Top positive review
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The definitive text on chart patterns
on 25 March 2010
The key difference between this and other chart pattern books is that the findings are supported by empirical testing -they are not just someone's opinion. Bulkowski also tells you exactly how to measure and identify patterns so you're not left squinting at your screen thinking, "Jeez, is that a Cup with Handle or a Double Bottom?" which I always found myself doing after reading other books. In fact, I went back and analysed some of my past losing trades after reading this book to discover that I had completely misidentified some patterns. He also lists statistical findings for performance, breakout targets, failure rates, etc, together with sample trades and advice on optimal strategy for each pattern. Well illustrated, clearly laid out. And with a decent, sturdy hardback that you can lie flat on the desk and study.
Bulkowski is clearly a serious trader who has made groundbreaking statistical investigation of both charts and candlesticks a key part of his trading. Whilst there are no magic bullets in the markets I found my understanding of chart patterns took a leap forward after reading this book and my timing of entries is hugely improved. One of the top five trading books I own.