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4 Reviews
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4 of 4 people found the following review helpful
5.0 out of 5 stars a very good book, 15 Dec 2012
This book contains the in-depth description about 7 tools the author uses. There's a solid money management system and stop loss with the use of the ATR in the first Chapter. I found very interesting the chapters about momentum and the tecnique associated with the entry in a downtrend mode. it resemble "the early bird" tecnique seen in his previous book but this time used in the daily timeframe and has been a bit improved by the use of the fractals or pivot points. The author at the end of each chapter suggests different indicators or different authors to read from.
In short a book that is cheap and full of profitable information about trading.
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11 of 12 people found the following review helpful
4.0 out of 5 stars Lucky 7, 19 July 2010
By 
Mazbar (London, UK) - See all my reviews
Another great book from trading nerd Malcolm Pryor.

I've read his other books but not yet bought his dvd, as it's out of my price range.

In his latest offering Malky extols the virtues of 7 of his favourite trading tools.

The sections on Directional Movement, Relative Strength and using ATR to manage stops are great.

He has an interesting way of objectively looking at support and resistance using what he calls 'fractals, nothing to do with multiple time frames though, as I first thought.

The sections on oscillators, momentum and moving averages were a touch light.

At the end of the book Malky takes us through a case study where he brings it all together. This was the best bit of the book for me.

I took away a handful of ideas and methodologies to play with. Well worth the money to hear Malky's take on the tools.
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3 of 3 people found the following review helpful
5.0 out of 5 stars So Many To choose From, 9 May 2011
By 
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As a relative newcomer to trading the financial markets it's apparent that there are thousands of technical indicators available. This book is one man's take on what works for him and each indicator is explained in an easy to understand way with examples of how they can be used to assist when selecting entry and exit points for a trade, as well as for finding potential trades themselves. Again i recommend this book and currently it represents excellent value for money in my view.
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6 of 7 people found the following review helpful
5.0 out of 5 stars Do you have a trading edge?, 8 Nov 2010
If you intend to take this profession seriously and run it as a business then you will need an edge, this book helps direct you towards those edges.

It's also a well documented fact that the ratio of losing to wining spreadbetters is approximately 80/20 so with this important fact in mind if one wants to become truly profitable at this game then you do need to develop your trading strategies for any given market condition, this book helps you achieve this.

To accompany this book I would also recommend Alexander Elders intuitive book, Trading for a Living & Van Tharps - Trade your way to finacial freedom.

Good luck (although luck shouldn't come into it if you have the correct trading plan, money management skills & mindset in place or as Alexander Elder more eloquently puts it....... "its all about the three M's: Mind, Money & Method!)

TSM
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