Precise Exits and Entries: The Guide to Average True Range and Average Directional Index (Wiley Trading Video)

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Price: $147.50   

Product Description

A complete, hands-on course delivered by one of the masters of technical trading systems

When computers were first used to aid in technical analysis the applications were primitive, but for visionaries, such as Charles LeBeau, their potential was unlimited. In this two-disk DVD tutorial, LeBeau, a 40 year veteran of the markets and one of the most revered pioneers of system trading, introduces you to the trading strategies which he has seen stand the test of time and which he continues to use to increase his winning percentage in today ��s markets. According to him, keys to trading success is adaptability and have multiple strategies available in order to tackle any challenge the market throws at you.

• Expert advice and guidance from system trading superstar on how to choose and optimize the most appropriate strategies for your trading style
• Details LeBeau� s two weapons of choice �the Average Directional Index (ADX) and Average True Range (ATR)
• Provides in-depth analysis and step-by-step instruction on how to use those powerful tools to reinvent the way you trade

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Precise Exits and Entries: The Guide to Average True Range and Average Directional Index (Wiley Trading Video) Review

I watched the videos with a pen and paper in hand expecting to learn about "precise" entry and exit points using ADX and ATR. While Mr. LeBeau is clearly a seasoned trader, he basically offers an overview of what those indicators are and a "general" (not precise) method on how they may be used. He spends about as much time going over RSI and Williams%.

I had expected to hear something akin to this: "everyday I scan for stocks that have ADX below 25 and ATR above $0.75 and then I buy when ADX does this or that and ATR is doing whatever . . . "

But he really just offers some general guidance on how these things "may" be used. I did find it beneficial, and I'm glad I bought the product, I'm just not sure the title lives up to its definition.

LeBeau states several times that traders should not confuse an "indicator" with a trading "system". I suppose I had expected to learn a "system" based on these "indicators", but that's not what you get. He does offer some ideas but never comes around to giving detailed instructions or an actual strategy that you can walk away from and use. He rather has some "ideas" that you could integrate into a system, but there was no precision presented.

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