This author is one of the few that have touched upon one of the most fundamental and universal properties of almost any market. Whether your games is futures or equities, look at any chart and you will see periods of little price activity alternating with periods of greater price movement. This is the crux of this book.

Markets invariably move from stages of expansion, to contraction, and back to expansion, etc. Several other price patterns and technical analysis approaches are tested as well. However, after reading this book, you will no longer be one of those who try to "get in" on a runaway bull or bear market - only to have it turn right around on you as if it knew you were coming, but rather, you will be one of the ones who are ready when an otherwise "dead" market takes everyone else by surprise.

The main ideas in the book have to do with expansion and contraction in volatility and moves off the open (Opening Range Breakouts).

Toby is a successful hedge fund manager, having worked for Victor Niederhoffer before starting his own company. Toby's returns are good, but his risk management is far better. Toby's funds have grown primarily due to his excellent risk management skills as opposed to his returns. In layman's terms this means that he hardly ever loses money but he doesn't make much for his clients. This is actually fairly unique and he should be commended for finding this niche in the business.