[james_gsx]

Originally Posted by 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.

He makes plenty of money trading. Sure he's wrong sometimes and loses money but so does every trader.

1 - Don't buy his book to learn how to trade and just like anything else, don't use someone else's indicators unless they work for YOU. He even talks about that in his book.
2 - His book is GREAT from the psychology aspect of trading. If you are new to trading then his book is great for that since it will open your eyes and realize just how harsh it really is.
3 - The section on market internals is awesome. He teaches you how to read internals and apply them to your trading.

I have read his book and I don't use any of his setups. I'm glad I read it and I recommend it to anyone who is new to futures. I think his book is very real and that's probably the biggest reason why I actually read the book.

You can download most of his indicators on TS forums and even some of them are around here. In his book he basically tells you what the squeeze is so it shouldn't be that hard to make the indicator yourself.

If you're looking for setups or anything like that then don't buy his book. Buy his book for a great introduction to trading futures then design a system on your own that works for you (with the least amount of indicators as possible).

[Scott Nails]

When they're young, you can even act coyish.

[OAC]

Although there are bits of useful trading ideas in this book. my previous suspicion of this book being nothing more than a promo piece for his more expensive paid services can be substantiated by one of his most recent webinar entitled : " How to become the top 1% of all internet marketers', or something to that effect.

[miamijack]

First book read on trading from a tech standpoint. I want an updated version already. Have things changed or are basics still basics? Great videos on site for learning.

[MRC & Co]

Yeh, great book, but his 'indicators' are BS priced and you don't need them anyways, they are almost worthless IMHO.

It's how you apply it in a discretional manner that counts.

Oh and it doesn't take nearly 10 years to become a successful trader. Some guys who are good can be a gun within a year.

[relizer]

I would recommend this book. I was a floor trader and used a lot of these ideas. This book was able to put what I did into words.

[OAC]

Originally Posted by relizer »

I would recommend this book. I was a floor trader and used a lot of these ideas. This book was able to put what I did into words.

One of John Carter's most well-known techniques was using the Daily Pivots, for instance, by placing an order to buy at S1 and place a stop under S2, or short R1 and place stop above R2. I hope that is not what you are talking about.

[john_jeremiah_hall]

I have the audio version of it and its also a good summary and I like to listen while driving.