Trade What You See: How To Profit from Pattern Recognition by Larry Pesavento and Leslie Jouflas is an insightful work that guides traders through the complex world of forex trading by using pattern recognition. This practical manual illuminates how observing and understanding specific chart patterns can lead to considerable trading success.
The book starts with a robust introduction to technical analysis and pattern recognition, gently ushering beginners into the topic while providing advanced traders with a helpful refresher. The authors delve into a wide range of patterns, including Gartleys, Butterflies, AB=CDs, and more, and demonstrate how these patterns can be utilized to predict market movements and craft effective trading strategies.
Pesavento, a 30-year veteran trader, and Jouflas, a trading educator, are committed to delivering tangible, practical advice. They move beyond abstract theory, using real-world examples to show how pattern recognition can be applied to make profitable trades. Readers are not only taught to identify patterns but also learn the intricacies of entry and exit points, risk management, and the importance of maintaining a disciplined trading approach.
The book stands out for its clarity and ease of understanding, as complex ideas are broken down into digestible information. The authors have a flair for teaching, taking complicated concepts and distilling them into comprehensible and actionable insights. They make extensive use of clear, well-annotated charts to illustrate points, aiding the learning process.
“Trade What You See” is more than just a pattern recognition guide—it’s a comprehensive manual for navigating the forex markets. From addressing psychological aspects of trading to detailing advanced pattern techniques, Pesavento and Jouflas create an essential tool for any trader seeking to improve their skills and profits. Their book is an invaluable resource for anyone who wishes to master the art and science of forex trading through pattern recognition.
