Shows the ins and outs of recognizing the specific technical patterns that are most useful for traders to know. Each of the patterns presented has stood the test of time, and contains a message from the markets that can help capture or preserve profits. Learn to interpret each message properly and then act appropriately.
Takes chart analysis one step further. Goes beyond buy triggers to examine price reactions in twenty of the most common chart patterns. Simply match your setup to one of the configurations presented and see - before you buy - how your trade will likely perform.
Within the pages of this book, you’ll learn how to identify chart patterns, supported by easy-to-understand performance statistics describing how well a pattern works, what the failure rate is, and what special quirks suggest better future performance. You’ll discover how often a stop loss order will trigger at various locations within a chart pattern, how the chart pattern’s performance has evolved over the past three decades, and how to profit from failure by trading busted patterns.
Learn to spot pattern models in the apparent chaos of the markets...and see how to then move swiftly to capitalize on intraday trends at their onset.Strong focus on E-mini and Russell futures contracts.
This insightful new book demonstrates how applying price action analysis to chart patterns can help enhance returns and minimize downside risk. Discover the importance of understanding every bar on a price chart, why particular patterns are reliable set-ups for trades, and how to locate entry and exit points in real-time.