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Welcome, Jetheat.
You last visited: 06-02-2006 at 08:17
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Old 06-12-2004, 23:53   #25
Jetheat
Mechanical Discretion

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Pierre, as far as I know, they really don't care if the CC and the address match up.

I set up 2 accounts myself just to do a bit of testing and it worked.
One of the guys who paid me this morning also provided a different country address whilst he actually lives about 4000 miles from there.

So I don't really think it will be a problem.
However, if you still don't want to do it, I can provide you with bank details for a transfer but that may take 3 days and maybe a charge on you.

I don't think Paypal will be a problem though. Check with others if unsure.
JH
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Old 06-12-2004, 23:59   #26
4xtrend
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JH
Thank you, I will ask around. Won't clutter this tread with anymore of this. will keep you up to date however.

Pierre
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Old 07-12-2004, 04:26   #27
Trader2Be
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Review

Here is my review of Jetheat's e-book.

Basically the ebook consists of 2 major sections - a detailed description of the system he uses to trade and his discussion of Mechanical Discretion.

I was very impressed with his system. Actually, I didn't realize he was going to provide a system when I first ordered the ebook, so I was pleasantly surprised. The system is well thought out and explained very well. He uses ideas from several traders (Elder, Booker, etc) and gives them proper credit. He writes very well, and has a good sense of humor.

The second section deals with Mechanical Discretion. This section gives you ideas on what you need to think about before you enter a trade to determine whether or not the trade is worth it. Exits are also discussed. It is a common sense approach that if utilized, should help your trading.

Jetheat also provides many examples of what he is talking about with charts and actually included a couple of movies!

All in all, it is one of the better ebooks I have read on trading, and I highly recommend it.

Cindy
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Old 07-12-2004, 09:25   #28
mart_hart
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Mechanical Discretion


For The New Trader,
You have read all you can, perhaps bought a Ebook course but there is something missing.
Jet heats book is like the final 2 or 3 chapters that should have been in other courses showing you how to put it all together.
If you are totally new to 4X it would still be a good idea. You can learn about each instrument used through forums or web search, It will give you some direction on what to learn.

Experienced Trader
I thought he might have come up with a new combination of indicators. Or buy when the price is 10 pips above yesterday’s low divided by the average last Christmas sort of thing.
But no Price is king. As you know it is the only indicator all the others are just add-ons and dressing.
That is exactly as JH treats it with sensible use of a couple of indicators the rest is focused on reading the price action.

Jet Heat could be accused of over delivering, you even get a few surprises with the book. No padding or bull but solid content with plenty of pics and diagrams.

The same negatives as everyone else though, I hate reading on the screen and would have liked to print it out.

Martin.
I hope this will stop me doing the same as my avatar !
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Old 07-12-2004, 12:07   #29
buff
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Review

I too am impressed with JH's book. There is probably not much more I can say that hasn't already been said by Cindy and Martin already, but I'll add my bit anyway.

Can't complain about the price - bargain! Anyone sooks about that, I'll put them on 'ignore' indefinitely!

Very easy to read even though I had to read it off my monitor. I'm also one that likes to hit my comfy chair and read a hard copy, where I can flick back thru pages etc. But having said that, it is certainly easy on the eyes as it is laid out pretty well.

For a beginner or even someone that is looking for a new method of tech trading, there is plenty in there for you. Some good basic stuff that makes a lot of sense.

Then there is the crux of the whole book, mechanical discretion. Now this is probably not something new as such, as I believe experienced traders would go through this process anyway, but to the trader just starting out or not so experienced, it is very valuable advice. I guess JH puts it all there to make the trader think before he /she acts.

Probably like a lot of other traders out there, I have traded plenty of mechanical systems or followed another analysts reco's blindly, where I thought to myself, why the hell am I taking the this trade as it doesn't look right. But you take it anyway, only to later regret it, thinking I knew I shouldn't have done that. This is where this book makes you think before you act. This I believe will lead to your development as a better trader where you do start to think for yourself and not soley rely on a system or an analyst's calls.

Anyway for ten bucks, I would strongly suggest every newbie or struggling trader get's a hold of it. A more experienced trader may not need it, however I'm sure it would help to reinforce some thoughts about their trading anyway. Overall a worthwhile purchase and a job well done by Jetheat. Cheers.
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Old 07-12-2004, 14:46   #30
tim_nn
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Review of "Mechanical Discretion" by JetHeat

The first thing to say is that I agree with almost everything in the reviews above of JetHeat's book. These reviewers make good points and make them well. Now to add a bit of my own ...

Inside this 44-page book is a 244-page trying to get out. That's not a criticism, more an illustration of how much padding there is in most trading books. JetHeat makes it clear that this book isn't written for the _total_ beginner who really knows nothing about anything. If a commercial publisher were involved, a much longer version of this excellent work would be marketed, and the reader would be left to read, re-read, annotate and study it for himself. What would be left to study again and act on, after doing all that, is exactly what's presented here.

This book told me many things I knew already (but told me more clearly and relevantly), several things I sort of half knew, and a few things I didn't know at all. More to the point, it told me all of them in a highly structured, organised way which made a coherent whole for me out of lots of things I vaguely understood and appreciated. It gave all these half-understood things a context that makes sense and has a direct relevance to the way I trade. It has enabled me to face the markets with greatly renewed confidence.

The presentation and layout are particularly commendable. The charts are clear, direct and honest. This is not an author who (unlike some) has selected only rare and shining examples that happen to illustrate his beliefs. He gives some "difficult and complicated" examples as well, from charts of the kind we've all seen before, and explains them well, so that you'll actually know what to do if you plan to make the most out of the high probability trades and leave the rest behind.

Unlike many trading books, this one is realistic and honest. It tells you what you can do and how to do it to make consistent profits from the forex markets. It explains a straightforward and logical mechanical system in great detail, giving you all the information you need to be able to apply it. But the author is realistic enough to know that different people like to trade in different styles, and that different time-frames suit different people. This is part of the "discretion" explained in the book. This is done in a sensible, logical way which enables different trading styles to profit from intrinsically very similar material.

The author's whole treatise on mechanical discretion could perhaps equally be applied to almost any mechanical system (but maybe not quite as easily or successfully as with the complete system presented here). This is a sort of discretion which doesn't undermine the consistency or profitability of the mechanical system being traded in any way; on the contrary it increases the chances of an individual's trading style and preferences being interpreted and acted on in ways which are compatible with the system.

It's easy to read on the screen and not terribly long, and I have only a black-and-white printer anyway (and the diagrams and charts are in Glorious Technicolor) so it was no disadvantage to me not to print it all out.

I think that even fairly experienced traders certainly won't consider this book wasted money. In my view, the only readers who might not like this work are those (most of them probably not trading forex anyway because of the absence of volume) who are absolutely determined never to use any indicators at all) and base all their trading decisions _solely_ on price.

In terms of value, it would be pretty difficult to find a much better read than this! I've read many commercially published books and ebooks sold at far, far higher prices from which I've learned much, much less. This author really over-delivers. Buy it: you won't be disappointed.
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Old 07-12-2004, 15:50   #31
waxwing
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Quote:
Originally posted by Jetheat
Pierre, as far as I know, they really don't care if the CC and the address match up.

I set up 2 accounts myself just to do a bit of testing and it worked.
One of the guys who paid me this morning also provided a different country address whilst he actually lives about 4000 miles from there.

So I don't really think it will be a problem.
However, if you still don't want to do it, I can provide you with bank details for a transfer but that may take 3 days and maybe a charge on you.

I don't think Paypal will be a problem though. Check with others if unsure.
JH


Be very, very careful with PayPal. They locked me out of my account for simply logging on (not transacting) from a different country from the one I registered in. Luckily I had 0$ in the account
But many others aren't so lucky. There have been countless horror stories posted on the net if you care to search. There was even a class action lawsuit or something against them, I don't know the details.
Paypal can be a royal pain for non-US or generally 'international' things.
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Old 08-12-2004, 01:11   #32
Jetheat
Mechanical Discretion

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Once again, I would like to thank all the reviewers for taking the effort of posting their opinions here.

If everyone who has read the book agrees, I think I will now set the price for the book at 1 standard pip. I think we have had more than 5 reviews so far.

For the people who buy from now on, if after you have purchased the book, you wish to add to the above reviews, feel free to do so.

A lot of people have asked me to allow the printing of the e-book.
I realise that I should have activated it in the first place - my mistake. If you email me (after purchase), I will send you to a site where you will be able to download the printable book.

For those that live in places like Egypt, South Africa and Indonesia, I have set up an account with Stormpay which will accept your payments whilst Paypal loses business. You can find the Stormpay button at the bottom of the sales pitch site.

As for the videos that come with the book, if for any reason you can't play them, please make sure you have Macromedia Flash Player 6 installed on your computer. You can download it from the Macromedia website.
You will also need Acrobat Reader to view the e-book.

If anyone has any questions regarding the material, just send me an email and we'll talk.

I hope everyone is happy with the accessible price of 10 bucks.
So far, 30 odd copies have been downloaded.
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