Pattern Recognition and Trading Decisions

Pattern recognition is what technical analysis is all about. When patterns (pennants, double bottoms, head-and-shoulders, etc.) are recognized for what they are, trading becomes much more effective and profitable. The problem is that recognizing valid patterns is much harder to do in practice than in theory. 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 ... Read More

Pattern recognition is what technical analysis is all about. When patterns (pennants, double bottoms, head-and-shoulders, etc.) are recognized for what they are, trading becomes much more effective and profitable. The problem is that recognizing valid patterns is much harder to do in practice than in theory. 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. In the overview, the author covers the basic knowledge of most commonly used trading methods. how to implement market knowledge (i.e., pattern recognition) in a decision making environment. Case studies and examples show how to apply pattern recognition to specific trading situations. Topics covered include: - The value of multiple independent methods - The significance of specific trading indicators - How to read a market through trading patterns - How to take advantage of failed patterns - Problem of adapting to changing markets Pattern Recognition and Trading Decisions is dynamic in nature. The author understands that the markets constantly change and that no single mehod works for the long term. The author shows how a trader must continually adjust and find new ways to trade. When one pattern stops working, it becomes time to move on to a new method and pattern. The author shows how to exploit an existing pattern, and then adjust and move on once the pattern has changed. Simple, filled with numerous examples and case studies, applicable to all markets, Pattern Recognition and Trading Decisions is the next step forward in the increasingly complex and useful world of technical analysis. trader. Read Less

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• Hardcover, Very Good 2004, McGraw-Hill Companies ISBN-13: 9780071434805 See Item Details ▾

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  $36.32 $65.00 Add to Basket Add this copy of Pattern Recognition and Trading Decisions [With Cdrom] to cart. $36.32, very good condition, Sold by ThriftBooks-Dallas rated 5.0 out of 5 stars, ships from Dallas, TX, UNITED STATES, published 2004 by McGraw-Hill Companies.

  	Edition: 2004, McGraw-Hill Companies Hardcover, Very Good	Details: ISBN: 0071434801 ISBN-13: 9780071434805 Pages: 352 Publisher: McGraw-Hill Companies Published: 2004 Language: English Alibris ID: 18383815017	Shipping Options: Standard Shipping: $4.88 Choose your shipping method in Checkout. Costs may vary based on destination.
  Seller's Description: Very good. May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less.
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2004, McGraw-Hill Companies, New York, NY ISBN-13: 9780071434805 Unknown binding See All from $36.32