{"product_id":"trade-what-you-see-isbn-9780470106761","title":"Trade What You See","description":"Trading the financial markets is extremely difficult, but with the right approach, traders can achieve success. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders, who have consistently used pattern recognition to capture profits from the markets. In \u003ci\u003eTrade What You See,\u003c\/i\u003e Pesavento and Jouflas show traders how to identify patterns as they are developing and exactly where to place entry and exit orders. While some patterns derive from the techniques of Wall Street’s earliest traders and other patterns reflect Pesavento’s emphasis on the geometry of market movements and Fibonacci numbers.. Filled with hard-won knowledge gained through years of market experience, \u003ci\u003eTrade What You See\u003c\/i\u003eoutlines both a practical and sophisticated approach to trading that will be of interest to both novice and seasoned traders alike.  \u003cp\u003e\u003cb\u003eLarry Pesavento\u003c\/b\u003e is a forty-year veteran trader. He operates a Web site,\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eAbout the Authors xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Introduction to Trading with Pattern Recognition\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Opening Thoughts 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow to Use This Book 3\u003c\/p\u003e \u003cp\u003eSucceeding or Failing in Trading 4\u003c\/p\u003e \u003cp\u003eSteps to Take for Successful Trading 7\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Geometry of the Patterns and Fibonacci Ratios 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory of Geometry in the Markets 11\u003c\/p\u003e \u003cp\u003eFibonacci Ratios 13\u003c\/p\u003e \u003cp\u003eApplying the Fibonacci Ratios 15\u003c\/p\u003e \u003cp\u003eSummary 18\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Harmonic Numbers and How to Use Them 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhere the Term Harmonic Numbers Originated 19\u003c\/p\u003e \u003cp\u003eDefining a Harmonic Number 20\u003c\/p\u003e \u003cp\u003eVibrations in Price Swings 22\u003c\/p\u003e \u003cp\u003eRepetition in Price Swings 24\u003c\/p\u003e \u003cp\u003eFinding Harmonic Numbers 28\u003c\/p\u003e \u003cp\u003eHarmonic Numbers Found in Other Markets 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II The Price Patterns and How to Trade Them\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The AB=CD Pattern 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory of the AB=CD Pattern 37\u003c\/p\u003e \u003cp\u003eAB=CD Pattern Description 39\u003c\/p\u003e \u003cp\u003eAB=CD Pattern Structure 39\u003c\/p\u003e \u003cp\u003eImportant Characteristics of the AB=CD Pattern 42\u003c\/p\u003e \u003cp\u003eCD Leg Variations 43\u003c\/p\u003e \u003cp\u003eSlope and Time Frames 46\u003c\/p\u003e \u003cp\u003ePsychology of the AB=CD Pattern 48\u003c\/p\u003e \u003cp\u003eTrading the AB=CD Pattern 49\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Gartley “222” Pattern 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory of the Gartley “222” Pattern 53\u003c\/p\u003e \u003cp\u003eGartley “222” Pattern Description 55\u003c\/p\u003e \u003cp\u003eGartley “222” Pattern Structure 56\u003c\/p\u003e \u003cp\u003eImportant Characteristics of the Gartley “222” Pattern 57\u003c\/p\u003e \u003cp\u003ePsychology of the Gartley “222” Pattern 59\u003c\/p\u003e \u003cp\u003eTrading the Gartley “222” Pattern 60\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 The Butterfly Pattern 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory of the Butterfly Pattern 67\u003c\/p\u003e \u003cp\u003eButterfly Pattern Description 69\u003c\/p\u003e \u003cp\u003eButterfly Pattern Structure 70\u003c\/p\u003e \u003cp\u003eImportant Characteristics of the Butterfly Pattern 71\u003c\/p\u003e \u003cp\u003ePsychology of the Butterfly Pattern 72\u003c\/p\u003e \u003cp\u003eTrading the Butterfly Pattern 73\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Three Drives Pattern 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory of the Three Drives Pattern 81\u003c\/p\u003e \u003cp\u003eThree Drives Pattern Description 82\u003c\/p\u003e \u003cp\u003eThree Drives Pattern Structure 83\u003c\/p\u003e \u003cp\u003eImportant Characteristics of the Three Drives Pattern 84\u003c\/p\u003e \u003cp\u003ePsychology of the Three Drives Pattern 84\u003c\/p\u003e \u003cp\u003eTrading the Three Drives Pattern 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Retracement Entries and Multiple Time Frames 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFibonacci Retracement Entries 92\u003c\/p\u003e \u003cp\u003eFibonacci Retracement Pattern Structure 92\u003c\/p\u003e \u003cp\u003eTrading the Fibonacci Retracement Pattern 95\u003c\/p\u003e \u003cp\u003eOpening Price Retracement Setups 98\u003c\/p\u003e \u003cp\u003eMarket Setup for the Opening Price Retracement Trade 99\u003c\/p\u003e \u003cp\u003eTrading the Opening Price Retracement Setup 100\u003c\/p\u003e \u003cp\u003eMultiple Time Frames 103\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Classical Technical Analysis Patterns 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Brief History of Technical Analysis 114\u003c\/p\u003e \u003cp\u003eBasics of Technical Analysis 115\u003c\/p\u003e \u003cp\u003eDouble Bottom and Top Patterns 115\u003c\/p\u003e \u003cp\u003eHead and Shoulders Pattern 120\u003c\/p\u003e \u003cp\u003eBroadening Top and Bottom Patterns 126\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Learning to Recognize Trend Days 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIdentifying a Trend Day 132\u003c\/p\u003e \u003cp\u003ePatterns Found on Trend Days 135\u003c\/p\u003e \u003cp\u003eFibonacci Ratios on Trend Days 138\u003c\/p\u003e \u003cp\u003eControlling Risk on a Trend Day 140\u003c\/p\u003e \u003cp\u003eTrading a Trend Day 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Essential Elements of Trading\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Trade Management 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThinking in Probabilities 150\u003c\/p\u003e \u003cp\u003eWarning Signs and Confirmation Signs 151\u003c\/p\u003e \u003cp\u003eMoney Management 155\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Using Options with the Fibonacci Ratios and Patterns 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCall and Put Options Defined 161\u003c\/p\u003e \u003cp\u003eFactors That Influence the Price of an Option 162\u003c\/p\u003e \u003cp\u003eControlling Risk with Options 163\u003c\/p\u003e \u003cp\u003eExamples of Using Options with Extension Patterns 164\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Building a Trading Plan 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDaily Trading Plan 168\u003c\/p\u003e \u003cp\u003eTrading as a Business 174\u003c\/p\u003e \u003cp\u003eDisaster Plans 177\u003c\/p\u003e \u003cp\u003eSummary 181\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Daily Routines 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTrade Preparation 183\u003c\/p\u003e \u003cp\u003eMental Preparation 187\u003c\/p\u003e \u003cp\u003ePhysical Preparation 188\u003c\/p\u003e \u003cp\u003eAppendix 191\u003c\/p\u003e \u003cp\u003eIndex 195\u003c\/p\u003e \"…should prove valuable to those already practicing technical analysis and who want to take their trading to the next level.\" (\u003ci\u003eInvestors Chronicle, \u003c\/i\u003e Friday 28th March 2008)  \u003cp\u003e\u003cb\u003eLARRY PESAVENTO\u003c\/b\u003e is a forty-year veteran trader who has one of the most extensive trading libraries in the world. He operates a Web site, www.tradingtutor.com, which provides market analysis for subscribers. Pesavento speaks regularly at trading conferences and is a private trader for a large hedge fund. The pattern recognition approach he uses eliminates the random nature of market action. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eLESLIE JOUFLAS\u003c\/b\u003e has been trading for over ten years and went professional in 2000. She coaches and tutors trading students as well as moderates and runs www.tradingliveonline.com. Jouflas also trades privately managed money as well as her own account.   \u003c\/p\u003e\u003cp\u003eTrading the financial markets is extremely difficult, but with the right approach, you can achieve success. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders, who have consistently used pattern recognition to capture profits from the markets. \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eTrade What You See\u003c\/i\u003e, Pesavento and Jouflas examine a technical approach to trading that will allow you to identify patterns as they are developing, and discuss how to implement this method to effectively manage your trades. While some patterns derive from the techniques of Wall Street's earliest traders, other patterns reflect Pesavento's emphasis on the geometry of market movements and Fibonacci numbers. \u003c\/p\u003e\u003cp\u003eEngaging and accessible, this detailed guide uses a variety of stocks and markets—in the numerous chart examples found throughout these pages—to illustrate how particular patterns form in different markets and time frames. Once you have a solid foundation in the area of pattern structures, you'll become familiar with how these patterns are traded and discover the best ways to integrate them into your own trading endeavors. \u003c\/p\u003e\u003cp\u003eDivided into three comprehensive parts, \u003ci\u003eTrade What You See:\u003c\/i\u003e \u003c\/p\u003e\u003cul\u003e \u003cli\u003eReveals how to identify trending conditions and discusses techniques for entering in the direction of the trend\u003c\/li\u003e \u003cli\u003ePresents proven patterns that range from classical technical analysis to the Butterfly, AB=CD, and the Three Drive\u003c\/li\u003e \u003cli\u003eOffers in-depth insights on how to use options in conjunction with patterns\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eBut the only way to use the information in this book profitably is by understanding each pattern and following sound trading principles. To help you accomplish this, Pesavento and Jouflas have included guidelines on developing a trading plan that covers: pattern recognition; thinking in terms of probabilities; money management; risk assessment; and techniques for entering and exiting trades. Along the way, they also discuss setting up trading as a business—and preparing for the unexpected—because approaching this discipline from any other angle would be a big mistake. \u003c\/p\u003e\u003cp\u003eFilled with hard-won knowledge gained through years of market experience, \u003ci\u003eTrade What You See\u003c\/i\u003e outlines both a practical and sophisticated approach to trading that will be of interest to both new and seasoned traders alike.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990401335525,"sku":"NP9780470106761","price":63.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470106761.jpg?v=1761787680","url":"https:\/\/k12savings.com\/products\/trade-what-you-see-isbn-9780470106761","provider":"K12savings","version":"1.0","type":"link"}