Trade Chart Patterns Like The Pros by Suri Duddella

To begin my review of Trade Chart Patterns Like The Pros I need to let you know what this book is not. This book is not another academic study from a professor on the theory of technical analysis of trading commodities and futures. This book is, however, a detailed explanation of how to trade 65 different chart patterns with specific entry and exit points from the viewpoint of a seasoned trader.

To appreciate the quality of Trade Chart Patterns Like The Pros, it is important to learn about the author. Suri Duddella comes from an engineering background and he has been trading the markets for more than 12 years. Through his years of research and trading, he basically complied this book as a journal for his trading techniques.

Suri is a successful trader, which carries a great deal of weight whenever I evaluate trading materials. He also trades these same patterns, but he focuses his trading on a handful of these patterns and techniques. He emphasizes that traders who read this book should also find a handful of patterns that fit their trading style and become proficient in trading them.

Some of the chart patterns that Suri Duddella describes in Trade Chart Patterns Like The Pros may already be well known to many experienced traders, but there are also some that are probably new. Each chart pattern has several paged devoted to its description examples and trading techniques.

The main benefit of the book lies in Suri’s personal analysis of how he trades each pattern. Techniques for trading chart patterns tend to evolve over the years as they develop their own nuances to fool as many traders as possible. Suri gives his personal opinion on where trades should be entered, exited and the area where stops should be placed.

Suri also gives some candid remarks on how reliable the patterns have been in his experience and even some of the best timeframes and markets to trade some of the chart patterns.

Many new traders often do not appreciate the value in a compilation such as Trade Chart Patterns Like The Pros. In reality, this book is basically a trading roadmap that a successful trader is sharing with the trading community. I feel very fortunate whenever I can get inside the head of another successful trader, as there is always something valuable to learn.

Trade Chart Patterns Like The Pros by Suri Duddella is certainly a trading book I would recommend to new and experienced traders. This book gets straight to the point without any hype or nonsense - just real world examples and advice from a successful trader.