Trade What You See: How To Profit from Pattern Recognition by Larry Pesavento (E

Description: FREE SHIPPING UK WIDE Trade What You See by Larry Pesavento, Leslie Jouflas Trading the financial markets is extremely difficult, but with the right approach, traders can achieve success. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders, who have consistently used pattern recognition to capture profits from the markets. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description Trading the financial markets is extremely difficult, but with the right approach, traders can achieve success. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders, who have consistently used pattern recognition to capture profits from the markets. In Trade What You See, Pesavento and Jouflas show traders how to identify patterns as they are developing and exactly where to place entry and exit orders. While some patterns derive from the techniques of Wall Streets earliest traders and other patterns reflect Pesaventos emphasis on the geometry of market movements and Fibonacci numbers.. Filled with hard-won knowledge gained through years of market experience, Trade What You Seeoutlines both a practical and sophisticated approach to trading that will be of interest to both novice and seasoned traders alike. Larry Pesavento is a forty-year veteran trader. He operates a Web site, Back Cover Trading the financial markets is extremely difficult, but with the right approach, you can achieve success. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders, who have consistently used pattern recognition to capture profits from the markets. In Trade What You See , Pesavento and Jouflas examine a technical approach to trading that will allow you to identify patterns as they are developing, and discuss how to implement this method to effectively manage your trades. While some patterns derive from the techniques of Wall Streets earliest traders, other patterns reflect Pesaventos emphasis on the geometry of market movements and Fibonacci numbers. Engaging and accessible, this detailed guide uses a variety of stocks and markets--in the numerous chart examples found throughout these pages--to illustrate how particular patterns form in different markets and time frames. Once you have a solid foundation in the area of pattern structures, youll become familiar with how these patterns are traded and discover the best ways to integrate them into your own trading endeavors. Divided into three comprehensive parts, Trade What You See: Reveals how to identify trending conditions and discusses techniques for entering in the direction of the trend Presents proven patterns that range from classical technical analysis to the Butterfly, AB=CD, and the Three Drive Offers in-depth insights on how to use options in conjunction with patterns And much more But the only way to use the information in this book profitably is by understanding each pattern and following sound trading principles. To help you accomplish this, Pesavento and Jouflas have included guidelines on developing a trading plan that covers: pattern recognition; thinking in terms of probabilities; money management; risk assessment; and techniques for entering and exiting trades. Along the way, they also discuss setting up trading as a business--and preparing for the unexpected--because approaching this discipline from any other angle would be a big mistake. Filled with hard-won knowledge gained through years of market experience, Trade What You See outlines both a practical and sophisticated approach to trading that will be of interest to both new and seasoned traders alike. Flap Trading the financial markets is extremely difficult, but with the right approach, you can achieve success. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders, who have consistently used pattern recognition to capture profits from the markets. In Trade What You See , Pesavento and Jouflas examine a technical approach to trading that will allow you to identify patterns as they are developing, and discuss how to implement this method to effectively manage your trades. While some patterns derive from the techniques of Wall Streets earliest traders, other patterns reflect Pesaventos emphasis on the geometry of market movements and Fibonacci numbers. Engaging and accessible, this detailed guide uses a variety of stocks and markets--in the numerous chart examples found throughout these pages--to illustrate how particular patterns form in different markets and time frames. Once you have a solid foundation in the area of pattern structures, youll become familiar with how these patterns are traded and discover the best ways to integrate them into your own trading endeavors. Divided into three comprehensive parts, Trade What You See: Reveals how to identify trending conditions and discusses techniques for entering in the direction of the trend Presents proven patterns that range from classical technical analysis to the Butterfly, AB=CD, and the Three Drive Offers in-depth insights on how to use options in conjunction with patterns And much more But the only way to use the information in this book profitably is by understanding each pattern and following sound trading principles. To help you accomplish this, Pesavento and Jouflas have included guidelines on developing a trading plan that covers: pattern recognition; thinking in terms of probabilities; money management; risk assessment; and techniques for entering and exiting trades. Along the way, they also discuss setting up trading as a business--and preparing for the unexpected--because approaching this discipline from any other angle would be a big mistake. Filled with hard-won knowledge gained through years of market experience, Trade What You See outlines both a practical and sophisticated approach to trading that will be of interest to both new and seasoned traders alike. Author Biography LARRY PESAVENTO is a forty-year veteran trader who has one of the most extensive trading libraries in the world. He operates a Web site, , which provides market analysis for subscribers. Pesavento speaks regularly at trading conferences and is a private trader for a large hedge fund. The pattern recognition approach he uses eliminates the random nature of market action. LESLIE JOUFLAS has been trading for over ten years and went professional in 2000. She coaches and tutors trading students as well as moderates and runs Jouflas also trades privately managed money as well as her own account. Table of Contents Preface xi Acknowledgments xv About the Authors xvii Part I Introduction to Trading with Pattern Recognition Chapter 1 Opening Thoughts 3 How to Use This Book 3 Succeeding or Failing in Trading 4 Steps to Take for Successful Trading 7 Chapter 2 Geometry of the Patterns and Fibonacci Ratios 9 History of Geometry in the Markets 11 Fibonacci Ratios 13 Applying the Fibonacci Ratios 15 Summary 18 Chapter 3 Harmonic Numbers and How to Use Them 19 Where the Term Harmonic Numbers Originated 19 Defining a Harmonic Number 20 Vibrations in Price Swings 22 Repetition in Price Swings 24 Finding Harmonic Numbers 28 Harmonic Numbers Found in Other Markets 34 Part II The Price Patterns and How to Trade Them Chapter 4 The AB=CD Pattern 37 History of the AB=CD Pattern 37 AB=CD Pattern Description 39 AB=CD Pattern Structure 39 Important Characteristics of the AB=CD Pattern 42 CD Leg Variations 43 Slope and Time Frames 46 Psychology of the AB=CD Pattern 48 Trading the AB=CD Pattern 49 Chapter 5 The Gartley "222" Pattern 53 History of the Gartley "222" Pattern 53 Gartley "222" Pattern Description 55 Gartley "222" Pattern Structure 56 Important Characteristics of the Gartley "222" Pattern 57 Psychology of the Gartley "222" Pattern 59 Trading the Gartley "222" Pattern 60 Chapter 6 The Butterfly Pattern 67 History of the Butterfly Pattern 67 Butterfly Pattern Description 69 Butterfly Pattern Structure 70 Important Characteristics of the Butterfly Pattern 71 Psychology of the Butterfly Pattern 72 Trading the Butterfly Pattern 73 Chapter 7 The Three Drives Pattern 81 History of the Three Drives Pattern 81 Three Drives Pattern Description 82 Three Drives Pattern Structure 83 Important Characteristics of the Three Drives Pattern 84 Psychology of the Three Drives Pattern 84 Trading the Three Drives Pattern 85 Chapter 8 Retracement Entries and Multiple Time Frames 91 Fibonacci Retracement Entries 92 Fibonacci Retracement Pattern Structure 92 Trading the Fibonacci Retracement Pattern 95 Opening Price Retracement Setups 98 Market Setup for the Opening Price Retracement Trade 99 Trading the Opening Price Retracement Setup 100 Multiple Time Frames 103 Chapter 9 Classical Technical Analysis Patterns 113 A Brief History of Technical Analysis 114 Basics of Technical Analysis 115 Double Bottom and Top Patterns 115 Head and Shoulders Pattern 120 Broadening Top and Bottom Patterns 126 Chapter 10 Learning to Recognize Trend Days 131 Identifying a Trend Day 132 Patterns Found on Trend Days 135 Fibonacci Ratios on Trend Days 138 Controlling Risk on a Trend Day 140 Trading a Trend Day 141 Part III Essential Elements of Trading Chapter 11 Trade Management 149 Thinking in Probabilities 150 Warning Signs and Confirmation Signs 151 Money Management 155 Chapter 12 Using Options with the Fibonacci Ratios and Patterns 161 Call and Put Options Defined 161 Factors That Influence the Price of an Option 162 Controlling Risk with Options 163 Examples of Using Options with Extension Patterns 164 Chapter 13 Building a Trading Plan 167 Daily Trading Plan 168 Trading as a Business 174 Disaster Plans 177 Summary 181 Chapter 14 Daily Routines 183 Trade Preparation 183 Mental Preparation 187 Physical Preparation 188 Appendix 191 Index 195 Review "…should prove valuable to those already practicing technical analysis and who want to take their trading to the next level." (Investors Chronicle, Friday 28th March 2008) Long Description Praise for Trade What You See "Larry Pesavento and Leslie Jouflas, the quintessential traders of chart patterns and the techniques of past masters of technical trading, have put together a compilation of their studies. Their experience extends over forty years. This book covers the essence of chart patterns trading plus the mental preparation necessary for successful trading. There is something in this book for both the beginner and experienced trader. Highly recommended." John Hill , President, Futures Truth Co. "Pesaventos innovative work has been an invaluable part of our firms technical approach. This book covers new ground and should be in every serious traders library." Craig Columbus , President and Chief Market Strategist, Advanced Equities Asset Management "Larry Pesavento and Leslie Jouflas have done a brilliant job with this book. Whether you are a professional or novice, this is a must-read book to gain more confidence in trading." Dickson Yap , Publisher, The Traders Journal magazine "An in-depth conversation on overall trading knowledge, even for the advanced traders!" Dar Wong , Acute Precision & Studies Research Inc. "Excellent book on pattern recognition technical trading well written and thorough with plenty of good illustrative charts." Mark Douglas , author, The Disciplined Trader and Trading in the Zone Review Text "?should prove valuable to those already practicing technical analysis and who want to take their trading to the next level." (Investors Chronicle,Â Friday 28th March 2008) Review Quote " should prove valuable to those already practicing technical analysis and who want to take their trading to the next level." ( Investors Chronicle,& Details ISBN047010676X Author Leslie Jouflas Short Title TRADE WHAT YOU SEE Series Wiley Trading Language English ISBN-10 047010676X ISBN-13 9780470106761 Media Book Format Hardcover Series Number 302 Year 2007 Residence Tucson Edition 1st Subtitle How To Profit from Pattern Recognition DOI 10.1604/9780470106761 UK Release Date 2007-11-13 NZ Release Date 2007-11-13 US Release Date 2007-11-13 Pages 224 Publisher John Wiley & Sons Inc Publication Date 2007-11-13 Imprint John Wiley & Sons Inc Place of Publication New York Country of Publication United States DEWEY 332.63228 Illustrations Charts: 130 B&W, 0 Color Audience Professional & Vocational AU Release Date 2007-10-14 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! 30 DAY RETURN POLICY No questions asked, 30 day returns! 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