Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits (Wiley Trading) by Stephen W. Bigalow

Product Description

Unlock the secrets of an ancient charting tool
The most ancient form of charting, the Japanese candlestick method has become an extremely popular analytical tool among the new generation of traders. However, because of the aura of mysticism surrounding candlesticks and the arcane terminology typically used to describe them, many traders in the West never really learn how to use them properly and exploit their full potential. Profitable Candlestick Trading demystifies candlesticks for today's traders. With the help of numerous real-world examples, Bigalow clearly explains how candlesticks work, how to read them, and how to maximize profits with them. Bigalow shares some of his original candlestick-based trading programs, the same programs which have yielded impressive results for his clients at leading financial firms in the United States and abroad.
Product Details

* Amazon Sales Rank: #10605 in eBooks
* Published on: 2001-12-31
* Format: Kindle Book
* Number of items: 1

Editorial Reviews

Review
"...this book is unquestionably destined to become a classic technical analysis reference book for years to come..." (erivativesreview.com, 16 July 2002)

From the Inside Flap
Tested, proven, and successful, Japanese Candlestick charting and analysis is one of the most profitable-yet underutilized-ways to trade the market. In Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits, Candlestick trading expert Stephen Bigalow shows you how to recognize and harness the power of Candlestick signals as well as implement them into a profitable trading system. Signals created by this unique technical analysis method-represented in the form of graphic "Candlestick" formations-identify the immediate direction and effects of investor sentiment through price movements, and allow you to trade profitably by realizing trend reversals before other investors do.

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.

From the Back Cover
Profitable Candlestick Trading

Pinpointing Market Opportunities to Maximize Profit

Misunderstood by investors for years, Japanese Candlestick charting and analysis has been described as too complicated to learn and too labor-intensive. Now, Candlestick trading expert Stephen Bigalow dispels these notions and demystifies the process of this valuable and successful technical analysis tool in Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profit.

In accessible and easy-to-understand language, this book bridges the gap between past wisdom and contemporary practice to give any level of investor a complete understanding of this proven, profitable, and time-tested investing technique.

"A superb exposition of Japanese Candlesticks: the oldest method of technical analysis developed more than 400 years ago. The book offers a thorough review and evaluation of this increasingly popular method of market analysis. A great source of information both for an experienced trader and a novice in this field."
-Vincent Kaminski
Managing Director, Enron Corp.
Customer Reviews

Make Money Now5
I was doing poorly in the stock market. I read this book and I started to see success. Candlestick signals are a wonderful way to do technical analysis. I wish this book would have crossed my path sooner. Steve makes this book easy to understand and follow. Learn how and when to enter and exit stocks. Also learn how to manage you money for sucess.

Great Information But.......3
I'm very pleased with the information contained in the book. However, most of the information contained in the book can be found on the authors website for free. Just google Stephen Bigalow and check it out for yourself, lots of info in the forum at that site as well. I read some other reviews (at another site) that recommended his second book over this one as the basics can be found at his website (and several others) and you can get more into the theory in the other book. With that said I still recommend it and would say its a 5 star rating based on the information. I use it every night while doing my research for the next trading day. Anyway, just something to know. Seems most days you can find just about anything on the net if you look hard enough. May all your days be bullish kickers!

Excellent CandleStick Trading Book5
I am a beginner Commodities/Futures Trader, and am in the process of learning everything I can about all the various trading tools and charting methods. My expectations after having read a lot of books now, is that the book should contain a focused look at the 'topic' followed by primary, secondary and tertiary examples of how the methodology of the subject can work effectively AND when it doesnt work well. Stephen Bigalow did an excellent job. The only weakness? The vast amount of analysis provided was for Stock Traders, even though the CandleStick methodology was invented for commodities/futures trading. There is a 3 page section that covered how effective the Candlestick charting method is for commodities trading, but in those 3 pages, he basically says that Candlesticks were invented for Commodities Trading and all the examples that are in the book apply BETTER for commodites as the underlying factors of price in Commodities are not as variant as they are with stocks. Bingo. So why all the analysis based on Stock Trading? I guess he had to play to the larger market of buyers. Anyway, he covers every kind of pattern, and his explanations are clear, succinct, and understandable. I highly recommend this book if you want to understand CandleStick's.