Candlestick Charting Demystified

by Wayne A. Corbitt

Overview

An easy-to-use self-teaching guide to help you make more informed investing decisions

Simple enough for a novice but challenging enough for a veteran, Candlestick Charting Demystified presents investors with step-by-step self-learning guide to mastering technical analysis of price movements in securities, derivatives, or currencies.

Inside you will find:

• Tips, insights, strategies, and techniques to drive home key price charting principles and theories
• Hundreds of brand-new quiz and test questions with answer keys, similar to those used in standardized scholastic exams
• Chapter-opening objectives that give you insight into what you are going to learn in each step
• Questions at the end of every chapter that reinforce your learning and pinpoint your weaknesses
• "Still Struggling?" icons that offer specific recommendations for those difficult subtopics

Product Details

ISBN-13:	9780071799874
Publisher:	McGraw Hill LLC
Publication date:	11/30/2012
Series:	Demystified
Edition description:	Net
Pages:	240
Product dimensions:	7.40(w) x 9.10(h) x 0.50(d)

Table of Contents

Introduction vii

Chapter 1 The Case for Candlesticks 1

Buy and Hold Leads to Unnecessary Losses 1

Trader Psychology 4

History of Candlestick Charting 6

Summary 7

Chapter 2 Candlestick Charting in Technical Analysis 11

The Role of Technical Analysis in Trading 12

Charting Styles 15

Summary 20

Chapter 3 Candlestick Construction and Basic Candle Lines 23

Candlestick Construction and Components 23

Candle Types 26

Summary 33

Chapter 4 Candlestick Reversal Patterns 37

Strong Signal Patterns 38

More Subtle Patterns 57

Summary 74

Chapter 5 Candlestick Continuation Patterns 79

Windows 80

Tasuki Gaps 82

Separating Lines 85

Neck Lines 88

Thrusting Lines 93

Rising and Falling Three Methods 96

Summary 99

Chapter 6 Sakata's Strategies and Longer Term Candle Patterns 103

Sakata's Strategies 104

Longer Term Candle Patterns 116

Summary 126

Chapter 7 Basic Technical Analysis 129

Trends 130

Support and Resistance 139

Gaps 150

Summary 154

Chapter 8 Candlesticks and Momentum Indicators 157

Momentum Indicator Basics 158

Oscillators 158

Summary 184

Chapter 9 Candlesticks and Volume 187

Volume Patterns 188

Money Flow Index 193

Accumulation/Distribution Line 195

Chaikin AD Oscillator 198

Chaikin Money Flow 200

Volume Percent Positive 202

Summary 207

Chapter 10 Weight of the Evidence-Trading Examples 211

Trade Presentation Format 212

Summary 224

Conclusion 229

Final Exam 231

Answers to Quizzes and Final Exam 237

Index 239