Trade What You See: How To Profit from Pattern Recognition
$14.50
| Author(s) | , |
|---|---|
| Pages |
211 |
| Format |
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| Published Date |
2007 |
What Trade What You See teaches is a simple, pragmatic approach to pattern recognition. It’s designed to be hands-on and to appeal to new students of technical analysis as well as seasoned traders.
Introduction:
Several hundred years ago, technical analysis began its journey to help investors and traders determine, with reasonable probability, what direction prices might take. Technical analysis allows investors and traders to identify moments of opportunity to profit in the markets. It does so by identifying and quantifying specific patterns that form and repeat with enough regularity that trading methods and strategies can be developed and implemented with success.
Trade What You See: How to Profit from Pattern Recognition focuses on trading patterns with an underlying root structure based on simple geometric forms and Fibonacci ratios. The patterns are easily identifiable once the trader has spent some time observing and learning the basic structures. Each of these patterns can be quantified and a sound money management strategy applied.
Writing a book about pattern recognition based on geometric patterns and Fibonacci ratios requires acknowledging the early scholars of geometry, including Pythagoras, Archimedes, and of course the great mathematician Leonardo di Pisa (better known as Fibonacci). These great scholars had all traveled to Egypt during their lifetimes and had studied the Great Pyramids.
Pythagoras, the father of modern geometry, was obsessed by the mathematics of the pyramids. The actual mass of the structure was not as important to him as the fact that all of the angles on all sides were within .01 percent. Part of the mystery of the Great Pyramids is how the mathematics relates to the golden ratio, which is also referred to as the divine proportion, or .618.
It was not so many years ago that a book of this nature, based on technical analysis, would not have been taken seriously by many. We begin with a look at a point in time when technical analysis had begun to take root in the academic community. This book was written to give the reader a comprehensive view of the specific patterns presented.We use a variety of stocks and markets in the chart examples throughout the book to illustrate that these particular patterns do form in all markets, and in all time frames. Trade What You See presents patterns derived from some of the classic technical analysis patterns as well as the geometry and Fibonacci-based patterns.
Contents:
PART ONE – Introduction to Trading with Pattern Recognition
- Opening Thoughts
- Geometry of the Patterns and Fibonacci Ratios
- Harmonic Numbers and How to Use Them
PART TWO – The Price Patterns and How to Trade Them
- The AB=CD Pattern
- The Gartley “222” Pattern
- The Butterfly Pattern
- The Three Drives Pattern
- 8 Retracement Entries and Multiple Time Frames
- Classical Technical Analysis Patterns
- Learning to Recognize Trend Days
PART THREE – Essential Elements of Trading
- Trade Management
- Using Options with the Fibonacci Ratios and Patterns
- Building a Trading Plan
- Daily Routines
Trade What You See: How To Profit from Pattern Recognition By Larry Pesavento, Leslie Jouflas PDF
9 reviews for Trade What You See: How To Profit from Pattern Recognition
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Giuliana McKay (verified owner) –
Nothing new, but if you are looking for a good book on gartley patterns and ideas on trading in general this is worth getting. The title is the key to trading. You just need to know what you are looking for.
Joey Berg (verified owner) –
Great book.
Cade Golden (verified owner) –
Best trading book I’ve ever bought. For two years I’ve been seeing these patterns every day, never knowing how to take advantage of them. He makes it extremely easy to understand and I am looking forward to being a better trader.
Emmalyn Mitchell (verified owner) –
Great book on Fx trading, the author tells it how it is. This might the only book worth reading if you want to trade forex as I have been told anything else out there is waste of time.
Dorothy Cabrera (verified owner) –
Larry Pesavento originated Pattern Recognition Trading. This book, along with his Fibonacci Ratios with Pattern Recognition (also available at Amazon) should be considered the Bible of Pattern Recognition Trading. I have been successfully using Larry’s ABCD; Gartley; Butterfly; and three drive patterns to trade all liquid markets. Harmonic and Vibratory Numbers are also covered in this book. Larry has also included many real examples of trading the patterns: including the entry, the “free” trade, and the exit. I strongly recommend this book to any technical trader who desires an excellent “edge”.
Kylie Quintana (verified owner) –
Larry Pesavento’s book is a very good book. I recommend it to many other traders looking for a way to remove all their indicators from the charts and strictly trade price action. Although, the book lacks detail about patterns, it is still a great book. I highly recommend Scott Carney’s books on the subject because they are more technical than this one. However, Larry presented us with an awesome chapter about money management and a trading plan.
Maeve Bravo (verified owner) –
I’ve followed Pesavento for years, and his market calls are right on the money — and he did it again calling the October 6th, 2008 week historic decline.
Genesis Tran (verified owner) –
This book is focused on several simple and easy chart patterns in combination with Fibonacci ratios. The material is presented clearly with pertinent examples making for an easy and clear reading. This information is blending well with prior price action studies I made and I feel that it added valuable tools to my trading skills.
Jaxon Wagner (verified owner) –
Good book breaking down the AB=CD. Ties in AB=CD, fibonacci, gartley and several other topics. I got some solid material out of this namely the Gartley stuff, the AB=CD. I also like to listen to his analysis on youtube, where he covers his analysis. Good book from a seasoned vet who was in the pits from the 70s to behind the desk now. He is well intentioned and the book itself can cover the whole gamut from methodology, psychology and risk management.