_A-7.JPG) |
| 21 Candlesticks Every Trader Should Know - Melvin Pasternak (2006) |
in the trader's toolkit. While candlestick charts dates back to
Japan in the 1700's, this form of charting did not become popular
in the western world until the early 1990's. Since that time, they
have become the default mode of charting for serious technical
analysts replacing the open-high-low-close bar chart.
There has been a great deal of cogent information published on
candlestick charting both in book form and on the worldwide web.
Many of the works, however, are encyclopedic in nature. There
are perhaps 100 individual candlesticks and candle patterns that
are presented, a daunting amount of information for a trader to
learn.
In this book I have selected 21 candles that I believe every trader
should know by name. These are the candles that in my
experience occur most frequently and have the greatest
relevance for making trading decisions. Just as knowing the
name of a person helps you immediately recognize them on a
crowded street, so being able to name the candlestick allows you
to pick it out of a chart pattern.
Download Ebook:
No comments:
Post a Comment