A Powerful Day Trading Strategy For Trading Futures

Very informative and the type of system that anyone can follow!

Markus writes in a very straight forward style and it is good to have someone explain just a single system in detail along with reasonings and plenty of examples rather than attempt to explain the entire stock market which many authors tend to do.

If there were more books around like this there would be many more knowledgable traders around who know more in terms of specifics about what they do and more importantly, WHY!

Highly recommended reading and this strategy has given me far greater knowledge in Bollinger Bands and MACD analysis, two of the mainstay indicators in any traders arsenal.

Money well spent!

The content was good, since it introduced me to range bars and their use. It was a little annoying when the author referred to colors on the various charts he provided, but the charts were only in black and white. The colors might have made the subject matter more easily followed.

I definitly would reccomend this book to new and advanced daytraders. I have been daytrading and swingtrading for 4 years and I like the ideas behind Heitkoetter's strategy. I especially like the riskt to reward setup and the mindless trading rules that leave all emotion out of each trade. I already impliment some of these strategies before I have read this book and I wont be changed anything with my strategy based on this book but for traders who are struggling and need a base and simple strategy this is the book for you. This book only takes about an hour to read which is very convienent for busy lifestyles so you really can not go wrong with this buy.

-CodysTrades

Trading futures is not at all easy. The simple Strategy simply shows you how to use existing indicators on your platform to find one maybe two entries intraday when the market is trending. This is especially useful to traders starting out with small accounts.
Please make sure you understand hoe MACD and Bolinger bands work so you can understand why you are taking the trade and not just following the rules of the strategy.

The book promises a complete trading system. I have to acknowledge the book does include a lot of things (entries, exits, etc) but it is not a complete system. In fact it lacks many things, such as money management practices and actual trading results.

Very useful, I have been using a similar strategy to this one and won over 2 thousand euros in a month, and I am still an university student with no previous study in the financial markets except from Ben Graham book and others. 5/5 its the strategy that works most of the time, if the market does not fluctuate too much.

From a guy who doesn't write reviews.... There are a lot if books, blogs, and all sorts of expert advice for more than I used to make in trades. I say used to because this simple approach changed my plan today and is showing real promise. Last night, I read this book and slightly changed the strategy for letting a day lapse in a stock (5d5m for pattern validation/added momentum strategy). First, I back tested against the stocks I bought that day and changed my hold/sell plan for the next morning....gained $400. Then I applied the plan today with 7 of 9 good entries across different stocks. At market close, those were up another $390... If this pace continues, I will soon have enough funds to not worry about being labeled a pattern day trader. :) --- thanks Markus

Like many readers, I like this "simple" strategy day trading. Actually it's not that simple. The money management is its fundamental rule number one. In such short fashion, the book gave a clear DT strategy plus money management, enough to make a living. Highly recommend.

I initially had some doubts about buying this book as it only had 21 pages!

Thank goodness that I did, as every page is worth it's weight in gold.

Once again, a great book that is clear, concise and very easy to read! I hope you find it as useful and helpful as I did.

As you trade on smaller and smaller time frames the odds of you being successful diminish. While there are some good and solid ideas in this book regarding tachincal analysis, if day trading was REALLY succesful, why wouldn't everyone do day trading?

The author goes through each step with you which is very simple and helpful. It makes setting up your chart very easy. The only downside is that it is hard to find a free charting software that includes range bars. You will have to pay monthly for a charting software that's uses the range bar setup. Overall great book for anyone who is planning to day trade or is currently day trading.

This is a typical scam artist. Nice cover with horrible content. Typical used car sales tactics. Filling up pages with graphs which are not even colored and then explaining which color means what in a graph.

The Simple Strategy is easy to understand and to follow in practice . It uses some dependable indicators to determine the market trend and strength. The Entry Signal and Exit rules are straight forward and easy to apply. The system uses a profit target calculation that is 1.5 times larger than the protective stop order so one need only be correct 50% of the time to make money. This should be relatively easy to achieve if you follow the trade setup and profit target rules. These rules are simple and should keep you from trading in congestion, which is a major source of trading losses. A better title for the book might have been "A Simple but Effective Strategy".

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.

Markus describes a step by step simple strategy on his book. It is quite easy to understand and follow. Help is offered at the end of the book in the event you are not familiar with the software.
Great way to start with a trading strategy.

The book was written in simple terms for the very beginner but it was written well. I have read of very similiar stratagies before and can see how they would work. I have not actually used this strategy yet but plan to do something similiar soon.

Well worth reading. A simple entry exit plan but extremely educational about how important "money management" is in trading. I've been down the road learning about trading and this is a great little book!

Well worth reading. A simple entry exit plan but extremely educational about how important "money management" is in trading. I've been down the road learning about trading and this is a great little book!

The book is a sincere assessment of what it means to be a day trader. There are no false promises, illusions, pipe dreams. Just a realistic look at the expectations and one approach to begin daytrading in a systematic fashion. I would say that the biggest value of the book is not necessarily the system (reading charts, indicators, etc are highly subjective), but rather the illuminating message that discipline, intelligence and sensibility can be a recipe for making a living trading.
Thanks a lot for making the book free. Your book could really make a difference in my life!

Only entering the forex market and seen the title "simple". You do need to know what you are doing and what all the indicators mean and how the market works before buying this book.

Cheers Adam

The strategy is simple enough. Although the author claims that it's easy and clear this is not entirely the case. For example he states that you should but when the price is "close" to the upper Bollinger band. What does "close" mean exactly. Very subjective.

Also the book provides not evidence to backup the claim that this is a profitable strategy. There is no backing testing or anything of the sort. Ultimately you will need to check and test the strategy to ensure that it works in the markets you trade.

Also I did some searching around the internet and it seems ultimately this guy is a "scam". To be honest I really don't know who to believe but I dont' have the time to test this strategy or risk my money with it. With proper testing and risk management this strategy might work. But who knows.

In my opinion you should skip this book and get something like "Short Term Strategies that Work" by Connor. That book is definitely better. Don't waste your money on this one.

Just finished book and yet to implement strategy. However, the author does a very good job outlining and describing the procedure. Again, I have yet to test the strategy but it seems to be straight forward and I can see if followed "exactly" should be produce profits. Thanks you, BCB500.

This book has a excellent jet simple strategy that many trading rooms use. The strategy is base on the way The Market Trends. I'm not sure if the author compelling story is true or false, but I will do my research. Now days everyone's moms have something to sell. I will use the strategy, Tested and write a fallow up review.

Markus introduces the concept of range bars which have opened my eyes to a number if new perspectives on thrmarkets. He trades a lot of futures and I'm an IRA trader - but you can still apply the principles to stocksand indice options where I like to play

I'm going to give this a serious attempt

I recommend the book

Bill Lasko

Author is honest and justify the title. This will get the novice started . Use range bar as suggested by author, I understand Author
knows more about trading then what he can say in this little booklet.