Product 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 and strategy, watch for the optimal entry and exit points, and trade the markets 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

Tour – 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. The 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.

Product Details

• Amazon Sales Rank: #810454 in Books
• Published on: 2000-02-15
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 688 pages

Review
"Trading Classic Chart Pattern ist zusammen mit Encyclopedia of Chart Pattern der erste wirkliche Fortschritt seit der Basisarbeit, die von Edwards und Magee vor mehr als 50 Jahren geleistet wurde."
Der Aktive Trader, Nr. 10, Oktober 2002

John Sweeney, Interim Editor, Technical Analysis of Stocks & Commodities
"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."

Edward D. Dobson, President, Traders Press Inc
"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."

Customer Reviews

essential to own - even more so than Edwards & MaGee !
I have read many books from the library on charts, but this is book is the one which it is essential to own - even more so than Edwards & MaGee ! One of the main dangers with charting is imagination - trying so hard to see patterns that you stretch the chart to fit what you would like to see. Bulkowski has analysed chart patterns using a computer, which means that he had to define the patterns with complete clarity. For each pattern he has a full definition which will leave you in no doubt as to whether your stock chart fits the pattern or not. If it does then he has precise statistics as to how often it works or fails, and Trading Tactics listing the various ways of using such a pattern once you have found it. This is far cry from all other charting books I have seen. For example, O'Neil's book 'How to make money in Stocks' makes much of the cup-and-handle formation, but I always found that his definition, spread over several pages, and his examples difficult to translate into reality. Bulkowski shows why - one of O'Neil's examples doesn't actually fit O'Neil's own definition. Bulkowski has therefore had to define the formation more precisely and then the statistics apply to this, more precise, definition. If you are new to charting then Edwards & MaGee is a good start, but R.Schabacker 'Technical Analysis and Stock Market Profits' (the book from which E & M drew their material) is better. Once you have taking charting on board then you will want to refer to Bulkowski's book over and over again.

Great book
Bulkowski did the great job by writing this book. You will find 52 patterns, sorted, listed and analyzed correctly and usefuly in 672 pages. Great thing are his advices on strategy, not only data and tables. But the best thing in book is the index with small "icon" preview of each pattern and tables wich sort patterns in different ways, like largest likely retrace, smallest failure rate, highest average rise, top ten performing (bull./bear.) patterns... You must have it.

Indispensable guide for any trader
An absolutely outstanding book that covers the whole breadth of chart formations. It is a rarity amongst trading books in that whilst most other books are content to give you a view as to whether something is 'bearish' or 'bullish', this book actually tells you what percentage of formations are likely to be successful. It also gives clear identification guidelines for each formation. It is very well organised. Whilst a little pricey, I think it is a must for every serious investor interested in increasing his/her probability of success.