Description
Magic Commodity Chart Trading System (1985) by Richard C. Allen
Alanpuri Trading, Los Angeles, 2022, Softcover, Reprint, Illustrated with charts and tables, An exact facsimile of the 1985 version published by Richard C. Allen
Copyright © 1985-2022 by Richard C. Allen. All rights reserved.
Summary: A rustic and basic 1980s Commodity Trading System based on some common price patterns organized by Allen and quantified with detailed “accuracy ratings” for each of his patterns. Allen provides computerized trade examples at the end of the book to illustrate the systems performance. Entry and Exits points are NOT as clear as some other systems, but for those who prefer wider stops this may be an interesting system to look at. 48 pp.
Contents: SECTION 1: Professional Trading, Preview, There Are No Amateurs in the Commodities Markets, The Floor Trader, 1. Buyer Power, 2. Selling Pressure, 3. Price Support, 4. Price Resistance, Stop Loss Points and Profit Objectives, The Money Trap, The Emotional Control, The Emotional Method Trader, Inconsistent Approach, Nature of the Commodity Market, The Ideal Commodity Trader, Support and Resistance, SECTION 2: Magic Chart Index System, Preview, The Chart Index System, S1 Head and Shoulders Sell, B1 Head and Shoulders Buy, S2 Double Top Pattern, B2 Double Bottom, S3 New High Failure, B3 New Low Failure, S4 Down Triangle, B4 Up Triangle, S5 Buying Climax, B5 Selling Climax, S6 Top Island Reversal, B6 Bottom Island Reversal, S7 Downside Breakout, B7 Upside Breakout, S8 Saucer Top, B8 Saucer Bottom, Universal Patterns; F2 Bearish Flag Formations, F1 Bullish Flag Formation, Coil, Null, SECTION 3: Magic Price Charts 1984, Price Line Charts 1984, Computer Chart A Example NYSE Index, Computer Chart B Example NYSE Index, Computer Chart C Example NYSE Index, Computer Chart D Example NYSE Index, Computer Chart E Example CATTLE, Computer Chart F Example CATTLE, Computer Chart G Example CATTLE, Computer Chart H Example CATTLE, Computer Chart J Example SOYBEANS, Computer Chart K Example SOYBEANS, Computer Chart L Example SOYBEANS, Computer Chart M Example SOYBEANS, SECTION 4: Magic Chart Numbering System, Chart Numbering System, Chart Numbering Charts with Patterns and Numbering Examples — end. 48 pp.
ISBN-10: 1945574488
ISBN-13: 9781945574481
Magic Commodity Chart Trading System (1985) by Richard C. Allen, 48 pp.
