Pattern Recognition and Trading Decisions

Pattern Recognition and Trading Decisions book cover

Pattern Recognition and Trading Decisions

Author(s): Chris Satchwell (Author)

  • Publisher: McGraw-Hill Education
  • Publication Date: 16 Nov. 2004
  • Language: English
  • Print length: 350 pages
  • ISBN-10: 0071434801
  • ISBN-13: 9780071434805

Book Description

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 techniques of technical analysis, and the author covers this diversity quite effectively by supplying an overview of a variety of trading decision tools and methods.

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