Could not connect to Amazon
Product Description
Bloomberg Visual Guide to Candlestick Charting (9781118098455): Michael C. Thomsett: Books. Three Effective Candlestick Formations Every Trader Can Use By Michael Thomsett, author of the Bloomberg Visual Guide to Candlestick Charting Candlestick Charts are among the oldest and widest used form of charting, with more than 200 variations around. Traders are often looking to narrow their efforts down to the most effective formations to maximize this vital tool. Based on Thomas Bulkowski’s extensive testing, you can narrow this list and focus mainly on indicators offering the highest percentage of reliability. Here are my top three favorite formations every trader can use to better their trading: White soldiers is a bullish formation of three or more consecutive candlesticks moving upward and found after a downtrend. Each session opens within the range of the previous session and then closes higher. Amazingly, Bulkowski’s research concluded that the white soldiers leads to reversal 82 percent of the time. That makes this one of the best candlestick indicators. Black Crows is the opposite of white soldiers. This one is a bearish formation found after an uptrend. It consists of three or more sessions, each opening within the range of the previous session and then closing lower. Bulkowski concluded that black crows will lead to reversal 78 percent of the time it is found. The engulfing pattern is a two-session indicator. It is so called because the second session extends both above and below the range of the first, engulfing its range. The colors are also reversed: In a bullish engulfing pattern, found after a downtrend, a black session is followed by a white session that opens lower and then closes higher. This leads to reversal 63 percent of the time, which is better than the 50-50 random outcome, but not as strong as some others, such as the bearish variety. The bearish engulfing is opposite of the bullish. Found after an uptrend, a white first session is followed immediately by a black that opens higher and then closes lower. This one leads to reversal 79 percent of the time. Because these three (white soldiers, black crows, and engulfing) are so highly reliable, they are my favorites. They also show up often enough that they can be found in many instances and can be used as monitoring devices while tracking a trend and looking for its end. However, you also need to look for other signals of coming reversal. These are not exclusive; they are just among the most reliable, and should be in every trader’s toolkit. The Power of Candlestick Charting in Three Exceptional Graphs [Click on images to enlarge] By Michael Thomsett, author of the Bloomberg Visual Guide to Candlestick Charting Candlestick chart[6435] Bloomberg Visual Guide to Candlestick ChartingAnother winner from Michael Thomsett! Many traders consider candlestick charting a difficult subject to master, but the Bloomberg Visual Guide to Candlestick Charting has made it easy. The interactive quality of this book makes a complicated topic come alive. Michael's enthusiasm leaps off the page—I didn't want to put it down.—Marty Kearney, Options Institute,Chicago Board Options ExchangeThe Bloomberg Visual Guide to Candlestick Charting is truly a comprehensive reference for any trader who wants fast access to the essence of candlestick indicators. The visual approach taken by the author makes the topic user-friendly and valuable.—Julie Schoerke, principal of JKSCommunications, A Literary Publicity FirmMichael Thomsett articulates how candlestick interpretation reduces trading risks, improves timing, and assists individuals in managing their portfolios effectively. This book is designed for ease of use and I recommend it highly. I would also recommend the book to the thousands of members of the GlobalRisk community who know Michael as the top blogger and trainer.—Boris Agranovich, founder of GlobalRisk communityIt is refreshing to find a book that tackles a complex topic like candlestick chart interpretation and makes it crystal clear. Every chartist and technician should keep this book close at hand. The alphabetical and visual combination makes this the book of choice on candlestick charting.—Michelle Lemmons-Poscente, Chairman of the International Speakers BureauThe Bloomberg Visual Guide to Candlestick Charting is designed for anyone who wants to know more about this effective way of visualizing price movements. Written by acclaimed financial expert Michael C. Thomsett, the book serves as a guide to the most frequently used charts. Arranged in an easy-to-use manner, it provides a quick reference for those looking to learn more about candlestick charts as well as those entering the field for the first time. Highly visual and arranged alphabetically, the book features over two hundred candlestick and related terms, making it an invaluable resource that presents sometimes confusing concepts in a format that is easy to understand and digest.The Bloomberg Visual series covers today's most relevant finance and trading topics ina comprehensive, yet easy-to-follow style.The content truly lives up to the series nameby examining concepts in a highly visualmanner—all charts are in color and presented in a large format for ease of use. Other strong visual attributes include consistent elements that function as additional learning aids for the reader, such as: Key Points, Definitions, Step-by-Step, Do It Yourself, and Bloomberg Visual series functionality.And for e-reader users, the Bloomberg Visual series is available as an enhanced e-bookoffering special features, like a Test Yourself section where you can test your newly honed knowledge and skills. The enhanced e-book version also includes video tutorials and special pop-up features. It can be purchased wherever e-books are sold.
Shipping Weight: 2 pounds
|
(
) 
