(From The Jacket) – Despite what many “experts” will have you believe, fundamentals–PE ratios, profit projections, and the like–don’t directly impact market performance. Instead, what drives performance is investors’ reactions to those fundamentals, reactions that are amazingly consistent from one market to the next and lead to patterns of price movement that can be equally as predictable.
And history has shown that traders who understand this distinction will consistently have the edge over those who do not.
“Martin Pring On Price Patterns” provides today’s most up-to-date exploration of price patterns and how they can be used with amazing accuracy to forecast not only how long an up- or downtrend will continue, but at what point the trend is destined to reverse its course. Covering the relationship between key technical analysis aspects and price patterns in language that is both clear and convincing, and based on a massive research program covering over 10,000 securities, this valuable and hands-on book includes:
- Classic formations, including head and shoulders, triangles, double bottoms, and more, along with outside bars, key reversals, and other shorter-term tools that have become popular with swing traders
- Descriptions of the underlying psychology of price pattern formations, essential in helping traders better judge the significance and potential of a specific pattern
- An hour-long DVD training session–featuring excerpts from Pring’s popular Live In London video series–which covers the building blocks and select formations of price patterns
The key to success in trading, as in so many endeavors, is to ignore what you hope will happen and focus instead on what has already happened. “Martin Pring On Price Patterns” reveals how and why price patterns have come to be regarded as today’s single-best tool for traders looking to first determine what has happened in the markets, and to then use that knowledge to dramatically and profitably improve their ability to forecast in which direction a price is likely to move and when.
TABLE OF CONTENTS
Part I: Basic Building Blocks
- Chapter 1 – Market Psychology And Prices: Why Patterns Work
- Chapter 2 – Three Introductory Concepts
- Chapter 3 – Support And Resistance Zones: How To Identify Them
- Chapter 4 – Trendlines
- Chapter 5 – Volume Principles As They Apply To Price Patterns
Part II: Traditional Patterns
- Chapter 6 – Using Rectangles, A Case Study For All Patterns
- Chapter 7 – Head And Shoulders
- Chapter 8 – Double Tops, Double Bottoms, And Triple Patterns
- Chapter 9 – Triangles
- Chapter 10 – Broadening Formations
- Chapter 11 – Miscellaneous Patterns
Part III: Short-Term Patterns
- Chapter 12 – Smaller Patterns And Gaps
- Chapter 13 – Outside Bars
- Chapter 14 – Inside Bars
- Chapter 15 – Key Reversal, Exhaustion, And Pinocchio Bars
- Chapter 16 – Two- And Three-Bar Reversals
Part IV: Miscellaneous Issues
- Chapter 17 – How To Assess Whether A Breakout Will Be Valid Or False
- Chapter 18 – How Do Price Patterns Test?