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Candlestick and Pivot Point Trading Triggers: Setups for Stock, Forex, and Futures Markets HAR/CDR Edition

4.2 out of 5 stars 68 ratings

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In his first book, A Complete Guide to Technical Trading Tactics, John Person introduced traders to the concept of integrating candlestick charting with pivot point analysis. Now, in Candlestick and Pivot Point Trading Triggers, he goes a step further and shows you how to devise your own setups and triggers&;in the stock, forex, and futures markets&;based on a moving average approach.

Note: Website and other supplementary materials are not included as part of eBook file.

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Editorial Reviews

From the Inside Flap

With instant electronic market access and powerful financial tools at their disposal, today's "technician"&;one who practices the art of technical analysis&;has more opportunities than ever before to profitably trade in a variety of markets. But in order to truly excel, you need a method that will allow you to identify market moves, and strategies that will allow you to make the most of those moves.

John Person has been in the trading business for almost thirty years&;as a broker, a trader, and a teacher of traders. During this time, he's refined his trading skills and, by using candlestick formations in conjunction with pivot points, developed a reliable methodology that will help you make smarter trades with less risk.

In his first book, A Complete Guide to Technical Trading Tactics, Person introduced traders to the concept of integrating candlestick charting with pivot point analysis. Now, in Candlestick and Pivot Point Trading Triggers, he goes a step further and shows you how to devise your own setups and triggers&;in the stock, forex, and futures markets&;based on a moving average approach.

Filled with in-depth insights and expert advice, this comprehensive guide:

  • Examines the methodology of pivot point analysis and how it can be applied to different markets
  • Shows you what to look for when reading candlestick charts and why you should rely on price rather than indicators
  • Discusses how to find certain setups and explains what triggers a call to trading action
  • Walks you through the various types of stop orders, including when and where to place them
  • Illustrates how back testing your methods can help uncover the strengths and weaknesses ofyour system

Person also fully discloses some of his proprietary setups, such as the high close doji, the low close doji, and the jack hammer pattern, complete with rules on the entries and exits to help you identify high probability trades.

With the tools and techniques outlined in this book&;which includes a companion website that contains Person's own Pivot Point Calculator and an instructional presentation on how to use it&;you'll be able to put together a trading plan that consistently helps you yield profits.

From the Back Cover

PRAISE FOR Candlestick and Pivot Point Trading Triggers

"Candlestick and Pivot Point Trading Triggers provides traders the opportunity to better apply a combination of two techniques that are often used independently. The breadth of information offered here will make any trader anxious to attempt combining candlestick patterns and pivot points."
&;
Jayanthi Gopalakrishnan, Editor, Technical Analysis of Stocks & Commodities magazine

"Whether you are a novice or a seasoned trader, this is a MUST-read book! In the ocean of trading books available today, this one is quite unique. It contains the blueprint for achieving success in trading stocks, futures, and forex. Don't just read this book and put it on a shelf&;use it as a trading plan, strategy, and exact set of steps you need to take to achieve the same results John has had trading stocks, futures, and forex."
&;
Mona Khan, President, Forex Traders Association

"This is an excellent and original book. It's the definitive work on the complex subject of pivot point trading and a must-read for all equity, futures, and currency traders."
&;
Alan Farley, Editor and Publisher, Hard Right Edge, www.hardrightedge.com

"This is a highly valuable trading manual. John takes his readers on an educational journey that is well organized, informative, and compelling. His explanations of candle patterns and pivot analysis, applied to various markets, are extremely insightful. This book serves as a wonderful resource to all traders who want to increase their profit potential and success!"
&;
Toni Turner, President, TrendStar Trading Group, Inc. author of A Beginner's Guide to Day Trading Online, A Beginner's Guide to Short-Term Trading, and Short-Term Trading in the New Stock Market

Product details

  • Publisher ‏ : ‎ Wiley; HAR/CDR edition (November 1, 2006)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 353 pages
  • ISBN-10 ‏ : ‎ 0471980226
  • ISBN-13 ‏ : ‎ 978-0471980223
  • Item Weight ‏ : ‎ 1.25 pounds
  • Dimensions ‏ : ‎ 6.34 x 1.23 x 9.18 inches
  • Customer Reviews:
    4.2 out of 5 stars 68 ratings

About the author

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John L. Person
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JOHN PERSON, CTA

John Person is a 30-year veteran of the Futures and Options Trading industry. He started on the Floor of the Chicago Mercantile Exchange back in 1979. This was the premier exchange which launched foreign currency trading. He then had the privilege of working with George Lane, the innovator of the stochastic indicator.

John has worked his way throughout the industry as a independent Trader, Broker, Analyst and Branch Manager for one of Chicago's largest discount / full service firms under the direct supervision of a former Chairman of the Chicago Board of Trade. He is the former owner and President of First National Futures Group, Inc. and is continuing his work as a registered Commodity Trading Advisor.

John has shared his wealth of knowledge in the field of technical analysis, his trading style and system development and has taught thousand of traders including members of the largest exchanges. He is the author of three nationally and internationally popular trading books as well as two trading courses and a DVD seminar series.

The Nations most respected business journalists call John Person for his market opinions. He is widely quoted by CBS Market Watch, Reuters, Dow Jones Newswires, and appears regularly on CNBC as well. He is a sought after speaker for many professional organizations such as the Market Technicians Association (MTA ) , the International Federation of Technical Analyst Society (IFTA) and delivers Keynote Speeches and Seminars at some of the Countries Top National Investment Expos.

John Person author of The Complete Guide to Technical Analysis for the Futures Markets, by John Wiley and Sons was the first ever to introduce traders to a powerful combination of candlesticks and pivot point analysis.

His second book, took traders to an entirely different level. In his book Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets, he included a pivot point calculator, instructional videos and exact rules for entries and exits on trades.

In his third book, Forex Conquered: High Probability Systems and Strategies for Active Traders, again by John Wiley Publishers, he broke ground for currency traders in that he included many forms of FX vehicles, trading styles and how one can integrate technical analysis fro entries and exits and objectives. He also shares a trading system with the codes for Genesis and tradestation users.

John has completed two amazing trading courses, the first is "Trading Triggers - The Secrets to Profitable Trading" and a four hour special FOREX trading course available for purchase on our website and his latest DVD course. In 1998, he developed his own proprietary trading system and began publishing "The Bottom-Line Financial and Futures Newsletter", a weekly commodity publication that incorporates fundamental developments as well as technical analysis that includes the data from his trading system, using pivot points combined with candlesticks. In addition, John Person provides his clients with daily, weekly and monthly research including his daily, weekly and monthly numbers as well as the Daily Dow Jones Report posted on our web site in the Research and Analysis section of our website.

John has created and launched FX Pro-Trigger system with one goal in mind: to provide investors with the ability to achieve a diversified investment portfolio based on a time tested trading plan, which is fully automated, so that it can capture trading signals in order for active traders with the proper risk capital to achieve their investment goals without monitoring the foreign exchange markets around the clock, 24 hours a day five days a week.

John's thorough understanding of the futures industry makes him qualified to offer his clients a balanced perspective of the trading industry. In addition, the personal contacts he has developed around the world and in the financial industry have been instrumental in helping him gain an edge on information pertaining to the markets

Customer reviews

4.2 out of 5 stars
68 global ratings

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Customers say

Customers find the book informative, with one mentioning it provides both background information and specific steps. They appreciate its readability and consider it a great read. Customers value the trading content, with one noting it's particularly useful for short-term traders. They like the candlestick and pivot point approach, with one customer highlighting the combination of these techniques.

AI-generated from the text of customer reviews

11 customers mention "Knowledge"11 positive0 negative

Customers find the book informative, with one customer noting it provides both background information and specific steps.

"This a well written book that provides lots of background AND the specific steps (entry and exit signals) to make money trading the Forex market...." Read more

"...Person's book is one of the very few explaining pivot point - very useful tool indeed...." Read more

"This is the very best book on trading using pivot points...." Read more

"...The pivot point portion of the system, though fairly easy to understand, is virtually impossible to implement/use without the right software..." Read more

11 customers mention "Readability"9 positive2 negative

Customers find the book readable, with one noting it is well written and concise.

"This a well written book that provides lots of background AND the specific steps (entry and exit signals) to make money trading the Forex market...." Read more

"Great read, although a bit technical...packed with lots of material that will help you grow your trading skills & knowledge!..." Read more

"The basic text seems pretty good. However, the "+CD-ROM: Setups for . . ." part wasn't there...." Read more

"This is a great book and I wish there was a video version of it...." Read more

5 customers mention "Trading style"5 positive0 negative

Customers appreciate the trading style of the book, with one mentioning it is particularly useful for short-term traders, while another notes it provides a process for using pivot points to make money.

"...AND the specific steps (entry and exit signals) to make money trading the Forex market...." Read more

"...Trading is about making money. Keeping things simple will make you a better trader and this book will help you in that." Read more

"Good experience for trader, entry exit and stop lose. And the rule is very important when you are getting into a position...." Read more

"...'s excellent book which shows the details and process to use in making money with pivot points!" Read more

3 customers mention "Candlesticks"3 positive0 negative

Customers appreciate the combination of candlesticks and pivot points in the book.

"I really like the combination of candle sticks with pivot points! Candles are fine but must be combines with other western technicals...." Read more

"Pivot points plus candles..." Read more

"CANDLESTICK and PIVOT POINT TRADING TRIGGERS..." Read more

Top reviews from the United States

  • Reviewed in the United States on April 4, 2008
    This a well written book that provides lots of background AND the specific steps (entry and exit signals) to make money trading the Forex market. This methods explain also work for the futures and stock market.

    I would highly recommend this book for any one that is trading any market and has not used pivot points!
    5 people found this helpful
    Report
  • Reviewed in the United States on January 18, 2007
    Before you read this book I would highly recommend reading any other with candlestick being the primary subject. "High Profit Candlestick Patterns" or "Profitable Candlestick Investing" - both by Stephen W. Bigalow or one of Steve Nison books. The more you know about candlesticks patterns and emotions behind them the better trading decisions you might be reaching.
    Person's book is one of the very few explaining pivot point - very useful tool indeed. Using high closing and low closing doji with pivot point will not make you a perfect trader, but will allow to avoid disasters being to hasty (or too greedy ) in your decisions. Bottom line of any trading is discipline - and this book is trying to teach this showing how to develop and use very simple system.
    CD provides nice overview of everything covered in the book plus pivot calculator. If you need one a bit more sophisticated, you can find it on [...].
    Trading is about making money. Keeping things simple will make you a better trader and this book will help you in that.
    43 people found this helpful
    Report
  • Reviewed in the United States on January 28, 2020
    Good experience for trader, entry exit and stop lose. And the rule is very important when you are getting into a position. Concise candlestick pattern. All the above written in the book worth rereading
  • Reviewed in the United States on November 21, 2013
    This is the very best book on trading using pivot points. No other book comes close to John Person's excellent book which shows the details and process to use in making money with pivot points!
  • Reviewed in the United States on June 5, 2008
    I really like the combination of candle sticks with pivot points! Candles are fine but must be combines with other western technicals. I like this as a constant combination. You can then add MACD or ADX to finetune your timing. I learned a lot from Person.

    My only reason for not giving it 5 stars is that it has a lot of filler. Gives the book a bit of bulk but not much meat. A good edit would have made for an easier read.
    8 people found this helpful
    Report
  • Reviewed in the United States on June 22, 2020
    This book has really helped me grow as a traitor. I feel more confident now than I did before I read the book. I recommend everyone to read this.
  • Reviewed in the United States on March 28, 2009
    I've invested on and off for years, and wanted to try my hand at day trading stocks and ETFs, so I went looking for a trading system that would work for me. This book delivered for the most part. So why only 3 stars?

    On the plus side, the author's system relies heavily on only a small number of candlestick formations and technical indicators to do the heavy lifting, and I'm a big believer in the KISS principle. And he includes tons of real chart snippets along the way to exemplify every aspect of his system. I found that adhering strictly to the prescribed candle and technical confirmation triggers enabled me to make good trade entries almost immediately. That in itself makes me glad I read this work.

    But there are some negatives. I found myself re-reading a page occasionally to gain understanding, not due to techno-market esoterica, but because it was not well written. I regret that I never did totally extract an understanding of the author's system for setting trailing stops. I wondered if the book was proof read. The pivot point portion of the system, though fairly easy to understand, is virtually impossible to implement/use without the right software package (which the author promotes randomly throughout the book).
    17 people found this helpful
    Report
  • Reviewed in the United States on January 27, 2017
    Great read, although a bit technical...packed with lots of material that will help you grow your trading skills & knowledge! Even though the examples are several years old, the lessons and "take aways" are timeless.
    One person found this helpful
    Report

Top reviews from other countries

Translate all reviews to English
  • mr g g jacklin
    5.0 out of 5 stars pivot points
    Reviewed in the United Kingdom on January 4, 2014
    learned a great deal from this book i was using a chart with too much clutter thinned it out using mr persons methods now trading is so much easier
  • Javier
    5.0 out of 5 stars Buenísimo
    Reviewed in Spain on December 5, 2019
    Buenísimo. Sirve para trader con experiencia.
    Report
  • Zapi
    5.0 out of 5 stars Easy to understand, very good book
    Reviewed in Germany on June 17, 2020
    Good examples, strategies work very well, super content, easy to follow, very good setup of the book, really recommendable, very good Illustrator
  • João Machado Evangelho Aprendiz de Trader
    4.0 out of 5 stars Money
    Reviewed in Brazil on December 9, 2019
    O Livro acrescento muito conhecimento. Que talvez levasse anos para aprender e como tempo é dinheiro, gastaria certamente realizando trades errado no mercado. Já está me ajudando e muito a melhorar minhas entradas e a ser mais lucrativo.