Trading with Candlesticks by Michael C. Thomsett
Visual Tools for Improved Technical Analysis and Timing

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Synopsis

Traders who use charts to time their moves rely on strong and clear signals. Unfortunately, price levels and traditional technical indicators alone aren't always reliable. There is a solution: candlestick signs, moves, and patterns. When these visual signs of reversal or continuation are integrated with other signals, they provide the strongest possible entry and exit timing: both the signal and the means for confirming it. In this easy-to-use book, renowned trader Michael C. Thomsett demystifies candlesticks and shows active traders exactly how to use them. In Trading with Candlesticks, Thomsett explains how each leading candlestick works, how they appear, and how to interpret them to discover emerging price moves and trend reversals, as well as confirmations of existing trends. Trading with Candlesticks shows dozens of examples of candlestick signs, moves and patterns in action, explaining them not in isolation, but as part of broader, developing price trends on real stock charts. Thomsett also discusses failed signals, and offers guidelines for identifying the likely impending failure or success of each pattern. While no investing approach is 100% foolproof, Thomsett's system for recognizing candlestick signals and confirming them with other technical signs makes technical analysis more accurate than it's ever been before.

 

About Michael C. Thomsett

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Michael C. Thomsett has authored more than 70 financial books, including The Options Trading Body of Knowledge; Options Trading for the Conservative Investor, Second Edition; "Put" Option Strategies for Smarter Trading; Winning with Options; The LEAPS Strategist; and the best-selling Getting Started in Options, now in its 8th edition with 250,000+ copies sold. His book The Investment and Securities Dictionary was named by Choice as an Outstanding Academic Book for 1988. Before starting his professional writing career in 1978, Thomsett was an accountant. He has actively traded options since the mid-1970s.
 
Published August 4, 2010 by FT Press. 256 pages
Genres: Business & Economics, Professional & Technical. Non-fiction

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