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

Trade What You See: How To Profit from Pattern Recognition Larry Pesavento, Leslie Jouflas ebook
Format: pdf
Page: 211
ISBN: 2007034476, 9780470106761
Publisher: Wiley

Once you have breakout pattern recognition down, this does not guarantee success. Trading the financial markets is extremely difficult, but with the right approach, traders can achieve success. Not just any Today , breakout trading is where you see most of the money being made in Forex trading by those who truly understand the structure behind a true breakout; those traders are getting paid from those who don't understand. By this I mean stock charts cannot look "kinda" like a pattern or have certain elements of a pattern. Chart pattern trading is something that takes a lot of discipline. In swing trading, investors capitalize on the predictability of this pattern. We advice you to look for a currency trading portal to learn more about Forex Trading and how to make money out of it! Before I go on there is just one thing that I want to explain about recognizing chart patterns and this was a lesson that was taught to me by my good friend David and one that you will learn the hard way if you don't listen now. Successful market speculators not only recognize profitable chart patterns, they have the discipline and personality needed to follow rules. You buy during the pull-back to enhance your chances of making a profit. Forex trading could be very lucrative if you trade the right way. Nobody knows this better than authors Larry. They need to match the pattern's characteristics by 100% or they will not work. I've told you in the past, about 90% of technical patterns that traders have learned to trade for over a century, are now being manipulated by professional HFT and other black-box systems. He is the author of ten books on trading, the most recent of which, is called Trade What You See How To Profit From Pattern Recognition and is published by Wiley Trading. Swing Trading Downtrends Again, you can notice on any stock that you are A downtrend can be recognized by the reverse of an uptrend; a series of lower lows and lower highs (the peak of each pull-up). Once you learn and adopt the rules and trade with discipline, you will profit higher than before in the stock market. Larry's Website: Trading Tutor.