Trading what you see, 1

Here’s a book that starts out seemingly too complex to be useful but on further examination is found to be full of valuable gems. Trade What You See: How To Profit from Pattern Recognition (Wiley Trading)

The authors trade geometric patterns. The patterns discussed include the AB=CD, the Garley 222, the Butterfly, the Three Drives, Retracements, Double Bottoms/Tops, Head and Shoulder, and Broadening Tops/Bottoms. Even if you don’t like those patterns, you’ll benefit from the authors’ discussion about how they manage the trade including where to put stop loss orders, when to raise your stop to breakeven for a risk free trade, and where to take profits.

...cont'd tomorrow...

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