Candlesticks Explained [Paperback]

Martin Pring (Author)

Book Description

Series: Martin J. Pring on Technical Analysis | Publication Date: June 2, 2002

An A-Z guide to the basic principles of Japanese candlesticks and other Eastern charting techniques and the ideal introduction to these increasingly popular techniques. Softcover. CD-ROM included.

Editorial Reviews

From the Back Cover

Candlestick Charting Is One of Today's Most Versatile and Popular Technical Trader's Tools

First used successfully by rice traders in eighteenth-century Japan, candlesticks have gained newfound popularity among today's fast-action breed of trader. Candlesticks Explained--a powerful, four-hour multimedia CD-ROM tutorial and workbook--offers a comprehensive analysis of the unique graphic traits and interpretive powers of candlestick charts. Complete with basic principles, market-proven techniques, and real-time examples of Japanese candlesticks and other Eastern charting techniques in action, it explains:

• Basics of candlestick construction
• Dojis
• Umbrella lines
• Spinning tops
• Reversal patterns
• Continuation patterns
• High-price and low-price gapping plays
• Blended candles
• Integrating candlesticks with Western charting
• Three-line break charts
• Renko charts
• Kagi charts
• Candle volume charts

McGraw-Hill's Martin Pring on Technical Analysis series is a unique combination of in-depth audio-visual CD-ROM tutorial and workbook, and is an excellent teaching tool for in-depth research, instant reference, and interactive review. It provides technical traders with remarkably accurate methods--proven effective in today's fast-moving markets--for anticipating and exploiting trends.

Actual examples of tusuki, harami, and other candlestick trading patterns

About the Author

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

Product Details

• Paperback: 352 pages
• Publisher: McGraw-Hill; 1 edition (June 2, 2002)
• Language: English
• ISBN-10: 0071384014
• ISBN-13: 978-0071384018
• Product Dimensions: 8.9 x 7.3 x 0.7 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,115,112 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

48 of 50 people found the following review helpful:

5.0 out of 5 stars Concise, Well Written, and Worthwhile, April 8, 2003

By 

Bruce Whitaker (Antioch, CA USA) - See all my reviews
(REAL NAME)   

This review is from: Candlesticks Explained (Paperback)

I'm quite pleased with the material presented in this book and the clarity with which it is presented. I don't know how much credit to give to Mr. Pring versus the charting method he illuminates, but Pring makes candlestick charting entirely accessible to any reader possessing the intellectual tools requisite for competent analysis and trading. To be certain, I'm much impressed with some of the advantages candlestick charting provides the trader over conventional western charting and so a good part of my favorable impression of this book may lie in my approval of the techniques that Pring describes.

My own trading style relies somewhat on technical analysis but is also heavily influenced by fundamentals and market psychology. What I found most attractive in Pring's candlesticks was the way in which he focused on what this or that pattern revealed about the attitudes of market participants not just from day to day, but more importantly during the day. As a swing trader, I find this approach absolutely essential in detecting shifts in sentiment on a relatively short term basis, but in a broader context than within the electronic strictures of pure day trading.

Above all else, I give Pring credit for simplifying this analytical technique down to its basic components and including excellent descriptions and charts. While I'm inclined to conclude that most Technical Analysis books are overpriced, I believe that any book that can give the trader reliable new tools is ultimately worth the price. I believe this book fits in that category. I recommend this volume to anyone who desires more than rudimentary knowledge of candlestick charting. I doubt that any discussion of candlestick charting extending beyond Pring's teaching would really add much to the topic. I highly recommend this particular volume.

3 of 4 people found the following review helpful:

3.0 out of 5 stars Good effort.Fair book, March 25, 2006

By 

Ronald Howard "trini" (Dallas, Tx USA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Candlesticks Explained (Paperback)

This book is for beginners,the tex is very good ,the cd
repeat what's in the book,but don't expect to learn everything you need to know about candlestick from this book.This is just a starter.Fair book.