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7 Chart Patterns That Consistently Make Money | 
 enlarge | Author: Ed Downs
Publisher: Marketplace Books
Category: Book
List Price: $19.95
Buy New: $4.97
You Save: $14.98 (75%)
New (22) Used (19) from $1.62
Rating:  10 reviews
Media: Paperback
Pages: 87
Number Of Items: 1
Shipping Weight (lbs): 0.1
Dimensions (in): 8.3 x 5.2 x 0.2
ISBN: 1883272610
Dewey Decimal Number: 332
EAN: 9781883272616
Publication Date: July 1, 2000
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
Ed's new trading booklet is an outstanding collection of perfectly illustrated classic chart patterns that will serve as a great reference for any trader. This booklet contains the essential techniques that Ed uses everyday in his market analysis. Some of the topics covered include: - How to Determine Market Direction
- Basic Money Management
- Setting Profit Targets and Stop Loss Points
- The 7 Most Profitable Charts
... all condensed into just 42 pages! After some 20 years of study including more than 100 books on technical analysis, Ed Downs has now condensed his most successful techniques into a practical, easy to read desk top reference that will help traders become experts at reading charts.
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| Customer Reviews:
Showing reviews 1-5 of 10
 great for new or experienced technical analysts and chartists April 6, 2010
John A (Tucson, AZ)
1 out of 1 found this review helpful
Ed's trading booklet is an outstanding collection of perfectly illustrated classic chart patterns that will serve as a great reference for any trader. This booklet contains the essential techniques that Ed uses everyday in his market analysis. Short but concise.
 7 Chart Patterns Is an Advertisement August 5, 2009
F. Shanbour (Sacramento, CA United States)
1 out of 4 found this review helpful
7 Chart Patterns is an advertisement for their black-box trade idea generator. The software they are selling is about $1,500 plus data feed. If you are going to trade based on chart patterns, the software would save you time. I tried to trade from technicals in the charts for about 3 years with no success so I did not think that method was for me. This book did not change my mind on that. However, it does give a good, although brief, overview of the patterns that it does cover, so if you've never looked at technical charting before, it is a good intro to it. If you are familiar with support and resistance, cup and handle, and the like, don't waste your time.
Do not waste your money on it! April 4, 2007
Nicolae D. Tus
3 out of 6 found this review helpful
This 88 pages brochure, that includes 18 pages of advertises, does not worth anything. The author is definitely out of touch with the reality of trading. All the information in this book (and much more) one can find on internet free and in much detail from real traders. Do not waste your money on it! The book has a very impressive Contents sheet but that is all. If you want to return it, it will cost you more than the book it self.
 Chart Patterns are key to a profitable trading system April 29, 2005
D. Wilson (Washington State)
9 out of 17 found this review helpful
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
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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.
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Thanks Ed for creating such a great product.
A Joke June 21, 2004
26 out of 37 found this review helpful
I worked for the author. I think the most telling point is he does not trade. He sells software and writes books for you to trade but very rarely executes trades himself. That should tell you a LOT.
Showing reviews 1-5 of 10
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