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Title: Trading with Oscillators : Pinpointing Market Extremes—Theory and Practice by Mark Etzkorn ISBN: 0471155381 Publisher: John Wiley & Sons Pub. Date: 1997 Format: Paperback Volumes: 1 List Price(USD): $44.95 |
Average Customer Rating: 3.29
Rating: 1
Summary: College work, not for traders
Comment: This book is like a college work, it's not for traders. It has a lot of tests, and says a lot about why not to use oscilators. But in the end is the feeling that this book was made for a college lecture, not for discussion with traders. Don't waste your money, nothing can be learned from this book.
Rating: 3
Summary: A Simple Collection
Comment: This book is not "a breakthrough" about oscillators, but a simple collection of some indicators. It lacks the intellectual depth of the book, "Trading for a Living," by Dr. Alexander Elder.
In the middle of the book, the author presented others' tests on some popular oscillators and the conclusion is indeed ugly for any "meaningful" usage of any oscillators, but the author had to acknowledge numerous times in the book that the oscillators do pinpoint the extremes of underlying markets quite well. The reader is then left wondering what has been gone wrong. The author does not offer any deeper insight than the plain facts. In fact, it is not the oscillators' fault, but the people use and test them in the wrong way.
The later half of the book is even more disappointing. The author just briefly outlined some new ideas and innovations, but never gave any test results. You might wonder why? The author clearly has the backtesting tools in his hands, TradeStation by Omega Research. He could have just run a few model tests on S&P500 or some other indexes and shown those results in his book, but he never did so. Should readers use those new indicators or not? The author did not answer directly to this question, but used the old testing results of some other indicators to conclude his book, "The evidence suggests oscillators function better as discretionary or forecasting tools than as the foundation for systematic trading strategies."
Overall, this book has some value to educate the general readers and introduce the ideas of momentum-based indicators, but fall short of the promise in its title, "Trading with Oscillators."
Rating: 4
Summary: much needed specialized review
Comment: I was the type of person whom the author describes as familiar on a superficial level with oscillators and their use in trading. This book took me to a deeper level. Lots of good stuff and depth. The author is not shy in documenting oscillators weak-points either, so it's not just a market cheerleading book. Kind of overpriced for a pretty thin paperback, but I'm not sorry I bought it.
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Title: Bollinger on Bollinger Bands by John A. Bollinger ISBN: 0071373683 Publisher: McGraw-Hill Trade Pub. Date: 27 July, 2001 List Price(USD): $49.95 |
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Title: Come Into My Trading Room: A Complete Guide to Trading by Alexander Elder ISBN: 0471225347 Publisher: John Wiley & Sons Pub. Date: 19 April, 2002 List Price(USD): $49.95 |
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Title: Momentum, Direction, and Divergence by William Blau ISBN: 0471027294 Publisher: John Wiley & Sons Pub. Date: 06 March, 1995 List Price(USD): $60.00 |
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Title: The Encyclopedia Of Technical Market Indicators, Second Edition by Robert W. Colby ISBN: 0070120579 Publisher: McGraw-Hill Trade Pub. Date: 22 October, 2002 List Price(USD): $70.00 |
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Title: Big Trends in Trading: Strategies to Master Major Market Moves by Price Headley, Marketplace Books ISBN: 0471412694 Publisher: John Wiley & Sons Pub. Date: 01 February, 2002 List Price(USD): $39.95 |
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