Success in technical analysis is all about recognizing, and quickly acting on, patterns
of market behavior. Pattern Recognition and Trading Decisions shows active traders how to
realize when a pattern is developing, distinguish between a genuine pattern and a
misleading series of events, and apply this recognition for success in specific trading
situations. A how-to guide that steers clear of difficult calculations and formulas, this
dynamic book--from an author tabbed "far ahead of anyone else" by technical
analysis guru Martin Pring--is destined to be on the desktop of every serious technical
trader.
Pattern Recognition and Trading Decisions shows how to recognize the
many types of patterns that exist, and also how to distinguish a genuine pattern from a
misleading one
What separates this book from many other books on technical analysis is that the author
shows how to verify a pattern using several different and statistically independent
perspectives, thus increasing the likelihood that the pattern is valid. Once a pattern is
recognized and verified, trading decisions become more certain, leading to easier and more
effective trading.
Verification from several perspectives requires a broad awareness of many techniques of
technical analysis, and the author covers this diversity quite effectively by supplying an
overview of a variety of trading decision tools and methods.
About Author
Chris Satchwell is the chief economist for Recognia, a Web-based chart
analysis provider for online brokers, including E-Trade.
Hardcover
352 pages