Stock, Forex, Commodities, Options, Futures, Cryptocurrencies
Free Resources
logo-main
0 items $0.00
Menu
logo-main
0 items $0.00
Browse Categories
  • Trading Courses
  • Forex and Stocks Trading
  • All in One Series
  • Astro Trading
  • Cycle Trading and Market Timing
  • Options Trading
  • Commodity and Futures
  • Geometric and Pattern Trading
  • Investment and Economy
  • Astrology and Numerology
  • Cryptocurrency Books
  • Home
  • Books and Courses
  • Articles
  • Contact Us
  • About US

Free Resources

Login / Register
0 Wishlist
Home Forex and Stocks Trading 21 Candlesticks Every Trader Should Know
Marc Rivalland on Swing Trading
Marc Rivalland on Swing Trading $21.37
Back to products
The Psychology of Stock Market Timing By Peter Wyckoff
The Psychology of Stock Market Timing $12.64
21 Candlesticks Every Trader Should Know by Melvin Pasternak
Click to enlarge

21 Candlesticks Every Trader Should Know

$14.20

Author(s)

Melvin Pasternak

Format

PDF

Pages

83

Published Date

2006

Add to wishlist
759 People watching this product now!
Category: Forex and Stocks Trading Tag: Candlestick Trading
Share:
  • Description
Description
Rate this product

In 21 Candlesticks Every Trader Should Know, Melvin Pasternak has selected 21 candles that he believes every trader should know by name. These are the candles that in his experience occur most frequently and have the greatest relevance for making trading decisions. Just as knowing the name of a person helps you immediately recognize them on a crowded street, so being able to name the candlestick allows you to pick it out of a chart pattern. Being able to name it allows you to appreciate its technical implications and increases the accuracy of your predictions.

Author’s Introduction:

Candlesticks are one of the most powerful technical analysis tools in the trader’s toolkit. While candlestick charts dates back to Japan in the 1700’s, this form of charting did not become popular in the western world until the early 1990’s. Since that time, they have become the default mode of charting for serious technical analysts replacing the open-high-low-close bar chart. There has been a great deal of cogent information published on candlestick charting both in book form and on the worldwide web. Many of the works, however, are encyclopedic in nature. There are perhaps 100 individual candlesticks and candle patterns that are presented, a daunting amount of information for a trader to learn.

In my trading, I try to integrate candlestick analysis, moving averages, Bollinger bands, price patterns (such as triangles) and indicators such as stochastics or CCI to reach decisions. I find the more information which is integrated, the more likely the decision is to be correct. In this book, I have chosen to combine moving averages, Bollinger bands and two indicators, stochastics, and CCI on various charts. As we discuss individual candlesticks or candle patterns, I integrate these tools into the discussion. Hopefully, you will not only learn how to recognize candles from this book, but also appreciate how you can combine them with the traditional tools of technical analysis.

In this book my focus is on Minor trend reversals, the kind of reversal of most interest to a trader. The Minor trend typically lasts 5 to 15 days although on occasion, I have seen it stretch out to about 30 trading days. These same candle principles work equally as well, however, on 5 minute or weekly charts. It is simply a matter of adapting this information to the time frame you are trading in.

Contents:

  • Candles Anticipate, Indicators Follow, Trendlines Confirm
  • How To Read A Candlestick Chart Bar vs. Candlestick Charts
  • Optimism and Pessimism as Shown by Candles
  • Advantages of Candle vs. Bar Charts
  • Candles Anticipate Short Term Reversals
  • Why Candlesticks Work
  • “The Rule of Two”
  • Candles in Action: Dow Jones Analysis
  • Candles 1-4: The Four Dojis Show Stocks That Have Stalled
  • Candles 5-6: Hammer and Hangman
  • Candlesticks Signal Key Reversals
  • Candles 7-8: Bullish and Bearish Engulfing
  • Candles Spot Key Trend Changes Before They Take Place
  • Candle 9: Dark Cloud Cover Warns of Impending Market Tops
  • Candle 10: The Piercing Candle Is a Potent Reversal Signal
  • Candles 11-12: The Three Candle Evening and Morning Star Patterns Signal Major Reversals
  • Candle 13: The Shooting Star Can Wound
  • Candle 14: The Inverted Hammer Indicates The Shorts May Be Ready To Cover
  • Candle 15: The Harami is “Pregnant” With Possibilities
  • Candle 16: The “Full” Marubozu Is a Candle Without Shadows
  • Candles 17-18 High Wave and Spinning Top Express Doubt and Confusion
  • Candle 19: The Ominous Call of Three Black Crows
  • The Four Types of Gaps: Common, Continuation, Breakaway and Exhaustion
  • Candlestick Theory on Gaps
  • Synthesis of Western Wisdom and Eastern Insight
21 Candlesticks Every Trader Should Know By Melvin Pasternak pdf

Related products

The Major Works of R. N. Elliott By Robert R. Prechter
Quick view
Add to wishlist

The Major Works of R. N. Elliott

$21.00
Add to cart
Michael S Jenkins - The Secret Science of the Stock Market
Quick view
Add to wishlist

The Secret Science of the Stock Market

$36.74
Add to cart
The Secrets of Selecting Stocks for Immediate and Substantial Gains
Quick view
Add to wishlist

The Secrets of Selecting Stocks for Immediate and Substantial Gains

$13.50
Add to cart
How I Trade and Invest in Stocks & Bonds By Richard Wyckoff
Quick view
Add to wishlist

How I Trade and Invest in Stocks and Bonds

$11.00
Add to cart
Ari Kiev - Mastering Trading Stress_ Strategies for Maximizing Performance
Quick view
Add to wishlist

Mastering Trading Stress: Strategies for Maximizing Performance

$19.24
Add to cart
Jason Alan Jankovsky - Time Compression Trading
Quick view
Add to wishlist

Time Compression Trading: Exploiting Multiple Time Frames in Zero Sum Markets

$38.08
Add to cart
Trading Triads Unlocking the Secrets of Market Structure and Trading in Any Market
Quick view
Add to wishlist

Trading Triads: Unlocking the Secrets of Market Structure and Trading in Any Market

$15.00
Add to cart
Long-Term Secrets to Short-Term Trading
Quick view
Add to wishlist

Long-Term Secrets to Short-Term Trading

$14.00
Add to cart

ONLINE PAYMENT

Payment methods

24/7 SUPPORT

Unlimited help desk

100% SAFE

SSL Certificate

INSTANT DOWNLOAD

Digital Ebooks and Courses

logo-main

Trading Books, Trading Courses, Trading Articles for All Traders

  • Charitsy Building, Zabeel Road, Al Karama st, Dubai
  • Telegram : @sacredtraders
  • Email: [email protected]
Recent Posts
  • Volatility As A Stock Bellwether By Dan Zanger and Matt Blackman
    September 23, 2023 No Comments
  • Getting Clear With Short-Term Swings By Ron Black
    September 16, 2023 No Comments
  • Market Reactivity By Al Gietzen
    September 9, 2023 No Comments

NEW PRODUCTS

  • The Psychology of Trading_ How to Create and Maintain Your Winning Edge By Jason Alan Jankovsky The Psychology of Trading: How to Create & Maintain Your Winning Edge $9.79
  • All About Technical Analysis_ The Easy Way to Get Started By Constance Brown All About Technical Analysis: The Easy Way to Get Started $12.63
  • USEFUL LINKS
    • Trading Books and Courses
    • W.D. Gann
    • Privacy Policy
    • Terms & Conditions
    • DMCA
2017-2023 Sacred Traders Powerd By Sacred Traders Team
  • Menu
  • Categories
  • Trading Courses
  • Forex and Stocks Trading
  • All in One Series
  • Astro Trading
  • Cycle Trading and Market Timing
  • Options Trading
  • Commodity and Futures
  • Geometric and Pattern Trading
  • Investment and Economy
  • Astrology and Numerology
  • Cryptocurrency Books
  • Home
  • Books and Courses
  • Articles
  • Contact Us
  • About US
Shopping cart
Close
Sign in
Close

Lost your password?

No account yet?

Create an Account
Shop
0 Wishlist
0 items Cart
My account