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Candlestick Charting Explained Timeless Techniques for Trading Stocks and Futures
ISBN: 1557388911     Date Published: 1995-07-01     Author(s): Gregory L. Morris
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Paperback
McGraw-Hill
300 Pages
 
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06/20/2013 01:34:03
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Editorial Review - Book Description:


Japanese candlesticks are one of the most important technical tools used in the market. Candlestick Charting Explained demonstrates how candlestick charts can be used to identify and anticipate price patterns in the financial and commodity markets. A comprehensive and authoritative overview, Candlestick Charting Explained describes how to combine candlestick charts with other technical tools to identify profitable trades. Clearly written and illustrated, this is a superb book for any trader who wants to master this powerful trading system.



Specific topics include:

  • Candlestick charts versus bar charts
  • Philosophy of candlestick pattern recognition
  • Reversal and continuation pattern recognition
  • Reversal and continuation patterns using candlesticks
  • Trading with candlesticks
 
Customer Review:
Total Reviews: (21)
  (10)      (5)      (3)      (1)      (2)
(3) Shared
 
77 of 77 People found the following review helpful.

at the price the best, August 15, 2002 ByGeorgina "tville" (san francisco, ca) - See all my reviews This review is from: Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures (Paperback) A great question is which is better: Nison or Morris? Nison is for those who use indicators; Morris is the purist using only volume. Reference book? Morris gives you the picture and the explanation in an easy format and an index to find it. He also breaks the candles into groups and types. This is the valuable part of the book. Who is more in depth? Well that's a tie with Morris winning slightly on candles & losing if you want to view the whole Japanese charting world, Kagi, Renko, 3 line break. Nison gives other Japanese charting types weight in the book which is good if you have Metastock bad if you don't. Personally I like the other methods. So why did I give Morris the nod? As a professional trader I can't really give away an edge except that Morris is more tuned towards stocks & gives hints that Nison did not. Nison is also a boring writer, better lecturer. Morris is a better writer, teacher. Remember Morris gives you everything and if...
 
109 of 112 People found the following review helpful.

Some more depth would be nice ..., July 25, 2000 ByOavde "oavde" (Australia) - See all my reviews This review is from: Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures (Paperback) I would more accurately give this book 3 1/2 stars ...I am a firm believer in Candlestick charting - not because it is foolproof, and not for some mystical ancient timeless qualities it possesses in predicting stocks. The simple fact is, it is much easier to recognise patterns by looking at a "candle" rather than looking at the western plot (which I find visually confusing, especially if the graphs are cramped). Using candlesticks has its flaws but overall I think it is a good way to view price data. The book: a bit light, however substantially more depth than anything I have found for free on the web, and I have found a lot. The book takes a pattern, shows you what is likely to happen next, explains deviations from normal and also tells you to what degree confirmation recommended. It is easy to use as reference.It gave me enough information to create my own computerised candlestick recognition software .. the book also contains statistics from their own...
 
40 of 40 People found the following review helpful.

Useful and Profitable From The First Line, November 4, 2001 ByDr. Joe Duarte "J. Duarte www.joe-duarte.com" (Dallas, TX USA) - See all my reviews This review is from: Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures (Paperback) As a professional money manager and author, I found this book a must have for the entire spectrum of investors.Greg Morris is the Morris in murphymorris.com, the vehicle for technical analysis guru and frequent CNBC guest John Murphy, whose ongoing analysis and excellent history of prescient market calls places him in the Hall of Fame.Candlestick charts are standard in most charting programs and have become the hallmark of day traders. But this is an ancient art from the Far East, which Greg was among the first to champion, and popularize. Greg studied the art in person while in Japan and learned not just the technique, but the cultural and more deeply rooted use of this useful form of analysis. It is this in depth knowledge, combined with Greg's conversational and easy to read style which makes this book a classic.Greg is a trader, and makes this clear throughtout the book, sticking to the business at hand, and not reminiscing about his own personal glory, or useless...
 
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