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Old 06-25-2010, 10:44 AM   #1

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Trading Full Circle: The Complete Underground Trader System For Timing and Profiting

Trading Full Circle: The Complete Underground Trader System For Timing and Profiting in All Financial Markets

New book released. I have not read it, but looks like could be a decent read. If you order, I would suggest getting through Amazon and NOT traders library as Amazon has it discounted.
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Old 06-25-2010, 11:31 AM   #2

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Re: Trading Full Circle: The Complete Underground Trader System For Timing and Profit

The review lost my attention when it indicated that the book was based on the sameO, sameO.

"Yu illustrates how to combine the best chart patterns with candlesticks, Bollinger bands, stochastics"

Candlesticks, Bollinger Bands, Stochastics - Interesting, Hardly, New, Not, State of the art, not even near. Breakthrough, LOL. Worth $150, not.
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Old 06-25-2010, 02:32 PM   #3

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Re: Trading Full Circle: The Complete Underground Trader System For Timing and Profit

Going along with what Urma said, I stumbled upon some interesting statistics regarding candlesticks. Using k-means clustering of various candles, some (unexpected?) statistics can be calculated about the biases of each cluster (candle type, in this case).

Intelligent Trading: Quantitative Candlestick Pattern Recognition (HMM, Baum Welch, and all that)

tl;dr: "bull hammer" type candles are most commonly followed by bear WRB's using the QQQQ sample set that the author used.
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Old 06-25-2010, 05:08 PM   #4

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Re: Trading Full Circle: The Complete Underground Trader System For Timing and Profit

Quote:
Originally Posted by UrmaBlume »
The review lost my attention when it indicated that the book was based on the sameO, sameO.

"Yu illustrates how to combine the best chart patterns with candlesticks, Bollinger bands, stochastics"

Candlesticks, Bollinger Bands, Stochastics - Interesting, Hardly, New, Not, State of the art, not even near. Breakthrough, LOL. Worth $150, not.
Agreed.

I bet it has a chapter on Money Management, and another on the importance of psychology.

I'm gunna write a book one day, and it will be called 'How To Make Money Trading'. It will be about 4-6 pages and not have a single chart - well maybe one or two.

The 4-6 pages will just be about 1 aspect of trading - position management.

I will sell it for $5,000 - about the price of a basic retail account. I think my price will hit the sweet spot. Although it may seem expensive at $1k per page, the probability is that any newbie will lose his $5k without reading my book. What I'm selling therefore is more time. Years in fact. Anyone want to save a few years staring in a screen for $5k?
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Old 06-25-2010, 05:16 PM   #5

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Re: Trading Full Circle: The Complete Underground Trader System For Timing and Profit

......................... ......................... .......................

Last edited by macdfx; 06-25-2010 at 05:55 PM.
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Old 06-25-2010, 05:24 PM   #6

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Re: Trading Full Circle: The Complete Underground Trader System For Timing and Profit

Here is a 35-page condensed version of that book .....

http://tinyurl.com/2b73uz5
Attached Files
File Type: pdf JeaYu.pdf (592.1 KB, 217 views)
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Old 06-26-2010, 03:39 PM   #7

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Re: Trading Full Circle: The Complete Underground Trader System For Timing and Profit

There are too many picutres in that book, but it looks interesting. I will have to give it a read when I am on a plane with some free time.
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Old 06-27-2010, 03:50 AM   #8



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Re: Trading Full Circle: The Complete Underground Trader System For Timing and Profit

Like the above haven't read this one. But do remember many years ago subscribing to his service back in the days where you could daytrade the spreads - bid/ask on stocks. The good 'ol days when stock daytrading was easy. At that time he was very successful but obviously that whole strategy was wiped out with the changes.
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