Trading with Candlestick Charts

New Page 1New Page 1New Page 1Moreand more contemporary traders and investors the world over use candlestickcharts in preference to the traditional bar charts. Thats because candlesticksare a fantastic way of figuring out both market direction and changes in pricetrends. Candlestick charts provide clearer and quicker answers to the tradersperennial question: Whos controlling the market; the bulls or thebears? than do most other technical methods.

Inthis easy-to-understand guide, Clive Lambert walks you through:

nWhatcandlesticks are

n What candles reveal about the markets state of mind

n Major reversal and continuation patterns and,importantly, the psychology behind each one

n How using candlesticks in different time frames providestraders greater meaning and insight into the ongoing price action

n How to use candlesticks in conjunction with support andresistance

n Combining candlesticks with momentum for trading

n 10 golden rules of trading when using candlesticks.

This is a breezily written book about the methods andpractical application of the ancient Japanese charting technique which is now inwidespread use. It will benefit all investors, traders and market professionals,regardless of their level of experience, or the markets they invest in or trade.

A well-written and, above all, practicalguide to candlestick charting"  The TechnicalAnalyst, UK

The use of amply-sized charts and diagramsbrings the subject to life, while the explanations are nicely and diced intoboxes and sub-sections that make the book easy (to use) Investors Chronicle, UK