Encyclopedia of Chart Patterns by Thomas Bulkowski

Encyclopedia of Chart Patterns is indeed a great book, listing almost all possible technical analysis chart patterns with the detailed description for each pattern and the statistical background of its consequences. The total of 47 chart patterns are listed and explained on almost 700 pages of this trading ebook. If you like using technical analysis but often find yourself unprepared to react in an organized way on some of the patterns then this book will definitely help you. For each chart pattern its results snapshot, introductory information, identification guidelines, failures description, statistics, trading tactics and an example of a sample trade are presented.

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Below you can read the reviews of the book and also submit your own review about Encyclopedia of Chart Patterns by Thomas Bulkowski.

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6 Review

  1. Mr. Veller:

    There are many statistics contained within the book, though it is lacking the vital statistics that tally with the Scientific Method. You won’t find checks for significance nor for standard deviations. Being mathematically disposed, you may agree that the math contained within this book is subjective at best, as Aronson of Evidence Based TA says.

    Though this book does have some redeeming qualities – the author means what he says and does not try to deceive anyone, and it’ll help people understand mistakes they may be making. I’m sure as a Chartist, the author has made money before, using his systems. Sadly, this book may be a bit too biased and you’ll probably end up losing capital in the whole deal unless these systems are tested more. You would probably be better off spending on an introduction to statistics book.

  2. Lenny:

    Honestly, I haven’t spent too long reading this book; all of this statistical talk frankly makes me nauseous. But I do think it is a good book, after all – realize it isn’t full of interviews or even an account about statistics; this book deals with a lot of percentages. The cover of the book I bought was red, so I am sure it is a more recent version of the manuscript. I actually decided to change and learn how to trade using bar charts, because I seem to like them a lot more. Candles do seem to work, but I see all kinds of candle signs I committed to memory all around the place. In my opinion, I’m sure the candle patterns are looked at as easily with HLCO bars. Steve Nison’s “Japanese Candlestick Charting Techniques” is something I highly recommend if you want to learn about candle patterns. I bought the book on the recommendation from different professional traders and it brought me a good yield, and maybe it can for you too!

  3. Mario:

    And awesome bit of effort, this book is great! You won’t catch such declarations, as “This usually is bullish.”, on the other hand, you will get straight up answers and percentages about how it will work, exactly how much the percentages will rise and when. It would seem an engineer wrote this book it is so precise. It is full of nothing but facts! This is great to see in a place where there are so many useless books about stocks out there; I will definitely purchase his other works as well.

  4. Stranger:

    If you took every one of my books away except for one, that one would have to be “The Encyclopedia”. Words such as “seldom”, “sometimes”, “usually”, and “maybe” do not apply here – all of the knowledge and information contained in this book has been methodically backtested.

    I will write a few words about the author, as I feel it is due – Mr. Bulkowski is a morally upright person, and probably the most ethical in the trading community. Many other writers will use their books to try and sucker you in to buying into their services, subscriptions, and many other such things you do not need, Mr. Bulkowski would never do anything like that. He has a website that is absolutely free and the only thing for sale on it is his book.

    I can’t promote this book too much, because it would feel like I was trying to hype it up too much; but to be honest, I feel you deserve to have this book with you at all times if you are a chart pattern trader. I believe it is that valuable and it is why if I could only have on trading book on chart patterns, this would be it. This book is merely trying to teach you to focus on patterns and volume, the essential keys to financial success.

  5. Rex:

    I was thoroughly impressed by the format of this text, but remember the statistics contained within this book are only the writer’s personal ‘litmus’ test. This is his own personal tests and aren’t conducive of the real world market. The statistics presented could be in inaccurate as the market could have been in a finicky trend (bear/bull/consolidating) when he was testing his methods. These statistics are not at all based off of a complete catalog and should be taken with a grain of salt because trends were not being considered at the time.

    I haven’t yet tried these methods on the market yet because I am still learning technical analysis. I’ve found that it is one of the best books on the topic of TA. Hypothetically, the “Trading Tactics” and “Sample Trade” portions are supposed to be very accommodating in creating a viable trading tactic.

    This book isn’t for neophytes; it is a technical work with not a lot of explanation on how one should use the text to its greatest extent. Though a novice, with a bit of dedication and further reading, should be able to grasp the strategies lain down in this book, especially if they read portions about trading tactics and sample trade. I believe there should’ve been details on decrypting the kind of time frames that were being showed on the charts.

    I came here to this sector to see what other people thought about this text so that I could understand what everyone thought about it before I read it myself…but I found there were no reviews whatsoever, so reading and reviewing was left up to me.

    Things you’ll learn:
    • Suggestion on how to apply and recognize leading chart patterns

    If you’re just going to pick stocks, you don’t need to purchase this book; you won’t learn any kind of trading system from this book.

  6. choong Yong Seong:

    wanna get a wonderful strategy

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