Bloomberg Visual Guide to Candlestick Charting

Bloomberg Visual Guide to Candlestick Charting

"Another winner from Michael Thomsett! Many traders consider candlestick charting a difficult subject to master, but the Bloomberg Visual Guide to Candlestick Charting has made it easy. The interactive quality of this book makes a complicated topic come alive. Michael′s enthusiasm leaps off the page I didn′t want to put it down."
Marty Kearney, Options Institute,Chicago Board Options Exchange

"The Bloomberg Visual Guide to Candlestick Charting is truly a comprehensive reference for any trader who wants fast access to the essence of candlestick indicators. The visual approach taken by the author makes the topic user–friendly and valuable."
Julie Schoerke, principal of JKSCommunications, A Literary Publicity Firm

"Michael Thomsett articulates how candlestick interpretation reduces trading risks, improves timing, and assists individuals in managing their portfolios effectively. This book is designed for ease of use and I recommend it highly. I would also recommend the book to the thousands of members of the GlobalRisk community who know Michael as the top blogger and trainer."
Boris Agranovich, founder of GlobalRisk community

"It is refreshing to find a book that tackles a complex topic like candlestick chart interpretation and makes it crystal clear. Every chartist and technician should keep this book close at hand. The alphabetical and visual combination makes this the book of choice on candlestick charting."
Michelle Lemmons–Poscente, Chairman of the International Speakers Bureau

The Bloomberg Visual Guide to Candlestick Charting is designed for anyone who wants to know more about this effective way of visualizing price movements. Written by acclaimed financial expert Michael C. Thomsett, the book serves as a guide to the most frequently used charts. Arranged in an easy–to–use manner, it provides a quick reference for those looking to learn more about candlestick charts as well as those entering the field for the first time. Highly visual and arranged alphabetically, the book features over two hundred candlestick and related terms, making it an invaluable resource that presents sometimes confusing concepts in a format that is easy to understand and digest.

The Bloomberg Visual series covers today′s most relevant finance and trading topics ina comprehensive, yet easy–to–follow style.The content truly lives up to the series nameby examining concepts in a highly visualmanner all charts are in color and presented in a large format for ease of use. Other strong visual attributes include consistent elements that function as additional learning aids for the reader, such as: Key Points, Definitions, Step–by–Step, Do It Yourself, and Bloomberg Visual series functionality.

And for e–reader users, the Bloomberg Visual series is available as an enhanced e–bookoffering special features, like a Test Yourself section where you can test your newly honed knowledge and skills. The enhanced e–book version also includes video tutorials and special pop–up features. It can be purchased wherever e–books are sold.

Introduction: The Value of Candlestick Charting vii

Chapter 1: Types of Charts 1

Chapter 2: The History of Candlesticks 11

An Era of Commerce and Growth 11

The God of the Markets 12

Candlesticks Come to America 13

Chapter 3: Candlesticks and Their Attributes 15

The Importance of Long Candlesticks 18

The Opposite: The Extremely Narrow–Range Session 18

Attributes Missing in Candlestick Analysis 19

Chapter 4: Pitfalls of Candlesticks 21

Chapter 5: Confirmation 29

Chapter 6: The Six Basic Candlesticks 31

Chapter 7: Candlestick Alphabetical Entries 36

Chapter 8: Noncandlestick Confirmation Indicators and Terms 246

Appendix: Bloomberg Functionality Cheat Sheet 370

Bibliography 371

Index 372

Michael C. Thomsett is a financial writer with over sixty books and hundreds of articles to his credit, including the eight editions of Getting Started in Options, as well as Getting Started in Swing Trading, Getting Started in Fundamental Analysis, Getting Started in Property Flipping, and Getting Started in Rental Income. He has been a management consultant in the securities industries and is an active options trader.