List Price : $120.00 Price : $65.24
Product Description
In this revised and expanded second edition of the bestselling Encyclopedia of Chart Patterns, Thomas Bulkowski updates the classic with new performance statistics for both bull and bear markets and 23 new patterns, including a second section devoted to ten event patterns. Bulkowski tells you how to trade the significant events -- such as quarterly earnings announcements, retail sales, stock upgrades and downgrades -- that shape today?s trading and uses statistics to back up his approach. This comprehensive new edition is a must-have reference if you're a technical investor or trader. Place your order today.
"The most complete reference to chart patterns available. It goes where no one has gone before. Bulkowski gives hard data on how good and bad the patterns are. A must-read for anyone that's ever looked at a chart and wondered what was happening."
-- Larry Williams, trader and author of Long-Term Secrets to Short-Term Trading
customer review
Encyclopedia of Chart Patterns (Wiley Trading) Reviews
| 98 of 99 people found the following review helpful:  Regarding inaccurate statistics, This review is from: Encyclopedia of Chart Patterns (Wiley Trading) (Hardcover) I don't even know Mr. Bulkowski, but I felt compelled to write this review. One particular reviewer points out a few apparent discrepancies in this 672 page volume of research. It does not matter whether you are an author or have been published in trading-related magazines.The reviewer sarcastically poses that since the "rectangle bottom" stats on page 659 portray a zero faulure rate, that traders can get rich and never lose money! If you truly read the entire text, including Mr. Bulkowski's opening remarks that define his fresh statistical-analysis approach, then everything falls into place. Furthermore, the author addresses the "zero loss stat" for the rectangle formation on pages 440 and 444. He states that the "sample size" was small for this pattern and said: "Let me emphasize that because I did not find any failures of rectangle patterns with upside breakouts does not mean there are none." This is a good and... Read more 82 of 87 people found the following review helpful: A stunning achievement, a classic, By Animal Lover (CT USA) - See all my reviews This review is from: Encyclopedia of Chart Patterns (Wiley Trading) (Hardcover) This book is a must-have for anyone interested in technical analysis, whether just starting out or more experienced. It is a thorough review of patterns not seen since Edwards and Magee (1948) and deserves the name "encyclopedia". The author takes a scientific approach and does not make "claims" for one pattern or another, as a critical reviewer states. He clearly acknowledges that patterns, as with any technical method, only indicate, they do not dictate, and we are always working with probabilities. The back-testing that yields statistics on pattern performance (failure rate, average gain, etc.) is useful, but best of all is the absolutely clear description of the patterns with identification guidelines. Of the 100 or so books on technical analysis on my bookshelf, this is far and away the most-consulted. I have been using statistics-based technical analysis for over 20 years (moving averages, stochastics, and the like), but increasingly see patterns... Read more 52 of 54 people found the following review helpful: Most informative review on chart patterns, By This review is from: Encyclopedia of Chart Patterns (Wiley Trading) (Hardcover) I have always wondered - how reliable are chart patterns? Now I know. Tom gives you every statistic necessary to give you the confidence needed to trade these patterns. If you want to know what each pattern should look like, what the average rise or decline is, what the success rate is of each pattern, how to deal with failed patterns and strategies for maximizing profit and minimizing risk - then this 2nd edition is a must. I have been trading for 25 years and this is the first book I have read that gives me the confidence to take action. Bravo Tom. Vince |
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