I sold my MetaStock 8.0 and am now selling John Murphy's Chart Pattern Recognition Plug-in. Here's a description of the software. As you can see the Regular price is: USD$399.00 and Sale price is: USD$299.00 but I'll sell it to the highest bidder. It's one of the better MetaStock plug-ins. Here's a link to the description which is given below. http://store.yahoo.com/stockcharts/chreame7pl.html This copy is used but like new and includes the manual all in the original box. <html><img src="http://store1.yimg.com/I/stockcharts_1737_64633" width=65 height=85 border=0 hspace=0 vspace=0><br><br><img src="http://store1.yimg.com/I/stockcharts_1736_979728" width=726 height=34 border=0 hspace=0 vspace=0 alt="Chart Pattern Recognition "Maximize your trading profits with John Murphy's Chart Pattern Recognition plug-in for MetaStock." "><br><br><font size=2 face="arial, helvetica">What are your charts trying to tell you?<br><br>Hidden inside every chart is a story. A story about where the price has been and where it might go in the future. Some stories are obvious. Others are a little more difficult to figure out. These stories are told with patterns. Chart patterns are simply defined as pictures or formations made by 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. Now you can take advantage of the experience and insight of John Murphy, one of the world's foremost financial analysts, to help state the subjective guesswork out of identifying these classic patterns.<br><br>Identifies both trend reversal and continuation patterns When analyzing chart patterns, technical analysts generally categorize them in two groups (1) patterns that predict trend reversal and (2) patterns that predict trend continuation. Most technical analysts consider the process of identifying patterns within charts an art, and would hesitate to venture down the road of mathematically quantifying how to identify specific patterns. But with John Murphy's practical trading experience combined with the technical expertise of the engineers at Equis International, this incredible new tool rivals the best pattern recognition experts in the industry.<br><br>CPR is the right tool to help you profit from tested chart patterns! CPR goes beyond simply identifying the patterns on your chart. Each pattern is computer-verified and supplemented with John Murphy's own expert commentary. Simply click your mouse on the identified pattern to read the specific details of how he feels this pattern rates.<br><br>Was the breakout from the patten significant enough to warrant a trade? What is the likely price projection for this type of pattern? How long will it likely take to reach the projected price? You'll get all of this trading detail and much more.<br><br>CPR automatically scans through your securities looking for specific patterns. It even finds those that are most likely to produce the best trading opportunities. There is no other product on the market that implements the experience and expertise of John Murphy with the computerized technology of MetaStock. The result is simple - you'll make better trading decisions.<br><br><B>IMPORTANT:</B> Please do NOT order this add-on if you do not own MetaStock 7.0 software (or higher) - it will not work without it. Regular price: USD$399.00 Sale price: USD$299.00
This is a very useful plug-in especially with support and resistance, etc. Hope everyone's doing well today with their trading.
Does it work well with 1 and 5 minute time frames? Have some of the readers ever used it? I think that it is one of the most interesting financial software out there. I'd like to receive some feedback.
Everyone's entitiled to their opinion Mike and everyone has one and you've expressed yours. One man's opinion. Everyone else I've talked to finds this program extremely useful and said it helps them find great trading setups.
____________________________________________________ Mike I agree pure rubbish. [/QUOTE] Just calling a spade a spade. --MIKE
Here are some professional reviews to provide some balance. Perhaps the others here didn't take the time to learn how to use it effectively. The other people I talked to found it very useful to find good trading setups. John Murphy's Chart Pattern Recognition "The module is very easy to use, and for those traders interested in better understanding, identifying and trading classic chart patterns, CPR offers the kind of hands-on experience that can shorten your learning curve considerably." Active Trader, March 2002 "I like the pattern choices available in CPR... CPR is a solid product that performs very well." Dennis Peterson,Technical Analysis of Stocks & Commodities, February 2002 "We found CPR useful in a number of ways besides the most obvious of alerting us to chart patterns being formed or confirmed. Using indicators such as the stochastic RSI...., we often found that a forming pattern either reinforced our decision to buy or sell, or caused us to do more homework on stocks that gave conflicting signals. Overall, we found the program to be a valuable asset to our technical charting toolbox as well as providing a fun way to learn about chart patterns. All in all, a job well done by John Murphy and the people at Equis, earning an A+ rating." Matt Blackman, thechartmaster.com