Encyclopedia of Chart Patterns

[Soultrader 12]

From the Inside Flap

 

The Encyclopedia of Chart Patterns, recognized as the premier reference on chart pattern analysis, extends its lead with this Second Edition. This definitive text includes new bull and bear market statistics, performance sorted by volume shape and trend, more than a dozen additional chart patterns, and a new section covering ten event patterns. Significant events—such as earnings announcements, stock upgrades and downgrades—shape today's trading, and Bulkowski gives readers the best information on what happens after those events occur. He also shows you how to trade them and uses reliable statistics to back it all up.

 

In each chapter of Encyclopedia of Chart Patterns, Second Edition you'll learn the following about each pattern:

• Results Snapshot—A statistical summary of pattern behavior, including its performance rank, breakeven failure rate, average rise or decline—all separated by breakout direction and market type (bull or bear)
  
• Tour—A broad introduction to the pattern
  
• Identification Guidelines— Characteristics to look for
  Focus on Failures—What failed patterns look like, why they failed, and how to avoid them
  
• Statistics—The numbers and what they tell you, separated into bull/bear markets and breakout direction, including average rise or decline, failure rates, volume shapes, performance by size, and busted pattern performance
  
• Trading Tactics—Strategies to increase profits and minimize risk
  
• Sample Trade—Puts it all together, showing the chart pattern in action, with hypothetical or actual trades using real data
  
• For Best Performance—A table of selection tips to boost performance
  

 

Encyclopedia of Chart Patterns, Second Edition also includes summary tables ranking chart- and event-pattern performance for easy reference; a glossary; a chapter on methodology explaining what each statistical table entry means and how it was calculated; and a visual index to make chart pattern identification a snap.

 

The result is today's most comprehensive and valuable technical analysis reference—one that will save you critical time in identifying chart patterns and increase your likelihood of buying near the price bottom and selling near the top.

[TheNegotiator 13]

Possibly one of the most underrated trading books of all time. This book is packed with statistical data of every type of technical chart pattern in both bear and bull markets. Bulkowski explains how to trade these patterns with precise measuring rules for exit points. If you are a technical trader this book is a must read. Bulkowski includes a section called "Focus on Failures" for each pattern. From pure technical information, Bulkowski explains how to anticipate such pattern failures. He also points out several patterns that will help traders identify a pattern failure in place.

 

If you are a technical trader based on price patterns this is a true gem to your trading library. This is a great reference book for traders of all levels.