Trading Software and Books Reviews

Trend Trading Review

Does Daryl have anything new to say in this book, or does the book contain a more concise treatment of the ideas expressed in some of his early books? Possibly both.

If you haven’t bought any of Daryl’s books before, then it could be time to stick your hand in your pocket and buy two: this one, Trend Trading, and his book on risk management, Better Trading, which I reviewed a year or two back.

Drawing on his market experience and building on an ever-growing understanding of the tools he uses to trade, Daryl has put together a concise book dealing with many of the challenges faced by traders. The catch is that adhering to the guidelines he suggests will test the patience of market students. If a trend doesn’t exist, don’t trade.

The usuals are there, such as his count-back line technique, multiple moving averages and an exploration of Darvas trend trading. While, once again, this is not the ultimate book on technical analysis, it does have some important lessons for both the novice and the experienced trader. It is easy reading and written from the perspective of someone who has made money in the markets – not just talked about doing so.

Remember Daryl is a trader. That’s how he makes his money. To me this means he is worth listening to, especially when the thoughts are expressed as well as they are in this book. Together with Trend Trading, keep in mind my earlier comment about the value of understanding risk management from your own and your trading account’s perspective, and get a copy of Better Trading.

This article was originally published in the Sep/Oct 07 issue of YourTradingEdge magazine (www.YTEmagazine.com). All rights reserved. © Copyright 2009, MarketSource International Pty Ltd.

1 Comment to Trend Trading Review

1. Thanks for the books reviews.
barino cassa on November 16th, 2008

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