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- Last Updated: 23 November 2013
- By Support
In his second book, Trend Qualification and Trading, L.A. laid out his neoclassical methodology for qualifying trends and measuring supply and demand - on the charts. Some of the comments offered on Amazon reflect what this book means to the market technician.
"A very well written, exhaustively detailed book with accurately notated chart patterns. If you've ever wondered why you get wiped out every time you make a typical trend following trade, this book will show you the reasons why - and how to then turn your trading around in the most useful way imaginable."
"As someone who has read too many books on Technical Analysis, it's rare to come across one that makes new contributions to the field and is so well written."
"I first want to say that I love L.A. Little's trading methodology outlined in this book. The concepts of swing points and anchor bars denoting areas of significance on a chart make perfect sense to me. The use of volume to qualify reactions at these natural support and resistance levels ties it together nicely. While not ideal for very short term traders in my opinion, neoclassical charting is great for swing traders and position players. I've grown tired of rsi, macd and stochastics and the constant confusion of mixed and false signals they create. This method is much more specific when it counts. And when trends are 'suspect' so should your willingness to put on big positions. Increase your risk when the conviction grows."
"Having read quite a few TA books, this one is a keeper. LA teaches you how to identify what trends have the best probabilities of continuing and which ones don't. He has added his own unique approach to the TA world that many will benefit from by putting in the effort to understand the concepts being presented. Trading is about probabilities, not about predicting the future. By reading this book, you will learn how to stack the odds in your favor for successful trading."
About the Author
L.A. Little earned a Master of Science degree in Telecommunications from the University of Colorado. Prior to that, he earned undergraduate degrees in Computer Science (AAS) and a Bachelor’s degree with a double major in Computer Information Systems and Philosophy from the University of Southern Colorado. He has written and presented material at a number of regional, national, and international conferences.