Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures

Paperback book has large fonts and I keep as reference on my table. It explain traders psycology for candle formations.

This seminal work covers all of the major, and most of the minor, candlestick patterns and their stats, along with ample discussion of the "zen" behind the successful application of candlesticks to real-world trading. The stats alone are worth the price of the book. Chapter 10 on candlesticks for traders, guest-authored by Ryan Litchfield, is an outstanding addition to the current edition, chock full of clarifying concepts and diagrams.

If you're already familiar with candlestick analysis, you'll still benefit from this book. The decomposition of multi-day charts, as well as the sentiment behind the indicators, was enlightening. The key take-away for me was to consider candlesticks an enhancement to other technical anaylsis, proving most valuable as sentiment indicators near support and resistance points. The added chapter for traders, authored by Litchfield, refined the data from prior chapters.

This 513 page large format softcover book thoroughly explains candlestick analyses of stock and commodity activity charts. It is not a book you can read over the weekend and begin using Monday. It requires serious study. The author dedicated much energy in learning about this form of market analysis that originated in Japan over a hundred years ago, and even traveled to Japan to interview master traders who utilized the method. From the preface: "This is a book that not only covers the basics, but offers more detail into exactly how to identify and use the patterns." It does.

If you are reading this review you probably already know Japanese candle patterns a.k.a.candlestick charts give you much more information at a glance about the current market psychology than does any other charting method. Gregory Morris gives a detailed account of all the candle patterns and how to interpret them for their usefulness in market timing and strategies as well as how well each works based on his statistical study of 7275 stocks with 14.6 million days of data. Don't let that throw you - each candle pattern starts off with a commentary then the rules of recognition and the scenarios and psychology behind the pattern, the pattern flexibility, pattern breakdown and related patterns and finally an example in a real stock chart IE: not something he made up for educational purposes. As will anything, you will need to take each pattern and locate them in many (100's) of stock charts so they become second nature to your evaluating a chart pattern. There is a huge amount of information in this book - so I strongly suggest you also buy the "Candlestick Charting Explained Workbook" which is like a bootcamp for those studying candlesticks. I found going through the workbook gets you up to speed on candlesticks quicker and will jump start your understanding the Candlestick Charting Explained book. The small financial investment and somewhat larger time investment you make with this book will make you a profitable trader.

Comprehensive and explains the psychology behinds the patterns. There's a new section located towards the end of the book by Ryan Litchfield that could be a book of it's own; it helps greatly in understanding the different patterns discussed in this book and then some. Honestly that section made the five stars for me.

The book has an exhaustive list of candle patterns with explanations and statistical data. You will notice fairly soon that there is quite a bit of repetition, as well as slight variations that are presented as separate patterns. Overall the effect is to make the book seem cluttered, and it makes the broader picture more difficult to comprehend. However it did help me to better understand and identify candles that signify potential trend changes. The author states that the patterns are intended to be used only with daily charts, and are to be seen as reliable signals for trading time frames of one or at most a few days. However the most fundamental patterns, I have found, can be used with weekly charts, which is my preferred time frame for trend trading. Overall the book is interesting, but not that helpful, and to me would have gained by subtraction.

"Candlestick Charting Explained" is a must-read for anyone serious about technical analysis. Author Gregory Morris breaks down complex patterns into clear, actionable insights. The inclusion of success rates for each pattern adds a valuable layer of practicality. Highly recommend for traders looking to improve their understanding of market psychology.

lo compré porque lo recomendaba el autor de otro importante libro de bolsa. Es muy completo y te arrojará luz antes de que la fastidies al ponerte corto o largo.

This is a great book, it shows you in a detail the best way to trade, and gives the confidence to go through your goals.

Very elaborate and detailed. This is more a reference book than one you will read all over.

Chegou antes do prazo, produto muito bom

Non avendolo trovato in italiano mi sono deciso infine all'edizione in inglese che comunque è assai capibile anche per chi come me l'inglese l'ha fatto a scuola, e ne sono rimasto contento per i contenuti interessanti ed utili. Ogni singola formazione è spiegata molto bene sviscerandone anche la psicologia del mercato che la sostiene. Da tenere sulla scrivania per le proprie analisi di trading