7 Chart Patterns That Consistently Make Money [Paperback]

Ed Downs (Author)

Book Description

Publication Date: July 1, 2000

"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.

Product Details

• Paperback: 87 pages
• Publisher: Marketplace Books, Inc. (July 1, 2000)
• Language: English
• ISBN-10: 1883272610
• ISBN-13: 978-1883272616
• Product Dimensions: 8.4 x 5.6 x 0.3 inches
• Shipping Weight: 1.6 ounces (View shipping rates and policies)
• Average Customer Review: 2.8 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #544,924 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

41 of 44 people found the following review helpful:

2.0 out of 5 stars A whispy primer, October 14, 2000

By 

EZ Rider (oldsmar, fl United States) - See all my reviews

This review is from: 7 Chart Patterns That Consistently Make Money (Paperback)

This book (really a pamphlet - only 42 pages) shows examples of basic chart patterns such as trendline breaks, cup and saucer, retracements, gaps, consolidations, etc. The description of each one is very brief. You can usually get the same information for free by attending a charting lecture at your local investment club.

On the other hand, it is brief, concise, and a good primer for someone just beginning to look at the world of technical analysis.

23 of 26 people found the following review helpful:

5.0 out of 5 stars Simple but Sublime, July 15, 2003

By 

G. A. Dawson "gadawson" (Austin, TX United States) - See all my reviews
(REAL NAME)   

This review is from: 7 Chart Patterns That Consistently Make Money (Paperback)

I agree whole-heartedly with the writer above who stated that this book is simple but gets right to the point. These are the basics, of course you want to build on it by reading other books, but you will rarely find this much helpful imforation in so few pages. (While curious about his software (Omni-trader) I don't think I would leave Tradstation for anything else.)I've read hundreds of books on trading and sometimes I have to put everything aside and review the basics and this book is quick at hand. If you master his simple techniques and use good money management you will be a successful trader. I'm sure many traders want to feel what we do is far more sophisticated but it doesn't have to be. That's the point. Don't stray far from the basics taught here.

GAD

GAD

24 of 30 people found the following review helpful:

1.0 out of 5 stars Don't read too much into the title, December 11, 2001

By A Customer

This review is from: 7 Chart Patterns That Consistently Make Money (Paperback)

This book covers only the basic of basics. It does not even begin to teach you how to recognise the patterns that the author skims over.

Be prepared also to read about the virtues of the trading system that the author is subtly marketing - they are not unique! For the price you pay for this 'brochure', you will gain much more from one of John Murphy's or Vic Sperandeo's books.