» Trade What You See: How To Profit from Pattern Recognition (Wiley Trading)

Trade What You See: How To Profit from Pattern Recognition (Wiley Trading) Reviews

Customer Rating:
Summary: Pesavento Is Right On The Money!
Comment: 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.

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Customer Rating:
Summary: Larry called the entire decline for October 2008 with dates!
Comment: To those who would dismiss the author's writing, theories, etc. the proof is in the pudding. I have the opportunity to listen to this gentleman from time to time in radio interviews and he called the entire week of declines for the first week in October 6-10th AND last week he correctly predicted significant problems from the 24th through the 26th.

If his text helps you simply avoid entering a position, he has done you a service. His analysis and logic has been spot on and I look forward to his next book.

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Customer Rating:
Summary: Good Book but Pasavento is known for better
Comment: Great Book on simple TA... It was not what I expected but a cool book..

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Customer Rating:
Summary: This book is fantastic
Comment: I am new to the world of trading, and I have already read many books, seen seminars, etc.

Out of everything I have read, this book is not only the most practical and objective, but it also includes many poignant examples of both successful and failed trades. The patterns in this book are consistent and all build from Fibonacci ratios as well as the classic AB=CD pattern.

I cannot recommend this book enough. Out of every trading book I have, this is my favorite. It is well worth the money.

One note: it does take a little time to break into at first. I don't know that the opening of the book eases the reader into it, but if you get frustrated just skim the Fibonacci parts and go into the AB=CD pattern. It gets clearer from there.

One of my favorite books!!

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Customer Rating:
Summary: ...If You Can See It
Comment: Respect to the author, but a lot of this material can be found on the internet already, such as the AB=CD and Gartley patterns. For a book about visual pattern recognitions, the b/w blurry charts were a disappointment. Authors take note, shell extra for some color and larger charts will convey more than words, it would become a bestseller fast. Still, I've timed some profitable options trades using the geometric patterns.
A Pesavento must have book is Astro Cycles...if you are ready for it

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