Toby Crabel Book...

Not wanting to ruin Breakout's market, but I bought one from Amazon 2nd-hand not two months ago for $120.
Had to wait a while (6-9 months, I think), but just left the bid in there and it was eventually hit.
Now if only I could learn that sort of patience in my trading.......
 
Originally posted by Gordon Gekko
excuse my ignorance, but why would this book be worth $500??
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Hey Gordon...I could just say it's worth $500, because that's
what readers are willing to pay, but I'll try to give you a
better answer. (check out "mgkrebs" link)

I think, what has drawn a lot of interest to this book is
the numerous ideas that it contains, and the fact that
the ideas are explained clearly enough, so they can be
backtested again, using more recent data and markets that
have been recently introduced since 1990.

I think there's a huge interest now, with the new
generation of traders that are coming into the market
to do system testing. The popularity of "Wealthlab"
for example.

If you're the type of trader who likes the "objective" or
"mechanical" approach to trading, you would probably benefit
from a book like this.

Several of his studies show events occuring over 90%
of the time. He even has one that occurs 100% of the time.


And the book is chocked full of events that occur between 50
and 70% of the time.


So, if it's so great, why am I selling it? After 17 years in this
business, I've come to the point where I'm happy with
trading breakouts of support and resistance. So, it just sits
on my shelf and collects dust anyway.
 
Originally posted by easyrider
What puzzles me is why they dont reissue the dang thing. He muist have all the money he needs.:D
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They will not reissue it because Crabel will not let them. He trades a 100% mechanical system that is supposidly more or less put to print in this book.

Brandon
 
Originally posted by Long-Way-To-Go
Is this book for/about stocks or commodities/futures?
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Hi Long-Way-To-Go...The book focuses on futures:
Bonds
Soybeans
Gold
S&P
Cattle
EuroDollars
Yen
Franc
Crude Oil
Corn
D-Mark
Silver
Copper
Wheat
Bellies
Live Hogs

I have to agree with DeepHindSight...you could probably
backtest the price patterns on stocks and get some
interesting results.
 
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