Bulkowski's Books


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I think OneTwoTrade is a scam. Written for the novice investor but containing techniques for the seasoned professional, this comprehensive guide includes easy-to-use performance tables supported by statistical research. However, these pricing mechanisms are almost wholly automated, meaning concerns of partiality are largely unfounded. How to Choose a Forex Broker With hundreds of Forex brokers to choose from, selecting the right one can be both challenging and time consuming. Subscribe to RSS feeds.

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Jul 27,  · The problem is he feels he is at a great advantage, citing his ability to read a bunch of charts, follow news, etc. He is a smart man, a former lawyer, and has been following stocks for .

Packed with visual learning enhancements and exercises, this innovative book helps savvy investors and professionals alike master the essential skills of chart pattern recognition. Follow along as chart pattern expert Thomas Bulkowski teaches you to recognize important peaks and valleys that form patterns-footprints of the smart money.

Nearly color charts assist in providing a step-by-step approach to finding those footprints, interpreting them, and following them. Popular patterns such as head-and-shoulders, double tops and bottoms, triangles, gaps, flags, and pennants are just a few of the many patterns explored throughout the book.

For the sophisticated trader or investor, the book also provides statistical research to support the claims of pattern behavior, trading signals, and setups, in an easy to understand way.

Designed for use by investors and traders, from beginners to experts looking for a practical, easy-to-use guide, comprehensive reference, Bloomberg Visual Guide to Chart Patterns provides a sophisticated introduction to the world of chart patterns. The following is a detailed table of contents that lists major topics covered in the book. This was taken from my manuscript and not from the published text.

Some of the content may be different in the published version. Before I make a trade, I look at the probability of the candle acting as a reversal or continuation, and how far price can be expected to move once I am in the trade based on the candle height. That information is in my book, and it is well worth the cost of it.

Let me give you another example. The upward target is A downward target is The current close is After a bumpy start, the stock moved up in a straight-line run to That is the kind of information you can get from my book, and that is how I put it to good use.

It gives me an edge over other traders that do not have such information. In short, it helps me make money. Here is the slick marketing message: Candlestick patterns are footprints of the smart money and deciphering those footprints properly can bring traders and investors riches. Encyclopedia of Candlestick Charts takes an in-depth look at candlesticks, from identification guidelines, to statistical analysis of their behavior, to detailed trading tactics.

Never before has a book combined a comprehensive list of candlesticks with a statistical review of their performance This easy to read and use reference book follows the same format as the best-selling Encyclopedia of Chart Patterns. In each chapter of Encyclopedia of Candlestick Charts you'll find: Behavior and Rank shows how each candle is theoretically supposed to work and how it actually does, with rankings against other candlesticks plus the psychology behind the pattern.

Identification Guidelines describe what to look for. Statistics include the following tables: Trading Tactics discuss strategies to increase profits and minimize risk Sample Trade walks you through a hypothetical or actual trade using real data. For Best Performance is a quick reference table of selection tips to boost performance. Not only does Tom identify the best formations, he shows the practical way to trade each one. And, he puts the best results right in front, rather than playing hide-and-seek with the reader.

You don't need to be a chartist to get value from this book. I highly recommend it. Tom's intensive statistical work seeks out the truth in the frequency and reliability of trading with candlestick charts. His exhaustive and thorough research will give the reader an eye opener to help guide them in their trading decisions.

This is a must-read edition of a high-caliber piece of trading literature for every trader who uses candlecharts. Tom has written a solid reference that can easily be used in coordination with other books in this exciting field.

The Encyclopedia of Candlestick Charts is a reference that every technical analyst will want to own. The Encyclopedia of Chart Patterns , recognized as the premier reference on chart pattern analysis, extends its lead with this Second Edition. This definitive text includes new bull and bear market statistics, performance sorted by volume shape and trend, more than a dozen additional chart patterns, and a new section covering ten event patterns.

Significant events-such as earnings announcements, stock upgrades and downgrades-shape today's trading, and Bulkowski gives readers the best information on what happens after those events occur. He also shows you how to trade them and uses reliable statistics to back it all up. In each chapter of Encyclopedia of Chart Patterns , Second Edition you'll learn the following about each pattern: Encyclopedia of Chart Patterns , Second Edition also includes summary tables ranking chart- and event-pattern performance for easy reference; a glossary; a chapter on methodology explaining what each statistical table entry means and how it was calculated; and a visual index to make chart pattern identification a snap.

The result is today's most comprehensive and valuable technical analysis reference-one that will save you critical time in identifying chart patterns and increase your likelihood of buying near the price bottom and selling near the top. This book was named one of the year's top investment books in by Stock Trader's Almanac page It goes where no one has gone before. Bulkowski gives hard data on how good and bad the patterns are.

A must-read for anyone that's ever looked at a chart and wondered what was happening. Bulkowski has taken an intelligent and thoughtful approach to producing a practical guide to understanding and trading chart formations. No chartist should be without this book. Encyclopedia of Chart Patterns. Dobson, President, Traders Press, Inc. In his follow-up to the well-received Encyclopedia of Chart Patterns, Thomas Bulkowski gives traders a practical game plan to capitalize on established chart patterns.

Written for the novice investor but with techniques for the professional, Trading Classic Chart Patterns includes easy-to-use performance tables, vivid case studies, and a scoring system that makes trading chart patterns simple.

This comprehensive guide skillfully gives investors straightforward solutions to profitably trading chart patterns. Trading Classic Chart Patterns also serves as a handy reference guide for favorite chart patterns, including broadening tops, head-and-shoulders, rectangles, triangles, and double and triple bottoms.

Filled with numerous techniques, strategies, and insights, Trading Classic Chart Patterns fits perfectly into any pattern trader's arsenal.

From the author of the Encyclopedia of Chart Patterns comes his latest work, Trading Classic Chart Patterns, a groundbreaking primer on how to trade the most popular stock patterns. Written for the novice investor but containing techniques for the seasoned professional, this comprehensive guide includes easy-to-use performance tables supported by statistical research. By using a simple scoring system, you'll learn how to predict the performance of a chart pattern almost by looking at it. If you're new to chart patterns, technical analysis, or to stock market investing itself, the "Getting Started" section provides new ideas on trendlines, support and resistance, placing stops, and avoiding common investment mistakes.

As your trading knowledge and experience increase, the "Trading Classic Chart Patterns" section will serve as a handy reference guide for your favorite chart patterns, including broadening tops, head-and-shoulders, rectangles, triangles, and triple tops and bottoms.

You'll quickly learn about the Adam-and-Eve combinations of double tops and bottoms, and how to select the best performers while avoiding the losers.

The scoring system makes trading chart patterns simple. Use the performance tables to score your stock pattern, then add up the scores. If they total above zero, the stock is an investment candidate; if they are below zero, you'll know to avoid that particular stock. Trading Classic Chart Patterns is a trader's reference that's destined to become a classic.

This book is an invaluable resource that provides the obvious answer-Yes! Bulkowski sees farther, not only because he stands on the shoulders of those giants, but also because he has the creativity necessary to develop new methods of quantifying the performance of chart patterns and the tenacity required to carry out the laborious research.

The publisher corrects the books as new printings occur in theory. If you find a mistake, then contact me, Tom Bulkowski.

I am often asked what is the difference between my books, and which one should I buy first? Shows how stocks typically behave after a chart pattern appears. A market order to cancel a buy can be denied if it is within two minutes of the Nasdaq's open.

Fibonacci retracements offer no advantage over any other number as a turning point. The middle of a tall candle is no more likely to show support or resistance than any other part. Fibonacci extensions are no more accurate than any other tool for determining where price might reverse. Only bullish divergence in the RSI indicator works and only in a bull market. Bullish divergence in the RSI indicator fails to beat the market more often than it works. After the Buy The following figures have incorrect figure references.

For example, Figure 1. Here's a list of the figures that need correction: Change "chart patterns" to "candlesticks" in the first paragraph, second sentence: Price finds overhead resistance" and replace with: Price finds underlying support" In the last paragraph, find, "Gaps in a downtrend falling window: Price finds underlying support" and replace with, "Gaps in a downtrend falling window: Price finds overhead resistance" Page , two lines below Behavior and Rank heading: Encyclopedia of Chart Patterns, 2nd Edition Page In the first sentence, change "broad" to "tall" so it should read "If the formation is especially tall, Find "Trade the trend lines; stops.

Change "wide," to "tall," so it should read "If the formation is especially tall, Second line at the top. It should read, "The slope of the price trend line should rise from about 30 degrees at the start to 60 degrees or higher Replace the word "tall" with "wide" as in "Narrow patterns perform better than wide ones in a bull market Change Surprising Findings to "Throwbacks hurt performance and so do breakout day gaps.

Change Surprising Findings to "Pullbacks hurt performance and so do breakout day gaps. Third paragraph from the top, find "only 15 times in this study" and change it to 18 times. Change in the following sentence to Page , Table Change 'Heavy' to 'Light' as in 'Light breakout volume is best. Change the sentence to read, 'Look for light breakout volume but do not discard an EADB just because the breakout occurs on above-average volume.

Page , in Formation end to breakout. That lowers the profit potential and raises the risk, so the ratio is narrower. If you forget about the ratio, the method of calculating a price target the measure rule is correct. Page , under Percentage closed. Change "as do downward breakouts in a bear market" to bull market.

Page to , even numbered pages, the header should read 'Head-and-Shoulders Bottoms' not 'Heads Change "by signal sooner" to "buy signal sooner". Page to , even numbered pages, the header should read 'Head-and-Shoulders' not 'Heads Change "pattern on exit" to "pattern or exit. Change "about a week shorter" to "about a week longer". Change 'trend' to 'tend' as in 'Scallops tend to be wider Swap "Wide" and "narrow" in the paragraph that begins "Width. Wide patterns perform better than narrow ones Change "highest high" to "breakout price" as in " Here is the corrected table.

Break-even failure rate rank for Rectangle Bottoms, down breakout. Rank should be 14, not And change Rectangles to Rectangle. Overall Rank changes from 12 to 11 and the others move up by 1 through Island Reversals, down breakout which has an overall rank of not 21 but Page , about a third of the way down.

Change 'Cup with Handdle' to 'Cup with Handle. Should read 'Expect a larger price rise' not decline. Page , Table 9. Page , Paragraph immediately below Table 9. Subscribe to RSS feeds. He may be reached at Support this site! Evolution of a Trader Swing and Day Trading: Which non-fiction book should I buy first? Preface Acknowledgments About the Author Chapter 1: Big M Chapter 2: Big W Chapter 3: Broadening Bottoms Chapter 4: Broadening Tops Chapter 5: Double Bottoms Chapter 6: Double Tops Chapter 7: Earnings Miss Chapter 8: Flags and Pennants Chapter 9: Head-and-Shoulders Bottoms Chapter Head-and-Shoulders Tops Chapter Measured Move Down Chapter Measured Move Up Chapter Price Mountains Chapter Reversals and Continuations Chapter Straight-Line Run Down Chapter Straight-Line Run Up Chapter Tops and Bottoms Chapter Trends and Countertrends Chapter Triangle Apex and Turning Points Chapter Triangles, Ascending Chapter Triangles, Descending Chapter Triangles, Symmetrical Chapter Vertical Run Down Chapter Vertical Run Up Glossary Index.

Introduction to Chart Patterns Chapter 2: Identifying Chart Patterns Chapter 3: The Truth about Trendlines Chapter 4: The most Important Chart Patterns Chapter 5: Ten Buy Signals Chapter 6: Ten Sell signals Chapter 7: Making Money by Trading Failure Chapter 9: Putting it All Together Chapter The Art of Trading: Evolution of a Trader This is a portion of Trading Basics: Evolution of a Trader is from the preface The three books in the Evolution of a Trader series were written for people unfamiliar with the inner workings of the stock market, but will curl the toes of professionals, too.

Trading Basics The first book in the Evolution of a Trader series begins with the basics, creating a solid foundation of terms and techniques. From Chapter 2, Money Management 1. Trading a constant position size can have disastrous results. Dollar cost averaging underperforms. A chandelier stop hangs off the high price. Stops cut profit more than they limit risk. Support and Resistance 1. Peaks with below average volume show more resistance. Support gets stronger over time.

Price drops faster than it rises. Finding and Fixing What Is Wrong 1. The industry trend is more important than the market trend. Holding a trade too long is worse than selling too early. Sell in May and go away. The answer to every statement is true. Trading Basics Table of Contents Chapter 1: How to Retire at 36 Chapter 2: How Much Money, Honey? Read The Fine Print! How Many Stocks to Hold?

Portfolio Composition Hold Time: They are never emotional about gains or losses. A limit order instructs the system to automatically exit a position when your target profit has been achieved. This enables you to "lock in" your desired profit on a winning position.

This enables you to cap your losses on a losing position. By setting both on all their positions, they have removed emotion from the equation and are letting the market work for them.

They stay glued to their screens, trying to juggle all their positions in real time. They miss critical action points, and they let emotion rule their decisions. However, you need to be smart when setting them. This means that a temporary dip can knock out a position before it has a chance to retrace. Similarly, if a Limit Order is set too far from the opening price, potential profit may never be realized. There are two basic approaches to analyzing the Forex market.

It is important to understand how they can be used successfully. Technical Analysis focuses on the study of price movements, using historical currency data to try to predict the direction of future prices.

The premise is that all available market information is already reflected in the price of any currency, and that all you need to do is study price movements to make informed trading decisions. The primary tools of Technical Analysis are charts.

Charts are used to identify trends and patterns in an attempt to find profit opportunities. Those who follow this approach look for trending tendencies in the Forex markets, and say that the key to success is identifying such trends in their earliest stage of development.

Traders using Technical Analysis follow charts and trends, typically following a number currency pairs simultaneously. Traders using Fundamental Analysis must sort through a great deal of market data, and so typically focus on only a few currency pairs. For this reason, many traders prefer Technical Analysis. In addition, many traders choose Technical Analysis because they see strong trending tendencies in the Forex market.

They look to master the fundamentals of Technical Analysis and apply them to numerous time frames and currency pairs. Technical Analysis uses charts to try to forecast future currency prices by studying past market movements. Using this technique, a trader has the ability to simultaneously monitor multiple currency pairs by evaluating how others are trading a particular currency. In our experience, because so many traders use technical analysis, and their reaction to market activity tends to be similar, the validity of this technique is strengthened.

It becomes a self-fulfilling prophecy that feeds on itself, increasing the reliability of the signals generated from this analysis. Perhaps the most effective and therefore the most popular form of technical analyses is the use of "support" and "resistance".

Support is the "floor" or lower boundary that a currency pair has trouble breaching. Resistance, on the other hand, is simply the opposite: Support and Resistance are important in range bound markets because they indicate the boundaries where the market tends to change direction. When and if the market breaks through these boundaries, it is referred to as a "breakout" and is usually followed by increased market activity.

We can use these support and resistance levels in many ways. A range trader would want to buy above support and sell below resistance while breakout. Trend traders, on the other hand, would buy when the price breaks above a level of resistance and sell when it breaks below support. The concept is still the same as we stated earlier. We want to buy a currency pair if we anticipate the market moving up and then sell it at higher price.

We can also sell a currency pair if we anticipate the market moving down and then buy it at a lower price. Each currency has an overnight lending rate determined by that country's central bank. If inflation is deemed too high, a central bank may raise the interest rate to cool down the economy. Conversely, if economic activity is sluggish, a central bank may reduce interest rates to stimulate growth.

Lower interest rates usually depreciate the value of a currency — in part, because it attracts carry-trades. A carry-trade is a strategy in which a trader sells a currency with a low interest rate and buys a currency with a high interest. The unemployment rate is a key indicator of economic strength. If a country has a high unemployment rate, it means that the economy is not strong enough to provide people with jobs. This leads to a decline in the currency value.

These key international political events affect the foreign exchange market, as well as all other markets. In May of , there was growing anticipation that France would vote against accepting the European Union Constitution. Since France was vital to Europe's economic health and the value of the Euro , traders sold the Euro and bought the dollar; this pushed the Euro down so far that many traders thought it couldn't go any lower.

But, they were wrong.