Trade What You See: How To Profit from Pattern Recognition (Kindle Edition)

by Larry Pesavento (Author), Leslie Jouflas (Author)

Editorial Reviews

Review

"…should prove valuable to those already practicing technical analysis and who want to take their trading to the next level." (Investors Chronicle,  Friday 28th March 2008)

Product Description

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 Seeoutlines 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,

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Product Details

• Format: Kindle Edition
• Print Length: 224 pages
• Simultaneous Device Usage: Up to 4 simultaneous devices, per publisher limits
• Publisher: Wiley (November 2, 2007)
• Sold by: Amazon Digital Services
• Language: English
• ASIN: B001BVYQ16
• Average Customer Review: 4.5 out of 5 stars  See all reviews (15 customer reviews)
• Amazon.com Sales Rank: #61,698 in Kindle Store (See Bestsellers in Kindle Store)

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Customer Reviews

Most Helpful Customer Reviews

56 of 64 people found the following review helpful:

2.0 out of 5 stars A few good ideas but overrated and very disappointing. , February 21, 2008

By	Sau Cheung (New York, NY) - See all my reviews (REAL NAME)

This review is from: Trade What You See: How To Profit from Pattern Recognition (Wiley Trading) (Hardcover)

I've come to trust the reviews on amazon but i have to say that they are way off the mark for this particular book.
After trading for a few years, i've come to the belief that the simplest chart patterns are the best and you can find just about any pattern on a chart if you squint hard enough.
The authors would point out "ABCD" patterns after they have formed.
Perhaps the book was just poorly written but i just dont see the book helping any beginners and very few experienced traders.

26 of 30 people found the following review helpful:

5.0 out of 5 stars Pattern Recognition Guidance, November 12, 2007

By	S. Hogan (Seattle) - See all my reviews (REAL NAME)

This review is from: Trade What You See: How To Profit from Pattern Recognition (Wiley Trading) (Hardcover)

"Trade What You See" is an excellent guide to help traders filter through market volatility and media hype. Jouflas' and Pesavento's latest offering is a concise overview of how to look at the markets and identify high probability, low risk trade opportunities. From Fibonacci ratios, AB=CD patterns, to trade management and trading plan, any trader can supplement their own trading style with the basic trade guidelines outlined in this book.

As another review of this book has pointed out, the section "Learning to Recognize Trend Days" is very valuable. This section can be helpful to any trader to take advantage of trend day opportunities. The section is invaluable for countertrend traders who have not yet developed a strategy to recognize and trade trend days. At the very least, simply identifying a trend day can keep a countertrend trader from getting caught in low probability trade situations. Jouflas takes you through multiple steps of a trend day enabling a trader to more easily assess what is happening.

Disclosure: I have followed both Leslie Jouflas and Larry Pesavento for several years. Even so, in reading this book, I found myself brushing up on some areas. Especially the "Trend" section.

14 of 16 people found the following review helpful:

3.0 out of 5 stars ...If You Can See It, May 1, 2008

By	Steve Conner (USA) - See all my reviews

This review is from: Trade What You See: How To Profit from Pattern Recognition (Wiley Trading) (Hardcover)

Respect to the author, but a lot of this material can be found on the internet already, such as the AB=CD and Gartley patterns. For a book about visual pattern recognitions, the b/w blurry charts were a disappointment. Authors take note, shell extra for some color and larger charts will convey more than words, it would become a bestseller fast. Still, I've timed some profitable options trades using the geometric patterns.
A Pesavento must have book is Astro Cycles...if you are ready for it