Understanding Price Action: Practical Analysis of the 5-Minute Time Frame by Bob Volman

Summary

The book addresses Forex exclusively. While he claims that the methods “are applicable to all markets,” I disagree. Markets have some general similarities, but they also have prominent differences. I think his methods would work on the S&P, but they almost certainly work better on Forex which I don’t trade. I nevertheless recommend this book for a serious trader’s library, although not as heartily as I had originally thought.


Book Information

Understanding Price Action: Practical Analysis of the 5-Minute Time Frame
Written by Bob Volman
Light Tower Publishing, 2014.

Rating

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Original
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Average

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Flash Boys by Michael Lewis

Summary

The dog barking up the wrong tree is the best way to summarize what this book is about. It is doing a disservice to the investment community by planting wrong concepts and ideas about the impact of the HFTs. The promotion of creating a new exchange more evil than the ones we have is unforgivable.


Book Information

Flash Boys
Written by Michael Lewis

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Seven Trading Systems for the S&P Futures by David Bean

Summary

The biggest strength of this book is its focus on testing trading systems empirically. The biggest weakness is the lack of readability. Those who use gaps in their trading will find this book useful, and system writers themselves may get some good ideas on their own just by reading this book. For what it offers, this book is a bargain. For those who remember the days of $3000 trading systems that collapsed upon purchase (or were totally made up insider the so-called trader’s head), this book will be reminder of just how far we’ve come.


Book Information

Seven Trading Systems for the S&P Futures
Capstone Trading, 2010
Written by David Bean

Rating

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Original
Readable
Average

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