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Figure 13.12
Results of the Smart Sell
Copyright 2000, TradeCast® Ltd. |
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Using Proven Chart Patterns |
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If you only traded these patterns, you would have scores of trades to consider each day. Obviously, not all of these setups become trades because many of them will never "hit" the entry point, but you still would have the opportunity to make lots of tradeswith excellent profit potentialeach day. And, as you can now imagine, there are many more of these proven setups. You could literally learn about a new one every month for the rest of your life! |
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Here's what we want you to take away from this chapter: |
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There is a trading process that can put the mathematical odds in your favor, using proven chart patterns and careful management of risk and reward. |
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There really are proven chart patterns that you can learn to recognize and to trade against profitably. |
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These chart patterns are easy to understand because they are exploiting basic market psychology. |
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