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Some of the definitions are missing when the terms first appear, only injected as notes in later chapters. It also failed to explain the thinking behind each indicators. It failed to systematically presents the rules as they contain errors and few formulas.
Some of the definitions contain logical errors. All I got out of the book is that the author is knowledgeable in the subject matter. The presentation of the book is confusing.
However, his book doesn't seem to have a clear goal. With this book, I wasn't able to obtain insights to DeMark's thinking nor a set of rules for trading. The charts usually repeat what he had said in the definition section without further explanation.
Mathematical formulas are provided for only a few of indicators.
But as all theories it only shows a part/an aspect of the fascinating reality of trading. To understand Thomas DeMark this is the best way or maybe the only way.
In a market situation where you have to make decision amongst 70+ TD indicator what is the deciding factor. When I checked some of the website mentioned in the book especially CQG, I found there are close to 70 indicators starting from TD Abs Retrace.TD FlipFlop.TD Propulsion.TD Meghan.TD Rocke.TD Sequential.TD Waldo.TD Wave.TD UVdTV.Some of them have variations like TD Channel1, TD Channel2, TD Pressure TD Pressure1 etc.Many reviewers have written how good these indicators are, my question is how do they use it. The author and book have done their job, If some of you could post your experience using these indicators in real life that would be a great help to everyone. This review is in no way a reflection on Jason Perl. He did a 5***** job explaining Demark indicators.
Very useful for traders who wants to learn details and proper usage of demark indicators.
If you want to do a better job of trading the markets and believe in systems then this book is for you. Mr Perl did an outstanding job of explaining The DeMark indicators. I have read all three books written by Tom DeMark and Mr Perl did an outstanding job of showing the practical use of the DeMark indicators.
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