Candlestick Charting For Dummies (Kindle Edition)

by Russell Rhoads (Author)

Editorial Reviews

Product Description

Want to gain a trading edge with candlestick charts? Find them a little confusing? No worries! Candlestick Charting For Dummies sheds light on this time-tested method for finding the perfect moment to buy or sell. It demystifies technical and chart analysis and gives you the tools you need to identify trading patterns — and pounce!

This friendly, practical, guide explains candlestick charting and technical analysis in plain English. In no time, you’ll be working with common candlestick patterns, analyzing trading patterns, predicting market behavior, and making your smartest trades ever. You’ll discover the advantages candlestick has over other charting methods and learn the secrets of combining it with other technical indicators. You’ll also get familiar with different ways to display and interpret price action, including trend lines, support levels, resistance levels, moving averages, and complex indicators. Discover how to:

• Construct candlestick charts
• Identify and interpret basic patterns
• Trade in bull and bear markets
• Work with complex patterns and indicators
• Avoid False signals
• Understand the components of market activity
• Deal with bullish or bearish single-stick, two stick, and multistick patterns
• Identify and interpret complex patterns
• Use indicators to determine the market
• Outperform the market in any conditions

Don’t know whether to grab the bull by the horns or just grin and bear it? Read Candlestick Charting For Dummies and get it right the first time.

From the Back Cover

Packed with charts and real-world trading examples

Translate candlestick patterns and use them to predict market behavior

Want to gain a trading edge with candlestick charts, but find them confusing? No worries — this friendly, practical guide explains candlestick charting and technical analysis in plain English. You'll see how to work with common candlestick patterns and analyze data to make smart trading decisions. You'll also combine patterns with other indicators for more profitable trading!

Discover how to:

• Construct candlestick charts

• Identify and interpret basic patterns

• Trade in bull and bear markets

• Work with complex patterns and indicators

• Avoid false signals

See all Editorial Reviews

Product Details

• Format: Kindle Edition
• Print Length: 360 pages
• Simultaneous Device Usage: Up to 4 simultaneous devices, per publisher limits
• Publisher: For Dummies (April 7, 2008)
• Sold by: Amazon Digital Services
• ASIN: B001QCXTMC
• Average Customer Review: 4.7 out of 5 stars  See all reviews (7 customer reviews)
• Amazon.com Sales Rank: #14,838 in Kindle Store (See Bestsellers in Kindle Store)

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Customer Reviews

Most Helpful Customer Reviews

9 of 10 people found the following review helpful:

5.0 out of 5 stars One of the best books I've read on charting and technical analysis, February 17, 2009

By	Cylack Jones "Cylack" (Durham, NC USA) - See all my reviews

This review is from: Candlestick Charting For Dummies (For Dummies (Business & Personal Finance)) (Paperback)

I'm just learning how to trade options. I was never a technician since I relied on fundamental analysis. I've read about 5 books so far on charting and technical analysis and this book was the best. Other books tended to bog me down with tons of extraneous details. This books presents the essentials in a concise manner. The author here first goes through all the major candlestick patterns. He then explains what he considers the most important technical signals - Moving average, Wilder's RSI, Stochastics, and Bollinger Bands. The last part of the book is integrating everything together with several mini-case studies.

In summary, a must read for someone starting out in candlestick charting and technical analysis.

9 of 10 people found the following review helpful:

5.0 out of 5 stars Written for people like me, April 29, 2008

By	Keith K. Krause "Keith K" (Chicago, IL USA) - See all my reviews (REAL NAME)

This review is from: Candlestick Charting For Dummies (For Dummies (Business & Personal Finance)) (Paperback)

I have found many technical analysis books are written with too much jargon and are difficult to understand for the non-professional. This book simplifies everything in a well written and comprehensive guide for the layperson looking to learn about candlestick charting technical analysis.

8 of 10 people found the following review helpful:

5.0 out of 5 stars Informative, April 18, 2008

By	McKenzie Aiken Crisp "McKenzie" (Hampton Cove, AL) - See all my reviews

This review is from: Candlestick Charting For Dummies (For Dummies (Business & Personal Finance)) (Paperback)

I found this book informative. I have been interested in candlestick charting for years and I was not able to find a text that could give me simple, clear, and concise information until Candlestick Charting for Dummies. This book is just what I needed.