Trade What You See: How To Profit from Pattern Recognition

by Larry Pesavento

Trading the financial markets is extremely difficult, but with the right approach, traders can achieve success. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders, who have consistently used pattern recognition to capture profits from the markets. In Trade What You See, Pesavento and Jouflas show traders how to identify patterns as they are developing and exactly where to place entry and exit orders. While some patterns derive from the techniques of Wall Street’s earliest traders and other patterns reflect Pesavento’s emphasis on the geometry of market movements and Fibonacci numbers.. Filled with hard-won knowledge gained through years of market experience, Trade What You See outlines both a practical and sophisticated approach to trading that will be of interest to both novice and seasoned traders alike. Larry Pesavento is a forty-year veteran trader. He operates a Web site,

Genres: Finance

224 pages, Hardcover

First published January 1, 2007

Reviews

[Gurmukh Sandhu · Rating 2 out of 5]

Nothing special

[Tadas Talaikis · Rating 1 out of 5]

Should be renamed to *chart* pattern "recognition", not pattern recognition.

[Per Erik Løff · Rating 3 out of 5]

Well

You get some completely basics, which is kinda good though. And some very advanced patterns which I usually need so accurately setups. (I look at gartley patterns and I see a double top which needs to be very accurate in the move down and the other top. I understand butterfly as a bo over former top..

However ofcourse I can miss some of the stuff, I like it simple. Like "about 50%" pullback is as good as 38 or 62. (fib numbers). I would point out that 50 is not a fibonacci number.

Basically are you interested in fibonacci and such I am sure it is good. I goes for Brooks price action tho. KISS !

[Y · Rating 4 out of 5]

不错的一本书，对于技术分析很有帮助。
左侧和右侧都有对应的分析和介绍，书中有具体的交易案例参考。
短线和长线，以及常见的回撤部分都有pattern区分。

[Josiah R · Rating 2 out of 5]

Decent book for beginners teaching the fundamentals of trading toward the end. The stuff toward the beginning is mostly technical patterns like Gartleys, butterflies, and fibonaccis and "harmonic numbers", etc. I only give it a 2 star because I think several important aspects of trading were included, otherwise it would have been 1 star :-).

[Abdullah Aljohani · Rating 3 out of 5]

great book if you are newbie and want to learn how to trade with high probability strategies. For a savvy trader, this book is not specific and doesn't provide enough depth that would make it great book.

[Jeremy · Rating 4 out of 5]

Excellent introduction to harmonic pattern trading.

[Anthony Close · Rating 4 out of 5]

Good for technical analysis overview. I wonder about the small time frame stuff though.