Book Synopsis
Why is Volatility Illuminated so powerful?
Volatility Illuminated presents durable up-to-the-minute strategies for intraday and swing traders (institutional and retail) including: WVAV - Whistler Volume Adjusted Volatility (assisting VWAP trading), WAVE-PM - Whistler Active Volatility Energy Price Mass, Fibonacci Pitchforks, and Quad CCI. In addition, readers will learn the importance of subset distribution compression, expansion, acceleration, force and mass, all pulled together in a simple, easy-to-understand format. Volatility Illuminated elucidates critical underpinnings of market volatility and price action, which many never discover. Volatility Illuminated is timely, empowering, applicable, and can help traders understand erratic movements within markets…once and for all.
Do you want to know the truth about the financial markets? Mark Whistler tells you the truth, at least his own truth. Volatility Illuminated is a long and dense book (roughly 500 pages) where Mark explains his personal view about the financial markets introducing a new paradigm. So this is not a book to be read in a weekend but to be carefully studied and digested, as there’s a lot of information inside to think about.
Therefore this is not the kind of book for the anxious trader who wants to learn how to make money quickly trading currencies and other instruments, but rather for the trader who wants to learn more about the current paradigm governing the markets and get insight in the main reasons of volatility.
Of course, this is not only a theoretical book, as it includes a lot of strategies based on the paradigm presented by the author. Those traders who love “geometrical” trading methods will find very interesting the combination of Fibonacci retracements and Andrew’s Pitchfork explained in chapters four and five. Traders looking for new strategies based on oscillators may find Quad CCI strategy appealing in chapter six. And for all those quantitative traders out there, the last chapters of the book are riddled with a lot of new ideas to test, most of them relating physics concepts (mass, acceleration, energy) to financial markets. You won’t probably find another trading book explaining what VWAP is and how to use it in your own trading.
In conclusion, this is a great book, full of very innovative trading ideas and theories, which will probably open your mind to new views of how financial markets work. Whistler’s writing style is catchy and holds interest, while explanations are very clear and enjoyable. The only flaw I could find is that most of Whistler’s ideas are disseminated along the book, so you may think there’s no common thread until you reach the last chapters and tie it all together. Also I would like to find more real examples to gain a deeper understanding, but it looks like the author intends to sow the seeds that will grow in every trader that reads this book.
Because Volatility Illuminated unlocks new and innovative information about indicator and information failure, volatility and probability, institutional order flow, mass, force, and energy...
There’s also room for criticism in this book: in the first three chapters Mr. Whistler discusses several topics related to financial markets, including why technical indicators don’t work, how the media is able to have influence on our memories or why macroeconomic data calculations are flawed. Also the discussion in chapter seven explaining why stock market indices are not reliable is remarkable, as well as how information has been accelerating these last years.
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