Rating: - In Response to Dr. Elder
I am honored that Dr. Elder would take the time to respond to my recently published book, "Trend Trading for a Living". For the record, the title was chosen by the publisher for reasons not disclosed to me (my own title suggestion was rejected). With all due respect to one whose work I respect a great deal, I'd like to correct his primary assertion: my book has a lot to do with his, for it was his classic text, "Trading for a Living", that got me started on the road toward building techical trading systems.

As I state in my acknowledgements, "...I am indebted to Alexander Elder, master teacher and market psychologist. Dr. Elder first revealed to me the elegance and logic of technical analysis as applied to price charts. Many of the of the key concepts embedded in the systems explained in this text come from his seminal work...now considered a classic in trading literature" (p. xv). Later in the book, in the introductory chapter, I devote two paragraphs to explaining what I learned from reading Elder's work (p. 17). The principle of "divergence", so central to several of my systems, I learned from him.

Of course, our books differ markedly. I offer 10 complete trading systems (5 long, 5 short) whereas his book offers 3 systems (triple screen, parabolic, channel). Elder is primarily a futures trader, and his examples are from futures markets, whereas I am exclusively a stock trader. One-fifth of my book is devoted to trend trading stock options but his only mentions options (on futures contracts) in passing. And Elder's book offers a catalog (very helpful) of over 20 technical indicators and sentiment readings while I've tried to simplify things by discussing only those indicators I've found to be most reliable for trend trading (trendlines, RSI, MACD, OBV, CCI, Stochastics, Moving Averages, and candlesticks).

Regardless, I hope that Dr. Elder would read my book and learn there just how much his work has meant to me. I owe him a great deal of thanks and hope to meet him one day soon to express that.

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Rating: - Misleading Title
This title attempts to capitalize on the success of my international bestseller TRADING FOR A LIVING. For the record, this 'version' has absolutely nothing to do with my book.

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Rating: - Simple Systems, Big Returns
I have placed all my other trading books back on the bookshelf and this book accompanies me everywhere I go. If you are looking for simple methods with big returns, Dr. Carr's book fits the bill. I have read close to 100 books on trading, but this is the first book that provides beginning-to-end trading strategies. I papertraded Dr. Carr's strategies for a few weeks before I realized I was missing out on some big returns. Now that I am trading with "real" money, my trading account has seen a big boost using the trading methods from this book. Sorry Amazon, but I may not be buying any more trading books!

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Rating: - Dont waste your money on this self promotion book
I must say that I was excited about this book at the beginning. However the more I read, the more I felt like I was reading a flier from another get rick quick site.

The book started with an admirable goal of opening the door for you to trend trading. Yet as I read more and more the self promotion becomes more and more SHAMELESS. Towards the end the book literally asks you to submit a "positive" review and promises you more resources for your "trouble".

Well, there is nothing, and I mean NOTHING here that you can not get over the internet by typing "Trend Trading" or something close to that.

Please save your money and thank your self.

Good Luck

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Rating: - Practical and useful...
This is the most practical and useful book I have ever come cross in this field....easy to understand and follow. The author has provided detailed screening methods that are rarely talked in stock books loaded with theories.