The 7 Chart Patterns That Consistently Make Money

by Edward Downs and Ed Downs

Book Overview

"After studying the markets for 20+ years, I have come down to these 7 patterns as the key predictors of direction, in any market . . .if you confirm your entries with these simple patterns, youll be... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1883272610
• ISBN13: 9781883272616
• Release Date: July 2000
• Publisher: Marketplace Books, Inc.
• Length: 92 Pages
• Weight: 0.32 lbs.
• Dimensions: 0.3" x 5.6" x 8.4"

Customer Reviews

Chart Patterns are key to a profitable trading system

Ed Downs has found the "Holy Grail" to profitable trading! If you are not using chart patterns to make your trading decisions then you are put at a disadvantage to the traders that are using chart patterns. Chart patterns "show" the psychology of the market! Ed Downs has recently just released a software module that has automated the process of finding the 7 patterns in his book . . . this again has given me an advantage by allowing me to do a quick scan over the world of stocks and future contracts looking for the best opportunities with the least amount of risk. You can see this new 7 pattern software module at Ed's website at http://www.omnitrader.com/omnitrader/Addons/cprm.htm **************************************************************** Here's a few lines from Ed's website- NEW Chart Pattern Recognition Module . . . Finds and Displays the 7 Chart Patterns that Consistently Make Money. After many man-months of development, I am thrilled to release our new Chart Pattern Recognition Module. Powered by this amazing add-on, OmniTrader 2005 quickly identifies the best patterns to trade and ranks their performance on a simple scale from 1 to 5. Now all OmniTrader users can see ALL 7 CHART PATTERNS displayed in their charts and apply the Power of Patterns to their trading! See the 7 Chart Patterns Come Alive in OmniTrader The significance of this new Chart Pattern Recognition Module is enormous. No other trading software does a robust and complete job of pattern recognition. Not only have our researchers solved the pattern recognition problem, the new module is tremendously affordable when purchased with the upgrade. Supercharge your trading with OmniTrader and the power of Chart Pattern Recognition! New Focus List Perhaps the most powerful single feature of the Chart Pattern Recognition Module is the enhancement to the Focus List. At a glance, you can tell if a given OmniTrader signal is confirmed with a Chart Pattern-You get the best of both worlds-the ability to confirm signals with patterns AND the ability to find the most powerful patterns on their own. When the ToDo List runs through your list of symbols and finds all chart patterns in the data, it also calculates relative performance of the patterns and converts this information into a strength rating from 1 (low) to 5 (high). The Pattern Tutor The educational benefit offered by the Pattern Tutor is enormous - you will quickly understand why (for example) consolidations and saucers are so powerful and predictive in certain market conditions. This will in turn help you confirm your trades more quickly and lead to higher profitability in your trading. A FABULOUS learning tool. The Pattern Tutor lets you quickly review examples of any pattern in your data. Just click the arrows to see the next example of the pattern that was selected. **************************************************************** Thanks Ed for creating such a great product.

Simple but Sublime

I agree whole-heartedly with the writer above who stated that this book is simple but gets right to the point. These are the basics, of course you want to build on it by reading other books, but you will rarely find this much helpful imforation in so few pages. (While curious about his software (Omni-trader) I don't think I would leave Tradstation for anything else.)I've read hundreds of books on trading and sometimes I have to put everything aside and review the basics and this book is quick at hand. If you master his simple techniques and use good money management you will be a successful trader. I'm sure many traders want to feel what we do is far more sophisticated but it doesn't have to be. That's the point. Don't stray far from the basics taught here.GADGAD

Quality not quantity

This book doesn't ramble, and instead cuts right to the chase. It features basic, straightforward rules for watching chart patterns. No frills, no bs, just the basics. I gave it 5 stars because this is what investment books should be like. I've seen other financial books with tens times the number of pages, but only one-tenth the info. If you track charts, this book is a must.