How to Make Money Trading with Candlestick Charts

Very clear to the point making the book well arranged in content and my understanding with candlestick trading has greatly increased. Thank you

Excellent

Delivered on time . Good read .

Libro preciso, sin excesos, con información real de patrones de velas muy aplicable a los mercados sin importar el tipo de estos. Mejoró muchísimo mi confianza cómo trader y por supuesto mis operaciones y efectividad.

As stated in the primer, the author Balakrishna M Sadekar has been a trader for more than a decade and is the founder of Profitable Candlestick Charting LLC., an educational company, which is providing training to stock traders in the proper use of candlestick charting. His expertise in and prowess at explaining concepts in the book about the art of candlestick charts reading bears him out the fact that he has been an ace-trader. A novice trader ought to read his book before starting out. Especially, an Indian novice trader or investor should read this book as all charts of stock illustrated are from Indian Equity Markets. After perusing this book first, you can also start reading the book “Japanese Candlestick Charting Techniques by Steve Nison” to come along and reinforce your acquired basic insight that you already had acquired about the candlestick chart analysis. The author has explicated contents with daily and weekly charts, which are legible with good printed paper quality and they will surely appeal to your eyes. The daily charts are meant for trading, whereas weekly charts are for long-term investing. To say in a word, all charts teach you when to buy and sell or it is called in a layman’s term as “buying low and selling high”, employing the systematic techniques of major trend reversal patterns through candlestick charting analysis. An interesting feature is that the author also has described the psychology of each pattern why it occurs in a particular situation, in which bulls rein bears or vice versa. In his explanation along with charts, additionally, to establish a conviction of how a bullish or bearish reversal pattern forms or has formed, the author employed two indicators namely, stochastics and volume bars, a feature which is also a good thing for a reader to recognize a reversal pattern with a firm conviction. The author also pointed out false reversal signals, of which a reader must be cautious of, which can easily be spotted with the meticulousness of art charting in certain charts. In Chapter 11, the author also penned a clear write-up about “Trading Setup”, which hopefully would proffer a reader useful tenets in practical approaches about handling a successful trade. After a reader has assimilated all stuff of the book, he or she will keep ahead of his fellow traders. This primer also contains a tear sheet of important Candlestick Signals at the far end of the book that can serve as a ready reckoner for a reader. There is no doubt that the author garners kudos for bringing out this book for Indian traders, who especially are the new kid on the block in stock trading. MOHINUDDIN SHAIK