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Trade What You See: How To Profit from Pattern Recognition Larry Pesavento, Leslie Jouflas
Publisher: Wiley

Institutions and hedge funds call this "alpha". Everyone who is in the market is looking to do the same thing, make money. If you are able, ATTACH CHARTS TO ALL ENTRIES! Remember the pattern recognition? You are not in the I-know-the-market-better-than-anyone-else business. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders, who have consistently used pattern recognition to capture profits from the markets. The game of Making Money is a very competitive If you had the data you would see that most likely you are not seeing any kind of pattern at all, but rather your eyes are just attracted to creating recognizable shapes. It makes you feel comfortable and says, "Hey I know what is going on right now. Something may not have stood out in the heat of the moment, but several weeks later you may see similar chart patterns to this one. You are not in the I've-got-the-sweetest-pattern-recognition-algo business. The Lure of Pattern Recognition (Be Very Careful). You are not even in the economics-analysis business.