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List Price : $150.00 Price : $80.67
List Price : $150.00 Price : $80.67
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Following in the footsteps of author Thomas Bulkowski’s bestselling Encyclopedia of Chart Patterns—and structured in the same way—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.
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Encyclopedia of Candlestick Charts (Wiley Trading) Reviews
| 32 of 35 people found the following review helpful:  A Good Book, BUT..., By PVB (New York, NY USA) - See all my reviews This review is from: Encyclopedia of Candlestick Charts (Wiley Trading) (Hardcover) A good book for anyone having a desire to learn about candlestick patterns, but I feel the author misses the point. Too many wordy statistics and not enough visuals. Candlestick patterns visually show investor sentiment. This sentiment is especially important when prices approach critical points of support and resistance. Showing more charts on how these patterns react at these critical junctures under various conditions would have been more helpful. Candlestick patterns IMPLY a change of trend, they DO NOT guarantee it. They are just another indicator reflecting the bullish or bearish implications they represent. A trader must take into account where within the OVERALL TECHNICAL PICTURE the pattern appears and the health of the market. By blending candlestick patterns with Western technical analysis you are getting the best of both worlds. Strong trends do not turn on a dime. They may require several candlestick signals before changing trend direction. By... Read more 9 of 11 people found the following review helpful:  Statistics can tell you something but..., By Amazon Verified Purchase This review is from: Encyclopedia of Candlestick Charts (Wiley Trading) (Hardcover) Don't buy this book to learn about candlesticks. To learn buy Japanese Candlestick Charting Techniques, Second Edition. I bought this book because I wanted to know some more about how successful the candlesticks patterns really are. Bulkowski has processed lots of data and he presents lots of (almost raw) data. Actually he presents too much and hardly any recommendations of how to use candles. But also too little data, for instance he doesn't use standard deviation at all. This would have been very useful to understand statistically significant patterns. The way he presents the statistics is also very convoluted, but at least a lot of data is there for you to do your own study of his data. For USD 100 I would have expected the author to provide a bit more commentary and advice. Instead he seems to collect candlepatterns... Read more 11 of 14 people found the following review helpful:  An excellent guide, By This review is from: Encyclopedia of Candlestick Charts (Wiley Trading) (Hardcover) A statistically thorough analysis of candlestick charts. Who would have thought that a good number of formations described in Japanese literature as reversal patterns actually have the opposite effect, while many others have outcomes which are close to random? There are also a few formations with success rates of over 80%. Thomas does an excellent job here of sorting the chaff from the wheat. Excellent research with some surprising findings. |
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