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495,00 kr

This book offers today's most comprehensive review of price patterns - what they are, how they work, and which will work best for you. Technical analysis does not deal in certainties, only probabilities. Yet those probabilities improve dramatically when traders understand the psychology of price patterns and how that psychology influences traders' behavior and the movement of prices themselves. 'Martin Pring on Price Patterns' provides both new and experienced technical traders with today's most in-depth guide to the analysis and interpretation of price patterns. Pring, among the industry's most esteemed researchers and practitioners on the skilled use of charts and patterns, takes a detailed and implementation-based look at: virtually every popular price pattern, from classics such as head-and-shoulders to shorter-term patterns for today's fast-action traders; market-proven techniques for using one- and two-bar patterns - increasingly vital for day and swing traders; tips for placing stops designed to kick in only when the inevitable false breakouts occur; and, to determine how prices are most likely to move, and when, it is vital that you first develop a thorough knowledge of price patterns. 'Martin Pring on Price Patterns' introduces you to the patterns that are working - and working consistently - for traders in today's volatile markets, then helps you determine which will work best for you and your personal trading style. 'Stocks don't sell for what they are worth, but for what people think they are worth' - Garfield Drew, Legendary 1940s technician. Despite what many 'experts' will have you believe, fundamentals - PE ratios, profit projections, and the like - don't directly impact market performance. Instead, what drives performance is investors' reactions to those fundamentals, reactions that are amazingly consistent from one market to the next and lead to patterns of price movement that can be equally as predictable. And history has shown that traders who understand this distinction will consistently have the edge over those who do not. 'Martin Pring on Price Patterns' provides today's most up-do-date exploration of price patterns, and how they can be used with amazing accuracy to forecast not only how long an up- or down-trend will continue, but at what point the trend is destined to reverse its course. Covering the relationship between key technical analysis aspects and price patterns in language that is both clear and convincing, and based on a massive research program covering over 10,000 securities, this valuable and hands-on book includes: classic formations including head-and-shoulders, triangles, double bottoms, and more, along with outside bars, key reversals, and other shorter-term tools that have become popular with swing traders; descriptions of the underlying psychology of a price pattern formation, essential in helping traders better judge the significance and potential of a specific pattern; and, an hour-long DVD