Title: Interesting, but system doesn't work well
Product review: Well, I enjoyed the book immensely, and liked the author's concept of the Directional Day Filter. Anyway, he bases his entire system on breakouts against the trend. Using my live market feed, I automated his rules to a letter via a homegrown app, and my losses mounted by the day. I implemented his definition of Support and Resistance, and whenever I broke through these levels, and the appropriate stochastic indicators indicated that I buy or sell, I would buy or sell short appropriately, and the stock would invariably reverse shortly thereafter. His mechanism was not reliable at all. To the contrary, you can get some good info from his book, and trade of support and resistance levels by themselves, reversing position when these respective levels are hit. This makes entirely more sense, and will allow you to profit consistently, contrary to what the author stipulates.
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