Candlestick Charting and Strategies

A practical guide to Japanese candlestick charting: what it is, how it works, and how to use it Candlestick charting is one of the most popular technical analysis tools in use today. First introduced to America in the early 1990s, it has proven to be a reliable guide to trading today's markets. Part of the Bloomberg Market Essentials (BME) Technical Analysis series, Candlestick Charting and Strategies offers a quick, but complete, explanation of Japanese candlesticks that will familiarize you with this tool at a professional level and emphasize its practical application in the markets. Written in a straightforward and accessible style, this book will get you up to speed on the essential elements of candlestick charting as well as introducing some basic strategies along the way. * Reveals how to combine candlesticks (an Eastern technique) with traditional Western technical analysis techniques * Offers insights on back-testing, a crucial yet controversial practice * Includes information dedicated to Bloomberg's proprietary candlestick indicator Japanese candlestick charting can be profitable, if you understand how it works. This book will put candlestick charting in perspective and show you how to successfully incorporate it into your trading endeavors.