Encyclopedia of Chart Patterns (Wiley Trading) (Hardcover)

by Thomas N. Bulkowski (Author) "Price trend is downward leading to the formation..." (more)
Key Phrases: volume trend performance, change after trend, downward breakouts, Dec Jan, Jul Aug Sep Oct, Down Breakout Bear Market (more...)

Editorial Reviews

Review
"Trading Classic Chart Pattern ist zusammen mit Encyclopedia of Chart Pattern der erste wirkliche Fortschritt seit der Basisarbeit, die von Edwards und Magee vor mehr als 50 Jahren geleistet wurde."
Der Aktive Trader, Nr. 10, Oktober 2002 --This text refers to an out of print or unavailable edition of this title.

Product Description
In this revised and expanded second edition of the bestselling Encyclopedia of Chart Patterns, Thomas Bulkowski updates the classic with new performance statistics for both bull and bear markets and 23 new patterns, including a second section devoted to ten event patterns. Bulkowski tells you how to trade the significant events -- such as quarterly earnings announcements, retail sales, stock upgrades and downgrades -- that shape todays trading and uses statistics to back up his approach. This comprehensive new edition is a must-have reference if you're a technical investor or trader. Place your order today.

"The most complete reference to chart patterns available. It goes where no one has gone before. Bulkowski gives hard data on how good and bad the patterns are. A must-read for anyone that's ever looked at a chart and wondered what was happening."
-- Larry Williams, trader and author of Long-Term Secrets to Short-Term Trading

See all Editorial Reviews

Product Details

• Hardcover: 1032 pages
• Publisher: Wiley; 2 edition (May 2, 2005)
• Language: English
• ISBN-10: 0471668265
• ISBN-13: 978-0471668268
• Product Dimensions: 9.9 x 7.3 x 1.7 inches
• Shipping Weight: 3.8 pounds (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars See all reviews (46 customer reviews)
• Amazon.com Sales Rank: #12,334 in Books (See Bestsellers in Books)

  Popular in these categories: (What's this?)

  #3 in	Books > Reference > Encyclopedias > Business
  #10 in	Books > Business & Investing > Investing > Commodities
  #48 in	Books > Business & Investing > Investing > Futures

Customer Reviews

Most Helpful Customer Reviews

72 of 72 people found the following review helpful:

5.0 out of 5 stars Regarding inaccurate statistics, August 24, 2000

By	Barry Rudd - See all my reviews

This review is from: Encyclopedia of Chart Patterns (Wiley Trading) (Hardcover)

I don't even know Mr. Bulkowski, but I felt compelled to write this review. One particular reviewer points out a few apparent discrepancies in this 672 page volume of research. It does not matter whether you are an author or have been published in trading-related magazines.

The reviewer sarcastically poses that since the "rectangle bottom" stats on page 659 portray a zero faulure rate, that traders can get rich and never lose money!

If you truly read the entire text, including Mr. Bulkowski's opening remarks that define his fresh statistical-analysis approach, then everything falls into place.

Furthermore, the author addresses the "zero loss stat" for the rectangle formation on pages 440 and 444. He states that the "sample size" was small for this pattern and said: "Let me emphasize that because I did not find any failures of rectangle patterns with upside breakouts does not mean there are none."

This is a good and comprehensive book with a very fresh statistical approach for analyzing classic (and newer) bar chart formations. There is a wealth of information addressing each of the many patterns. It is offered up to the reader as copious amounts of quantified data that any trader/investor can draw from to incorporate into his or her own trading.

I too am an author, and I trade stocks full-time for a living. This book is a great resource and fits in the top 15 T.A. books of which I own roughly 300.

Yeah, he called a "dogi" a "hanging man." To me that doesn't detract from the other 671 pages.

Buy it, read it and use it!

67 of 70 people found the following review helpful:

5.0 out of 5 stars A New Perspective on Chart Patterns, July 15, 2005

By	Guang Lu (Gaithersburg, MD USA) - See all my reviews (REAL NAME)

Many years ago, when I was a college student in China, one of my most enjoyable moments was to sit in library reading Encyclopedia Britannica, which always gave me new perspectives for the world. It was natural that the title of this book attracted my attention and I bought it immediately. What a wonderful reference book to add to my trading library! I only wish I had it before the market crashed in 2000, when I lost all my trading accounts.

This reader-friendly book consists of Part One Chart Patterns (53 chapters) and Part Two Event Patterns (10 chapters). Each chapter focuses on a specific chart pattern with informative details. The RESULTS SNAPSHOP and TOUR are very useful to give readers a general idea of each chart pattern. The IDENTIFICATION GUIDELINES and TRADING TACTICS give readers a practical trading guide. The STATISTICS shows the author's new approach to analyze each chart pattern scientifically. The SAMPLE TRADE is a fictitious story to illustrate a trading circumstance. The FOCUS ON FAILURES provides necessary warnings for each chart pattern. All the technically complicated information is smartly rendered in layperson's language. I think if every trader (day traders, swing traders, position traders, and buy-and-hold investors) reads this book, we will be on the same page and will act similarly. Then, our trading will become more consistently profitable.

Of course, this is not a book to read from cover to cover. Instead, it is a must-have reference book. Any time I found a chart pattern showing a potential for profits, I checked it with this encyclopedia and designed a proper plan to trade with the pattern. This way, I learned while I earned. However, this book is not a crystal ball, but a great trading tool, which you should master. Should we ask more from a book?

Guang Lu, Ph.D.

47 of 48 people found the following review helpful:

5.0 out of 5 stars Essential, an authentic classic, February 29, 2000

By	Animal Lover (CT USA) - See all my reviews

This review is from: Encyclopedia of Chart Patterns (Wiley Trading) (Hardcover)

I have been using statistical techniques for many years and thought most "patterns" are mostly in the eye of the beholder. I have yet to see a head-and-shoulders. But some patterns are so obvious that recently I have looked for definitions and explanations. This author not only provides them, but also has done the heavy lifting of testing 500 securities over 5 years in order to say how often each pattern is successful, how much you are likely to make from it, etc. This has never been done before and is very useful. "Encyclopedia" went to my top 10 technical analysis list in the first ten minutes I had it. It will be the most dog-eared book since Edwards and Magee.