June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Triangles and Rectangles
Weren’t triangles and rectangles in the last chapter on continuation patterns? If you caught that, thank you for paying attention. Triangles and rectangles are usually considered warnings of a continuation of the trend, but nothing is guaranteed. Most of the time the market does break out in the direction of the previous trend, but not always. This section is here to drive home the point that you cannot buy or sell in anticipation of a breakout. You must wait for it to happen.
Figure 10.7 shows the U.S. bond in a very clear triangle pattern. There was a small warning that the triangle would break lower, rather than continue higher, from the descending shape of the triangle itself. The lower border was flat, rather than ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.