Encyclopedia of Candlestick Charts
$27.93
| Author(s) | |
|---|---|
| Pages |
958 |
| Format |
|
| Published Date |
2008 |
Encyclopedia of Candlestick Charts 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.
Author’s Introduction:
Use this book as a reference work. Don’t try to read it from cover to cover. In the writing and publishing process, I’ll have to do that several times, so I know what I’m talking about. I’ve taken liberties to keep the text lively, just in case.
Most candle chapters follow the same format, so once you become accustomed to the layout, everything will become familiar. A “Glossary and Methodology” chapter at the end of the book explains each table entry in detail and defines terms. Back there you’ll also find a visual index with little pictures of all the candles to make recognition easier. Here’s a brief snapshot of the good stuff I cover for over 100 candle patterns:
- Identification guidelines describe what to look for.
- General statistics include performance over time and where performance is best in the yearly price range.
- Height statistics explore the performance of tall versus short candles, tall or short shadows, and a measure rule to help set price targets.
- Additional statistics look at volume trend, average volume, and breakout volume.
- The reversal rates table covers three methods of confirmation to detect reversals, the likely breakout direction based on the existing price trend, and where reversals or continuations are most likely to appear in the yearly price range.
- Performance indicators describe which of three entry methods give the best trading signals, how a 50-day moving average can help improve performance, and whether the position of the closing price indicates better performance.
- All statistics cover both bull and bear markets using more than 4.7 million candle lines in the research.
The tested performance of a surprising number of candles is opposite popular belief. Many candlesticks perform little better than randomly.
Encyclopedia of Candlestick Charts By Thomas N. Bulkowski pdf
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