Trading Classic Chart Patterns includes easy-to-use performance tables, vivid case studies, and a scoring system that makes trading chart patterns simple. This comprehensive guide skillfully gives investors straightforward solutions to profitably trading chart patterns.
Author’s Introduction:
For the most popular and common chart patterns, review the chapter tables for a score, then total the scores. Scores above zero mean performance is likely to beat the median; scores below zero mean you should probably look elsewhere
Do not consider the scoring system as a robust, mechanical trading system, but more as an investment checklist. The method is not foolproof to be sure, but I am very pleased with out-of-sample tests and actual trades I have made using the system. I detail several in this book.
Chart patterns work for me. I began trading stocks more than 20 years ago, and now that is all I do—that is, except for the odd book, magazine article, puttering in the garden, playing my guitar, bird watching, and, well, you get the idea.
If you are new to chart patterns, technical analysis, or to stock market investing itself, have no fear. The first part of this book presents new research on trendlines, support and resistance, placing stops, selling considerations, and common trading mistakes. Part Two is where you find the warp engines that propel the book deeper into uncharted territory.
I discuss the most common and popular chart patterns, provide the scoring system details for each pattern, and showcase the results. Consider Part Two as a reference section: alphabetically arranged chapters with plenty of easy-to-understand and easy-to-use tables with lots of pictures!
Think of this book not as advocating a trading system, but as a system to select better performing chart patterns. Do additional research as necessary, because how you trade your selections is up to you.
Contents:
- Down Trendlines
- Up Trendlines
- Support and Resistance
- Stops, Bats, and Selling
- Common Trading Mistakes
- Broadening Tops
- Diamonds
- Double Tops & Bottoms
- Head-and-Shoulders
- Scallops
- Triangles
- Triple Tops * Bottoms
