Trade What You See: How To Profit from Pattern Recognition (Wiley Trading Book 302) 1st Edition, Kindle Edition

I've followed Pesavento for years, and his market calls are right on the money -- and he did it again calling the October 6th, 2008 week historic decline.It's usually the soft spoken guys that really know what is going on in the market -- and when they speak you should listen. Was listening to a radio interview with another great market technician, Bennett McDowell - he wrote "The ART of Trading"  The ART of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading (Wiley Trading)  -- McDowell was on the "Financial Wisdom" radio show on [...] the other day because Gabriel Wisdom, the host, was so impressed by how McDowell called the same decline on Friday, October 3rd, 2008 -- also right on the money.What Gabe Wisdom said in his interview with McDowell is that he also had Pesavento on his show earlier, calling the same decline, and Pesavento was hesitant to make the call on air -- since he didn't want to concern the listeners. And that is the challenge for these guys that make these calls -- they see what their analysis tells them, but don't want to overly alarm the general audience.Pesavento uses Astrology and Pattern Recognition to make his market calls and McDowell uses Elliott Wave and his ART, Applied Reality Trading, software to make his calls. Both are based on technical analysis, which some folks still are afraid to embrace. But, now more than ever, the average trader AND investor must start to learn how to use these techniques. Now more than ever we all need as much ammunition as we can get to work through the existing economic downturn.Best not to rely solely on your financial advisor and/or broker, and instead take your finances into your own hands. Pesavento's book and his approach to pattern recognition will teach you how to do just that. Recommended reading.

This book is focused on several simple and easy chart patterns in combination with Fibonacci ratios. The material is presented clearly with pertinent examples making for an easy and clear reading. This information is blending well with prior price action studies I made and I feel that it added valuable tools to my trading skills. The warning and confirmation signs mentioned repeatedly are simple to spot and apply just about to any other trading method, so that too is something well worth knowing. Since I have just finished making my notes from this book and did not get a chance to incorporate this information into active trading yet, I cannot comment about the validity of the patterns beyond hind sight chart reading where it seems to be very valid. I dropped one star from the score because the chapter about money management appeared to me somewhat antiquated in its approach. This of course, is a difference of opinion and not a dispute of facts. Granted, the authors are experienced and seasoned traders, something that I am not. All I'm saying is that I have seen different approach to money management that is in my opinion safer and more effective than the old common recipe that is repeated in this chapter. Nonetheless, the book is without a doubt a very worth while reading and I highly recommend it.

Good book breaking down the AB=CD. Ties in AB=CD, fibonacci, gartley and several other topics. I got some solid material out of this namely the Gartley stuff, the AB=CD. I also like to listen to his analysis on youtube, where he covers his analysis. Good book from a seasoned vet who was in the pits from the 70s to behind the desk now. He is well intentioned and the book itself can cover the whole gamut from methodology, psychology and risk management. I use the material to aid in pattern recognition...continuation and projection. At this point much of it I recognize after the fact, but use it in conjnunction with my own analysis, with confluence the key. Worthy of reading atleast once a year. I have yet to catalogue my own screenshots of the patterns, but it's something I plan on doing to reinforce the material and better grasp of recognizing in real time.

You get some completely basics, which is kinda good though. And some very advanced patterns which I usually need so accurately setups. (I look at gartley patterns and I see a double top which needs to be very accurate in the move down and the other top. I understand butterfly as a bo over former top..However ofcourse I can miss some of the stuff, I like it simple. Like "about 50%" pullback is as good as 38 or 62. (fib numbers). I would point out that 50 is not a fibonacci number.Basically are you interested in fibonacci and such I am sure it is good. I goes for Brooks price action tho. KISS !

Larry Pesavento's book is a very good book. I recommend it to many other traders looking for a way to remove all their indicators from the charts and strictly trade price action. Although, the book lacks detail about patterns, it is still a great book. I highly recommend Scott Carney's books on the subject because they are more technical than this one. However, Larry presented us with an awesome chapter about money management and a trading plan.

Best trading book I’ve ever bought. For two years I’ve been seeing these patterns every day, never knowing how to take advantage of them. He makes it extremely easy to understand and I am looking forward to being a better trader.

The foundations of the theory are built on past price action which is not indicatuve of something. And just because you draw lines you aint got any predictive value.Technical Analysis is a posteriori always, we professional traders don’t burn money nor time using such stupid theories as the ones outlined in this book that rely on forced drawings on chart, enumarating abcd or whatever. That’s for losers who don’t understand forex and if they make money, given enough time probability it’s against them

Liked this one. Learned some nice patterns. I would say it is for intermediate traders that are already trading with understanding of trade management. Otherwise it might be too much to grasp at once.

Great book on Fx trading, the author tells it how it is. This might the only book worth reading if you want to trade forex as I have been told anything else out there is waste of time.

Great book.

If you are a technical trader must read it!

If you are like me and you don't. Then you will find this to be an incredible waste of time and money. The book should have it on the title.

A lot of speculation in this thin little book, and for 45€ it sure is a bad trade.. there is much better content on price action and chart reading out there, see Al Brooks and Bob Volman for example. Hope that helps.