DESCRIPTION

(From The Jacket) - 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. "Trading With Candlesticks" explains how the leading candlesticks work, how they appear, and how to interpret them to discover emerging price moves and trend reversals, as well as confirmations of existing trends.

Thomsett presents 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 approach is 100% foolproof, Thomsett's system for recognizing and confirming candlestick signals makes technical analysis more accurate than it's ever been before.