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Trade What You See Larry Pesavento

Trade What You See By Larry Pesavento

Trade What You See by Larry Pesavento


$28.99
Condition - Very Good
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Summary

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.

Trade What You See Summary

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

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 Street's earliest traders and other patterns reflect Pesavento's 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,

Trade What You See Reviews

...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)

About Larry Pesavento

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, www.tradingtutor.com, 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 www.tradingliveonline.com. 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

Additional information

GOR005179897
9780470106761
047010676X
Trade What You See: How To Profit from Pattern Recognition by Larry Pesavento
Used - Very Good
Hardback
John Wiley & Sons Inc
20071113
224
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Trade What You See