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     uturn
Member
Username: uturn
Post Number: 365
Registered: 09-2002Rating: N/A
Votes: 0
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| | Saturday, March 01, 2003 - 12:15 pm: |  
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Trends and Tripwires by Bill Wormald
http://www.trendsandtripwires.com/
"Discover the hidden advantage of parallel trend trading" Bill Wormald.
Hi All,
This book is the most important trading book I have ever read.
My apologies to Bill if I have misrepresented his valuable techniques and insights into the market.
As traders, the most necessary and vital information relates to turning points.
Where will the ST, MT, and LT trends retrace or reverse?
Some of the IC members have viewed these high probability turning points as a threat to their trading plans.
Back testing reveals conclusively that the market turns at these trend parallel levels.
If your trading plan / style prohibits you from trading with the market when it turns (ST, MT reversals or retracements),
why not see them as the ideal point or level to trade up or down to?
It was never my intention to challenge, alter or influence anyones trading style.
Bill's book will turbo-charge all trading styles with vital market knowledge.
From the front cover:
"Chart and Trade the Sharemarket with dominant Trend angles"
"Discover Methods of Professional Traders"
"Parallel Trends mean Dominant Angles"
"What to Buy and When"
"When to Sell and Keep Your Profit"
"How to avoid Tripwires"
Cheers,
uturn
"The market is always turning"
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andrewk
Member
Username: andrewk
Post Number: 13
Registered: 09-2003Rating: N/A
Votes: 0
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| | Thursday, October 02, 2003 - 03:16 pm: |
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I will have to admit that I was a bit skeptical of this book, because of the way you have been pushing this book and Bills website (also, IMHO I think his website is extremely ugly - perhaps you can persuade him to make it look a bit more pleasant..).
But anyway, I find your system of trading very interesting, so I convinced myself to buy the book. I must say I was pleasantly surprised. It didn't necessarily tell me information that I hadn't already suspected, but it did confirm it for me. The writing style writing is very logical and straight to the point, but does not miss the big picture like many authors seem to..
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uturn
Member
Username: uturn
Post Number: 546
Registered: 09-2002Rating: N/A
Votes: 0
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| | Thursday, October 02, 2003 - 03:45 pm: |
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Hi Andrew,
I didn't realise I was 'pushing it'.
Sorry if I put you off
(I have no commercial interest).
Traders who bought the Trend Tracker package from Bill when he was in Melbourne.
are reporting increased profits.
I am very passionate about trading,
and especially about discovering an edge to the market.
I'm still hearing Traders say they don't know when to exit.
The very simple solution is:
"Buy a Trend Tracker from Bill Wormald and learn how to use it (lessons on the web page)."
I'll forward this link to Bill with your web page comments.
Perhaps the home page needs to be absolutely simple,
with all the 'goodies' inside?
Cheers ..... uturn
Something:
Of all the world, there is Something that only You can Do. Only You can Be.
It is not for anyone else..... Chaitanya
_________________________________________________________________________________
The author is not a Licenced Investment Advisor. The material in this post is of a general nature and for discussion purposes only. It neither purports nor intends to be advice. Readers should
not act on the basis of any matter in this post.
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andrewk
Member
Username: andrewk
Post Number: 14
Registered: 09-2003Rating: N/A
Votes: 0
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| | Thursday, October 02, 2003 - 04:30 pm: |
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Yeah, I do realize that you are simply very passionate about the system. I have to point out, however, that kids  of my generation (particularly people with logical thinking type temperaments) are increasingly turned off by advertising - but unfortunately, we perceive people who happen to be very passionate about a particular product (perhaps because they have found it to be infinitely useful...) to be a salesman - even if they are not selling anything. But fortunately I was open minded enough to get past that and was able to purchase and get a lot out of the book..
As far as the website goes, it really needs a different colour scheme, and perhaps a more friendly layout..
I would also recommend it - I agree that exit points are extremely important, certainly more important to me than entry points..
(Message edited by andrewk on October 02, 2003)
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tip
Member
Username: tip
Post Number: 32
Registered: 12-2002Rating: N/A
Votes: 0
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| | Friday, October 03, 2003 - 10:19 am: |
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HI Uturn,
I have read the book and found it most interesting, just a question about Bill's Trendlines, can I draw them myself on any charting package or do I need a specific setup
Cheers
Tip
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palace
Member
Username: palace
Post Number: 134
Registered: 06-2003Rating: N/A
Votes: 0
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| | Tuesday, October 07, 2003 - 08:12 am: |
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hi tip
answering in lieu of u turn
i believe as long as you use daily charts, 200 days of data approx,and a bar chart ,you are set to go ,
mick
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tip
Member
Username: tip
Post Number: 33
Registered: 12-2002Rating: N/A
Votes: 0
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| | Tuesday, October 07, 2003 - 10:11 am: |
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Thanks for That
Cheers
Tip
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12th_man
Member
Username: 12th_man
Post Number: 6
Registered: 09-2003Rating: N/A
Votes: 0
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| | Friday, November 21, 2003 - 01:43 pm: |
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Hi guys,
Looking at purchasing this book as a Christmas present for myself.
Just wondering if the book is enough or do I need the screen overlay?
12th Man
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spider
Member
Username: spider
Post Number: 1247
Registered: 10-2002Rating: N/A
Votes: 0
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| | Friday, November 21, 2003 - 04:06 pm: |
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12th man,
I would not put this book at the top of my Christmas list, it's worth a read, but only if you have read most of the others.
spider.
"Men are like ... Coffee ... The best ones are rich, warm, & can keep you up all night long."
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mosaic1996
Member
Username: mosaic1996
Post Number: 458
Registered: 01-2003Rating: N/A
Votes: 0
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| | Friday, November 21, 2003 - 04:34 pm: |
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Hi 12th man,
I believe that you would need the overlay.
However, I haven't read the book, nor do I have an overlay.
May be worth posting the question on the ASX stocks thread as there are several people on the forum that have purchased the screen overlay. They may not monitor this section of the forum. I'm sure that you would be forgiven for posting off topic.
Cheers,
Mosaic
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myklan
Member
Username: myklan
Post Number: 56
Registered: 01-2003Rating: N/A
Votes: 0
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| | Friday, November 21, 2003 - 06:55 pm: |
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The book only gives you the theory, without the overlays you will find it very hard to put any of the ideas into practise.
In this case you have to buy both.
IMHO
myklan
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macka
Member
Username: macka
Post Number: 19
Registered: 10-2003Rating: N/A
Votes: 0
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| | Friday, November 21, 2003 - 11:42 pm: |
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12th man
The overlay is what it is all about.
The book without the overlay is like the thought without a special person.
I use the overlay consistently and it serves my short term CFD trading plan very well. And I might add that you can get by with the overlay and access to the web site lessons without the book but then again why compromise. If your budget only allows one go for the overlay and the web site lessons but in my opinion the cost of the total is money well spent.
Macka
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12th_man
Member
Username: 12th_man
Post Number: 7
Registered: 09-2003Rating: N/A
Votes: 0
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| | Tuesday, November 25, 2003 - 10:13 am: |
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Thankyou Spider, Mosaic, Myklan and Macka for your replies and advice.
Spider: I will read your book review section to see what other books may suit me.
Thanks again all.
regards,
12th Man
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mosaic1996
Member
Username: mosaic1996
Post Number: 473
Registered: 01-2003Rating: N/A
Votes: 0
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| | Tuesday, November 25, 2003 - 11:30 am: |
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