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7 Chart Patterns That Consistently Make Money

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Title: 7 Chart Patterns That Consistently Make Money
by Ed Downs
ISBN: 1883272610
Publisher: Marketplace Books
Pub. Date: 01 July, 2000
Format: Paperback
Volumes: 1
List Price(USD): $19.95
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Average Customer Rating: 2.8

Customer Reviews

Rating: 5
Summary: Simple but Sublime
Comment: 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.

GAD

GAD

Rating: 1
Summary: DANGER: AVOID
Comment: ... I wasn't happy with the software design or signals, but when the data download software stopped working only months after I bought the product making it useless, they told me they didn't know how to fix it? and I would have to "upgrade" for more money, eventually they kept all the product cost without resolving the problems and ignored all my correspondence. I am a Tradestation Easy Language expert, I have been trading and investing now for over ten years including consulting with online sites, and I know for myself how important it is from the very start to cut losses, but just as importantly to cut costs, because reality check, I never found any "system" in my own exhaustive testing that works consistently well. So if I could do it all over, as Trader Vic Sperandeo points out, capital preservation is bottomline crucial for success, I would buy absolutely nothing except a few good inexpensive books with all of the core technicals and fundamentals thoroughly covered. A somewhat useful free book is Charlie Wright's "Trading as a Business" from Omega Research, customer support has always been acceptable to me, and my brother likes his Supercharts software, a relatively inexpensive way to test ideas and find out there is no "system." This "Seven Chart Patterns.." book was mailed to us free of charge by the way and I think it is worth reading for free, probably by contacting Nirvana Systems, but I will personally never do business with them again. "Piranha" Systems demonstrated to me through their business character and my bad experience just how much they support, value, and respect me the customer.

Rating: 5
Summary: Quality not quantity
Comment: 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.

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