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Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures Paperback – July 1, 1995

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Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures + Getting Started in Candlestick Charting + Candlestick Charting Explained Workbook:  Step-by-Step Exercises and Tests to Help You Master Candlestick Charting
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Product Details

  • Paperback: 300 pages
  • Publisher: McGraw-Hill; 2 edition (July 1, 1995)
  • Language: English
  • ISBN-10: 1557388911
  • ISBN-13: 978-1557388919
  • Product Dimensions: 6.9 x 0.7 x 9.9 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (21 customer reviews)
  • Amazon Best Sellers Rank: #1,007,478 in Books (See Top 100 in Books)

More About the Author

Gregory L. Morris is Sr. Vice President, Chief Technical Analyst, and Chairman of the Investment Committee for Stadion Money Management, LLC. He also serves as the chairman of the Station Trust Board. In this capacity Greg educates institutional and individual clients on the merits of technical analysis and why Stadion utilizes a technical rules-based model. Greg oversees the management of over $6 Billion in assets in six mutual funds, separate accounts, and retirement plans. From December, 2003 to May, 2005, Greg served as a Trustee and advisor to the MurphyMorris ETF Fund. He also served as Treasurer and Chief Executive Officer of MurphyMorris Money Management Co, the Advisor to the Fund.

Greg has written three books with McGraw-Hill; The Complete Guide to Market Breadth Indicators, a book introducing market breadth analysis for investors, a third edition (original edition in 1992) to his best-selling and vastly expanded Candlestick Charting Explained was released in March, 2006, and Candlestick Charting Explained Workbook, which was published in December, 2011. Greg recently completed his fourth book, "Investing with the Trend - A Rules-based Approach to Money Management" published by John Wiley under the Bloomberg Press label. This is a book about the flaws of modern finance, research on risk and trend analysis, and how to build a rules-based trend following model. In 2011, Greg produced Japanese Candlestick Pattern Recognition software for MetaStock. This is an add-on package that not only offers automatic identification of real patterns, but provides a sophisticated trend analysis measure and automatic support and resistance identification.

Greg is a member of the National Association of Active Investment Managers (NAAIM) where he currently chairs the Wagner Paper Contest, the American Association of Professional Technical Analysts (AAPTA), and the Market Technician's Association (MTA). During college he was a member of the American Institute of Aeronautics and Astronautics.

From 1996 to 2002, Greg was CEO of MurphyMorris.Inc., the leading provider of web-based market analysis tools, education, and commentary. MurphyMorris, Inc. was acquired by StockCharts.com, Inc. in October, 2002. In 1999, Greg and three associates started MurphyMorris Money Management Co. to manage assets for individuals. This focus was later changed to address the firm becoming the Advisor to the MurphyMorris ETF Fund in January, 2004, and later merged into the Stadion (PMFM) family of funds.

From 1994 to 1996, he was President of G. Morris Corporation, a Dallas, Texas headquartered business that provided products and services for investors and traders. His lead product was a series of over 450 Indicators & Trading Systems that supported most windows-based technical analysis software packages. From 1993 to 1994, Greg was part of MarketArts, Inc. which launched the first windows-based technical analysis software program, Windows on Wall Street.

In 1992 he published a book on Japanese candlestick analysis called CandlePower, now available in soft cover as Candlestick Charting Explained (McGraw-Hill). Widely recognized as an expert on candlesticks and the developer of candlestick filtering, he has lectured around the world on the subject. From 1982 until 1993, he worked in association with N-Squared Computing, producing over 15 technical analysis and charting software titles, many of which are actively used today. In May, 1989, he was awarded outstanding alumni for 1989 from Pratt County College.

Greg earned his pilot's license in 1967 and flew many versions of Cessna (Cessna 150 maximum takeoff weight = 1,500 pounds) and Mooney single-engine aircraft. During his 7 years as a Navy pilot he flew the T2-C Buckeye, A-4J Skyhawk, and his favorite military jet, the F-4J Phantom. While in the Navy, he logged over 240 carrier landings (103 at night) and exceeded twice the speed of sound. From 1978 to his retirement in 2004, Greg was a Captain for Delta Air Lines flying the Boeing 727, Lockheed L-1011, McDonald Douglas MD-88, MD-90, Boeing 757, Boeing 767, and his favorite airliner, the McDonald Douglas MD-11 (maximum takeoff weight = 625,000 pounds). With his private pilot time, the Navy fighter pilot career (1971 - 1978), and airline career he accumulated 21,000 hours of flying time, and as he likes to say, never put a scratch on an airplane.

He graduated from the University of Texas at Austin in 1971, has a BS degree in Aerospace Engineering, has authored numerous investment-related articles, speaks at numerous seminars and investment groups, appeared many times on Financial News Network (FNN), Fox Business, CNBC, and Bloomberg TV. Greg was featured in Investor's Business Daily in December, 2007, Business Week in July 2008, Barron's in January, 2009, Stocks and Commodities in September, 2009, and Bloomberg Markets in May, 2011. Greg has been invited to Italy, Brazil, Vietnam, Canada, Hong Kong, Singapore, and China to lecture on the merits of technical market analysis. From 1971 to 1977, he was a Navy F-4 fighter pilot aboard USS Independence who was selected for, and graduated from, the Navy Fighter Weapons School known as Top Gun. Greg and his wife, Laura, live in the mountains of North Georgia.

Customer Reviews

4.0 out of 5 stars

Most Helpful Customer Reviews

78 of 78 people found the following review helpful By Georgina on August 15, 2002
Format: Paperback Verified Purchase
A great question is which is better: Nison or Morris? Nison is for those who use indicators; Morris is the purist using only volume.
Reference book? Morris gives you the picture and the explanation in an easy format and an index to find it. He also breaks the candles into groups and types. This is the valuable part of the book.
Who is more in depth? Well that's a tie with Morris winning slightly on candles & losing if you want to view the whole Japanese charting world, Kagi, Renko, 3 line break. Nison gives other Japanese charting types weight in the book which is good if you have Metastock bad if you don't. Personally I like the other methods.
So why did I give Morris the nod? As a professional trader I can't really give away an edge except that Morris is more tuned towards stocks & gives hints that Nison did not.
Nison is also a boring writer, better lecturer. Morris is a better writer, teacher.
Remember Morris gives you everything and if that's not enough then you're not reading carefully; looking over these previous reviews makes me happy because they obviously missed Morris' hints and guides. I saw them and my trading improved & I had used Candles for a long time before getting to Morris ala Nison & began to think them worthless. Now I understand their role.
Enough said.
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109 of 112 people found the following review helpful By Oavde on July 25, 2000
Format: Paperback
I would more accurately give this book 3 1/2 stars ...I am a firm believer in Candlestick charting - not because it is foolproof, and not for some mystical ancient timeless qualities it possesses in predicting stocks.
The simple fact is, it is much easier to recognise patterns by looking at a "candle" rather than looking at the western plot (which I find visually confusing, especially if the graphs are cramped). Using candlesticks has its flaws but overall I think it is a good way to view price data.
The book: a bit light, however substantially more depth than anything I have found for free on the web, and I have found a lot. The book takes a pattern, shows you what is likely to happen next, explains deviations from normal and also tells you to what degree confirmation recommended. It is easy to use as reference.
It gave me enough information to create my own computerised candlestick recognition software .. the book also contains statistics from their own software, e.g the percentage of times they found "hammers" or "doji" patterns - this was interesting.
I chose this book over the work by Nison because it was 1. cheaper and 2. it was recommended on an investor site as being better organised than Nisons' work ... and it is very well organised. Also nobody really grilled it in a review.
However, I still plan to purchase the books by Nison to expand my understanding ... that does not mean this is a bad book, I just want more information. I would want an entire book just on the fascinating history of the ancient inventor of candlesticks, Sakata, what a character. I would not mind reading a translation of his work. Also I would like more insights into the psychological interpretations.
Read more ›
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40 of 40 people found the following review helpful By Dr. Joe Duarte on November 4, 2001
Format: Paperback
As a professional money manager and author, I found this book a must have for the entire spectrum of investors.
Greg Morris is the Morris in murphymorris.com, the vehicle for technical analysis guru and frequent CNBC guest John Murphy, whose ongoing analysis and excellent history of prescient market calls places him in the Hall of Fame.
Candlestick charts are standard in most charting programs and have become the hallmark of day traders. But this is an ancient art from the Far East, which Greg was among the first to champion, and popularize. Greg studied the art in person while in Japan and learned not just the technique, but the cultural and more deeply rooted use of this useful form of analysis. It is this in depth knowledge, combined with Greg's conversational and easy to read style which makes this book a classic.
Greg is a trader, and makes this clear throughtout the book, sticking to the business at hand, and not reminiscing about his own personal glory, or useless anecdotes. The book is immediately useful and made a great difference in my own ability to analyze stocks and make trading decisions.
Especially useful and extremely important are the sections which deal with candlestick patterns which alert the trader as to potential upcoming changes in the trend. These have saved me many times, and have allowed me to both buy and sell correctly when other popular methods have not.
Just that is worth the price of the book.
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23 of 23 people found the following review helpful By Frank Kuo on February 18, 2002
Format: Paperback
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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