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.