Review – AbleTrend – Identification and Analysis of Trade Successful Market Trends

In this 268-page hardcover book, the award-winning Dr. AbleTrend, the creator of the best-selling market trading system. John Wang reveals many secrets behind the award-winning system. The book, however, is not a duplicate presentation of proprietary information presented in expensive workshops given by Dr. Wang.

What you get from the book is a scientific, objective way identify market trends. The old saying that Trend is your friend is probably no less true than it was first said by an ancient Japanese or Chinese rice merchant many centuries ago. No matter how primitive it may seem, it is not so easy to identify a trend early, nor to determine exactly where the trend ends.

However, this information is very important for your trading success because the trend determines which side of the market you are on, long or short, where the buy / sell and loss stop prices should be sent, the location of support and resistance prices and finally. The amount of risk you should be willing to take objectively in any trade.

Trend analysis is even more complicated because individual traders operate in different time frames. A one-day trader who wants to clean his hair for a few points or pips has a completely different perspective on the trend than managing a 401 (k) portfolio for retirement in 10 years. The principles presented in the book have a universal application for any market and at any time, and make them equally suitable for scalpers and investors.

Many readers also Dr. He enjoys explaining the philosophy behind Wang’s successful trading method. Discipline and rational risk management are critical to your success as a trader compared to any computer algorithm. His philosophy has skillfully touched on the basic principles of the AbleTrend trading system so that even an inexperienced trader can see how the points of support and resistance and loss should not be arbitrary or emotional.

Some readers have criticized the book because it looks like a trailer for the AbleTrend software package. I suspect that this may be an expression of greater frustration that Dr. Wang’s private trading software algorithms are not designed for everyone to see and copy.

If you are looking for a trading book to add to your library that will provide you with insights into how to objectively identify the beginning and end of a trend in stocks, commodities, foreign currencies, ETFs, e-minis, and mutual funds, then you are likely to benefit from this book.