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Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits, 2nd Edition

Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits, 2nd Edition

Stephen W. Bigalow

ISBN: 978-1-119-20088-8 September 2015 384 Pages



The updated edition to one of the most popular books on technical analysis

Japanese candlestick charting and analysis is one of the most profitable yet underutilized ways to trade the market. Signals created by this unique method of technical analysis-represented in the form of graphic "candlestick" formations-identify the immediate direction and effects of investor sentiment through price movements, allowing traders to profit by spotting trend reversals before other investors. This updated version of Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits makes learning the method fast and easy by introducing specific patterns, as well as the psychology behind them. The book

  • Details the most valuable aspect of technical analysis-reversal patterns-as well as reversal signals, including the Doji, the Hammer, the Hanging Man, Engulfing Patterns, and Dark Cloud Cover
  • Explains continuation patterns and explores how they can help with the decision-making process during various trading periods
  • Reveals how to find trading situations that have the maximum potential for profitability, the highest probability of success, and the least amount of risk

Learn how to quickly search, view, and profit with candlestick formations with Profitable Candlestick Trading.

Preface to the New Edition v

Acknowledgments ix

Chapter 1 Introduction 1

Chapter 2 The Reversal Patterns 21

Chapter 3 Continuation Patterns 105

Chapter 4 Major Signals Explained 131

Chapter 5 Finding and Learning the Signals Made Easy 159

Chapter 6 Common Patterns 167

Chapter 7 Revolutionizing Investor Psychology 209

Chapter 8 Analyzing Profitable Trades 227

Chapter 9 Maximizing Profits 245

Chapter 10 Trading Programs 263

Chapter 11 Using Candlesticks to Improve Elliott Wave Analysis 283

Chapter 12 Option Trading Refined 303

Chapter 13 Candlesticks with Commodities and Futures 313

Chapter 14 Trend Analysis: Improving the Probabilities 319

Chapter 15 Eliminating Mental Trading Flaws with Candlestick Analysis 333

Chapter 16 Candlestick Trading Rules 343

Chapter 17 Conclusion 351

Glossary 355

About the Author 361

Index 363