Rating: - Trade What You See
What a bargain this book is! If you're a beginning trader, it will shave years off your learning curve. As an 11 year vetran I found plenty of little gems to increase my edge on the market. This is without a doubt a very relevent book. It takes into account the advances in technology, has great examples, and a winning trading stratagy that works across most, if not all markets. It should, and probably will be, in every trader's library. It is an out of the park home run.

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Rating: - Pattern Recognition Guidance
"Trade What You See" is an excellent guide to help traders filter through market volatility and media hype. Jouflas' and Pesavento's latest offering is a concise overview of how to look at the markets and identify high probability, low risk trade opportunities. From Fibonacci ratios, AB=CD patterns, to trade management and trading plan, any trader can supplement their own trading style with the basic trade guidelines outlined in this book.

As another review of this book has pointed out, the section "Learning to Recognize Trend Days" is very valuable. This section can be helpful to any trader to take advantage of trend day opportunities. The section is invaluable for countertrend traders who have not yet developed a strategy to recognize and trade trend days. At the very least, simply identifying a trend day can keep a countertrend trader from getting caught in low probability trade situations. Jouflas takes you through multiple steps of a trend day enabling a trader to more easily assess what is happening.

Disclosure: I have followed both Leslie Jouflas and Larry Pesavento for several years. Even so, in reading this book, I found myself brushing up on some areas. Especially the "Trend" section.

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Rating: - Profitable Patterns
"Trade What You See" is a thorough and professional revision of Pesavento's 1997 book "Fibonacci Ratios with Pattern Recognition". I have several of the authors' books, and believe this to be their best because they explain not just what to look for but provide different strategies (based upon sound money-management) for trading each pattern.

Although previous works provided more examples, the chart examples in "Trade What You See" include better notes and instructions for reducing subjectivity when trading patterns. Traders who use computer-generated signals, such as what oscillators provide, will be rewarded with insight into what the markets are really doing when those mechanical signals fail. I believe Chapter 10 "Learning to Recognize Trend Days" will be valuable for trading recent market volatility.

Pesavento and Jouflas are successful traders with web sites that offer mentoring. Jouflas' TradingLiveOnline.com also provides daily trades based upon these patterns. (Disclosure: I subscribe to her site.) The best review I can give "Trade What You See" is to simply quote John Hill's endorsement on the back cover: "Highly recommended."