The MEJT System: A New Tool for Day Trading the S&P 500 Index
Change the way you trade the S&P 500 Index
This book is not another compilation of indicators you already know; none of the tools herein has been published in book form before. MEJT is a different system based on the principle that price action during certain times of the day allows you to make predictions regarding future support and resistance levels. The system allows you to tell, well in advance, which moves might have staying power and which ones should retrace.
If you use t
List Price: $ 59.99
Price: $ 35.98
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{ 2 comments… read them below or add one }
An outlier,
So many “trading” books are written using a template: a) present general market concepts; b) throw in a measure of a risk management discussion; c) describe different type of execution orders; d) equipment to use to execute your trades; e) 1/4 of a teaspoon of trading strategies based on the same basic “indicators”; f) examples of mostly successfully executed trades. Then the book is presented as “useful enough for a professional and novice alike.”
I must say that this book is much different. Author doesn’t waste your time on useless banter about the same old well known concepts. He shares his truly unique approach to markets in a concise and clear manner. There are no Bollinger bands or Fibs or RSI references – only empirical evidence of a profound market insight gained from years of daily observation of S&P.
Sorry to disappoint Holy Grail seekers: I don’t know that every reader of the book can instantly acquire the skills that will put her/him ahead of the trading crowd, but that is one of the reasons this approach is such a gem, else it would become useless the moment thousands began using it.
My goal in exploring different trading approaches is to glean something new and unique from the styles of successful traders and add a little something to my own style – I have certainly accomplished that having read this book, and I’ve added a lot more than $40 worth of market knowledge to my collection.
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|The MEJT System (Soft cover edition),
Although I have been trading for three decades I do not consider myself a professional trader (I have a full time R&D job and I am not a day trader), none the less I find this book well written , clearly illustrated and easily applicable to my trading style. I was able to understand the author’s methodology quickly after only a brief review of the books content and was able to put on a successful trade which more than covered the cost of this book. Over the years I have read many books on trading the markets and have had limited success however I find this one a real “keeper”.
This book focuses on an elegant yet simple price support/resistance trading method applied specifically to the S&P 500 Index (SPX) at certain 10 minute intervals on the daily time frame. In general the authors’ technique is designed for day trading. Yet depending on market conditions the author explains that a trade may carryover for a few days. The author provides clear back tested examples in order to reinforce the concepts. I find that this technique suits my trend trading orientation even in the current trend-less market (i.e. on the weekly/monthly time frame), when reinforced with other internal market indicators, this tool can be extremely helpful in entering a trade and setting targets. Simply put, this technique provides me with confidence to anticipate the not so obvious short-term market direction. Along with prudent risk management, this trading tool is highly valuable to me and I intend to apply its edge whenever setting future trades.
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