7 Chart Patterns That Consistently Make Money : [PDF Download]

PDF Title:7 Chart Patterns That Consistently Make Money
Author:Ed Downs
Publisher:Traders’ Library
Total Page:88 Pages
PDF Size:1.34 MB
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“The computer is great at performing mathematical and numerical comparisons. The entire field of technical analysis since 1980 has been enhanced and powered by the fact that machines can run indicators and systems quickly, freeing the technician for higher-level tasks.

And there are a lot of computerized trading systems available. The various technical analysis and charting programs available—MetaStock, TradeStation, and OmniTrader can help you find opportunities faster. That is their value.

But, once you get a candidate, you can very quickly look at it and determine whether it is a prime candidate by measuring how much “force” there is behind the stock to make it move, as indicated by its “chart pattern.”

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