Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits (Wiley Trading)

Unlock the secrets of an ancient charting tool The most ancient form of charting, the Japanese candlestick method has become an extremely popular analytical tool among the new generation of traders. However, because of the aura of mysticism surrounding candlesticks and the arcane terminology typically used to describe them, many traders in the West never really learn how to use them properly and exploit their full potential. Profitable Candlestick Trading demystifies candlesticks for today's traders. With the help of numerous real-world examples, Bigalow clearly explains how candlesticks work, how to read them, and how to maximize profits with them. Bigalow shares some of his original candlestick-based trading programs, the same programs which have yielded impressive results for his clients at leading financial firms in the United States and abroad. Misunderstood by investors for years, Japanese Candlestick charting and analysis has been described as too complicated to learn and too labor-intensive. Now, Candlestick trading expert Stephen Bigalow dispels these notions and demystifies the process of this valuable and successful technical analysis tool in Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profit. In accessible and easy-to-understand language, this book bridges the gap between past wisdom and contemporary practice to give any level of investor a complete understanding of this proven, profitable, and time-tested investing technique.Tested, proven, and successful, Japanese Candlestick charting and analysis is one of the most profitable -- yet underutilized -- ways to trade the market. In Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits, Candlestick trading expert Stephen Bigalow shows you how to recognize and harness the power of Candlestick signals as well as implement them into a profitable trading system. Signals created by this unique technical analysis method -- represented in the form of graphic "Candlestick" formations -- identify the immediate direction and effects of investor sentiment through price movements, and allow you to trade profitably by realizing trend reversals before other investors do.This step-by-step guide makes learning the Candlestick method a fast and easy process by introducing specific patterns as well as the "psychology" behind each pattern that develops in a chart. Incorporating the common sense and logical disciplines that most investors are aware of, but ignore, Profitable Candlestick Trading opens with a detailed look at the most valuable aspect of technical analysis -- reversal patterns -- while explaining major reversal signals such as the Doji, the Hammer, the Hanging Man, Engulfing Patterns, and Dark Cloud Cover. Although most Candlestick signals are reversal patterns, this comprehensive guide also addresses continuation patterns and explores how they can help with the decision-making process during certain trading periods. Mastering the Candlestick method will revolutionize your investment-thinking process.Profitable Candlestick Trading dispels the notion that Candlestick techniques are too labor-intensive. Using software search programs allowing you to visually evaluate hundreds of charts in a matter of minutes, you'll quickly learn how to search and view Candlestick formations. Moving from theory to practice, this guide shows you how to find trading situations that have the maximum potential for profitability; the highest probability of succeeding; and the least amount of downside risk. By exposing you to the profitable combinations of signals, price moves, and stochastic positions apparent in a number of common patterns -- such as the Jay Hook pattern -- this book will speed up your recognition of the process and increase your profits with each trade whether for a one minute, one day, or one year hold.With tools in hand, you'll begin to learn about the built-in advantages of the Japanese Candlestick methodology. Bigalow shows you how to coordinate Candlestick analysis with simple but disciplined trading rules to form an extremely profitable investment program that utilizes these advantages to their fullest. Whether you're dealing in stocks, commodities, or futures, Profitable Candlestick Trading gives you the advice, knowledge, and techniques necessary to enter the markets with confidence and exit with profits.In providing an in-depth understanding of how Candlestick charting works -- across a variety of investment vehicles -- this comprehensive guide allows you to control your own investment future and produce profitable results that go far beyond other investment programs. Your investment abilities will be dramatically improved forever. Die japanische "Candlestick Methode", ist nicht nur eine der ltesten und umstrittensten Arten der technischen Analyse, sondern auch eine uerst erfolgreiche Methode zur Darstellung von Kursverlufen - vorausgesetzt, sie wird richtig angewandt. Sie wird bei jungen Hndlern zwar immer beliebter, aber aufgrund der verwirrenden Terminologie verstehen sie hufig nicht, wie man sie richtig einsetzt und ihre Mglichkeiten voll ausschpft. "Profitable Candlestick Trading" stellt deshalb eine Verbindung her zwischen althergebrachtem Wissen und moderner Praxis. Autor Stephen Bigalow erlutert aber nicht nur WAS Candlestick Charts sind, sondern auch WIE sie funktionieren, wie man sie liest und wie man sie zur Gewinnmaximierung nutzt. Auf diese Weise gewinnt der Leser einen detaillierten Einblick in die Funktionsweise dieser ebenso einfachen wie eleganten und leicht zu erlernenden Analysemethode. Mit zahlreichen Beispielen aus der Praxis, darunter auch einige von Bigalows erfolgreichen Candlestick-basierten Handelsprogrammen, mit denen seine Kunden in fhrenden amerikanischen und internationalen Finanzunternehmen auergewhnliche Erfolge erzielt haben. "Profitable Candlestick Trading" ist das bislang einzige Buch auf dem Markt, das dem Leser wirklich zeigt, wie man Candlestick Charting in ein komplettes Handelsprogramm integriert. Einfach, verstndlich und praxisnah!

Unlock the secrets of an ancient charting tool
The most ancient form of charting, the Japanese candlestick method has become an extremely popular analytical tool among the new generation of traders. However, because of the aura of mysticism surrounding candlesticks and the arcane terminology typically used to describe them, many traders in the West never really learn how to use them properly and exploit their full potential. Profitable Candlestick Trading demystifies candlesticks for today's traders. With the help of numerous real-world examples, Bigalow clearly explains how candlesticks work, how to read them, and how to maximize profits with them. Bigalow shares some of his original candlestick-based trading programs, the same programs which have yielded impressive results for his clients at leading financial firms in the United States and abroad.

The Reversal Patterns -- Continuation Patterns -- Major Signals Explained -- Finding and Learning the Signals Made Easy -- Common Patterns -- Revolutionizing Investor Psychology -- Analyzing Profitable Trades -- Maximizing Profits -- Trading Programs -- Using Candlesticks to Improve Elliot Wave Analysis -- Option Trading Refined -- Candlesticks with Commodities and Futures -- The UltimateInvestment Program -- Candlestick Trading Rules. The technical analysis method known as "Candlestick Charting" is one of the most ancient and misunderstood ways to chart, yet it is extremely successful in charting markets when used properly. This book bridges the knowledge gap between ancient wisdom and contemporary practice.