Trading Classic Chart Patterns
Trading Classic Chart Patterns is a groundbreaking primer on how to trade the most popular stock patterns, containing techniques for the seasoned professional and comprehensive guides supported by statistical research. It serves as a handy reference guide for your favorite chart patterns including broadening tops, head-and-shoulders, rectangles, triangles, and triple tops and bottoms. Trading Classic Chart Patterns gives new ideas on trendlines, support and resistance, placing stops, and avoiding investment mistakes.
Trading Classic Chart Patterns includes easy-to-use performance tables, vivid case studies, and a scoring system that makes trading Chart Patterns simple.
This comprehensive guide skillfully gives investors straightforward solutions to profitably trading chart patterns.
Filled with numerous techniques, strategies, and insights, Trading Classic Chart Patterns fits perfectly into any pattern trader's arsenal.
Through this book, you'll discover:
How to use the price trend leading to a chart pattern as a gauge of future performance
Why breakout gaps often improve performance-but by less than you think
How tall formations perform substantially better than short ones
What a partial decline is and how to buy in early for a larger profit
Whether high breakout volume really improves performance
How to identify horizontal consolidation regions that may stop prices dead in their tracks
A new tool, called the horizon failure rate, to assess performance over time
Table of Contents
Introduction
Part One: Getting Started
Down Trendlines
Up Trendlines
Support and Resistance
Stops, Bats, and Selling
Common Trading Mistakes
Part Two: Chart Patterns Reference Section
Broadening Tops
Diamonds
Double Bottoms
Double Tops
Head-and-Shoulders Bottoms
Head-and-Shoulders Tops
Rectangles
Scallops, Ascending
Scallops, Descending
Triangles, Ascending
Triangles, Descending
Triangles, Symmetrical
Triple Bottoms
Triple Tops
Statistics Summary and Analysis
Glossary and Methodology