Encyclopedia of Candlestick Charts
$29.52
Encyclopedia of Candlestick Charts is a comprehensive, data-driven reference for traders who want to understand candlestick patterns beyond visual intuition and traditional folklore. Thomas N. Bulkowski approaches candlestick analysis with the same empirical rigor that defines his work on chart patterns, transforming candlesticks from symbolic signals into statistically evaluated market behaviors.
Rather than treating candlestick patterns as isolated reversal or continuation cues, the book examines how each pattern actually performs across different market conditions. Bulkowski analyzes pattern frequency, breakout direction, success rates, failure characteristics, and post-pattern price behavior. This evidence-based approach helps traders replace assumption with probability and manage expectations realistically.
A defining feature of the book is its encyclopedic structure. Individual candlestick patterns are broken down systematically: identification rules, variations, confirmation logic, and performance tendencies. Special attention is given to failed patterns and marginal setups, reinforcing the idea that candlesticks must be interpreted within broader price structure rather than traded mechanically.
The book also integrates candlesticks into practical trade planning. Topics such as stop placement, target estimation, and pattern confirmation are addressed in a way that aligns candlestick signals with disciplined risk management. This makes the encyclopedia not only a learning resource but also a long-term desk reference for real-time chart evaluation.
Overall, Encyclopedia of Candlestick Charts is designed for serious traders who want to use candlesticks with statistical awareness, structural discipline, and professional skepticism. It is less about memorizing pattern names and more about understanding how price truly behaves after those patterns appear.
✅ What You’ll Learn:
- How candlestick patterns are defined and objectively identified
- Which candlestick formations historically perform better or worse
- How to distinguish high-quality setups from weak or misleading signals
- How to evaluate confirmation, breakout behavior, and follow-through
- How to integrate candlestick patterns with broader technical structure
- How to manage risk around candlestick-based trade ideas
💡 Key Benefits:
- Replaces subjective candlestick interpretation with statistical insight
- Helps traders set realistic expectations for pattern performance
- Improves decision-making by emphasizing confirmation and context
- Serves as a long-term reference for candlestick pattern evaluation
- Reduces emotional trading driven by isolated signals
👤 Who This Book Is For:
- Traders with basic chart-reading experience seeking deeper insight
- Candlestick traders who want evidence-based confirmation of patterns
- Technical analysts using price action and pattern-based setups
- Swing and position traders looking for probabilistic trade guidance
- Not suitable for complete beginners with no exposure to charts
📚 Table of Contents:
- Introduction to Candlestick Charting
- How Candlestick Patterns Are Evaluated
- Single-Candlestick Patterns
- Multiple-Candlestick Patterns
- Pattern Confirmation and Failure
- Statistical Performance of Candlesticks
- Trading Strategies Using Candlestick Charts
- Risk Management and Trade Planning
Encyclopedia of Candlestick Charts By Thomas N. Bulkowski
| Author(s) | |
|---|---|
| Product Type | Ebook |
| Format | |
| Skill Level | Intermediate to Advanced |
| Pages | 958 |
| Publication Year | 2008 |
| Delivery | Instant Download |
16 reviews for Encyclopedia of Candlestick Charts
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Lea Richard (verified owner) –
This is the most comprehensive book on candlestick charts that I’ve seen. In it, Mr. Bulkowski gives some very informative statistics. For me, one of the most valuable pieces of information the book provides shows that some candlesticks don’t always perform as expected as some books describe them. As an example, some books describe some candles as reversal candles, but this book provides statistics that show otherwise.
It is a heavy book, and for me, it is not one to be read from cover-to-cover in a few days. Instead, what I did was to read the first part of each chapter, the trading tactics section, and the sample trade section. That gave me an overview. Now, I keep the book by my desk for a reference manual.
If one wants to use candelstick charts in their trading, I recommend this book plus the books written by Steve Nison which can be purchased on Sacredtraders. There may be other good books on the subject, but I’ve not read them. For me, Nison’s books plus this one is all that I need. For trading, I rely upon candlesticks, price action, and trend lines. I don’t use any indicators such as moving averages, MACD, etc. I find they just clutter the screen.
Loretta McFarland (verified owner) –
5 Star
Dane King (verified owner) –
Really good book. Quality. High standard on the subject. Top ranking author on the topic. Great.
Santino Salas (verified owner) –
This is like eating a Chunkies square…cannot stop….one after the other.
Valerie Newton (verified owner) –
Good book for a day trading
Amani Ayala (verified owner) –
Huge book full of analysis, schemes, data. It’s impossible to read and memorize that all, its correct use is on topic: when you suppose to have met something interesting, verify on text if you’re right … and in case of positive match you’ll find in the book a lot of useful stuff.
Gunnar Welch (verified owner) –
Awesome book.For all kinds of traders.
Hamza Heath (verified owner) –
Terrific book. I have this one and Encyclopedia of Chart Patterns both will help make you a better chart reader.
Amira Reilly (verified owner) –
Truly an amazing book. I like the Visual Index so i can quickly see if I’m looking at a correct candlestick pattern. This book has taught me alot and im still learning from it. Bulkowski is funny too.
Kelvin Washington (verified owner) –
Great book to be used for a reference manual. Steve brought forth an number of interesting concept using statistics in chart form. This is something you can not memorize, so as a reference manual it excels.
He repeats again and again about his verification methods and how he arrived at his candle accuracy numbering/percentage method of a selected candle pattern.
It’s a 700+ page book, well written, but is slanted towards the seasoned trader.
This book does not tie together technical analysis with candles
Victoria Pope (verified owner) –
An outstanding source of information on those who wish to learn about different candlestick patterns as they relate to trading.
Alvaro Hudson (verified owner) –
It is like a consultation source that you can use any time.
Ahmed Brandt (verified owner) –
If you want to understand certain patterns this is explained very well by Bulkowski. You will need some other books to go with this one if you want all the information necessary to be a good trader
Drew Phelps (verified owner) –
This thing is loaded with stats, information, tests, trials…you name it. So not only does it go into every pattern there is, it also lists out how it performed and the conditions for the tests. A must have for all traders libraries.
Tanner Cortes (verified owner) –
Wow. Huge book with every candle pattern possible.
Kamila Quintana (verified owner) –
Awesome