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 Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures
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Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures

Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures
Publisher
 McGraw-Hill
Published
 July 1995
ISBN
 1557388911
$37.95 List Price
$25.81 OUR PRICE
Sales Rank: 19,194
AVAILABILITY:
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Japanese candlesticks are one of the most important technical tools used in the market. Candlestick Charting Explained demonstrates how candlestick charts can be used to identify and anticipate price patterns in the financial and commodity markets. A comprehensive and authoritative overview, Candlestick Charting Explained describes how to combine candlestick charts with other technical tools to identify profitable trades. Clearly written and illustrated, this is a superb book for any trader who wants to master this powerful trading system.

Specific topics include:

  • Candlestick charts versus bar charts
  • Philosophy of candlestick pattern recognition
  • Reversal and continuation pattern recognition
  • Reversal and continuation patterns using candlesticks
  • Trading with candlesticks

Product Reviews

Review this item. Coming soon!
Average rating: 4.4
Candlesticks Made Moderately Easy Rating
January 13, 2004 Rating: 4.0 stars

Good book for someone who doesn't know anything about candlesticks, but I think you need to have some sort of understanding of investing before reading this book. The reason why I gave it a 4 star instead of a 5 star was because this is the first book on candlestick I've read. I haven't read another book yet on this topic.

Read this book the first time when I bought it several months ago and got a glazed over look in my eyes because I had no clue about any of it. However, as I let some months pass by and got better with my technical analysis utilizing other charts like MACD, stochastics, MA, BOP, TSV, MS, etc....the terminology and how the market moves allowed me to better understand what I was reading in Morris' book.

It would've been nice if he had a simplified table of the various individual candlesticks and what they represented and another table of the reversal patterns in bull & bear markets.

I like how the chapters were formatted in the reversal chapter. This was a long chapter and probably could've been broken down into shorter chapters to better categorize various reversals.

I have been able to validate some of the reversals by experience. I wasn't sure if I was reading the candlesticks correctly and went against what I read. The candlesticks were correct and I was wrong. Good thing I am learning about this when I don't have lots of money to lose yet.

All in all, I will read this book to glean even more information from it. I've already read it twice.

ALL YOU`LL NEED Rating
December 14, 2003 Rating: 5.0 stars

I have read some negative comments here about this book not being detailed enough etc... but it gives very clear, understandable explanations of all the patterns, and they are all grouped in an excellent orderly easy to find fashion. Other books of this kind may be a bit more detailed but they are a difficult dry read, far too lenthy and not as organized nor as well written. Greg morris delivers all the neccessary goods in this book.

WELL WRITTEN Rating
December 8, 2003 Rating: 5.0 stars

This book is an excellent reference for all the candlestick patterns. I like the fact that it has a pattern breakdown for every formation and also data on how well the patterns perform as far as accuracy at the end of the book. The descriptions are clear,concise and very well organized with great illustrations and psychological explanations behind the candlestick moves. I found this book an easier more understandable read than nison`s books on candlesticks and for less than half the price. I keep this book close by whenever i need to review a certain pattern, its very easy to flip through and find any of the formations since they are all neatly grouped by category, which i like. I think its the best.

No Wasted Words Rating
December 3, 2003 Rating: 4.0 stars

Get this book if you want to learn candlestick patterns simply and easily. It is very well written and all the patterns are neatly grouped together and are explained very well without any wasted words. The stats at the end of the book on how well the patterns perform are a nice extra also.

Excellent reference book for online trading Rating
February 18, 2002 Rating: 4.0 stars

I rated Greg Morris' book over Nison's because: 1. It's cheaper and better organized. 2. It can be treated as textbook and reference book. 3. It's suitable for professionals as well as novices. However, Nison's two books are still very good.

Some readers imply that Greg Morris' book has not much new ideas than Nison's. I don't agree with that. Both Nison and Morris have learned Candlestick techniques from Japanese, and they all translated those Candlestick analysis from Japanese books. Since Nison published his book first in the Western world, people have the impression that Nison "invented" Candlestick techniques, and obvious Candlestick analysis is an ancient Art and Science.

Finally, I sincerely recognize Nison's contributions in the technical field. I would like to recommend all three books (written by both Morris and Nison) as "Strong Buy".

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