The Secret of Candlestick Charting: Strategies for Tading the Australian Markets
Most traders on the ASX are familiar with line and bar charts, but there has never before been a book written in Australia on the ancient Japanese art of candlestick charting. Louise Bedford, author of the highly successful The Secret of Writing Options, writes in a clear, concise way and uses plenty of examples to help readers understand candlesticks and use them to profitably trade the markets.
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An outstanding introduction into the secrets of Candlesticks!!!…..especially for the Australian market!,
When I first read this book, I was 14 years old (now 15) , and I knew nothing about how to read candlestick charts profitably or about their potential, but since reading this book, candlesticks have become one of my FAVOURITE methods of selecting stocks.
This book is simply OUTSTANDING for those setting out to learn about how to profit from candlestick charting. The book refers to a specific but common form form of charts, called candlesticks, and how to read them. I’m a enthusiatic chartist, and this book will certainly appeal to anyone who is similarly enthusiastic about charts. It would be more beneficial to have a bit of background knowledge when reading this book, but even a beginner to technicals would understand the concepts of this book.
This book is incredibly well written, succinct, and lucid, highly organised and structured. It covers how to identify 1,2 and 3 candlestick patterns, support/ resistance, breakouts, gaps, some indicators, and has useful explanations of the phychology of traders, which will undoubtably make you a better trader. The presentation is excellent,and there are ample diagrams which are very clear.
My final comment about this book, is that it is especially good to be read by an Australian reader. Why? Because the candlestick patterns covered are the ones found primarily in the Australian markets, and she uses Australian stocks as examples. Bedford does say that the same patterns repeat themselves in the same stock, and therefore it becomes useful to know that [X candlestick pattern] occurs in BHP for example. Therefore when perusing the charts, you can look out for that pattern.
I discovered this book in the bookshop, and after reading the the first 30 pages, I was immediately liked candlesticks. I later borrowed the book from the libary where I finished it. However, I expect myself to soon buy it, and use and rely heavily on it as a reference book to my trading.
Candlesticks are in themselves an brilliant tool, and shine brightly among methods of identifying stocks. They are precise and accurate, and they identify trends AS IT HAPPENS; they aren’t lagging indicators, and are easy to use, and used the same in any time frame. This book will show you candlesticks in their best light, and inspire to you to the potential of candlesticks!
Thankyou Loiuse Bedford!!!
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|Another great book by Louise Bedford,
I have now read two books by Louise Bedford (The Secrets of Candlestick Charting and Charting Secrets) and I can’t rave enough about her books. She includes so much worthwhile information, and she writes in such a great way that it is never difficult to understand or boring. You really feel like you get your money’s worth. I am so grateful that I came across her books as I will definitely become a better trader as a result!
I’ve read other share books, for example by Daryl Guppy, and found his books lacking in info and his style of writing was very annoying.
I would definitely recommend anyone wanting to start out share trading in Australia to purchase Louise Bedford’s books!
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|Very practical,
I have read a couple of books on Candle charting and I found this book to be the most helpful because Louise Bedford conveys the essence of what is behind each candle pattern. Some books on candles are really just a list of patterns, and unless you learn them all by heart, it is very confusing. However with this book I really gained a much greater understanding of what sort of market psychology is at work when you see a particular type of candle pattern. The wonderful thing about this approach is that it makes memorising long lists of candle patterns redundant. This book is well worth the read.
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