Getting Started in Chart Patterns (Getting Started In.....)

**An accessible guide to understanding and using technical chart patterns Chart pattern analysis is not only one of the most important investing tools, but also one of the most popular. Filled with in-depth insights and practical advice, **Getting Started in Chart Patterns is designed to help both new and seasoned traders profit by tracking and identifying specific chart patterns. Expert Thomas Bulkowski opens with a basic discussion of chart pattern formation and how bad habits can hurt trading. He then moves on to introduce over 40 key chart formations as well as numerous trading tactics that can be used in conjunction with them. Readers will benefit from the specifics (actual trades with dollar amounts) outlined throughout the book and the frank discussions of how trading behavior can affect the bottom line. Anecdotes from Bulkowski's own trading experiences are also included to shed light on how one of the best in the business goes about trading with chart patterns.Order your copy today.**** Getting Started in CHART PATTERNS 6 Contents 10 Preface 12 Acknowledgments 14 Chapter 1: The Smart Money’s Footprints 16 Chapter 2: Trading Psychology 20 Trading Psychology 21 The Basics 22 Curing Negative Thoughts 24 The Comfort Zone 25 The Sell Signal 26 Plan the Trade and Trade the Plan 27 Profit Barriers 28 Chapter 3: The Truth about Trendlines 30 A Trendline Example 30 Trendlines: External, Internal, and Curved 32 Touch Spacing 34 Trendline Touches 36 Trendline Length 36 Trendline Angles 37 Trendline and Breakout Volume 37 Measure Rule for Trendlines 38 Drawing Trendlines 40 1-2-3 Trend Change Method 40 Sample Trade Using Trendlines 43 Advanced Trendline Tactics 44 Trendline Review 45 Chapter 4: Support and Resistance 48 What Is Support and Resistance? 49 Chart Pattern SAR 50 Fibonacci Retracements 51 Peaks and Valleys 53 Horizontal Consolidation Regions 54 Round Number SAR 56 Trendlines and Channels 57 SAR and Volume 57 Using SAR to Trade 59 SAR Review and Checklist 63 Chapter 5: Special Situations 64 Bull and Bear Markets 64 Bull and Bear Traps 66 Flat Base 67 Gaps 68 Lower Highs and Higher Lows 71 Partial Rises and Declines 72 Quick Rises and Declines 75 Spikes and Tails 77 Stops 80 Throwbacks and Pullbacks 82 Chapter 6: The Top 10 Performing Bottoms 88 1. High, Tight Flag 89 2. Pipe Bottoms 95 3. Inverted and Ascending Scallops 99 4. Three Rising Valleys 103 5. Rounding Bottoms (Tied with 6) 107 6. Descending Triangles (Tied with 5) 112 7. Ascending Broadening Wedges (Tied with 8) 117 8. Eve & Eve Double Bottoms (Tied with 7) 122 9. Triple Bottoms (Tied with 10) 128 10. Head-and-Shoulders Bottoms (Tied with 9) 134 Chapter 7: Common Patterns for the Toolbox 138 Broadening Patterns 139 Broadening Tops and Bottoms 139 Descending Broadening Wedge 144 Right-Angled Broadening Formations, Ascending and Descending 148 Diamond Tops and Bottoms 153 Double Tops 159 Flags and Pennants 166 Head-and-Shoulders Top 172 Measured Moves and the Simple ABC Correction 177 Pipe Tops 184 Ascending and Symmetrical Triangles 188 Triple Tops 194 Chapter 8: Event Patterns 200 The Dead-Cat Bounce 200 The Inverted DCB 204 Bad Earnings Surprise 208 Good Earnings Surprise 212 Earnings Flag 216 Stock Downgrades 220 Stock Upgrades 224 Chapter 9: Busted Patterns 230 Busted Broadening Patterns 231 Diamonds, Doubles, and Head-and-Shoulders 238 More Busted Patterns 245 Other Busted Patterns 252 Chapter 10: More Trades 254 IMC Global 254 Giant Industries 258 Lam Research 261 EMC 264 Rohm and Haas 267 JLG Industries 270 Southwest Airlines 273 Chapter 11: The Art of Trading 276 Before Buying 277 How to Sell? 282 When to Sell? 282 General Trading Tips 285 Trading Psychology 291 Chapter 12: Crunching the Numbers 294 Chart Pattern Performance and Rank Table: Notes 294 Event Pattern Performance and Rank Table 299 Epilogue/Closing Position 300 Glossary 302 Index of Chart and Event Patterns 308 Index 316

an Accessible Guide To Understanding And Using Technical Chart Patterns

getting Started In Chart Patterns

when It Comes To Chart Reading, Thomas Bulkowski Can Be Categorized As A Sui Generis [constituting A Class Alone]. Combining Objective Analysis With A Fictional Element Has Resulted In A Highly Entertaining Read, One That Any Trader Will Benefit From.

—jayanthi Gopalakrishnan, Editor Of Technical Analysis Of Stocks & Commodities Magazine

nobody Explains The Nuts And Bolts Of How—exactly—to Use Chart Patterns To Make Real Money In Trading Like Tom Bulkowski. I Always Do Better In My Own Trading After Reading A Bulkowski Book. This Is The Practical, Down-to-earth Guidance You Have Been Looking For In Books On Technical Analysis. Bulkowski Doesn't Give You Platitudes—he Gives You Live Examples. Even Better, He Admits That Patterns Don't Always Deliver What We Expect And He Quantifies Both Success And Failure Rates For The Top Moneymaking Patterns. Nobody Writes About Chart Work Better Than Bulkowski.

—barbara Rockefeller, Independent Trader And Advisor (www.rts-forex.com) Author Of Technical Analysis For Dummies

in Getting Started In Chart Patterns, Bulkowski Offers Easy-to-apply Advice For Looking At Charts And Making Them Work More Effectively For You In Your Trading. It Is His Passion; It Probably Also Will Become Yours After Reading This Book. A Must For Budding Technicians!

—gail Osten, Executive Editor Of Stocks, Futures & Options (sfo) Magazine

An accessible guide to understanding and using technical chart patterns Chart pattern analysis is not only one of the most important investing tools, but also one of the most popular. Filled with in-depth insights and practical advice, Getting Started in Chart Patterns is designed to help both new and seasoned traders profit by tracking and identifying specific chart patterns. Expert Thomas Bulkowski opens with a basic discussion of chart pattern formation and how bad habits can hurt trading. He then moves on to introduce over 40 key chart formations as well as numerous trading tactics that can be used in conjunction with them. Readers will benefit from the specifics (actual trades with dollar amounts) outlined throughout the book and the frank discussions of how trading behavior can affect the bottom line. Anecdotes from Bulkowski's own trading experiences are also included to shed light on how one of the best in the business goes about trading with chart patterns. Order your copy today. The smart money's footprints Trading psychology The truth about trendlines Support and resistance : the most important chart patterns Special situations The top 10 performing bottoms Common patterns for the toolbox Event patterns: what they are and how to trade them Busted patterns : making money by trading failure More trades : putting it all together The art of trading: checklists Crunching the numbers.