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Book Description
Japanese candlestick charting and analysis is one of the most profitable yet underutilized ways to trade the market. Signals created by this unique method of technical analysis-represented in the form of graphic "candlestick" formations-identify the immediate direction and effects of investor sentiment through price movements, allowing traders to profit by spotting trend reversals before other investors. This updated version of Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits makes learning the method fast and easy by introducing specific patterns, as well as the psychology behind them. The book
- Details the most valuable aspect of technical analysis-reversal patterns-as well as reversal signals, including the Doji, the Hammer, the Hanging Man, Engulfing Patterns, and Dark Cloud Cover
- Explains continuation patterns and explores how they can help with the decision-making process during various trading periods
- Reveals how to find trading situations that have the maximum potential for profitability, the highest probability of success, and the least amount of risk
Learn how to quickly search, view, and profit with candlestick formations with Profitable Candlestick Trading.
Editorial Reviews
Review
From the Inside Flap
This step-by-step guide makes learning the Candlestick method a fast and easy process by introducing specific patterns as well as the "psychology" behind each pattern that develops in a chart. Incorporating the common sense and logical disciplines that most investors are aware of, but ignore, Profitable Candlestick Trading opens with a detailed look at the most valuable aspect of technical analysis-reversal patterns-while explaining major reversal signals such as the Doji, the Hammer, the Hanging Man, Engulfing Patterns, and Dark Cloud Cover. Although most Candlestick signals are reversal patterns, this comprehensive guide also addresses continuation patterns and explores how they can help with the decision-making process during certain trading periods. Mastering the Candlestick method will revolutionize your investment-thinking process.
Profitable Candlestick Trading dispels the notion that Candlestick techniques are too labor-intensive. Using software search programs allowing you to visually evaluate hundreds of charts in a matter of minutes, you'll quickly learn how to search and view Candlestick formations. Moving from theory to practice, this guide shows you how to find trading situations that have the maximum potential for profitability; the highest probability of succeeding; and the least amount of downside risk. By exposing you to the profitable combinations of signals, price moves, and stochastic positions apparent in a number of common patterns-such as the Jay Hook pattern-this book will speed up your recognition of the process and increase your profits with each trade whether for a one minute, one day, or one year hold.
With tools in hand, you'll begin to learn about the built-in advantages of the Japanese Candlestick methodology. Bigalow shows you how to coordinate Candlestick analysis with simple but disciplined trading rules to form an extremely profitable investment program that utilizes these advantages to their fullest. Whether you're dealing in stocks, commodities, or futures, Profitable Candlestick Trading gives you the advice, knowledge, and techniques necessary to enter the markets with confidence and exit with profits.
In providing an in-depth understanding of how Candlestick charting works-across a variety of investment vehicles-this comprehensive guide allows you to control your own investment future and produce profitable results that go far beyond other investment programs. Your investment abilities will be dramatically improved forever.
Product Details
File Size: 7808 KB
- Print Length: 384 pages
- Publisher: Wiley; 2 edition (February 23, 2011)
- Sold by: Amazon Digital Services, Inc.
- Language: English
- ASIN: B004S82RZQ
- Text-to-Speech: Enabled
- X-Ray:Not Enabled
- Lending: Not Enabled
- Amazon Best Sellers Rank: #164,448 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
The system is simple...use stochastics to confirm candle signals to ensure that you always buy oversold stocks and sell short oversold stocks. If you are a disciplined trader and wait for confirmation of the signals you can be profitable more than 75% of the time and your losses from your losing trades will be minimal if you keep tight stops - A must in these market conditions.
There is a huge amount of overlap in Nison's and this book but I would still recommend all three as there is always some different points in each.
This book not only illustrates and explains every Candlestick signal investors need to know, but the underlying psychology that creates the signals in the first place is also revealed to the reader. But learning and knowing the signals, and understanding how the signals are created, are not of much use unless the investor also has a quick and easy way to FIND the signals on a regular basis. Using a very popular, inexpensive charting service, Mr. Bigalow shows how to set up the software filters so that thousands of stocks can be analyzed, and only the Candlestick charts with the highest profitability potential will be displayed. This search process can be done in a matter of minutes. To my knowledge, this has never been explained in any other book.
Mr. Bigalow goes on to explain how to use Candlesticks along with your other favorite technical analysis tools to enhance your trading, why Stochastics are the best single tool to use with Candlesticks, how to identify the "false" signals, how to maximize profits and minimize losses, and "The Ultimate Investment Program", known to only a handful of sophisticated investors until now.
By reading and putting into practice the techniques explained in this book and the website, investors truly can "Revolutionize Their Investor Psychology".
HIGHLY RECOMMENDED for both novice and sophisticated investors
XEM CHI TIẾT TẠI AMAZON.COM
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