JOHN MURPHY – CHART PATTERN RECOGNITION FOR METASTOCK

The Technical Analysis of Stocks and Commodities won a Readers Choice Award.

John Murphy has many years of experience and he can tell you the most profitable chart patterns in seconds.

Every chart has a hidden story about where the price has been and where it might go in the future. There are some stories that are obvious. It’s difficult to figure out others.

Patterns are used to tell these stories. A chart pattern is a picture or formation made by the price movements of the stocks or commodities you are examining. Numerous studies have shown that these patterns are good predictors. The most successful traders in the world are those who identify classic, tried-and-true chart patterns.

You can take advantage of the experience and insight of John Murphy, one of the world’s foremost financial analysts, to help take the subjectivity out of identifying these classic patterns.

Identifies both reversal and continuation patterns.

Technical analysts divide chart patterns into two groups, one that predicts trend reversal and the other that predicts trend continuation.

The process of identifying patterns within the charts is considered an art by most technical analysts. With John Murphy’s practical trading experience combined with the technical expertise of the engineers at MetaStock, this incredible new tool rivals the best pattern recognition experts in the industry.

Reversal patterns change over time.

The head and shoulders.

The head and shoulders are not straight.

Triple Tops.

There are triple bottoms.

There are double tops.

There are double bottoms.

Continuation patterns.

Symmetrical Triangles.

Ascending Triangles.

There are descending Triangles.

The first step is to find the charts with good pattern trading potential.

The old method of finding patterns was hard to do. To identify what might or might not be a pattern, you had to look at each chart one at a time.

You can look at hundreds of charts with a click of your mouse. The advanced software will search through all of your charts to find the ones with definite patterns and the ones in the early stages of a pattern.

The second step is to focus on specific chart patterns.

With a detailed list of the best candidates, you can begin analyzing individual charts. Each pattern will be labeled as it occurs within your charts.

This valuable information can be used to place your trades.

MetaStock can give you valuable trading details for the particular pattern on your chart. You will know where to place your stops and how to place your buy and sell positions. The reports will give you price projections where the security price will move within a specified period of time. Daily trading alerts can be generated with patterns that aren’t fully formed. If you know when to place your trade, it will be easier for other traders to see it.

You can use the tool to profit from chart patterns.

You can identify the patterns on your chart. John Murphy has his own commentary on each pattern. Clicking on the identified pattern will reveal the details on how he feels. Was the break from the pattern enough to warrant a trade? What is the likely price for this pattern? How long will it take to reach the projected price? You will get a lot of this trading detail.

The securities are automatically scanned for specific patterns. It finds those that will produce the best trading opportunities. There is only one product on the market that implements the experience and expertise of John Murphy with the computerized technology of MetaStock. You will make better trading decisions.

Money-back guarantee for 30 days.

We believe that the chart pattern recognition add-on will raise your confidence in the markets and increase your profits. Try it for 30 days. If you don’t agree that it’s the best tool to identify trend reversals and continuations, you can return it to MetaStock for a full refund.

About John Murphy.

John Murphy is an investor and trader. He has been a professional analyst for thirty years, CNBC-TV technical analyst for seven years, and the author of three best-selling books: Technical Analysis of the Financial Markets, Intermarket Technical Analysis, and TheVisual Investor.

Murphy is the president of MURPHYMORRIS.COM, a company that produces educational software products and online services for investors. He is frequently quoted in the financial media. He received the first award for contribution to global technical analysis at the Fifth World Congress of the International Federation of Technical Analysts in 1992.

With John Murphy’s chart pattern recognition, you can examine hundreds of charts.

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