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Strategies & Market Trends : Book: Hit And Run Trading by Jeff Cooper -- Ignore unavailable to you. Want to Upgrade?

To: Slava Chechik who wrote (378)	7/7/1998 1:35:00 PM
From: ted cerezo	Respond to of 438

Hi Slava...Since no one will answer your question, the book is about entry strategies. It's not a book on TA. It's not a book on systems or system development. There's plenty of other books that cover those subjects. It's a entry strategy book. There's been good and bad comments made about the book. I have my own opinion about the book but I choose not to state my opinion. The chapter on expansion breakout is fine but a novice reading it don't understand the consolidation basing patterns that develops before a expansion breakout. A solid foundation in knowing the basics in TA is definately helpful for the reader.....Ted

To: Slava Chechik who wrote (378)	7/7/1998 2:11:00 PM
From: ted cerezo	Read Replies (2) \| Respond to of 438

Hi Slava...The common complaint is that this book doesn't cover exit strategies. It is just a entry strategy book! There are other books that cover this most very important and complex subject. A common and popular method to test entry strategies is by using time limit stop. For example, the percentage of profitable trades and unprofitable trades after 3 bars or 3 days....5 bars or 5 days, and etc. etc. Keep in mind this testing method have it's disadvantage but so do all other testing methods. Just like all exit strategies or a combination of exit strategies have their disadvantage too...Ted