This book accomplishes what the Andrew intended: concise and fairly digestible to the lay person. Unlike the fairy tale notion perpetuated by many trading books, Caley Garner paints a realistic picture around the commodity markets. I have learnt many new practical tips, which will assist me in my decision making process. George Kleinman lays out the details simply and logically. Most of the books that I have read on price action focus on things like pennants, flags, wedges, and related topics. I’ve not heard that term before, but now that I’ve read the book I will incorporate the concept into my trading. In testing, I find it a very good tool.
At keys points in the book, the author suggests that the reader practice the teachings of the previous chapter. One suggestion I have for future editions is to display a chart with the ticker symbol plus the date and time but without the value areas marked. This is advanced information best suited to those who have suffered through the slings and arrows of trading. Having a corridor, trading to targets, knowing exactly what to do in every case. The best summary of this book is in the foreword by Curtis Faith, original turtle trader. He recommends to budding trend followers that they first read Reminiscences of a Stock Operator to learn about Jesse Livermore.
Then read Jack Schwager’s Market Wizards books to learn about other successful traders and trend followers. I would personally read Trend Following by Michael Covel before this book, but that’s just me. I’ve known about the turtle rules for a while now, and have backtested hundreds if not thousands of variations of it before reading Following the Trend. I have mostly positive things to say about this book, but there are also some things I didn’t like.