Investor's Library
Review of
The Gartley Trading Method: New Techniques to Profit
from the Market's Most Powerful Information
By Ross L. Beck
Reviewed by Karris Golden,
President and COO, Wasendorf & Associates Inc.
(Traders Press Inc.®, W&A Publishing, SFO magazine)
In recent years, Gartley patterns have received new attention and interest.
That makes sense. The Gartley pattern is among the timeless and best-known retracement patterns. But, until now, there hasn't been a definitive resource that breaks down and explains H.M. Gartley's work and all the commentary that followed it.
Named for H.M. Gartley, a technical analyst, so-called "Gartley patterns" reflect a market's underlying psychology of fear and greed, Beck writes. In The Gartley Trading Method, author Ross L. Beck examines analyses of various Gartley methods, touts the superiority of using a proper Gartley method, explains how to improve your trading by using the method and outlines how to use the most powerful formation in the markets.
The Gartley Trading Method draws together the best commentary from other sources and is filled with Beck's own extensive and in-depth analysis of the Gartley pattern's efficacy, value and implementation.
Beck offers all this information in a conversational, informative manner. His tone is that of a trading coach, with plenty of examples to illustrate the considerable historical and technical information he delivers.
As Beck notes, the renewed popularity of the Gartley pattern can be attributed to its many positive attributes. He lays out Gartley's analysis and shows how to adapt it for today's fast-moving markets.
A good plan is vital for trading success, and Beck insists Gartley's method stands the test of time:
"One Commodity Trading Advisor…I used to work with said that a good trading system is -- get ready for this -- boring! Yes, trading, for the most part, is boring. If you need adrenaline in your life, don't trade financial instruments. Skydive, bungee jump or engage in some other extreme sport if you need 'action'. If you are looking for action with trading, you instantly put yourself at a disadvantage when trading against professionals."
In recent years, Beck has been at the forefront of a push to bring about renewed interest in Gartley patterns. He is a market geometry expert and the world's leading authority on Gartley and his work.
The case studies Beck offers are also particularly helpful. These further illustrate how to put Gartley's methods into action. Beck also distills high concept models and theories in a way that helps even the novice understand.
What Beck has produced in this book is a truly invaluable, needed gift to the trading community. The Gartley Trading Method is well-researched, interesting and wonderfully written. It will stand as the definitive volume on Gartley's work.
More information and full details on this book are available at:
https://www.traderspress.com/detail.php?PKey=825
