Trend Trading Set-Ups: Entering and Exiting Trends for Maximum Profit Hardcover – October 9, 2012

Once again L A Little has delivered on his book title. His previous work "Trend Qualification and Trading" sets up the framework for this book. A logical process is taken as the building blocks are added to help traders and investors navigate the markets for capital preservation and profit.I am always sceptical about follow up books, as mostly I am disappointed by lack of additional new information or concepts. (To me they are usually a money making exercise riding on the success of previous work or reputation). This book is different. I was pleasantly surprised by the significant amount of new information on probabilities - all back-tested with cumulative distributions also. This is analysed in the body of the book and neatly presented in tabular form in the appendices.Analogous to his previous work, a great deal of relevant detail is included with marked up charts to drive the important points home to secure trading independence for the reader. This is the real deal.Given that I have been a student of the markets for some years now, I must emphasise that L A Little has provided the most comprehensive, practical and logical framework I have seen to date, so much so that I keep a set of charts marked up using his methods.My recommendation is to read his previous work with this one...pay attention to the detail, use it and before you know it his methods will become second nature to you. This is my experience...and I must say so many times this methodology has given an excellent read on the market to truly AMAZING accuracy.To the author's credit, he clearly formulates his concepts supported by back-tested results and puts it out there for the reader so you are not left wondering.Buy this book. Enjoy. I trust it will help you, as it has helped me....all the best.

I bought this book and the preceding one by the same author (trend qualification) and have been reading it for about two weeks now. I've even tried trading using the concepts here and:1. Theoretically, the strategy should work. Its simple really, you just need to do figure out the trend, the anchor zones, and the entry and exit price. Then choose the stock with the best risk-reward ratio and tada! profits.2. In practice though, the strategy involves buying lower and lower near resistance points. This is very hard to do. Since prices are already on the resistance and falling - if feels like buying near a cliff. The stop loss should take care of large losses, but still.. A person would need to be pretty brave or pretty sure that the system works in order to do that imho3. Figuring out how to exactly ferret out the resistance zones is very hard. And what if one is wrong and placed the lines at the wrong price points? A few percentage points off and the risk-reward ratio will change considerably.Mainly I think this is a viable system. Now, if only I can master the zones..

One of the best books I have studied on trading. The approach is very objective. Author is very clear in his writing about his approach to trading.If you want to approach your trading(chart) in objective manner, yet with simple rules, which are easy to remember and easy to follow this is the book. Author has explained every single rule of his trading in great detail and in step by step manner.One of the most difficult things in trading is how to objectively define the trend. This is the question I have asked to so called profitable traders and most of less I have got a one line answer, uptrend is sequence of HH HL and down trend is sequence of LH LL. But which one is hh , hl, lh and ll. How to define it in words? What is the definition? No many were able to give me. After reading this book I can objectively define what is a trend, how does trend continue and how does trend change. This for me the the brilliant work done by the author.A word of caution if your discretionary trader then this book is not for youRegards,NP.S.-One should purchase Trend qualification book also from the same author to have in depth unederstanding.

This book is unreadable. Like most stock books, it's full of the author telling you how he knows more than everyone and his way is the only way, etc. This guy provides lots of data that is useless and unverifiable to almost everyone. He draws very questionable conclusions. Most importantly, he tells you hardly anything about how to apply this information to trading (at least through the first 6 chapters.

If you are looking for practical advice on how to deal with challenges and pitfalls of particular setups under a range of trend-related circumstances, this is not the right book for you. Instead, the author is ambitious to provide the reader with scientific explanation for specific setups using numbers and probabilities. I am even wondering whether the text may originally have been a thesis or some other academic research paper. All in all, all theory and little practice.