Product Details

• Amazon Sales Rank: #113550 in Books
• Published on: 2000-07-01
• Original language: English
• Number of items: 1
• Binding: Paperback
• 87 pages

Synopsis
"After studying the markets for 20+ years, I have come down to these 7 patterns as the key predictors of direction, in any market ...if you confirm your entries with these simple patterns, you'll be light years ahead of the average investor."-Ed Downs, CEO and Founder,OmniTrader by Nirvana SystemsIt's a fact: The most successful traders use technical analysis and chart patterns almost exclusively. Why? Because chart patterns work. They consistently-and accurately-help determine when to get in and out of the market for maximum profit-taking and loss avoidance. But which patterns should you use? Which are the most effective?OmniTrader founder Ed Downs now reveals the 7 best choices in his concise, powerful new booklet. Downs cuts to the chase, paring the list down to the most potent, consistently on-target chart patterns you need to know-whether you're an active trader or occassional investor.Plus-Downs shares simple, surefire steps for...-

Determining market direction- Recognizing-and benefiting from-winning chart patterns- Mastering money management techniques-including setting Profit Targets, Stop Loss levels and Risk:Reward ratios for every trade- Making Support & Resistance, Trendlines, Gaps, Fibonacci Retracements-and other amazing technical analysis tools easy to implementIt's a compact, to-the-point guide from the award-winning OmniTrader developer.

Customer Reviews

A good summary
This book can be helpful to have a brief summary of different possible chart patterns. It also provides the targets and exit levels. Anyway keep in mind this book is not about oscillators or techniques. Only chart patterns.

A Good Little Book !
This little Book is really quite good in the fact that this book Shows you support and resistance and different chart patterns, It also provides the targets and exit levels for trades to many people make it far to complicated when trading!
For a small book it is quite useful in reminding you that ( Kiss ) Keep it Simple Stupid.
Follow the proven tests of time trend and trend then you are on the path to getting it Wright !