Price: ₹188.00
(as of Jan 24, 2024 05:26:10 UTC – Details)
Trading Chart Pattern Book is our #1 Bestseller Product, over 2 Lakh traders and 1000+ Coaching Institutes are using our Trading Chart Pattern Book to understand/Teach Candlestick and chart patterns because we provide most accurate and effective chart pattern for traders.
Best Trading chart patterns like Head and shoulders, Double top, Double bottom, Rounding bottom, Cup and handle, Wedges Pennant or flags, Ascending triangle, Descending triangle and Symmetrical triangle are explained very well with pictorial representation.
Some Most Asked Question:
Q. Do trading chart patterns really work?
Yes, chart patterns really work. According to decades of research, chart patterns work between 50 and 89 percent, depending on the pattern and the market. For example, a double bottom pattern in a bull market is predictive, with an accuracy of 88 percent and an average price change of +50 percent.
Q. What are trading chart patterns?
Chart patterns are visualizations of market price moves created by supply and demand. These patterns identify potential price breakouts, reversals, and continuation moves. Chart patterns such as a triangle or head & shoulders are naturally formed by market buying and selling.
Q. How do I use trading chart patterns?
Chart patterns are used to identify potential trading opportunities. When a chart pattern is formed, you should watch closely for the pattern to break out. If the asset price breaks out through the resistance, it is a buy; if it breaks down through support, it is a sell.
Q. How important are chart patterns?
Chart patterns are incredibly important for traders in stocks, foreign exchange, ETFs, and cryptocurrencies. Many traders use chart patterns but do not understand the probabilities of specific chart pattern success. For example, an ascending triangle has an 83 percent chance of success.
Q. What is the psychology behind chart patterns?
Chart patterns reflect the psychology of market participants and how they perceive a security’s value. Chartists use these patterns to determine when buyers or sellers are in control, which can be used to identify potential reversals or breakouts. Chartists are looking for trends in price and volume that signify the current state of market sentiment.
Q. How do you trading chart patterns?
Trading chart patterns is all about timing and spotting when the market turns. A trader should look for the signs of a pattern forming, such as volume spikes or narrowing price movements. Once a pattern has been identified, traders can execute trades based on their interpretation of the data.
Q. Is pattern trading profitable?
Yes, pattern trading can be profitable when done properly. Pattern traders must recognize the pattern, wait for the breakout, understand the probability of success, and set a realistic target. These steps balance the risk (success probability) and reward (price target). These steps establish a solid framework for the trade.
Q. Who invented chart patterns?
Traders have used chart patterns for centuries. However, modern chart patterns were made popular by early technical analysts such as Charles Dow, born 1851, and Richard Wyckoff, born 1873. As trading technology progressed, so did the development of automated chart pattern recognition software to help traders identify trends.
Product Description
Trading Chart Pattern Book English
Best Trading chart patterns like Head and shoulders, Double top, Double bottom, Rounding bottom, Cup and handle, Wedges Pennant or flags, Ascending triangle, Descending triangle and Symmetrical triangle are explained very well with pictorial representation.
Trading Chart Pattern Book in Hindi
Trading Chart Pattern Book in Hindi is the hindi translation of original english book. It consist of same information and tips for candlestick charts / breakout chart pattern.
Trading Chart Pattern Book in Marathi
Trading Chart Pattern Book in Marathi is the Marathi translation of original English book. It consist of same information and tips for candlestick charts / breakout chart pattern.
Do trading chart patterns really work?
Yes, chart patterns really work. According to decades of research, chart patterns work between 50 and 89 percent, depending on the pattern and the market. For example, a double bottom pattern in a bull market is predictive, with an accuracy of 88 percent and an average price change of +50 percent.
What are trading chart patterns?
Chart patterns are visualizations of market price moves created by supply and demand. These patterns identify potential price breakouts, reversals, and continuation moves. Chart patterns such as a triangle or head & shoulders are naturally formed by market buying and selling.
How do I use trading chart patterns?
Chart patterns are used to identify potential trading opportunities. When a chart pattern is formed, you should watch closely for the pattern to break out. If the asset price breaks out through the resistance, it is a buy; if it breaks down through support, it is a sell.
How important are chart patterns?
Chart patterns are incredibly important for traders in stocks, foreign exchange, ETFs, and cryptocurrencies. Many traders use chart patterns but do not understand the probabilities of specific chart pattern success. For example, an ascending triangle has an 83 percent chance of success.
Study this book
This Book will teach a trader or investor basics of price action technical analysis so that he can pick right stocks at right time to make money from trading or investing in them. The book will teach you how to use various technical analysis tools like support – resistance, moving averages, candlestick patterns, chart patterns, etc in price action trading with help of various case studies and charts. The book also explains risk management techniques like Position Sizing, Placing Initial Stop Loss and Trailing Stop Loss, Maintaining Trading Journal, etc. Candlesticks like Hammer, Hanging Man, Inverted Hammer, Shooting Star, Doji, Engulfing Pattern, Morning Star, Evening Star, etc are explained in this book.
Content
✓
✓
✓
Pages
96 96 96
Type
Pocket Book Pocket Book Pocket Book
Size
A5 A5 A5
Publisher
Plus Pramesh Plus Pramesh Plus Pramesh
ASIN : B0B5S7XBVR
Publisher : Pramesh Universal India; 2023rd edition (1 January 2022); Pramesh Universal India
Language : English
Paperback : 96 pages
ISBN-10 : 9392363672
ISBN-13 : 978-9392363672
Reading age : 15 years and up
Item Weight : 250 g
Dimensions : 21 x 14 x 0.5 cm
Country of Origin : India
Net Quantity : 1 Count
Importer : Pramesh Universal India
Packer : Pramesh Universal India
Generic Name : Trading book