The Simple Strategy - A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs and Forex

I am actually change my review to 5 stars from 1 star. I contacted the author after this review and they are sending me The newest addition for free. I am so happy with their customer service and follow through. Just know when buying this book that the charts are not in color and hard to follow.I cannot even give an e as the book is not readable. My first copy the pages were not cut apart and the charts discuss colors of certain indicators but they are in black and white. It is impossible to read the charts without the colors. I ordered another book thinking this was a fluke. Nope - the pages are cut apart but the book’s charts are not in color as detailed in the descriptions of the charts. Just wondering if anyone has a book with colored charts?

I loved this book! I began trading 12 years ago but really began to educate myself on trading 7 years ago. I have read everything from Bogle, Livermore, Swedroe, Solin, Gaffen to Elder, Schiff, Maloney, Covel, Murphy, Swanson, Swager, Little, Kirkpatrick, Couling, Parness, Young, Oneill. The problem with majority of the right hand side authors you have to find certain brokerage services or buy their packages/programs to learn more. Now Heitkoetter does want you to use his volatility based charting system that some brokerage services do not offer. If you are day trading I do recommend finding a brokerage firm that offers this service as using time charts is better for the swing trader. The brokerage houses that I found that have the volatility charting are TD Ameritrade (since the bought Think or Swim) and Interactive Brokers (IB) but could not get it for Fidelity.His strategies are great in here but I want you to understand that a great trader becomes great when he finds his own techniques. It could be to use Keitkoetter's system but maybe change up the Bollinger Bands/MACD/RSI time frames.

Warning: you will likely lose money if you trade the strategy recommended in this book.The book describes a "simple strategy" based on a combination of basic indicators (RSI, Bollinger Bands, and MACD). Although the book claims that the book has "clear entry rules," some of the "rules" are actually rather squishy and ill-defined. For example, the instructions are to set up a stop order when the close of a bar is "AT or NEAR the Upper Bollinger Band." How near is "near"? This is a case of "I know it when I see it," not a clearly-defined, unambiguous rule.From the text of the book, it is clear that the author has never properly backtested the strategy using automated techniques. Instead, he recommends a manual form of so-called "backtesting" that involves simply looking at old charts for prior trading days and determining by hand (with the benefit of hindsight) where you would have made entries and exits. This approach leaves a huge risk for subconsciously fudging the results -- you will tend to see trades where they would have been successful, while overlooking trades that would have turned out to be losing trades.I set out to test this strategy more rigorously, by coding the rules in the programming language EasyLanguage and testing it against historical data for the S&P 500 e-mini using the MultiCharts trading platform. The results: on average, you will lose about $33 per trade (including commissions and slippage). I tried the strategy on some other symbols, as well, and it was similarly dismal.

This is an excellent read, and I knew so when he said he preferred tick to time charts and range was even better than tick. That screams professional. This simple strategy will allow you to "eat" while you get better at trading. I have 13 years experience as a trader, oh wait, 14 now. I believe in continuing education. This little book will help the novice as well as remind the seasoned professional looking to add yet another tool to their box. Without finishing the book I threw up a chart and rocked 37 cent a contract, while I finished reading. Yeah, and my risk was all of a nickel. I also knew he was spot on when he pegged his euro setting at 12 cent. If that 12 cent figure didn't resonate with you, buy the book. If the 12 cent figure did resonate with you, then buy the book. I will leave you with this. 17 cent on the pound.

I suffer from "analysis paralysis" and get so overwhelmed with all the information about trading available on the net, books, seminars, etc. That's why I am extremely happy that I stumbled upon the Rockwell website with its free E-Book titled "The Complete Guide to Day Trading." The author simplifies a very complex subject- day trading- using very few pages. In this book, "The Simple Strategy," the author clarifies exactly how to use a few powerful indicators and how to apply them to the different markets. He also provides links for a free paper trading account, charting software, etc. I'm not sure why he does it, but I for one am grateful. Thanks Markus!

If you are newbie as I was when I bought this book, and looking a starting point - this book will make you INTRO point in to a Business of Trading. The strategy explained in this book doesn't work at least not for a day trader, may be for long term guys, again may be... Don't expect to learn from this book what you really need to become a Consistently Successful Trader. If you are looking for "Golden Strategy or Rules Book" - there is NONE. So safe yourself a time and money, stop believing in "fairy tales", and understand following - 80-90% of trading books on market - useless. Go to CME of Forex sites they have courses for free. Learn basics there, then go and get yourself in to a REPUTABLE online school with "holding hand" mentoring option. The longer "holding hand" mentoring option included in price the better for you. Expect 3 - 5 months to learn basics, + 3 - 4 moths to work on demo account before opening the real one. I will give you a direction - "Institutional trading", now make a proper research

Simple it is.....the success is really the Law of Large Numbers. You do enough trades and it accrues a yield but I wouldn't say it is a great strategy to apply/utilise. But as a relevant first stage application for beginners then yes on balance it works. I've only backtested for 12 months on the major fx pairings only.

Great little book! Shows you each step to the strategy with great examples! It won't make you a millionaire but it will give you a fantastic idea into the technical side of trading for beginners and after studying the strategy and testing it I found it a very useful and stress free way of trading! Great fun, for the price of the book I think anyone interested in trading should not only give it a read but also give it a go! NOT MANY BOOKS LIKE THIS OUT THERE SO PICK IT UP YOU WONT REGRET IT!

I felt I learnt more form this simple guide than from the £10-15 hard print books I've purchased since. A simple strategy that isn't always going to work, but more often than not it gives you the edge you need. I've read a few more forex ebooks since, and although I liked http://www.amazon.co.uk/50-Pips-Day-Forex-Strategy-ebook/dp/B008NWF4JE/ref=pd_cp_kinc_1 I didn't find it as comprehensive.

I have recently purchased this book on Amazon. Within hours I put it to test with FX and made gains!Since I have had very positive results with couple of losers!Very interesting system that needs some practice. Well worth the buy so far!!

This is an excellent book! The strategy is great and explained well. I actually done some back testing on this and the results were very affective. Very few false signals. You will only get a few entry signals a day with this but it is a good strategy - also check out the authors website it's very useful and does training courses too.