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Time Compression Trading: Exploiting Multiple Time Frames in Zero Sum Markets

  • #1
  • First Post: Nov 7, 2010 1:48am Nov 7, 2010 1:48am

Bought this book recently. The title looked interesting plus had heard good things about the author Jason Jankovsy. Anyone read it yet?

  • #2
  • Nov 7, 2010 3:10am Nov 7, 2010 3:10am
I am selling all my trading books.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3
  • Jan 4, 2012 5:22pm Jan 4, 2012 5:22pm
Quoting vicky_ag

Bought this book recently. The title looked interesting plus had heard good things about the author Jason Jankovsy. Anyone read it yet?


for me one of the best book ever !
  • #4
  • Jan 4, 2012 6:06pm Jan 4, 2012 6:06pm
found it on line with my kindle...looks like a good read...thanks for recommending it.
  • #5
  • Jan 12, 2012 9:43am Jan 12, 2012 9:43am
Quoting vicky_ag

Bought this book recently. The title looked interesting plus had heard good things about the author Jason Jankovsy. Anyone read it yet?

I bought the book after hearing of it from you. I just finished it. It is an easy read and does not present "specific strategies". But as the author mentioned his book is more to try and convey his view of the markets and how he utilizes it to make winning trades.

The author's focus is mainly on understanding market structure from the point of view of how the market physically functions. As well using the structure to identify which traders are holding winning positions. He focuses his attention on how market structure creates trends, tops, and bottoms. Also how to identify these opportunities using multiple time frames.

Until reading this book I had never really paid much attention to reports like COT and open interest, but I will from now on. I have tried everything in trading from micro time frame scalping, to trading daily and weekly charts but always seem to find myself on the wrong side of the trade. This book explains why very plainly.

I enjoyed it immensely and will be reading again this week end to pick up the finer points. I think I will make physical notes to help my understanding.

Anybody else read this book? I too would be interested to hear your impressions.
  • #6
  • Jan 12, 2012 10:02am Jan 12, 2012 10:02am
Yes a read maybe 3 times.
In my idea all the game is "trap traders"
You need to understand "Where" are orders and trap traders.
Becuase in this areas they are forced to take action.

I use this concepts with OrderFlow (I have some resume)
In other hand the author have a web site and give free some daily review.

www.theliononline.com
  • #7
  • Jan 12, 2012 12:32pm Jan 12, 2012 12:32pm
Excellent presentation!
  • #8
  • Jan 12, 2012 1:04pm Jan 12, 2012 1:04pm
i did read this book but i didn't like it.

following is my opinion only, read it and understand it if you like, ignore if you don't

it appears that the author is showing the same old stuff of - follow the big trader and you will make money mantra like so so many other systems / people do.

in reality it is NOT the case.

as per my experience - one has to evolve his or her own strategy to enter/hold/reversal/exit


everyone has his or her own profit/loss targets what most people forget to do is t put a reasonable profit/loss target and stick to it.

a friend of mine trades at a big bull account and this is what he taught me

for every 100$ in capital put 5% in a single trade and with that, put profit/loss ratio of 1:2 or 1:3 that is for 20 pip loss, you either put 40 pip profit or 60 pip profit.

write down your strategy, whatever it is on paper as to what will you do if your trade is in profit, loss or range market.

he told me that he was a loss making self trader before but since he has started trading like that, he is making consistent money.

put a clear profit.loss target daily weekly monthly - it should serve as a guide not something that you will pressure yourself to do. and when you achieve that - STOP trading. dont' be greedy and dont' do the second most common mistake of retail clients - over trading

etc etc etc/

Regards
  • #9
  • Jan 12, 2012 1:52pm Jan 12, 2012 1:52pm
Quoting competent123
i did read this book but i didn't like it.

following is my opinion only, read it and understand it if you like, ignore if you don't

it appears that the author is showing the same old stuff of - follow the big trader and you will make money mantra like so so many other systems / people do.

in reality it is NOT the case.
Oddly I did not glean this from the book...rather that because the market is a zero-sum game, the losers pay the winners...if you want to be a winner, study how the losers are trading and trade against them.


Quoting competent123
everyone has his or her own profit/loss targets what most people forget to do is t put a reasonable profit/loss target and stick to it.
Not addressed in the book at all...no specific strategies are laid out as his focus is learn about market structure and what its participants are thinking when the enter and/or exit trades.

Quoting competent123
write down your strategy, whatever it is on paper as to what will you do if your trade is in profit, loss or range market.
Again this is not discussed in the book...not to say that this advise isn't correct but the book is not a "how to" strategy session but more along the lines of Sun Tzu...know your enemy and know yourself. Understand what the losers are doing and trade opposite to them, so that they will pay you...not the other way around.
  • #10
  • Last Post: Jan 12, 2012 2:47pm Jan 12, 2012 2:47pm
Quoting competent123
i did read this book but i didn't like it.

following is my opinion only, read it and understand it if you like, ignore if you don't

it appears that the author is showing the same old stuff of - follow the big trader and you will make money mantra like so so many other systems / people do.

in reality it is NOT the case.

as per my experience - one has to evolve his or her own strategy to enter/hold/reversal/exit


everyone has his or her own profit/loss targets what most people forget to do is t put a reasonable profit/loss target and...
Well, as you know is not exist ONLY one right form to trade.
Maybe you and your friend have a good result... Great !
But In my idea this is not invalidate the book.
Some other people use some similar stuff.
Lance Begs form YTC course , write a lot about trap traders
Steve Mauro from Market Maker system.
Darkstart from OrderFlow.
Martin Cole - Market Maker system.
I belive until 6 years in trading this one of the best book ever.
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