21 Candlesticks Every Trader Should Know (Trade Secrets

by Melvin Pasternak

Learn the 21 key candles and you should improve your trading performance no matter if your time frame is several weeks or several hours. Once could easily ask, why do candlesticks continue to gain such power in the market? The answer can be found in the clear and straight-forward nature of the candlesticks themselves--offering traders the ability to see the bigger picture. Continuation patterns, reversal patterns, emerging trends, bottom and tops--all of these insights manifest in a way that other charting systems just can't compete with. And from an array of nearly 100 charts, Dr. Pasternak has chosen the 21 most important ones.

Paperback

First published February 28, 2006

Reviews

[Akshat Solanki]

Candle Light Dinner

For the traders and analysts, it's all about candlesticks, bars, graphs, charts, and this book does a good job of bringing them on the board.

The author has written about 21 Candlesticks, of which, according to him, 4 types of Doji and Bullish-Bearish engulfing patterns are the most important ones.

He's given the description and also has explained the philosophy behind these candlesticks, along with the charts, and the examples.

The illustration is easier to understand, but as he wrote in the conclusion that it's important to remember each and every candlestick, its pattern, when does it occur, how to take the benefit etc.

Do read this book.

PS: Only for equity traders and analysts. Equity Investors can refer this book only if they believe investing in a company using charts and graphs.

Akshat Solanki

[Aiman Adlawan]

good book. can be used as a reference for day traders like me

[Andrew Margetson]

Basic description of the 21 candlestick patterns, easy to understand with examples for each one.
A good start for traders looking to start learning about candlestick patterns.

[CP]

Nice and succinct. Useful book.

[Elruin Elmsroot]

A very basic intro. for some of the most important candlesticks in trading.