Candlestick Charts : An Introduction to Using Candlestick Charts

by Lambert, Clive

• ISBN13: 9781905641741
• ISBN10: 1905641745
• Format: Paperback
• Copyright: 2009-03-30
• Publisher: Ingram Pub Services

Summary

The aim of this book is to introduce candlestick analysis to anyone from an absolute beginner to an experienced market professional. The text is written to be simple enough for someone new to the topic, but shouldn't exclude those with more experience. The author's aim is to change the simple viewing of a candlestick chart into a search for the answer to the perennial question: "Who's controlling the market; the Bulls or the Bears?" Candlesticks are a fantastic way of getting a clear idea of market direction, and any changes that may be taking place in price trends. In this exciting new book, Clive Lambert walks you through what candlesticks are, the major patterns and the psychology behind them, using simple language that will appeal to all levels of ability. He then ends the book with his 10 Golden Rules. This book is a no-nonsense guide to the methodology and practical usage of this ancient Japanese charting technique.

Author Biography

Clive Lambert has been writing daily technical analysis for futures traders since 2000 as director of FuturesTechs. Previous to that he spent 12 years as a floor broker in the Stock Exchange and Futures markets. As a technical analyst he originally focused on financial futures, but thanks to the flexibility of candlestick charts has successfully translated his analysis into equities and commodities as well.

Table of Contents

Preface	p. v
Foreword	p. vii
Introduction	p. ix
What Are Candlesticks?	p. 1
A potted history	p. 1
Construction of candlestick charts	p. 2
The psychology of charts and trading	p. 9
Chapter summary	p. 11
What Candles Tell Us About The State Of Mind Of The Market	p. 13
Marabuzo v Doji candles	p. 13
Chapter summary	p. 18
Single Reversal Patterns	p. 19
An in depth look at the Hammer to see why this is a reversal signal, and such a strong one!	p. 19
More single candle patterns - Shooting Star, Hanging Man, Inverted Hammer	p. 34
Different types of Doji - Gravestones, Dragonflies, and the Rickshaw Man	p. 52
The importance of volume for confirming candlesticks and why candlesticks work whatever the market, whatever the time frame	p. 63
Chapter summary	p. 68
Multiple Reversal Patterns	p. 69
Engulfing patterns	p. 70
Bearish Engulfing Pattern	p. 70
Bullish Engulfing Pattern	p. 75
Dark Cloud Cover	p. 78
Piercing Pattern	p. 84
Bullish Harami	p. 87
Bearish Harami	p. 90
Bearish Star	p. 94
Bullish Star	p. 97
Evening Star	p. 100
Morning Star	p. 107
Marabuzo lines summary	p. 114
Continuation Patterns	p. 117
Rising/Falling Three Method and gaps	p. 117
Chapter summary	p. 124
The Real World - Practical Application	p. 125
Different time frames	p. 125
Using candlesticks in conjunction with support and resistance	p. 139
Combining candles with momentum studies	p. 147
Chapter summary	p. 162
Summing Up	p. 163
Ten Golden Rules When Trading Using Candlesticks	p. 165
Index	p. 167
Table of Contents provided by Ingram. All Rights Reserved.