Product Description
Use popular chart patterns profitably
In his follow-up to the well-received Encyclopedia of Chart Patterns, Thomas Bulkowski gives traders a practical game plan to capitalize on established chart patterns. Written for the novice investor but with techniques for the professional, Trading Classic Chart Patterns includes easy-to-use performance tables, vivid case studies, and a scoring system that makes trading chart patterns simple. This comprehensive guide skillfully gives investors straightforward solutions to profitably trading chart patterns. Trading Classic Chart Patterns also serves as a handy reference guide for favorite chart patterns, including broadening tops, head-and-shoulders, rectangles, triangles, and double and triple bottoms. Filled with numerous techniques, strategies, and insights, Trading Classic Chart Patterns fits perfectly into any pattern trader's arsenal.
Thomas N. Bulkowski (Keller, TX), an active investor since 1981, is the author of the highly acclaimed Encyclopedia of Chart Patterns (Wiley: 0471295256) as well as numerous articles for Technical Analysis of Stocks & Commodities. Trained as a computer engineer, Bulkowski worked for over a decade at Tandy Corporation. Prior to that, he worked on the Patriot air defense system for Raytheon.
New technology and the advent of around the clock trading have opened the floodgates to both foreign and domestic markets. Traders need the wisdom of industry veterans and the vision of innovators in today's volatile financial marketplace. The Wiley Trading series features books by traders who have survived the market's ever changing temperament and have prospered-some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future.
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Trading Classic Chart Patterns Reviews
81 of 84 people found the following review helpful: Author's comments, This review is from: Trading Classic Chart Patterns (Hardcover) I wrote the book for novice investors with useful information for the seasoned pro. The Getting Started section explores Trendlines (including internal trendlines and tails, point spacing, number of touches, length, angle, volume), backed up by performance statistics for each; Support and Resistance (round number, moving average, chart pattern, trendline, old high/old low, horizontal consolidation region, including price prediction); Stops (various types including beta-adjusted trailing stops); and common trading mistakes.Chart pattern reference section: Each chapter examines one pattern type and describes the chart pattern as it behaves under various conditions. I score performance in easy to use and understand tables. For example: Diamonds with downward breakouts occurring in small cap stocks have declines averaging 27% (score: +1), mid caps decline 23% (score: +1), and large caps decline 19% (score: -1). If the diamond chart pattern you're looking at is in a mid cap stock, then... Read more 76 of 79 people found the following review helpful: Masterful Analysis of Chart Patterns, By This review is from: Trading Classic Chart Patterns (Hardcover) This 439-page book is authored by Thomas Bulkowski, a successful full-time investor and trader for over 20 years. In his spare time, he previously penned the Encyclopedia of Chart Patterns (2000). For those investors and traders who want to know the performance characteristics of specific popular chart patterns, this book provides the nuts-and-bolts. The book is not light reading and requires a great deal of concentration if you expect to get the most out of it. If you are beginning investor or trader then you may want to wait a bit until you've mastered you chart patterns and terminology before delving into this book. If you like statistical data and like to work with numbers, then this book will make you happy. Each chapter on the chart patterns follow a similar template so that you know what to expect in future chapters as far as format is concerned. The book is divided into two parts. Part I (85 pages) presents new research on... Read more 33 of 35 people found the following review helpful: Finally an excellent book on Chart patterns, By Des Hartman (Boca Raton, FL USA) - See all my reviews This review is from: Trading Classic Chart Patterns (Hardcover) I'm a software developer writting a program to do chart patterns. I used his first book, but there were conceptual pieces missing. This book fills in the gaps and more. This is an excellent buy and well worth the money! If you are serious about Chart Patterns, then I would suggest this book as a first read and then the encyclopedia of Chart Patterns as a reference. Good humor in the book as well. I like that. |
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