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Profitable Candlestick Trading Pinpointing Market Opportunities to Maximize Profits
ISBN: 047102466X     Date Published: 2001-12-31     Author(s): Stephen W. Bigalow
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Hardcover
Wiley
324 Pages
 
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06/20/2013 01:32:12
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Editorial Review - Book 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.
 
Customer Review:
Total Reviews: (53)
  (37)      (9)      (2)      (4)      (1)
(3) Shared
 
141 of 145 People found the following review helpful.

Best Practical Candlestick Book, October 16, 2002 ByYannick Salgleda "Yannick" (Charlotte, NC United States) - See all my reviews Amazon Verified Purchase(What's this?) This review is from: Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits (Wiley Trading) (Hardcover) This book is the third Candlestick book that I have read cover to cover. The previous two were Steve Nison's two Candlestick books. While Nison's books were excellent and extremely easy to understand, this book concentrates on strategy for making money and gives more trading insights. I have been making money even in this bear market using the trading signals described in the book. The system is simple...use stochastics to confirm candle signals to ensure that you always buy oversold stocks and sell short oversold stocks. If you are a disciplined trader and wait for confirmation of the signals you can be profitable more than 75% of the time and your losses from your losing trades will be minimal if you keep tight stops - A must in these market conditions.There is a huge amount of overlap in Nison's and this book but I would still recommend all three as there is always some different points in each.
 
83 of 89 People found the following review helpful.

Destined to Become a Classic in the Investment Literature!, March 14, 2002 ByJ. Daryl Thompson (Houston, Texas United States) - See all my reviews This review is from: Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits (Wiley Trading) (Hardcover) The art of using Japanese Candlestick charts as a means to finding potential investment ideas has often been considered to be an arcane, complicated process, to be used by only the most sophisticated investors. This has now changed. Mr. Bigalow has truly revealed all the "tricks of the trade" within this book and the companion website.This book not only illustrates and explains every Candlestick signal investors need to know, but the underlying psychology that creates the signals in the first place is also revealed to the reader. But learning and knowing the signals, and understanding how the signals are created, are not of much use unless the investor also has a quick and easy way to FIND the signals on a regular basis. Using a very popular, inexpensive charting service, Mr. Bigalow shows how to set up the software filters so that thousands of stocks can be analyzed, and only the Candlestick charts with the highest profitability potential will be displayed. This...
 
34 of 34 People found the following review helpful.

Candlesticks Revealed, February 18, 2002 By A Customer This review is from: Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits (Wiley Trading) (Hardcover) I have read several books on candlestick formations and signals. This book has to rate as the best, every candle and pattern is explained in a logical sequence but the best is the psychology of the bulls and bears is revealed to the reader. Each candle comes alive, not only is the pattern recognised but the uderlying interaction of the market forces are there for the reader, as though a cloud has been lifted from a dull scene. The Japanese signals are combined with Stochastics but in a simple manner allowing the reader to increase his knowledge and effectiveness of the signals. You will never be puzzled by the chart patterns after reading this book.
 
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