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Encyclopedia of Candlestick Charts | 
 enlarge | Manufacturer: Wiley
Category: EBooks
List Price: $150.00
Buy New: $85.05
You Save: $64.95 (43%)
Avg. Customer Rating:  6 reviews
Sales Rank: 7977
Format: Kindle Book
Media: Kindle Edition
Number Of Items: 1
Pages: 960
Dewey Decimal Number: 332.632042
ASIN: B001BMG3FM
Publication Date: March 7, 2008
Availability: Usually ships in 24 hours
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Product Description
Following in the footsteps of author Thomas Bulkowski’s bestselling Encyclopedia of Chart Patterns—and structured in the same way—this easy-to-read and -use resource takes an in-depth look at 103 candlestick formations, from identification guidelines and statistical analysis of their behavior to detailed trading tactics. Encyclopedia of Candlestick Charts also includes chapters that contain important discoveries and statistical summaries, as well as a glossary of relevant terms and a visual index to make candlestick identification easy.
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| Customer Reviews: Read 1 more reviews...
 great book September 22, 2008
the beast book regarding candlestick charts
Author covered every aspect of candlestick charts (focus on statistics - it can be very helpfull in trading candlestick charts)
position which you should have
Professional Trader May 19, 2008
An excellent reference tool. Written in a clear easy reading style that Tom has become know for. Well researched with numerous real time candlestick performance examples.
 A Good Book, BUT... May 11, 2008
8 out of 9 found this review helpful
A good book for anyone having a desire to learn about candlestick patterns, but I feel the author misses the point. Too many wordy statistics and not enough visuals. Candlestick patterns visually show investor sentiment. This sentiment is especially important when prices approach critical points of support and resistance. Showing more charts on how these patterns react at these critical junctures under various conditions would have been more helpful.
Candlestick patterns IMPLY a change of trend, they DO NOT guarantee it. They are just another indicator reflecting the bullish or bearish implications they represent. A trader must take into account where within the OVERALL TECHNICAL PICTURE the pattern appears and the health of the market. By blending candlestick patterns with Western technical analysis you are getting the best of both worlds.
Strong trends do not turn on a dime. They may require several candlestick signals before changing trend direction. By combining the current investor sentiment and potential behavior candlesticks imply you will, in most cases, be given an early VISUAL warning that all may or may not be right with the current trend.
Candlesticks should not be viewed in isolation. For example, a shooting star, a bearish pattern, appearing at the top of a long uptrend, and at a prior resistance area, strongly implies that a change of trend may be at hand. That same bearish pattern forming as a stock gaps out of a basing or consolidation area on high volume now implys a potentially bullish situation.
I believe those wanting to take full advantage of candlestick patterns would be better served by reading the books of Steve Nison or Stephen W. Bigelow. Both authors offer PRACTICAL TRADING ADVICE illustrated with many charts showing the strengths and pitfalls of these patterns.
The new Bible May 9, 2008
1 out of 1 found this review helpful
This is a must have if you are a serious trader it is very informative and I use it all the time, I also recommend his charting book also. get it.
An excellent guide April 14, 2008
4 out of 4 found this review helpful
A statistically thorough analysis of candlestick charts. Who would have thought that a good number of formations described in Japanese literature as reversal patterns actually have the opposite effect, while many others have outcomes which are close to random? There are also a few formations with success rates of over 80%. Thomas does an excellent job here of sorting the chaff from the wheat. Excellent research with some surprising findings.
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