Cycles, Volatility, And Chart Formations by Daniel L. Chesler, CTA, CMT
ARTICLE SYNOPSIS ...Cycles, Volatility, And Chart Formations by Daniel L. Chesler, CTA, CMT
Understanding the building blocks of classical chart patterns
can improve your analysis and trading results. Here's how.
A nyone who has studied or traded with classical
chart patterns for several years knows the
unmistakable feeling when a good pattern develops.
The better patterns tend to stand out
from the marginal ones, regardless of their
shape or classification. This led me to realize that it was the similarities between chart patterns that were
important, rather than the differences as defined by pattern
names suc...
AUTHOR: Daniel L. Chesler, CTA, CMTDATE: JUL 2003SUBJECT: Charting
Identifying Significant Chart Formations by Daniel L. Chesler
ARTICLE SYNOPSIS ...Before computers became commonplace, technical
traders spent most of their time studying their charts,
looking for consolidation and reversal patterns. Today,
many traders have moved away from using
classic chart patterns to methods based on quantifiable
indicators. Here, the two disciplines are combined,
using chart analysis and basic indicators to
identify trading opportunities.
Despite the growth in mechanical
systems trading over the past
decade, classical chart pattern
analysis continues to enjoy a
wide following. For example,
Robert Edwards and John Magee's Technical Analysis
of Stock T...
AUTHOR: Daniel L. Chesler, CTA, CMTDATE: SEP 1997SUBJECT: Classic Techniques