Larry Pesavento is president of Trading Tutor and a 45-year veteran trader. He managed Drexel Burnham Lambert's commodity department from 1976 to 1981. Following this, Mr. Pesavento became a floor trader at the Chicago Mercantile Exchange, trading S&P futures, T-Bills, gold, and foreign currencies until 1984, then he traded for Commodity Corporation of Princeton, New Jersey, until 1986. He has trained more than 1000 students, in the US and abroad, over the past 25 years and maintains a vast library of books on trading. As the author of 10 textbooks on trading, he describes the evolution of his discovery of the steps necessary to become a successful trader. Each year, Mr. Pesavento speaks to hundreds of traders and is a guest lecturer for many different investment programs, including radio, Internet, and universities, both in the US and the Far East. He uses a pattern recognition system of swing trading that employs swing ratio analysis along with cyclical analysis; focusing on risk control is the key to this system.
Trader and author Larry Pesavento discusses the four critical Fibonacci ratios he uses in his trading and why buying into weakness or selling into strength is important.
Reliable and repeatable patterns present excellent profit opportunities, says Larry Pesavento, but focusing on risk, not potential reward, is the "secret" to pattern recognition trading.
A strong first quarter could give way to strong downward bias for the rest of 2012, warns Larry Pesavento, who shares what he sees as the go-to trade for the remainder of this year.
After the sharp stock market decline in the summer of 2007, I had the privilege of listening to many analysts discuss the drop and what, if any, long-term significance it might have. Only one, Larry Pesavento, was firm in his view that the severity of the decline, from a cyclical view, made the worst bear market since the Great Depression a real possibility.
Trade What You See: How To Profit from Pattern Recognition
Trading the financial markets is extremely difficult, but with the right approach, traders can achieve success. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders, who have consistently used pattern recognition to capture profits from the markets.
A Trader's Guide to Financial Astrology: Forecasting Market Cycles Using Planetary and Lunar Movements
A Trader's Guide to Financial Astrology is the definitive guide to trading market cycles based on astrological data. Written by a highly-respected technical analyst, this book makes the connection between the movements of planets and the volatility of the market.