am reading it now....I'll have to report on it later...but so far it has been one of the best books I have read as well as enlightening.

On 3-8-08 I felt:

As a day trader...I liked what the author had to say. I did learn a couple of new things, which made the book worth the price. I have several books about trading, this book is one that I no longer referred to, to check on something I may have read (it stays on the book shelf). If you are new, study something lighter and then take a look at this book-its a little advanced at times. Over all, I would give this book a 8 out of 10 because I did learn something, and that's what counts.

[sergey22]

I have to admit, this is the book that got me into trading. From a begginer stand point this book is priceless, it touches on many important concepts and setups of trading and leaves the rest for you to discover. I've been a long term subsriber to John's videos and I've learned a great deal from him. I don't think just by reading this book (If you are a begginer) you are going to be able to trade profitably, but it would definately get you on the right path.

Just like John said to become professional it takes at least 10 years, so the sooner you start the faster you will be there

[OAC]

I can't agree with you more there.
my next question is why does John Carter charge close to $500 for each of his TTM Squeeze, TTM Scalp, and TTM Brick Indicators like they are some Holy Grail Indicators ? Why doesn't he just give them away ? It sure create the wrong impressionj for a newbie in my opinion.
Or is it that he needs the money because he can't make enough from trading ?

[sergey22]

Its just another way for him to make money, even though I think its not ethical because those indicators are available for free and they are not that complicated. I really hope he does make money trading (he constantly claims that he does and this teaching business is just a side project from trading). ... There is no way of verifing it. I haven't read anything bad about them, eveyone says they are a real deal.

P.S. I remember him saying that he hired a programmer to develop those indicators, I'm a little sceptical of that because from my research I found that squeeze was not developed by him and he only changed colors on the indicator and claimed it as his.