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Candlestick Charting Explained

Note: The following information has not been updated by the vendor since 03/25/21.

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CATEGORY: BOOKS

Description

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Book title: Candlestick Charting Explained
Author: Gregory L. Morris
Publisher: McGraw Hill
Price: $37.95
Pages: 300
Last print date: 1995
Media: 
  • Paperback
Brief description: 

Perhaps the easiest ways to spot trends in the financial market is through the use of "candlesticks." It's simple. A white body indicates a bullish case and a dark body indicates a bearish case. What does that mean to you? This question and others are answered in Greg Morris' Candlestick Charting Explained. Put it to work for you and your investments. One of the many current market indicators used by investors, Japanese "candlesticks," which have been used for many centuries in Japan, have emerged as a powerful method for trading strategies in the Western market. Although Japanese candlesticks are similar in many respects to conventional charting techniques, they provide a great deal more information about the markets' underlying psychological conditions. Author Gregory L. Morris shares his experience spent in Japan studying Japanese candlestick analysis in this new book, CandlePower. As Morris delves into the theory, interpretation, and application of Japanese candlestick charting and candle pattern analysis, he shows how candlesticks can be used to identify trends, continuation patterns, reversal patterns, and tops and bottoms. He also integrates candle pattern analysis with conventional technical analysis tools such as oscillators and relative strength. After defining the inner workings of Japanese candlesticks, Morris applies a rigorous statistical test of candlestick patterns to determine their usefulness in trading. CandlePower takes a direct approach to a new and exciting dimension of technical analysis. It addresses the basics, but at the same time it explains in detail how to identify and use the candlestick patterns. Morris demonstrates what is perhaps the single most important attribute of candlesticks: how candle patterns can be used as a filter, in conjunction with other technical tools, to identify high reward, low risk trades.

Description

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