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Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits

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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...
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Candlesticks are a Roadmap to Markets...
There are more and more candlestick chapters in many trading books, but Profitable Candlestick Trading explains this somewhat "cloudy" subject with a new clarity. I've read over 2 dozen trading books, some devoted only to candlesticks, others that gloss over the subject with a few pictures. Frankly, it's hard to trust your hard earned money when you just don't fully understand candlesticks.

However with this book, each candlestick pattern's description is well thought out, with the "market psychology" stepped through from last trend into the reversal pattern and then the confirmation. Using concepts in this book, and combined with what I've picked up elsewhere, I have turned the corner from barely being profitable to consistently making great trades.

Other books may go more into depth about the origins of Candlesticks, but choose this book if you want to apply Candlesticks quickly and easily into your arsenal of trading tactics. Also, candlestick techniques can be applied to all charts, not just equities.

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PipProfessor NYC, NY

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Must Read
They have great insights you will not find anywhere else. Book is not expensive either. Must read!

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Great Book
This is a great book to help you start trading with less risk. Using the candlestick patterns will help you enter and exit positions better and with a higher chance of success. Not every trade will be a profitable one, but with the techniques in this book I've been able to reduce the losses on the bad trades and hold on longer to the profitable ones.

I have given this book just 4 stars because the author has a second book coming very soon and I expect that with the combination of the two books, they will be 5 stars.

This book not only teaches the candlestick patterns and how to recognize them, but it also teaches you how to make money trading them. Money management, trade size, etc. are all very important concepts and not often explained. Here they are. This is a must read book for anyone interested in this trading technique.

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1 of 1 people have found this review helpful.
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MrMacnanimous Slough, Berkshire

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great for beginners
This is a great book for beginners and the more experienced alike. An excellent reference manual to have on the bookshelf. It's the sort of book you dip into for info and not the type you would read from cover to cover. Also, it explains matters in an easy to digest format. With so many books available on the subject, I think this book is a good investment.

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Catchmy22 Albany, NY

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Excellent book
I've read many Candlestick books including all of Steve Nison's books, and this one is an excellent follow-up book, it's very clear and concentrates more on strategies for making money, also provides more trading insights whereas Nison's books are a little more theoretically oriented.

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3 of 3 people have found this review helpful.
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Luke11 Charleston, SC

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Minimal fluff, covers a lot of territory, solid reference
As far as beginner-to-intermediate reference texts go, this is an ideal candidate to cover your candlestick study base. Dozens of 'Primary' (e.g. Dojis, Morning Star, etc) and 'Secondary' (e.g. Tri Star, Three Black Crows) signals, everything from single- to triple-candle technical signals. Mr. Bigalow methodically lays out the underlying mechanics of what causes each unique candle to form, along with 'signal enhancements' and 'pattern psychology' to reinforce your understanding of each form with respect to the bigger picture.

In addition to the basic equity examples provided for illustration, he also analyzes candle trading techniques in the stock options and futures markets, and to wrap it all up a discussion of a money management system and psychological pointers to consider in trading more mechanically and less from emotions caused by "reported news" on mainstream media outlets (which he differentiates from 'breaking news,' and wisely so).

It's published by Wiley, so that should tell you it's got some meat to it. Very handy reference.

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Tommy_Kurtz Hickory Tree, NC

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Good book
I like this book as much or more than the two Nison two Candlestick books because this book does offer trading strategies which I think are effective. This is a little more advanced so read the later Nison book first as a primer..... no need to read both Nison books.

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4 of 4 people have found this review helpful.
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Angelajk Ellicott City, MD

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Displaying 1-7 of 7 Total Reviews
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