(From The Jacket) – In Intelligent Futures Trading, career trader Chick Goslin spells out the momentum-driven trading techniques that form the cornerstone of his personal market approach. His Momentum Method accurately anticipates the direction and duration of imminent new “breaking” price moves by closely analyzing how quickly (or how slowly) price is changing in a market.
Mr. Goslin presents dozens of market examples to illustrate the method “in action” and to highlight his personalized style of acceleration analysis. Emphasis throughout the book is on practical application of the techniques presented. Specific uncomplicated trade rules–rules that have proven themselves extraordinarily effective in real-time trading over the past three decades–are detailed.
Chick Goslin was first exposed to futures trading in the late ’60s, in between two tours of duty in Vietnam. Upon fulfilling his service commitment, Chick returned stateside and launched a career of trading and market involvement. Starting as a runner on the Merc, Chick soon rose rapidly through progressively higher account executive positions, eventually settling into a role as a top-notch “sought after” money manager with E.F. Hutton. In 1979 Chick moved on from that position to become a full-time, independent, self-supported trader.
Using his INTELLIGENT TRADING momentum techniques almost exclusively, Chick single-handedly built himself into a major player in the markets and what many consider to be a “big time” trader. Some of Chick’s more impressive accomplishments include the following:
- Made more than $1,000,000 trading in a single year
- Experienced six-figure profit weeks on more than one occasion
- Surpassed the “10,000 Trades Taken” level in his career
Having taken a much deserved sabbatical from trading to write this book, Chick–today–is “back at it”, analyzing and trading futures markets from his home in La Jolla, California.