Rating: 
- For Intermediate to Advanced Traders
As with most of my reviews, my intent is to tell you whether a book is worth the money or not. If you are a beginning trader/investor, spend your money elsewhere (see some of my other reviews on market books.) If you are interested in getting more into the details of charts and technical analysis, specifically 'candlestick charts', then this is the book to have.
Steve is considered the 'Father' of Candlestick charting in the US and probably the westerm hemisphere. He pretty much single-handedly brought the concept here from Japan. So,if you want to learn about something, might as well learn from the horse's mouth.
Do you need to understand how candlestick charts work and how to use them in order to be a successful trader? If you are only investing on a long-term basis, probably not. If you want to 'swing trade' over a few days or weeks, or day trade, it would probably be useful to have some understanding of the basics (and perhaps the advanced) concepts of candlestick charts.
As Steve himself says, don't use candlesticks as your primary decision factor for making trades. Used in conjunction with other technical indicators, it is useful to check the candlestick charts to make sure you aren't about to jump into a trade expecting 'sunny' going when the previous day's candlestick chart showed a "Dark-Cloud Cover". Yes, there are lots more interesting patterns and names (Hanging Man, Doji Star, Abandoned Baby) that are entertaining, and sometimes useful to know about and understand.
So, if you have $50 or so burning a hole in your pocket that you have no other good use for, having purchased and digested this book you will know all one needs to know about candlestick charts.
Rating:
- excellent
If you want to know about candlestick patterns and theory, this is an excellent book. It is expensive, but there's no comparable books of this quality that I know of. Very thorough but not over complicated. Great charts.
Will you make money using candlesticks? That's another issue :)
Rating: - Awesome book
The book clearly explains the candlestick chart technique. I have learned a lots of canldstick technical analysis from Steve's book. I would recommend this book to everyone if he or she wants to learn more about candlestick chart
Rating: - Best Charting Book on my shelf.
Nison's book showed me all the classic reversal patterns that a chart forms. This book doesn't make you an expert trader, it only introduces the patterns that indicate reversals. It doesn't cover all the indicators that are based on price and volume, like MACD, ADX, RSI Bollingers and all that, it looks only at the price patterns formed by the candles.
This book is well worth the price, but buy "Trading for a Living" and "Market Wizards" to pick up the "Why" behind price movement.
Rating: - Outstanding
This book not only offers a down-to-earth, easy to follow approach to technical trading with candlesticks, it also offers an in-depth history of the practice in a nicely bound and easy-to-read package.
THe proof is in the puddding; this book has helped me to be a more disciplined and profitable trader in any market, from the NYSE to the FOREX.
- For Intermediate to Advanced TradersAs with most of my reviews, my intent is to tell you whether a book is worth the money or not. If you are a beginning trader/investor, spend your money elsewhere (see some of my other reviews on market books.) If you are interested in getting more into the details of charts and technical analysis, specifically 'candlestick charts', then this is the book to have.
Steve is considered the 'Father' of Candlestick charting in the US and probably the westerm hemisphere. He pretty much single-handedly brought the concept here from Japan. So,if you want to learn about something, might as well learn from the horse's mouth.
Do you need to understand how candlestick charts work and how to use them in order to be a successful trader? If you are only investing on a long-term basis, probably not. If you want to 'swing trade' over a few days or weeks, or day trade, it would probably be useful to have some understanding of the basics (and perhaps the advanced) concepts of candlestick charts.
As Steve himself says, don't use candlesticks as your primary decision factor for making trades. Used in conjunction with other technical indicators, it is useful to check the candlestick charts to make sure you aren't about to jump into a trade expecting 'sunny' going when the previous day's candlestick chart showed a "Dark-Cloud Cover". Yes, there are lots more interesting patterns and names (Hanging Man, Doji Star, Abandoned Baby) that are entertaining, and sometimes useful to know about and understand.
So, if you have $50 or so burning a hole in your pocket that you have no other good use for, having purchased and digested this book you will know all one needs to know about candlestick charts.
Rating:
- excellentIf you want to know about candlestick patterns and theory, this is an excellent book. It is expensive, but there's no comparable books of this quality that I know of. Very thorough but not over complicated. Great charts.
Will you make money using candlesticks? That's another issue :)
Rating:
- Awesome bookThe book clearly explains the candlestick chart technique. I have learned a lots of canldstick technical analysis from Steve's book. I would recommend this book to everyone if he or she wants to learn more about candlestick chart
Rating:
- Best Charting Book on my shelf.Nison's book showed me all the classic reversal patterns that a chart forms. This book doesn't make you an expert trader, it only introduces the patterns that indicate reversals. It doesn't cover all the indicators that are based on price and volume, like MACD, ADX, RSI Bollingers and all that, it looks only at the price patterns formed by the candles.
This book is well worth the price, but buy "Trading for a Living" and "Market Wizards" to pick up the "Why" behind price movement.
Rating:
- OutstandingThis book not only offers a down-to-earth, easy to follow approach to technical trading with candlesticks, it also offers an in-depth history of the practice in a nicely bound and easy-to-read package.
THe proof is in the puddding; this book has helped me to be a more disciplined and profitable trader in any market, from the NYSE to the FOREX.