Book 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.
Table of contents
- Title
- Contents
- Introduction
- Part I : Getting Familiar with Candlestick Charting and Technical Analysis
- Part II : Working with Simple Candlestick Patterns
- Part III : Making the Most of Complex Patterns
-
Part IV : Combining Patterns and Indicators
- Chapter 11: Using Technical Indicators to Complement Your Candlestick Charts
- Chapter 12: Buy Indicators and Bullish Reversal Candlestick Patterns
- Chapter 13: Sell Indicators and Bearish Reversal Candlestick Patterns
- Chapter 14: Using Technical Indicators Alongside Bullish-Trending Candlestick Patterns
- Chapter 15: Combining Technical Indicators and Bearish-Trending Candlestick Patterns
-
Part V : The Part of Tens
-
Chapter 16: Ten Myths about Charting, Trading, and Candlesticks
- There’s No Difference between Candlesticks and Bar Charts
- Market Efficiency Makes It Impossible to Beat the Market over the Long Run
- Only a Full-time Professional Can Make Money in the Markets
- Technical Analysis Is Nothing More Than Reading Tea Leaves
- Charting Is for Short-Term Traders Only
- You Must Be Rich to Start Trading
- Trading Is an Easy Way to Get Rich Quick
- Candlestick Charts Require More Data and Are More Difficult to Create
- The Trading Game Is Stacked against the Small Trader
- Selling Short Is for Professional Traders Only
-
Chapter 17: Ten Tips to Remember about Technical Analysis
- Charts Can Give False Signals
- People Will Give You a Hard Time
- There’s No Definite Right or Wrong Opinion of a Chart
- A Single Chart Doesn’t Tell a Whole Story
- Charting Is Part Science, Part Art
- You Can Overdo It
- Develop a Backup System
- Error-Free Data Doesn’t Exist
- No System Is Silly As Long As It Works
- Past Results Don’t Always Predict Future Performance
-
Chapter 16: Ten Myths about Charting, Trading, and Candlesticks
- : Further Reading
Product information
- Title: Candlestick Charting For Dummies®
- Author(s):
- Release date: April 2008
- Publisher(s): For Dummies
- ISBN: 9780470178089
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