Candlestick Charting: Profiting from Effective Stock Chart Analysis

ISBN-13: 9781501515804 / Angielski / Miękka / 2017 / 320 str.

Michael Thomsett

Spis treści

Chapter 1: The Basic Candlestick  1

The Origin and Meaning of the Candlestick  2

Strengths and Weaknesses of Candlesticks  7

Paper Trading as a Testing Ground  12

The Skills Every Trader Needs  15

Candlesticks: General Observations Concerning Their Use  19

Expanding the Information Pool Effectively  22

Chapter 2: Single Stick Signs  27

Uptrends and Downtrends  28

The Significance of a Candlestick’s Shape  31

Variations on the Bullish Long Candlestick  33

The Mistake Pattern  35

The Spinning Top, Hanging Man, and Hammer  41

Line Signals  44

The Significance of Tails  45

Chapter 3: Double Stick Moves  49

Two Reversal Moves: Engulfing and Harami  50

More Reversals: The Inverted Hammer and Doji Star  56

Gaps and Lines  60

Neck Lines, Crows, and Rabbits  68

Reversal and Confirming Moves—Relative Values  78

Chapter 4: Complex Stick Patterns  81

Reversal Trend Change Patterns  82

Inside and Outside Formations  88

Reversal Stars and Abandoned Babies  91

Line and Gap Continuation Signals  95

Tower Tops and Bottoms  105

Chapter 5: Reversal and Continuation Pattern Analysis  109

Strong Top and Bottom Signals  111

Stars, Kicks, Swallows, and Sandwiches  117

Matching and Star Reversals  126

Ladders and “Major” Reversals  130

Sakata’s Five Methods  134

Price Patterns with Low Reliability  142

Strong Price Line Reversals  150

Recognizing the False Signal  165

Chapter 6: Volume and Volatility  169

Volume as a Price Indicator  169

Volume Indicators  174

Testing Price Volatility  183

Triangles and Wedges  185

Chapter 7: Buy and Sell Set-Up Signals  193

Price Spikes and Reaction Swings  196

Percentage Swing Systems  200

Short-Term Gapping Behavior  202

Anticipating the Trend During Consolidation  206

The False Indicator  210

Support and Resistance in the Swing Trade  214

Chapter 8: Swing Trading with Candlesticks  219

A Swing Trading Overview  220

Quantifying Price Movement with Candlesticks  223

The Importance of Convergence and Divergence  226

Primary Trends and Candlestick-Based Entry or Exit  230

Set-Up Criteria and Action Points  234

Selling Short in Swing Trades  239

Chapter 9: Spotting Trends and Using Trendlines  243

Identifying the Trendline  244

Trendlines and Confirmation Signals  249

Applying Moving Averages to Candlestick Analysis  252

The Channel Line  254

Chapter 10: Technical Indicators  257

The Value of Confirmation  258

A Review: Technical Analysis Basics  261

The Significance of Gaps  264

A Framework for Interpretation: Support and Resistance  267

Overbought and Oversold Indicators  270

Relative Strength Index (RSI)  270

Stochastics  272

MACD  273

Bollinger Bands  274

The Potential of Candlestick Signals  278

Glossary  281

Index  297

O autorze

Michael C. Thomsett, Business and Investment Writer, Nashville, Tennessee, USA