Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits (Hardcover)

by Stephen W. Bigalow (Author)
Key Phrases: candlestick signals, black candle forms, black candle day, Pattern Psychology After, Signal Enhancements, Hanging Man (more...)

Editorial Reviews

Review
"...this book is unquestionably destined to become a classic technical analysis reference book for years to come..." -- erivativesreview.com, 16 July 2002

Product Description
Profitable Candlestick Trading

Pinpointing Market Opportunities to Maximize Profit

Misunderstood by investors for years, Japanese Candlestick charting and analysis has been described as too complicated to learn and too labor-intensive. Now, Candlestick trading expert Stephen Bigalow dispels these notions and demystifies the process of this valuable and successful technical analysis tool in Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profit.

In accessible and easy-to-understand language, this book bridges the gap between past wisdom and contemporary practice to give any level of investor a complete understanding of this proven, profitable, and time-tested investing technique.

"A superb exposition of Japanese Candlesticks: the oldest method of technical analysis developed more than 400 years ago. The book offers a thorough review and evaluation of this increasingly popular method of market analysis. A great source of information both for an experienced trader and a novice in this field."
–Vincent Kaminski
Managing Director, Enron Corp.

See all Editorial Reviews

Product Details

• Hardcover: 320 pages
• Publisher: Wiley; 1 edition (December 21, 2001)
• Language: English
• ISBN-10: 047102466X
• ISBN-13: 978-0471024668
• Product Dimensions: 10 x 7.2 x 1.2 inches
• Shipping Weight: 1.6 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars See all reviews (47 customer reviews)
• Amazon.com Sales Rank: #169,444 in Books (See Bestsellers in Books)

  Popular in this category: (What's this?)

  #67 in

  Books > Business & Investing > Investing > Commodities

Customer Reviews

Most Helpful Customer Reviews

119 of 123 people found the following review helpful:

5.0 out of 5 stars Best Practical Candlestick Book, October 16, 2002

By	Yannick Salgleda "Yannick" (Charlotte, NC United States) - See all my reviews

This book is the third Candlestick book that I have read cover to cover. The previous two were Steve Nison's two Candlestick books. While Nison's books were excellent and extremely easy to understand, this book concentrates on strategy for making money and gives more trading insights. I have been making money even in this bear market using the trading signals described in the book.

The system is simple...use stochastics to confirm candle signals to ensure that you always buy oversold stocks and sell short oversold stocks. If you are a disciplined trader and wait for confirmation of the signals you can be profitable more than 75% of the time and your losses from your losing trades will be minimal if you keep tight stops - A must in these market conditions.

There is a huge amount of overlap in Nison's and this book but I would still recommend all three as there is always some different points in each.

69 of 74 people found the following review helpful:

5.0 out of 5 stars Destined to Become a Classic in the Investment Literature!, March 14, 2002

By	J. Daryl Thompson (Houston, Texas United States) - See all my reviews

The art of using Japanese Candlestick charts as a means to finding potential investment ideas has often been considered to be an arcane, complicated process, to be used by only the most sophisticated investors. This has now changed. Mr. Bigalow has truly revealed all the "tricks of the trade" within this book and the companion website.

This book not only illustrates and explains every Candlestick signal investors need to know, but the underlying psychology that creates the signals in the first place is also revealed to the reader. But learning and knowing the signals, and understanding how the signals are created, are not of much use unless the investor also has a quick and easy way to FIND the signals on a regular basis. Using a very popular, inexpensive charting service, Mr. Bigalow shows how to set up the software filters so that thousands of stocks can be analyzed, and only the Candlestick charts with the highest profitability potential will be displayed. This search process can be done in a matter of minutes. To my knowledge, this has never been explained in any other book.

Mr. Bigalow goes on to explain how to use Candlesticks along with your other favorite technical analysis tools to enhance your trading, why Stochastics are the best single tool to use with Candlesticks, how to identify the "false" signals, how to maximize profits and minimize losses, and "The Ultimate Investment Program", known to only a handful of sophisticated investors until now.

By reading and putting into practice the techniques explained in this book and the website, investors truly can "Revolutionize Their Investor Psychology".

HIGHLY RECOMMENDED for both novice and sophisticated investors.

32 of 32 people found the following review helpful:

5.0 out of 5 stars Candlesticks Clarified, March 7, 2002

By A Customer

I have been fascinated by candlesticks for years but I never had the knowledge or confidence to properly apply the candlestick methodology until I read "Profitable Candlestick Charting". In the past I would see what I thought was a candlstick pattern, but I was never quite sure of the implication of the pattern. Steve Bigalow not only clearly explains how to recognize each reversal or continuation candlestick pattern, but also shows how candlsticks depict the battle between the buyers and sellers and how quickly the market's perception of a stock can change and be recognized by candlestick analysis. Most importantly, he shows how to combine candlestick analysis with stochastics to not only set up high probability trades, but also establishes clear entry and exit rules to limit losses and maximize profits on those trades. In summary, a superb book which brings objectivity to a subjective subject.