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· 294 ratings · 9 reviews

Offset your review of Encyclopedia of Nautical chart Patterns

a very central but useless volume! Information technology'southward huge and very detailed, describing every pattern out at that place.

I long awaited to read it, to get my hands on information technology, and when i skimmed thru the book - i realized its' mostly useless!
Why?
Cuz: it's old and the % of every design completing as expected has changed. The market place is fluid and flowing thing.

I requite it 2 stars only cuz the writer spent lots of fourth dimension classifying each pattern, it's truly titanic amount of work. Just its only good as an example of human being'southward pe

a very cardinal but useless book! It's huge and very detailed, describing every pattern out there.

I long awaited to read it, to get my hands on information technology, and when i skimmed thru the book - i realized its' mostly useless!
Why?
Cuz: it's erstwhile and the % of every blueprint completing as expected has inverse. The market is fluid and flowing matter.

I give it 2 stars only cuz the author spent lots of time classifying each pattern, it's truly titanic amount of work. But its only expert as an example of human's perseverance..

Better spent time and straight my energy at studying markets , instead of some old patterns.

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October 24, 2019 Jairo Fraga rated it actually liked it

Wonderful read for those who loves statistics. Full of hard work from the author, that catalogued over 500 patterns for each different pattern presented on this book. Even if it's directed to stocks, it's nonetheless very useful for futures, commodities and forex.

One small concern is the methodology for the ultimate high/low, which doesn't translate into real trades, every bit they are "perfect trades", instead of having a more real world utilize case, similar a maximum ascent before a stop is reached.

Other than that

Wonderful read for those who loves statistics. Full of hard work from the author, that catalogued over 500 patterns for each different pattern presented on this volume. Even if information technology'southward directed to stocks, it'due south all the same very useful for futures, commodities and forex.

One small business is the methodology for the ultimate high/low, which doesn't interpret into real trades, as they are "perfect trades", instead of having a more than real world utilize case, similar a maximum rising earlier a stop is reached.

Other than that, crawly work.

...more

Dec 28, 2017 Sohail rated information technology really liked it

loved the stats on each of the nautical chart patterns and the different ratios of performance and success

Utilize every bit visual guide. don't waste your time reading information technology. Reading material in information technology doesn't worth time Use as visual guide. don't waste your time reading it. Reading fabric in information technology doesn't worth fourth dimension ...more

Jun 13, 2015 David rated it liked information technology

Each trader has an opinion as to if chart blueprint exists I saw several that I would never trade on for the simple reason that it more imagination than a pattern. I saw several that I would say were clearly labeled incorrectly, and I am a CMT, so not a novice. As the volume was written from the viewpoint of a certain time in the market, information technology is quite obvious that in another market these patterns would not concur upward nearly besides, or might be much better.....Good piece of work, just gads, don't bet a lot of mone Each trader has an stance as to if chart pattern exists I saw several that I would never trade on for the simple reason that information technology more imagination than a blueprint. I saw several that I would say were clearly labeled incorrectly, and I am a CMT, so non a novice. As the book was written from the viewpoint of a certain time in the marketplace, it is quite obvious that in another market place these patterns would not hold up most equally well, or might be much better.....Good work, but gads, don't bet a lot of money on this assay. Exercise you ain homework. Notice your ain trading methods. This book, as most investment books, a nugget or 2 exists within the pages....if one is lucky, they see it. I've read effectually 200 plus investment books, and hold that about 1-iii% of what is written is worth putting into the memory bank. ...more

Nov xx, 2015 Tadas Talaikis rated it did not similar it

I would merely provide one informed quote:

"It is clear (...) that for the stock marketplace, the odds of a gain in any timeframe (...) are in favor of charlatan analysts.

We are non talking only virtually charlatans who pose equally technical analysts in front end of a crowd of uninformed individuals that never take the time to exercise uncomplicated statistical analysis of this sort.

We are also talking about highly paid professional person analysts that every quarter, or year, merits that the market will go upward when they know the odds a

I would merely provide 1 informed quote:

"It is clear (...) that for the stock market, the odds of a proceeds in any timeframe (...) are in favor of charlatan analysts.

Nosotros are non talking simply about charlatans who pose as technical analysts in front of a oversupply of uninformed individuals that never take the time to do elementary statistical analysis of this sort.

Nosotros are also talking about highly paid professional analysts that every quarter, or year, claim that the market will get upward when they know the odds are overwhelmingly in their favor." Michael Harris

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