Traders must learn from their mistakes to be successful

now. I make money now and it is mostly due to this book. Not to take a shot at other books like the Al Brooks books, but they make it complex. This book gave me several strategies to

trade successfully. I use the ladder exit with Kangaroos and Belts, and that has been making me money. I have paid for this book 20 times over by the profits I

have made trading those two systems alone. I don't know if this book will help you, but it sure did help me. I am a Naked Forex trader now, and I couldn't be happier.

double bottoms, breakout re-test of support or resistance, and there you have it. But he renamed pinbars to kangaroo tails, engulfing candles to engulfing shadows

, piercing bars to big belts, double tops and double bottoms whammies and moolahs, and breakout re-test patterns he calls the last kiss

Besides re-naming candlestick patterns Walter offers up his opinion that trading anything below 4 hour charts is noise and that traders should trade in the higher time frames.

Walter is a candlestick pattern trader. He knows nothing of price action. His "room to the left" and "unique space" babble is not only flawed in his approach to trading a clean chart but offers no insight as to price action context,

trends and trend types, and order flow behind market moves. This is why Walter only trades 4 hour daily and weekly charts. He cannot trade anything below these time frames because he doesn't understand price action. Price action

isn't about a rigid candlestick pattern like the ones Ol' Walt wants to sell you. BTW he has a forum that charges monthly so really question if Walt is a successful trader or a good salesman to newbies who just picked up his book

because they have no direction and no one to point them in that direction. Walter has a psychology section and guess what, he's a psychologist with an actual phd. But this doesn't qualify Walt as any

sort of professional. Walt never traded for a hedge fund, investment bank or any institution. Walt simply took existing candlestick patterns from Steve Nisson's book and gave them nicknames.Read more ›

I have been trading Forex for years now. I started back when I could only trade via dial-up. I lost a lot of money then eventually learned that it was me and not the trading world or system or signal that was at fault.

One thing I did learn was to stop relying on technicals and to just learn price action and charts. That combined with Steve Nison's candlestick training and techniques I became profitable

I went from screens with 5 indicators on it down to 1 or 2 and eventually I only throw on a technical now and then to provide some confirmation if needed.

lot less stress and more clear headed, profitable trading. Otherwise, I really just trade charts and candlestick signals when a confluence happens at support/resistance or similar.