One thing that this book does that is rarely seen in these kinds of tomes is the author explains exactly the mathematics behind each indicator he presents.  I have literally used this book to write implementations of the indicators.  While you may not want to do any programming any time soon, having a basic understanding of the math also helps you understand exactly what the tool is telling you.  You may have a vague understanding of the MACD and what it means, but if after reading this book you will understand it so much better.  This can only lead to making better trading decisions.

For those who only trade stocks and their derivatives, like myself, the focus of the book on futures may require an extra step to make sure that you understand how it applies to stocks.  In reality though, almost all of the information is almost immediately applicable to any market.  When the book was written, technical indicators were not so en vogue in the stock market.  Additionally the money management techniques he describes are just as valid for just about any kind of trader.

Ultimately the value of this book is in developing a strong fundamental education in technical trading.  Learning by rote, without understanding the indicators you’re trading on is a dangerous game that sounds more like gambling.  Buy Alexander Elder’s Trading for a Living if you really want to have the kind of background that can help you make quality decisions.