The 7 Chart Patterns That Consistently Make Money - Softcover

Downs, Edward

Softcover

ISBN 10: 1883272610 ISBN 13: 9781883272616

Publisher: Traders' Library, 2000

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.

About this title

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.

About the Author

A 20-year veteran of trading, Ed Downs is the developer of the OmniTrader software, which was released in 1994. Now in its fifth version, OmniTrader is recognized around the world as one of the leaders in trading system automation. Downs is also the editor of the SignalWatch daily market column, where he evaluates the overall market, provides trading lessons, and selects charts that are exhibiting proven technical analysis patterns. The column can be viewed at www.signalwatch.com. Downs has a B.S degree in Mechanical Engineering from the University of Texas and a M.S. degree in Electrical Engineering also from the University of Texas. Well versed in engineering theory and practice, Downs has successfully applied automation principles to trading through the development of OmniTrader.

Edition details

• Publisher: Traders' Library
• Publication date: 2000
• Language: English
• ISBN 10: 1883272610
• ISBN 13: 9781883272616
• Binding: Paperback
• Number of pages: 92