Bill mclaren

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striking

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Post Number: 1
Registered: 08-2005

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Monday, August 15, 2005 - 05:38 pm:

Afternoon all,
this is my first post, so i will start with a brief intro :-)

im 24
traded a few shares over the last two years and made small returns, withough knowing what i was doing, been reading up on TA for best part of a year and have made my first entry bases soley on TA,

any ways i was recommended by a lady at the ATAA ( which i am seriously considering joining) stand at the brisbane traders expo to watch a video by bill mclaren, his website www.mclarenreport.com has a dvd presentation for $450 was just wondering if it is worth the money or not ?

i am really glad i found this site, it is a great resource

smallworld

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Post Number: 335
Registered: 01-2004

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Wednesday, September 07, 2005 - 10:26 pm:

Welcome Striking,
I think you have indeed found a good place and I hope you'll find what you're looking for in here.

Bill Mclaren, a very good technical analyst, and his DVD is a very good guide. He has 2 DVDs. I have his 1st one which he teaches on foundation of technical analysis. I think it is very beneficial to have it as a guide and as a reference later on. You might find it a little tough going in the beginning if you havent done any TA before. Now if you were at traders expo before, you could buy it from traders expo and get 5 ~ 10% discount. Give them a call.

Bill will help understand the market better. But I must warn you that having a better understanding of the market doesnt necessarily get you better results in trading. In order to get the best of your TA and become a profitable trader, I suggest you also reading Trading in the zone or the Discipline Trader by Mark Douglas.

Happy searching
SW

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stoploss

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Post Number: 218
Registered: 03-2004

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Votes: 0


Thursday, September 08, 2005 - 08:25 am:

Bill McLaren does a free weekly index analysis. Do a google search for McLaren Report. He also wrote a book "Gann Made Easy" which is out of print now. Any book published in Australia needs to have a copy send to the State libraries. Worth checking your State library for a copy.

SL

..then again..I could be totally wrong. So use your own brain and let me know what it brought up.

shaunnic

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Post Number: 1
Registered: 09-2005

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Friday, September 09, 2005 - 09:39 am:

Hi Striking, I'm 23, managed to get hold of the bill mclaren DVD a couple of years back.
I thought the first DVD was really good, teaches you how to recgonise set-ups based on price and volume. The second DVD delves in Gann i believe, which i've never been interested in.
The price tag is hefty, so i'd look at trying to borrow it from someone/where.
A trader who used to post on here a while ago, 'Uturn' trades found BIll Mclaren quite helpful and you might want to search the forum to see if any of his old messages are still on here...

Shaun.

striking

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Post Number: 2
Registered: 08-2005

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Votes: 0


Friday, September 09, 2005 - 05:19 pm:

thank you all for you replies,

I have read quite a few books so far they are
Guppy, chart trading, share trading, trend trading, better trading. small bits of info in each book if it was one big book would be quite good.

Trade your way to financial freedom, Tharp
Trading for a living, Elder
Secrets for profiting in bull and bear markets, Weinstein
Charting in nutshell, HULL

so i am really looking for a good book/DVD on price action which is why i thought of Bill MClarren.

thanks again for any future replies :-)

in that order

kathyb

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Post Number: 91
Registered: 08-2003

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Votes: 0


Wednesday, February 01, 2006 - 09:24 pm:

Hi all

I have a query regards the McLaren Report for those IC members who subscribe to it. Perhaps someone would like to comment.

I have some concern with his data source and interpretation of same that he posts in his charts, particularly with the XAO chart he uses. For example, his chart of 1st Feb shows today on the XAO as a small inside day with a close halfway up the bar which bears no resemblance to any of the data that I have retrieved, regardless of whatever software package you use. This is not the first time. I have previously emailed Bill with regards to previous inconsistencies in his data eg. 26 Aug and 2 Dec and he basically sidestepped the issue. My query is if the data he is using is inaccurate, than one could assume that it could place a different slant TA wise on his forecast of future movements. I will admit that with hindsight it hasn't made a lot of difference to his forecasts so far.

Am I seeing things differently? Any comments would be appreciated.

Thanks

Kathyb

endorphin

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Post Number: 23
Registered: 09-2005

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Votes: 0


Wednesday, February 01, 2006 - 09:30 pm:

I have to agree to disagree, mine says the XAO finished 0.3 of a point off it's high for the day

happy_2

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Post Number: 45
Registered: 05-2004

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Votes: 0


Sunday, March 12, 2006 - 04:02 pm:

I have subscribed to the McLaren Report. What I have seen of his analysis so far is that it is a little difficult to comprehend. I am not sure whether he writes in such an esoteric style to conceal information, or to give an impression that TA is a mysterious art, or because he really thinks in such an obtuse manner.

Apart from the difficulty in understanding what Bill is saying, he does appear to have a degree of exactitude that is rather unusual for many TA commentators. In the main, they appear like psychics who are always having 2 bob each way, so what ever happens they will be right. Bill McLaren is somewhat different in that he will say if 'a' occurs expect 'b', if 'm' occurs expect 'n'.

Just from reading his reports, in which he acknowledges people need to familarize his style of writing in order to comprehend what he is on about, I have learnt some valuable tip bits.

msparks

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Post Number: 366
Registered: 10-2004

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Votes: 0


Sunday, March 12, 2006 - 06:12 pm:

Hi happy2
I agree many are like psychics especially one on another forum.
The reports i have read of BM on cnbc seem very definitive.

Does he discuss many individual stocks in the subscription or mainly overall markets,commodities etc.

I guess what i am asking is does he say like "buy BHP tomorrow" or beat about the bush with scenario's.
Is the report daily for subscription ?
How much?

TIA

msparks

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Post Number: 368
Registered: 10-2004

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Votes: 0


Sunday, March 12, 2006 - 07:23 pm:

Some random quotes i found interesting
"Markets go into tops in two ways. They either exhaust into highs with fast moves. This gets all the buyers into the market so when it does start to correct down there is no one left to support the market.

Or markets will struggle into tops.

On occasion this type of struggling trend can develop into an exhaustion mode of trend but that would be abnormal and I didn’t last over 40 years in this business looking for the ABNORMAL to occur. IF the abnormal does occur it will be easy to see developing."

happy_2

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Post Number: 46
Registered: 05-2004

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Votes: 0


Sunday, March 12, 2006 - 08:13 pm:

Hi msparks,

I have only been a subscriber for 1 week.

No individual stocks have been discussed. He has predominately looked at indexes. Gold and Oil got a look in.

I traded indexes so this suits me fine. Right now I am only giving him a trial.

Regarding his quote about surviving in the business nearly 40yrs because the usual is to be expected than the unusual, certainly gives a lot of confidence to a practitioner of TA.

Certainly interesting how he described the tops. They either struggle or fly to a crescendo screaming, "I am going to reverse."

Makes sense really, either the market has met resistance and there is equal buying pressure and selling because a top is being recognised, or the buyers are so over-enthusiatic in their acceptance of the hype that the market spikes.