New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion

Unlike other technical analysis books, DeMark's two volumes on his exclusive indicators give you ready-to-implement formulas, and he discusses the logic behind those ideas. Whereas other authors discuss head-and-shoulders ad nauseum, DeMark gives you new ideas. You can implement his indicators (most of which don't work all the time, unsurprisingly), and can then think of ways to improve them. Of course, in the end, you have to keep in mind that the market is more or less a legalized casino, where only a lucky few can come out ahead in the long run. Luck is probably the most important trading system you'll need.

Good book.From a different angle, I recommend my book  Profit from 2017 Market Crash , which has 240 pages (6*9).It explains why we may have a market crash in 2017 and how to prepare for it. It also includes simple techniques (no subscription and no tool to buy) to detect market plunges that have worked in the last two major market plunges. Our simple chart tells us to exit and reenter only two times from 2000 to 2010 and only one false signal that tells us to exit but return shortly. Recently it told us to return in 09/2009 and stay in the market most of the time.

Excellent book for learning new timing techniques for the Forex market

There are both good and bad things about DeMark's book.Good - two chapters on Sequential and Combo. It is the most detailed examination of the various contingencies one finds himself in when applying these indicators. The text is sometimes copy/paste identical - but that's partly because the indicators are similar.DeMark took a very intuitive, but confusing notion of trend exhaustion and designed two systems around it - built primarily on the time aspect of trading.I also find DeMark pivots useful in combination with other indicators.Bad - droning monothone of the presentation. The two "good" chapters, for example, would have benefited greatly from a flow-chart presentation of the indicators.Bad - excessive self-aggrandizement and trade-marking of things known long before him. Retracements - both relative and absolute - go back to at least 1920's. Similar for TD Lines, TD Channel I-II and, let us not forget, TD Wave...I guess, I wouldn't mind if he were to simply explain why 1/4 of a Fib. retracement makes a good daily channel (because it's so darn close to a round number of 5%) - it's the endless TD'ing of everthing in sight that is objectionable.

This is the first time I've commented on a book here on Amazon before reading it.What strikes me is that the reviews can be broken up into two camps:- trading professionals working in the industry, who have the indicators already programmed on their terminals, and who have the incentive to use them- trading amateurs, either complaining about the poor structure, layout or grammer used in the book, or who don't have the means or the ability to program the indicators for themselves.With this in mind I ordered the book, figuring that I would much rather trade on the same side as the professionals. I gave it four stars so as not to unduly influence the book's current rating.

This is a sequal to his earlier book, "The New Science of Technical Analysis." It is detailed though not easy reading. It is an excellent lesson in how to apply technical analysis from one of the most successful traders. I would consier it "must reading" for anyone trading commodies as well as equities. You should have a basic knowledge of technical analysis prior to reading the book.

This is an extremely convoluted book that takes a Philadelphia lawyer to figure out. Mr. DeMark launches right into extremely technical applications of his different trademarked bar identification codes without first giving the slightest clue to basic structure and premise of his bar identification counts. This book is quite expensive too, even through a discount seller such as Amazon. To be retained by such fabled traders as Paul Jones, Leon Cooperman, Steve Cohen and others it makes me wonder if they couldn't figure out bar his count system either and the only way to find out was to hire him? This is a sophisticated technique with anything of the slightest technical nature. To make it so complex the publisher can't figure out what he is publishing and the reader has to think the writer is pretty smart because he sure as hell can't figure out what he is writing about. I cannot recommend this book. Save your money.

If you are just beginning trading, I cannot recommend this book. Tom has pretty good ideas on his books, and this one is no exception! The thing is, this book won't be easy to grasp if you still don't have the basic know how about this business.Tom explains a lot of indicators (how they are calculated and variations about the way you can use them) on this book, including his own - If you use Tradestation, you'll love using his indicators on a backtest of your favorite markets - but won't teach you how to build a trading plan. But there other books for that chapter!He also doesn't write in the most clearer of ways - sometimes you'll find yourself rereading several paragraphs back to completely understand some concepts. All in all I consider this to be a valuable book to add to your library with fresh and innovative ideas on some old concepts.

I'm sure there are some good ideas in this book, but it is written so badly that it is very frustrating to read. Tom DeMark may be a very clever man, but he really needed to write this in co-operation with a proper writer, someone who could take his ideas and turn them into readable prose.I normally hate it when authors of TA books invent terms seemingly for the hell of it, but in the case of this book I wish DeMark had done it more often. For instance, I lost count of the number of times he repeated the definition of what a setup day was (sometimes more than once on a page) - given the definition he uses is very wordy, I was crying out for him to just define the term Setup Day (or more likely TD Setup Day) and use that from then on. And this isn't the only case either. You could easily lose a third of the text of this book and not make it any less clear - in fact, it would probably be a lot more clear and easy to understand.

Not recommended for learning how to trade. it is a book that explains how each indicator works. Does not provide any strategy etc. I like DeMark but this is expensive and I wish I would have not bought it, did not help me at all. Buy J. Pearl book much more into how it works.NOT RECOMENED