17 of 17 people found the following review helpful
Brilliant but very flawed,
This review is from: Technical Analysis for the Trading Professional: Strategies and Techniques for Superior Returns (McGraw-Hill Trader's Edge Series) (Hardcover)
I first discovered this writer after buying her book on fibonacci and it is without doubt the best book I have come across on the subject. This book continues the high standard, but has major flaws. I have been trading for about 8 years now and although profitable, am aware I still have more to learn, so still buy books, do a lot of reading and a lot of studying. Over the years I have bought many books and most of them are trash, obviously written by people who dont know as much as they claim. Constance Brown quite obviously knows her subject in depth, and this book would undoubtably be the best book I have yet come across except for two very major flaws. First, she frequently mentions that Gann is a major part of her analysis method, then refuses to divulge those methods (so why even mention it? - I have a keen interest in Gann method, so this in itself is frustrating). However, perhaps the most absurd of all is that a large part of this book is written about what she calls the Composite indicator, how to use it, and how to use it together with the RSI indicator, but then tells you she is not telling you what the composite indicator is! Dont misunderstand me, I do still think the book contains a lot of good information, especially about giving more thought to how to use indicators, elliot wave, and a lot more, but I cannot help but feeling she is being a bit dishonest with this book. How can you base the best part of an entire book around something you then tell the reader that you will not divulge what it is? I have read this book about 6 times, have got much useful ideas from it, but always end up being a bit angry and feeling a bit deceived - why even mention a composite index indicator if you then refuse to say what it is? Of course, she does say that you should check her web site, and then you find that she offers a course at over 5000 dollars where she will tell you what the composite index indicator is.......