Candlestick Charting: Profiting from Effective Stock Chart Analysis

Investors and traders seek methods to identify reversal and continuation to better time their trades. This applies for virtually everyone, whether employing a swing trading strategy, engaging in options trading, or timing entry and exit to spot bull and bear reversals. Key signals are found in the dozens of candlesticks, combined with technical signals such as gaps and moves outside of the trading range; size of wicks (shadows) and size of real bodies. The science of candlestick analysis has a proven track record not only from its inception in 17th century Japan, but today as well.

This book explains and demonstrates candlestick signals, including both the appearance of each but in context on an actual stock chart. It further takes the reader through the rationale of reversal and continuation signals and demonstrates the crucial importance of confirmation (in the form of other candlesticks, traditional technical signals, volume, momentum and moving averages).

Michael C. Thomsett is a market expert, author, speaker and coach. His many books include Mathematics of Options, Real Estate Investor’s Pocket Calculator, and A Technical Approach to Trend Analysis.

A video of the author titled "Candlesticks for Option Timing" can be found here:

https://www.youtube.com/watch?v=IItH6OLh7TI

1133658317
Candlestick Charting: Profiting from Effective Stock Chart Analysis

Investors and traders seek methods to identify reversal and continuation to better time their trades. This applies for virtually everyone, whether employing a swing trading strategy, engaging in options trading, or timing entry and exit to spot bull and bear reversals. Key signals are found in the dozens of candlesticks, combined with technical signals such as gaps and moves outside of the trading range; size of wicks (shadows) and size of real bodies. The science of candlestick analysis has a proven track record not only from its inception in 17th century Japan, but today as well.

This book explains and demonstrates candlestick signals, including both the appearance of each but in context on an actual stock chart. It further takes the reader through the rationale of reversal and continuation signals and demonstrates the crucial importance of confirmation (in the form of other candlesticks, traditional technical signals, volume, momentum and moving averages).

Michael C. Thomsett is a market expert, author, speaker and coach. His many books include Mathematics of Options, Real Estate Investor’s Pocket Calculator, and A Technical Approach to Trend Analysis.

A video of the author titled "Candlesticks for Option Timing" can be found here:

https://www.youtube.com/watch?v=IItH6OLh7TI

64.99 In Stock
Candlestick Charting: Profiting from Effective Stock Chart Analysis

Candlestick Charting: Profiting from Effective Stock Chart Analysis

by Michael C. Thomsett
Candlestick Charting: Profiting from Effective Stock Chart Analysis

Candlestick Charting: Profiting from Effective Stock Chart Analysis

by Michael C. Thomsett

eBook

$64.99 

Available on Compatible NOOK devices, the free NOOK App and in My Digital Library.
WANT A NOOK?  Explore Now

Related collections and offers

LEND ME® See Details

Overview

Investors and traders seek methods to identify reversal and continuation to better time their trades. This applies for virtually everyone, whether employing a swing trading strategy, engaging in options trading, or timing entry and exit to spot bull and bear reversals. Key signals are found in the dozens of candlesticks, combined with technical signals such as gaps and moves outside of the trading range; size of wicks (shadows) and size of real bodies. The science of candlestick analysis has a proven track record not only from its inception in 17th century Japan, but today as well.

This book explains and demonstrates candlestick signals, including both the appearance of each but in context on an actual stock chart. It further takes the reader through the rationale of reversal and continuation signals and demonstrates the crucial importance of confirmation (in the form of other candlesticks, traditional technical signals, volume, momentum and moving averages).

Michael C. Thomsett is a market expert, author, speaker and coach. His many books include Mathematics of Options, Real Estate Investor’s Pocket Calculator, and A Technical Approach to Trend Analysis.

A video of the author titled "Candlesticks for Option Timing" can be found here:

https://www.youtube.com/watch?v=IItH6OLh7TI


Product Details

ISBN-13: 9781501507298
Publisher: De Gruyter
Publication date: 12/18/2017
Sold by: Barnes & Noble
Format: eBook
Pages: 320
File size: 19 MB
Note: This product may take a few minutes to download.
Age Range: 18 Years

About the Author

Michael C. Thomsett

Table of Contents

Chapter 1: The Basic Candlestick  1

The Origin and Meaning of the Candlestick  2

Strengths and Weaknesses of Candlesticks  7

Paper Trading as a Testing Ground  12

The Skills Every Trader Needs  15

Candlesticks: General Observations Concerning Their Use  19

Expanding the Information Pool Effectively  22

Chapter 2: Single Stick Signs  27

Uptrends and Downtrends  28

The Significance of a Candlestick’s Shape  31

Variations on the Bullish Long Candlestick  33

The Mistake Pattern  35

The Spinning Top, Hanging Man, and Hammer  41

Line Signals  44

The Significance of Tails  45

Chapter 3: Double Stick Moves  49

Two Reversal Moves: Engulfing and Harami  50

More Reversals: The Inverted Hammer and Doji Star  56

Gaps and Lines  60

Neck Lines, Crows, and Rabbits  68

Reversal and Confirming Moves—Relative Values  78

Chapter 4: Complex Stick Patterns  81

Reversal Trend Change Patterns  82

Inside and Outside Formations  88

Reversal Stars and Abandoned Babies  91

Line and Gap Continuation Signals  95

Tower Tops and Bottoms  105

Chapter 5: Reversal and Continuation Pattern Analysis  109

Strong Top and Bottom Signals  111

Stars, Kicks, Swallows, and Sandwiches  117

Matching and Star Reversals  126

Ladders and “Major” Reversals  130

Sakata’s Five Methods  134

Price Patterns with Low Reliability  142

Strong Price Line Reversals  150

Recognizing the False Signal  165

Chapter 6: Volume and Volatility  169

Volume as a Price Indicator  169

Volume Indicators  174

Testing Price Volatility  183

Triangles and Wedges  185

Chapter 7: Buy and Sell Set-Up Signals  193

Price Spikes and Reaction Swings  196

Percentage Swing Systems  200

Short-Term Gapping Behavior  202

Anticipating the Trend During Consolidation  206

The False Indicator  210

Support and Resistance in the Swing Trade  214

Chapter 8: Swing Trading with Candlesticks  219

A Swing Trading Overview  220

Quantifying Price Movement with Candlesticks  223

The Importance of Convergence and Divergence  226

Primary Trends and Candlestick-Based Entry or Exit  230

Set-Up Criteria and Action Points  234

Selling Short in Swing Trades  239

Chapter 9: Spotting Trends and Using Trendlines  243

Identifying the Trendline  244

Trendlines and Confirmation Signals  249

Applying Moving Averages to Candlestick Analysis  252

The Channel Line  254

Chapter 10: Technical Indicators  257

The Value of Confirmation  258

A Review: Technical Analysis Basics  261

The Significance of Gaps  264

A Framework for Interpretation: Support and Resistance  267

Overbought and Oversold Indicators  270

Relative Strength Index (RSI)  270

Stochastics  272

MACD  273

Bollinger Bands  274

The Potential of Candlestick Signals  278

Glossary  281

Index  297

From the B&N Reads Blog

Customer Reviews