The Step-By-Step Guide to Profitable Pattern Trading

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The Step-By-Step Guide to Profitable Pattern Trading image
ISBN-10:

0934380724

ISBN-13:

9780934380720

Author(s): Al Coppola
Released: Dec 01, 2006
Publisher: Traders Press
Format: Hardcover, 257 pages

Description:

Studying Al's book will put you on the right path to financial independence, you only need to commit your effort and an investment that is less than you will no doubt make with just one trade. IT'S EASIER TO TEACH A FISH TO RIDE A BICYCLE THAN IT IS TO LEARN TO TRADE FOR A LIVING Seriously, only 2% of all who attempt to trade securities for a living ever achieve the goal of financial freedom. We are constantly looking for the "Holy Grail"--that elusive magic system that will give us the sure way to produce consistent winning trades. We study books, reports, newsletters, go to seminars, buy "black boxes," subscribe to "sure pick services," try tips from well meaning friends, attend chat rooms and are quick to adopt the indicator de jure, yet we continue to lose until we are forced to surrender and our equity is dissipated. The learning curve can be very steep. You can spend 1000's of hours studying charts, back testing strategies, testing and retesting systems and indicators to figure out what works in the market and what doesn't. What makes matters worse is the mountains and mountains of misinformation, false experts and self appointed gurus. Finally the years of frustration and disappointment will lead to discernment which permits you to discriminate and recognize what works and what does not. It would be nice if someone was there, when you started to , to guide you step by step and avoid the trial and error which will only cost you money. Al Coppola has provided this roadmap. The clarity of Al's excellent presentation will accelerate your trip from faltering trader to a successful confident, profitable trader. Studying Al's book will put you on the right path to financial independence, you only need to commit your effort and an investment that is less than you will no doubt make with just one trade. Table of Contents Introduction Chapter 1 - Building Blocks Chapter 2 - Finding the Patterns Chapter 3 - Trade Management Chapter 4 - Candlestick Formations & Warning Signs Chapter 5 - Practice Charts Chapter 6 - Confluence of Patterns on Multiple Time-Frames Chapter 7 - Break-out Strategy & Bonus Materials "Al has presented the concept of pattern recognition in a clear, concise and easy to understand format. It is one of the best books to accurately describe how and why patterns work. His treatment of money management adds great value to this 'soon to be classic' book." ---Larry Pesavento

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