Average Reviews:
(More customer reviews)I am very disappointed at this book. Not only have I wasted money on it, but time as well. This book has no new substance whatsoever. It does not provide any new helpful hints or strategies other than the basics every simple trader already knows.
I kept reading and reading, then after a hundred pages I started skimming just to reach something. What is the author suggesting to do to be more profitable at trades? And finally, there it comes. The "Theory of Time Compression". Guess what it is. It is basically this: don't trade utilizing short-term periods (5 minutes), trade utilizing long-term periods (days or weeks). Why? Because when you trade short term your TA signals deceive you and you won't see the big picture. That's it folks! That is the only message of the book!
I am shocked that such a book received 9 five stars out of the 10 that reviewed the book. I am even more shocked by the editorial review: "Reveals how to profit from the actions of market participants operating in different time frames". Really, who wrote this editorial review?
I am very disappointed.
LATER ADDITION:
After posting my comments, I received a response from the author that developed into arguments then took an ugly turn, because of the character of the author, who kept attacking and reducling me. I noticed he did the same with other purchasers who did not like this book. He kept writing in bad language and ill manners, accusing us of being "morons", "stupid", and "losers". His writing also demonstrated an abnormal personality, and he was always writing in exploding capital letters like an inexperienced kid with apparent frustration. If you trust an author who talks like that to his audience, then go ahead and buy the book. But believe me, you would be buying a book, with no substance at all. Save your money, and do a good research. There are plenty of trading books out there by respectable authors that you can benefit from. This book is a scam, don't buy it.
Please check his responses to me and those who gave him a bad rating, then make up your mind.
I also noticed something really suspicious. I decided to look at the reviewers who praised the book. Six of the nine that rated this book as 5 stars have never rated anything else on Amazon. Have they not read any other books on trading? Only two of those nine posted their real names. In addition, none of the nine explained in any way or detail how they were able to utilize the concepts in this book to make them better traders. I even had a response from a "potential" reader who was praising and defending the author and his ideas before he read any of his books!
Therefore here is my question to all those reviewers that gave this book 5 stars: Can you detail the process by which you became a better trader after reading this book? Help me and help potential readers who are deciding whether or not to buy the book for practical help. We all know there is no holy grail, but how exactly did this book help you to be a winner against the other losers?
Finally, I went to the author's website and found out that he advertises and sells a mechanical system that generates buy and sell signals clearly based on Technical Analysis (You can see a program similar to MetaStock with charts and buy and sell signals), while in this book he attacks Technical Analysis in a whole chapter titled "The Illusion of technical Analysis". So which is it Jankovsky?
Readers: Please beware. If you really want to read books that offer value and practical applications, I suggest the followings. These books have many top reviews, not only nine. And you won't find their authors cursing readers who gave their books low rating, and calling them names:
- "Long-Term Secrets of Short-Term Trading", by Larry Williams
- "Way of The Turtles", by Curtis Faith
- "Cybernetic Analysis for Stocks and Futures", by John F. Ehlers
- "High Probability Trading", by Marcel Link
Good luck everyone. Trust me, you can make money in the market. Just read for giants, not suspicious authors.
Click Here to see more reviews about: Time Compression Trading: Exploiting Multiple Time Frames in Zero Sum Markets (Wiley Trading)
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