Encyclopedia of Chart Patterns

by Thomas N. Bulkowski

in Books / Technical Analysis, Trading

Review by John Sweeney, Interim Editor, Technical Analysis of Stocks & Commodities Magazine

"Not since Edwards and Magee has someone put together so comprehensive an assemblage of market behavior expressed graphically. That you also get a solid statistical assessment of the results of these chart formations is an unexpected and invaluable bonus. No chartist should be without this book."

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.

Publisher: John Wiley & Sons

Publish date: 2005-05-24

Edition: 2nd Edition edition

Format: Hardback

Pages: 1032

Isbn: 0471668265

Ranked #29 of 172 Books



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Sep 05, 2014

Classic as reference book of chart patterns

Book full of details relating to chart patterns and how to think statistically while trying to take advantage of using these repetting patterns to make profits.
As a reference book, it is important to know the content of the whole book and read the parts that are of immediate interest. as reading it from cover to cover might be very taxing on the brain, though without a doubt it is a book to be taken seriously and will bring benifits.

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