High Profit Candlestick Patterns
High profit trading patterns, revealed by utilizing time-honored Japanese candlestick signals. A straight-forward approach to understanding and exploiting market opportunities. Practical applications to predict stock price movements consistently and profitably, a winning system in good times or bad! All detailed in: “High Profit Candlestick Patterns: Turning Investor Sentiment into Profits” By Stephen W. Bigalow Don’t play the market, Beat the Market! Stephen W. Bigalow’s first boo
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Fatten your portfolio with High Profit Patterns,
In his first book, “Profitable Candlestick Trading”, Steve Bigalow reduced a large number of Candlestick signals to just a few Major signals that show up on charts everyday. He explained each one completely and prepared any investor to be profitable in the markets. When Bigalow explains a Major signal, he doesn’t have to use an example on a chart from 5 or 10 years ago. The signals are so plentiful that he can easily show you examples using charts from today, yesterday or a month ago!
While I did well with just the Major signals, I found that his new book, “High Profit Candlestick Patterns” highlighted repeatable patterns that show up in charts time after time. The Scoop, J-Hook, Belt Hold and the Cradle patterns are daily staples that I can use to produce those extra large profit trades. They are “early warning” patterns that let me know that a trade is developing. After I enter the trade, the patterns are road maps of how the trade will progress. As the trade nears the end, the patterns offer alerts as to when the trade is ready for profit taking.
As an example, many investors will enter a trade, cycle through it and once they are out, they forget about it. It turns out that nice runs are ended when investors take their profits and cause a pullback………or is it major reversal? In “High Profit Candlestick Patterns” the “J-Hook” pattern helps me decide if it’s pullback or reversal. Many pullbacks offer a second chance for investors who missed the first run to get in on the second. I, on the other hand, can get a second bite of the apple by getting back into the play using the J-Hook once it confirms a pullback as opposed to a reversal.
Not to be missed is the discussion about Moving Averages. You may be familiar with Moving Averages but you haven’t taken full advantage of them until they are combined with the Major signals. Steve shows how to use the probabilities of Support and Resistance at key moving averages to your advantage.
Since one can only make “so many” trades, and so that I don’t “overdose”, I’ve settled on using the J-Hook pattern along with plays developing around the key moving averages as my main focus. There is enough usable material in the book to satisfy the needs of any trader or portfolio size.
Trade long enough and you’ll be offered many “secrets” that are sold for $47.00, $97.00, on up to infinity and once you have them, you find they work once or twice a year, or only in specific markets or maybe not since 1925. All that ends with “High Profit Candlestick Patterns”. Once and for all I can look at a chart and have a high percentage of confidence about when a good trade is developing. Add to that the peace of mind that comes from knowing where the trade is going and when it’s likely the time to take profits or let them run.
The author unselfishly shares the practical tools necessary to make a high percentage of successful trades along with how to minimize the expense of those that fail. (Yes, you’ll have some of those too!)
Get this book! I have both of them in my library and they totally changed my perception of how to profitably read a chart using Candlesticks.
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|Make Money!,
I started making money in the stock market after visiting the authors website (http://www.CandleStickForum.com)and reading his first book. I had looked at candlesticks before and read other books, but it never clicked with me until reading Profitable Candlestick Trading. I had pre-ordered his new book and received it in time for my holiday reading. You don’t have to have read the first book to understand High Profit Candlestick Patterns, but it makes for a smooth transition. The new book is full of annotated charts and criteria lists explaining all the candlestick patterns and the investor psychology behind them. If you’re looking to get into trading or already an experienced trader, investigate and learn candlesticks using this book. It will all make sense AND money!
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|Simply the best “How To” book on trading I’ve ever found.,
Over the years, in my quest for the Holy Grail of trading knowledge I’ve bought some great books and courses including:
-William O’Neil’s “How to Make Money in Stocks” and his follow up “24 Essential Lessons for Investment Success”;
-Toni Turner’s “A Beginner’s Guide to Day Trading” (and her follow up book);
-John Bollinger’s “Bollinger on Bollinger Bands”;
-the “TechniTrader Stock Market Course”; and many many others.
They were all well written and chock-full of information, however, when it comes to cutting to the chase and getting right down to teaching a SIMPLE and straight forward strategy for stock picking, letting your winners run, and cutting your losses short, none of them can hold a candle to Stephen Bigalow’s “High Profit Candlestick Patterns”.
No longer do I look at the screen and wonder what the heck is going on. Stephen Bigalow’s training gives you the power to understand what the market is telling you and to get in and out of trades based on simple, proven, non-emotional common sense principles. I reccommend Stephen Bigalow’s “High Profit Candlestick Patterns” without hesitation. It is simply the best “How To” book on trading that I’ve ever found.
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