July 24th, 2010 
kk 
- ISBN13: 9780470581209
- Condition: New
- Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
Product Description
A worldwide leader in financial trading software shares one of its most successful systems
In AbleTrend, Dr. John Wang discloses for the first time, the fundamental principles behind his bestselling and award-winning trading system, AbleTrend signals. Sophisticated in scope, yet written in a way that any trader can understand, this book skillfully presents the theory behind this award-winning system.
This reliable resource presents the logic of a proven system that reveals the direction of a trend at its early stage in all markets-stocks, commodities, foreign currencies, ETFs, e-Minis, and mutual funds. It also identifies objective, automatic buy/sell/stop signals, helping you manage risk, make rational trading decisions, and eliminate the guesswork.
- Pinpoint when market trends start and end, and where the key support and resistance are
- It’s universal-applied to any market and any time chart
- Applications are offered with over 20 real-market case studies
- AbleTrend confidential seminar costs $2,000, now you may get the secrets from this book
- AbleTrend was developed by a recognized authority and expert trading system developer
AbleTrend presents innovative decision-making trading concepts that will allow ordinary traders to identify market trends and seek profits from them.
AbleTrend: Identifying and Analyzing Market Trends for Trading Success
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This book is useful to traders of all backgrounds. I know that it will help me in my own trading. Most of the concepts in the book apply to trading in multiple markets and on multiple time frames. This book has a lot of information about both entry and exit strategies. There is not a lot of complicated math. It is easier to read and understand than many books about technical analysis and trading. It not necessary to know anything about charting before reading the book. In fact, if you read this book you will probably conclude that most books about technicial analysis are worthless. It is true that some parts of the book apply to functions of the AbleTrend 7.0 program, but most of the concepts are universal. The book is valuable whether you have used AbleTrend 7.0 or not. Besides trading techniques, the book has some interesting information on how Chinese philosophy applies to trading. The book presents some some compelling theories on why some trading techniques make sense while others will never work.
It is true that some of the indicators discussed in the book are proprietary. I don’t think that this takes away from the usefulness of the book. It is not really necessary to know all of the mathematical algorithms. The most unfortunate aspect of the book is that it is printed in black & white. There are many trading examples, but they are difficult to follow because you cannot see the colors on the charts. You will probably want to get the book’s charts in color by contacting AbleSys.
Rating: 5 / 5
This book was written by the founders of the Ablesys Corporation that created the trading software AbleTrend. The book was written to explain the principles behind AbleTrend and why it works successfully. The book takes great effort to demonstrate and convince the reader that AbleTrend works and that it can be utilized in real trades for success. “The primary purpose of this book is to define a trend objectively so traders can follow the trend for profits in trading”. “If you wish to trade the markets with consistent success, you must abandon against trend methods and begin to follow the natural law of trading with trends”. Built into the AbleTrend software are just six trend related indicators: moving averages, exponential moving average, weighted moving average, MACD, ADX, and STARC bands. The system is a trend following system and does not do well in choppy markets after several losses in a row the book advises to go to cash and wait for a range breakout. The AbleTrend software gives a blue color on the charts to buy a red color to go short and a green color to designate no trend. The chart also shows resistance and support on charts and exactly where to stop your losses and get out if the signal proves to be wrong. The book explains the advantages of using their software because it gives clear signals and takes the impulse and emotion out of trading. The book is a good trading book because it discusses all the areas that will make you successful in trading. Trading using a system, which you can adjust AbleTrend to fit your specific methods and time periods. It strongly emphasizes winning comes from trading in the direction of the trend and not trying to predict or guess what the market will do, simply go in the direction of the market with trailing stops behind your wins or stop losses if you are wrong. In this book you get the philosophy of trend following that I completely agree with and use successfully myself along with charts showing real world applications of the principles. The book discusses the critical topics of discipline and risk management through proper positions sizing. I really enjoyed this book but it did little to add to what I had already learned from reading the books by Michael Covel and Alexander Elder. Also this book will likely seem like a late night infomercial to many readers and they will feel like this book is just an attempt to sell expensive software. With that said, the book contains the same principles that I use in real trading and I believe that the AbleTrend software may be one of the best on the market based on the principles of the book. This is a great book for beginning traders or those very interested in this specific software. Seasoned traders will likely be disappointed in the simplicity and product endorsement.
Rating: 4 / 5
I have been following Dr. Wang’s methodologies for years and finally have a chance to better understand its principles and the philosophies behind it. Through years of studying and testing the market with various indicators Dr. Wang discovered that AbleTrend is the most powerful one. I now fully agree. I have lost plenty of money by trading with other strategies, or on fundamentals of companies, only to be burned by the market or by my own emotions. Following the trends instead of fighting or guessing just makes perfect sense. Aside from the technical aspects of trading strategies and tools, I really enjoyed Chapter 4 on the essential philosophy behind trading. I found this book very insightful and helpful to me!
Rating: 5 / 5
I’ve been AbleTrend customer for many years. AbleTrend helped me become a disciplined trader. I cannot believe that Dr. Wang has revealed so many secrets in the book that we used to pay thousands to attend his seminar! I have studies many trading books on the market, from John Murphy’s to Tom DeMark’s, no one ever before, has scientifically defined a trend at this level of specific and objective! Author’s strong scientific background in physics and chemistry made him the master of making complicated trading simpler. For the first time, an objective way of defining a market trend has been introduced, in this book. Once you learned it, you will never see the market in the same way again. This book is NOT an infomercial. I agree with the other reviewer, it’s the accumulation of author’s research and trading experiences for the past 15 years. If you read this book, really study it, you will be able to focus on 2 things: finding objective early trends, and setting optimal stops. There are so many noises around interfering your trading, but by following the methods introduced in this book, you will able to stay in the winning positions till it’s full maturity, and to have the courage to exit from loosing trades early. Best yet, the Eastern philosophy introduced in the book will help you to find the harmony with the market and with everything else in your life. The book is priceless.
Rating: 5 / 5
The book appears to tie in with the system the author sells for approximately $5000 plus modules for an additional cost per month. I was a fool and bought the system with the understanding it was complete and self contained at the lump sum price. Then after about a year of service, I got the module cost dropped on me. Sadly, the system didn’t work for me. Better just watching the ADX, MacD, and slow STO movements in different time frames – ALL FREE INDICATORS anyway.
The system reminded me of watching the movements of the parabolic SAR – ALSO A FREE INDICATOR.
I personally consider this book a complete waste of time and an insult to the reader.
Rating: 1 / 5