Chris Satchwell - Pattern Recognition & Trading Decisions
- Publisher: McGraw-Hill Professional; Har/Cdr edition (1 Nov. 2004)
- Language: English
- ISBN-10: 0071434801
- ISBN-13: 978-0071434805
Pattern Recognition and Trading Decisions shows how to recognize the many types of patterns that exist, and also how to distinguish a genuine pattern from a misleading one
What separates this book from many other books on technical analysis is that the author shows how to verify a pattern using several different and statistically independent perspectives, thus increasing the likelihood that the pattern is valid. Once a pattern is recognized and verified, trading decisions become more certain, leading to easier and more effective trading.
Verification from several perspectives requires a broad awareness of many technical analysis techniques, and the author covers this diversity quite effectively by supplying an overview of various trading decision tools and methods.
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