This paperback reprint is the breakthrough trading method, The Congestion Phase System, by one-time CTB floor trader, Eugene Nofri, and daughter, Jeanette Nofri Steinberg has just been made available. Mr. Nofri is acknowledged as the originator of the "trading range" concept. Academic and industry professionals consider the system a breakthrough in understanding market fluctuations.
Since originally published in the late 1970's and revised in 1980, 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.
"synopsis" may belong to another edition of this title.
Volatility-shy traders may want to prepare for calmer markets by checking out this conservative, but consistently profitable, trading method. The Congestion Phase System has been tested by numerous computer programs that verified its probable success rate at 70-75%.
In 1946 Eugene Nofri was voted to the Chicago Board of Trade with an account balance of $800. This set a record for the poorest member ever voted to the "big board." At that time, he had a wife and three children to support. With such meager financing, he was hardly in a position to engage in risky speculation. He couldn't afford to lose. Yet, his fascination with the markets and the opportunity for making big money was too much to pass up. He had big dreams and futures speculation seemed like the perfect way to make them come true.
Through trial and error, and a strong determination to discover a way to predict how prices will move, Mr. Nofri began to notice repetitive patterns of price fluctuation. He called the method he developed over 28 years of trading, The Congestion Phase System. It is a system of short-term buying and selling, based on patterns formed by only a few days' prices within a period of price stabilization. He was one of the earliest individual floor traders to reach the million dollar mark in profits trading in commodity futures.
Jeanette Nofri Steinberg
In addition to her own experience trading in commodities by her father's side, using his Congestion Phase System, she has worked in the communications and marketing fields for more than 20 years. Based in Los Angeles for most of her career, she now lives and works as a freelance writer in the Pacific Northwest.
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Book Description Pageant-Poseidon Press, 1975. Hardcover. Book Condition: New. Never used!. Bookseller Inventory # P110818103728