The Breakthrough Trading Method, Success in Commodities – The Congestion Phase System is Re-Issued in PDF and Paperback
Seattle, Washington – July 26, 2010 – A PDF and paperback reprint of the seminal trading method, The Congestion Phase System, by one-time CTB floor trader, Eugene Nofri, and daughter, Jeanette Nofri Steinberg is available.
Nofri is acknowledged as the originator of the “trading range” concept. Professionals consider the system a breakthrough in understanding market fluctuations.
The system is tailor-made for new and volatility-shy traders who want to prepare for calmer markets: its a conservative, but consistently profitable, trading method. Since first published in the late 70’s, The Congestion Phase System has been tested by numerous computer programs, which verified its probable success rate at 70-75%.
The authors keep it simple with market basics and easy-to-follow instructions for using 32 chart patterns that appear during periods of market stabilization. The system yields smaller, but more consistently profitable trades.
Brian Twomey, in his article, “Currency Congestion,” in the 2010 Bonus Issue of Technical Analysis of Stocks & Commodities, says: “Success in Commodities: The Congestion Phase System...introduced modern daytraders to a better understanding of support and resistance and introduced the radical idea that the trend may not necessarily be your friend.”
Perry Kaufman, in the 1998 edition of Trading Systems and Methods, stated, “The Congestion Phase System can stand alone as a short-term trading method or can be used to complement any longer technique. An assumption of 75% (probability of success) is reasonable.”
“Intellectually stimulating...a method very much worth studying,” said a recent Amazon.com reviewer. Used copies of the original book are still sold on-line for up to $215.
Written prior to technology pervading the marketplace, the heart of the book is the Congestion Phase trading system – a calmer approach to profit-taking that has remained valid and reliable.
- Contact Information
- Jeanette Nofri Steinberg
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