Candlestick Charting For Dummies

by Russell Rhoads

Want to gain a trading edge with candlestick charts? Find them a little confusing? No worries! Candlestick Charting For Dummies sheds light on this time-tested method for finding the perfect moment to buy or sell. It demystifies technical and chart analysis and gives you the tools you need to identify trading patterns — and pounce! This friendly, practical, guide explains candlestick charting and technical analysis in plain English. In no time, you’ll be working with common candlestick patterns, analyzing trading patterns, predicting market behavior, and making your smartest trades ever. You’ll discover the advantages candlestick has over other charting methods and learn the secrets of combining it with other technical indicators. You’ll also get familiar with different ways to display and interpret price action, including trend lines, support levels, resistance levels, moving averages, and complex indicators. Discover how

Construct candlestick charts Identify and interpret basic patterns Trade in bull and bear markets Work with complex patterns and indicators Avoid False signals Understand the components of market activity Deal with bullish or bearish single-stick, two stick, and multistick patterns Identify and interpret complex patterns Use indicators to determine the market Outperform the market in any conditions Don’t know whether to grab the bull by the horns or just grin and bear it? Read Candlestick Charting For Dummies and get it right the first time.

Genres: Finance, Business

524 pages, Kindle Edition

Published June 30, 2008

Reviews

[Jamie O'Brien]

Riddled with typographical errors, but solidly informative

[Shoaib Ahmad]

It's very good book for learning

[Tom · Rating 4 out of 5]

Great book both for beginners and more intermediate for top up information on stick patterns.

[Original Greatness · Rating 3 out of 5]

This book isn't good if you're starting from scratch with learning about candlesticks because it contains a lot of charts that don't accurately fit the description of the pattern's they're supposed to illustrate in an actual example. There's also a lot of grammatical errors some of which gives inaccurate descriptions of how certain moving averages and indicators work together. I'm a fan of the for Dummies line but I have to admit I'm a bit disappointed because of the numerous errors. I am a lot more knowledgeable after making it through this book from beginning to end despite them because I was able to build on the understanding of the candlesticks that I already had. Highly recommend "Japanese Candlestick Charting Techniques" Second Edition by Steve Nison.

[Pat Murphy · Rating 4 out of 5]

Can anyone tell I am trying to learn the stock market?

[Steve Mckaig · Rating 5 out of 5]

Good place to start

I enjoyed this book very much and learned a lot of valuable fundamental information. I recommend it for anyone interested in learning how to trade!

[Ben Kellermann · Rating 4 out of 5]

Want to gain a trading edge with candlestick charts? Find them a little confusing? No worries! Candlestick Charting For Dummies sheds light on this time-tested method for finding the perfect moment to buy or sell. It demystifies technical and chart analysis and gives you the tools you need to identify trading patterns — and pounce!

This friendly, practical, guide explains candlestick charting and technical analysis in plain English. In no time, you’ll be working with common candlestick patterns, analyzing trading patterns, predicting market behavior, and making your smartest trades ever. You’ll discover the advantages candlestick has over other charting methods and learn the secrets of combining it with other technical indicators. You’ll also get familiar with different ways to display and interpret price action, including trend lines, support levels, resistance levels, moving averages, and complex indicators. Discover how to:

Construct candlestick charts
Identify and interpret basic patterns
Trade in bull and bear markets
Work with complex patterns and indicators
Avoid False signals
Understand the components of market activity
Deal with bullish or bearish single-stick, two stick, and multistick patterns
Identify and interpret complex patterns
Use indicators to determine the market
Outperform the market in any conditions

Don’t know whether to grab the bull by the horns or just grin and bear it? Read Candlestick Charting For Dummies and get it right the first time.

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