The updated edition to one of the most popular books on technical analysis
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.Candlestick analysis is a highly effective but underused investment decision-making technique. Many people in the investment community are aware of candlestick analysis, few really understand how or why it works. The common perception about candlestick trading has always been that it requires a long time to learn and become proficient at it—and that is the major reason the majority of investors have stayed away from it. That misconception is what spurred Stephen Bigalow to write the first edition of Profitable Candlestick Trading in 2001. Now, in this newly revised and updated edition, he draws from ten additional years of trading research to show how to use candlesticks to considerably enhance your investment abilities across all investment vehicles and over all trading time frames.
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. The graphical formation of a signal makes reversals immediately visible, providing a visual graphic of investor psychology during a specific time period. Profitable Candlestick Trading details the most valuable aspect of this technical analysis methodology—reversal patterns—as well as reversal signals, including the Doji, the Hammer, the Hanging Man, Engulfing Patterns, and
Dark Cloud Cover. The book also explains continuation patterns and explores how they can help with the decision-making process during various trading periods. Its easy-to-understand techniques show how to find trading situations that have the maximum potential for profitability, the highest probability of succeeding, and the least amount of downside risk.
Whether you're trading stocks, options, currencies, or commodities, the methods described in Profitable Candlestick Trading will dramatically improve your investment capabilities.
With tools in hand, you'll come to see the built-in advantages of Japanese candlestick trading in this book that offers a thorough review and evaluation of this method of market analysis. Bridging the gap between past wisdom and contemporary practice, Profitable Candlestick Trading offers a complete understanding of this time-tested investing technique.
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