Chart Pattern Recognition for Metastock – John Murphy

Course Overview
Chart patterns are simply defined as pictures or formations made by the price movements of the stocks or commodities you’re examining. Numerous studies have repeatedly shown that these patterns have excellent predictive value. In fact, technical analysts who effectively identify these classic, tried-and-true chart patterns are among the most successful traders in the world.
 
Course Outline
Getting Started
A Note from John Murphy
About John Murphy
About MurphyMorris.Com
What is a Chart Pattern
Do Chart Patterns Really Work
Human Subjectivity vs. Computer Objectivity
Installation
 
Types of Chart Patterns
Introduction
Trend Reversal Patterns
Introduction
Head & Shoulders Tops
Head & Shoulders Bottoms
Triple Tops
Triple Bottoms
Double Tops
Double Bottoms
Continuation Patterns
Introduction
Ascending Triangles
Descending Triangles
Symmetrical Triangles
 
Turning Chart Patterns into Trading Profits
Introduction
Step 1. Screening for Patterns using the CPR Explorations
Screening Securities for Potential Trades
Step 2. Applying Experts to Charts
Viewing Charts for Potential Trades
Step 3. Viewing the CPR Expert Commentary for Specific Entry/Exit Points
An Actual Trading Scenario using CPR
Step 1: Update the Data using The DownLoader
Step 2: Run the CPR Exploration
Step 3: Study the Charts
Step 4: View the Expert Commentary
Step 5: Evaluate the Trading Opportunities
Step 6: Place the Trade
Step 7: Monitor Your Open Trade
Hypothetical Results on the S&P 100 Stocks
1990 Test Results
1994 Test Results
1999 Test Results
1990, 1994, 1999 Combined Test Results
Definition of Trading Terms
 
Modifying the CPR Functions
Introduction
Head & Shoulders Top/Bottom
Functions
Parameters
Triple Tops/Triple Bottoms
Functions
Parameters
Double Tops/Double Bottoms
Functions
Parameters
Symmetric Triangle
Functions
Parameters
Ascending/Descending Triangle
Functions
Parameters
 
Troubleshooting
Contacting Equis for Help
Windows Related Problems
User’s Manual
Online Services
Equis Web Site
Equis User Groups
Contact Equis’ Technical Support
 
What Will You Learn?
Find only the charts with good pattern trading potential
Begin to focus on specific chart patterns
Use this valuable information to place your trades
CPR is the right tool to help you profit from tested chart patterns
 
Who Is This Course For?
Chart Pattern Recognition for Metastock by John Murphy should only be used by investors who are aware of the risk inherent in securities trading.