Trend Trading Set-Ups: Entering and Exiting Trends for Maximum Profit
$21.91
| Author(s) | |
|---|---|
| Pages |
268 |
| Format |
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| Published Date |
2012 |
Trend Trading Set-Ups extends the neoclassical concept of qualified trend first introduced by Little in Trend Qualification and Trading, providing traders and investors with a sound methodology for uncovering the very best trade set-ups and the ability to time trade entries like never before.
Introduction:
The complexities of trading are numerous yet the general concepts need not be. Trading is hard enough without making it more so. Trading in real time is seldom simple yet consistently profitable if the methods are sound. My contribution to this endeavor is a set of methods and principles that further this desirable outcome. AlthoughTrend Trading Set-Ups endeavors to reduce the complexities of trading, it would be a mistake to conceptualize trading as simple and predictable. It is anything but. If a market participant seeks a simple rule that says to always buy this technical indicator or that pattern, then this book will disappoint.
What is offered are the data driven trading principals that have driven the conclusions regarding those trades that have the highest probabilities for success. A definition of each trade type is succinctly presented and accompanied by the ideal general market and sector alignment conditions along with the ideal stock trade triggers.
It is the trader who takes a potential trade set-up and evaluates its possibilities. With practice, the trades with extraordinary potential can be separated from those with lesser potential. Just as importantly, the weak and worthless opportunities can be avoided. With study and practice, the highest probabilities trades that embody the greatest potential can be recognized and pursued with increased regularity. When accomplished, no longer will success be the result of mere chance but instead the embodiment of predictable probabilities.
Contents:
- Identifying and Qualifying Trend Probabilities
- Anchor Zones: The Key to Timing Trades
- Broader Influences Affecting Stocks
- Formulating a Workable Trading Plan
- The Data behind Trend Trade Set-Ups
- Sideways Range Trades
- Breakout and Retrace Trade Set-Ups
- Unleashing Trade Potential
Trend Trading Set-Ups: Entering & Exiting Trends for Maximum Profit By L. A. Little PDF
19 reviews for Trend Trading Set-Ups: Entering and Exiting Trends for Maximum Profit
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Connor Rosales (verified owner) –
Excellence!!! This is really good book that who want to be a successful trader can’t miss. L.A. Little will reveal the way to beat the market.
Kamari Guerrero (verified owner) –
This book is useless and irrelevant as no Setups are provided in reality ….. this book is expensive and completely misleading in its title
Amira Carrillo (verified owner) –
A must read for the experienced technician. I have read literally hundreds and hundreds of books on trading, and this one easily makes my Top 10.
Aleah Norman (verified owner) –
If you want to learn how to estimate probabilities about the possible changes in a trend and by the way where to buy or sell to improve your trading this is the book for you.
Katie Cox (verified owner) –
The book reads like a thesis project. The author overwhelms the reader with data but draws few usable conclusions. And those conclusions aren’t anything new, just new names.
Gunnar Montgomery (verified owner) –
Mr. Little has done a spectacular job at defining and qualifying trends. Trends are boiled down to their bare essential: price and volume. No complex technical indicators no superfluous stuff. Simplicity is the hardest thing to reach in the markets and He has done an outstanding job at this. His work had a profound influence on the way i approach the markets. Thanks to him, i awakened…
Katalina Garrison (verified owner) –
L.A. Little is a technical trader with his own system, neoclassical. This book is well researched and meticulously informative like his other books. There seems to be thousands of technical traders, but just a handful of neoclassical traders, and I think that gives it an edge. it works well. He’s got a website, too, at TAToday, plus there are utubes that show his method.
Margot Pope (verified owner) –
I have read & experimented and paid school fees on many technical entry techniques. This book has a simple, highly effective methodology that has worked for me and I have been able to apply the ideas directly to my trading. This book needs to be read with Little’s other in the series. I hesitated to get them both but now refer to them constantly and wish I had come across them 20 years ago when I started investing. There are no guarantees in trading but this is as close as one can get.
Hendrix Shepherd (verified owner) –
I just finished reading this book, L.A. Little’s “Trend Trading Set-Ups”, and found it very interesting.
I like how he uses basic data price, volume, and time in his method to define support and resistance and then trends. He uses volume quantitatively to confirm trend. He supports his ideas with measurements, and he provides probabilities of the duration of the trends from the measurements.
Going beyond bullish and bearish trends as defined in point and figure and kagi methods, which I like, he includes sideways trends. This book provides a brief explanation of how he determines sideways trends and their ranges, which he has described in more detail earlier in his book “Trend Qualification and Trading”.
I’d like to thank L.A. Little for sharing his thought provoking ideas and research. I have ordered his earlier book “Trend Qualification and Trading” and am looking forward to reading and exploring its ideas.
Aziel Wiggins (verified owner) –
I have traded off and on for many years now and studied about every approach I could get my hands on. Most trading books (I’ve probably read a 100) are absolutely useless and are written by people who can’t trade, but I highly recommend reading first, Trend Qualification and Trading, followed by Trend Trading Set-ups, both by L.A. Little. His approach is scientific and full of logic. He teaches you to read price and volume action and pick your lowest risk points of entry. No indicators or complicated waves that can’t predict anything. I love it! I’ve made several trades over the last month, most of them just related to the Spy and QQQ using L.A.’s techniques. Just one loss occurred and it was a small one because I recognized conditions had changed and I was on the wrong side. I know a few trades doesn’t prove much, but I’m encouraged. At least I know what to focus on going forward!
Kareem Morton (verified owner) –
I’m a 10+ year trading who trades momentum on Forex spot market. Have had the trend trading setups book for a few years and it’s probably the book I refer back to the most. It’s written in a very wonky manner . . .nothing half baked, discretionary, or untested. If anything, it’s a bit of a heavy lift to read because there is so much (valuable) specificity. If you are a trend trader, or a momentum trader, this is a must read. My primary strategy is trading “fresh new trends” and this books has much to offer on that topic. If you’re prepared to dig deep to take full advantage of the significant research done to produce this book, you’ll be glad you spent your time and money (imo).
Evangeline Graves (verified owner) –
LA Little’s book: Trend Trading Set-Ups has opened a new chapter in my investing and trading endeavors. The Book “Trend Trading Set-Ups” has given me the understanding of how to find and qualify a stock that is in a trend. This book introduces a neoclassical way to look at a stock, sector, and the market to validate that the market is in the right condition to maximize profits. People have come up with patterns, waves, oscillators and other magic to read the markets and they hold no merit. I have read a handful of great books but it wasn’t until I found LA’s book that I found this simple, yet robust trading style that allowed me to finally become consistently profitable. As an author LA captivated the reader with his writing style being fluid, to the point, and understandable. The simple method he puts forth is something anyone can use while viewing charts. I have read this book and was able to implement this method into trading immediately with instance results. I have been using his trading method for about a year now and it has proved to be the first that has offered results I can measure in my trading account.
That’s the proof in the pudding!
Cash Welch (verified owner) –
Well, I bought this book because of other people’s reviews. So far I have read it and read it again, I don’t seem to understand what he’s talking about. It seems it was some kind of a thesis, not something a wannabe trader would easily learn from. Although I sort of try to understand what he’s getting at, I just don’t fully grasp his points. Chief problem with this author is he’s not a great communicator, at least in this book. He should have been able to distill his points into finer material for his readers. The book has a theoretical approach more than anything, which does not help the newbie trend trader. I tell ya, I generally don’t take much time to understand advanced concepts, having a background in applied maths myself but the content seemed like abstract algebra – too dense. I will hold on to the book until I understand what was the point of writing such a book. For now, is is irrelevant in my trading books library.
Cesar Phan (verified owner) –
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 you
Prince Ingram (verified owner) –
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.
Alexa Pollard (verified owner) –
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.
Elsa Jensen (verified owner) –
He did not explain in a clear and concise fashion what trends were. Too much data tables…more like a college statistics book.
Breakout chapters are good though.
Kinley Velez (verified owner) –
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 imho
3. 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..
Capri Cervantes (verified owner) –
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.