Review
"A great achievement that fills a void for everyone who uses charts. Bulkowski has taken an intelligent and thoughtful approach to producing a practical guide to evaluating chart formations." --
Perry Kaufman, Author of Trading Systems and Methods, Third Edition"Encyclopedia of Chart Patterns is a book I have wanted to see published for many years. It brings together the patterns found in many diverse charting methods and adds the valuable dimension of performance statistics, trading tactics, and behavioral characteristics of each pattern. It is a valuable contribution to existing literature on charting and should be considered an indispensable reference by any serious chart trader." --
Edward D. Dobson, President, Traders Press Inc"Having worn out my 1948 first edition of Edwards and Magee's Technical Analysis of Stock Trends, I thought I knew a lot about chart patterns. Thomas Bulkowski's Encyclopedia of Chart Patterns showed me how much more there is to learn. Meticulously researched, complete, and insightful, the Encyclopedia has earned a permanent place on my trading desk as a highly valued resource." --
Thomas A. Bierovic, Manager, Strategy Testing & Development, Omega Research, Inc"Not since Edwards and Magee has someone put together so comprehensive an assemblage of market behavior expressed graphically. That you also get a solid statistical assessment of the results of these chart formations is an unexpected and invaluable bonus. No chartist should be without this book." --
John Sweeney, Interim Editor, Technical Analysis of Stocks & Commodities
Book Description
Technical chart analysis has never been easy. It has, however, been historically successful, and well worth the added effort for dedicated investors who want to presage what a stock will do next and regularly beat the markets.
Encyclopedia of Chart Patterns represents the next step in technical analysis. This definitive text details over 50 chart patterns that signal whether a stock is in bullish, bearish, or neutral mode. It identifies each chart pattern, explains how and why each chart was formed, and where it will go next. You simply filter the information through your own trading style a nd strategy, watch for the optimal entry and exit points, and trade the market s with skill and confidence.
The step-by-step chapters in Encyclopedia of Chart Patterns reveal for each pattern:
*Results Snapshot -- At-a-glance data on chart appearance, average rise or decline, failure rate, and price prediction accuracy
* Broad introduction to the pattern Identification Guidelines
* Characteristics to look for and why
* Focus on Failures: What failed patterns look like, why they failed, and what to do
* Statistics: The numbers, and what they tell you
* Trading Tactics: Implementation strategies for maximizing profit while minimizing risk
* Sample Trade: The chart pattern in action,with hypothetical trades using real data
With the proper knowledge and understanding, chart pattern analysis can be one of today's easiest to use 'investing tools.' Encyclopedia of Chart Patterns presents the technical analysis tools, then reveals the secrets, such as average failure rates, most likely gain or loss, volume trends, and surprise findings as you use the tools to build a portfolio of wealth. Th e result is today's most valuable technical analysis reference, one that will save you critical time in identifying chart patterns and increase your likelihood of buying near the price bottom and selling near the top.