Trading with Candlesticks (2011).pdf

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Tra in
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•
Contents
Acknowledgments
...............................................
viii
About
the
Author
, , , , , , , ,
..........
, , , , ,
....
..........
....
,
.
, , ,
... IX
Introduction
""
".
1
Chaplet 1 The Basic
Candlestick
........
.
.....•.
...
••.
.
••.
.
...
5
The
Origin
and Meaning
01
the
Candlestick ......
..........
....
,"',
.
...
5
S
trengths
and Weaknesses 01 Candleslicks
""".,,"
__________ , , , , ,
...
9
aper
rading
asa Tesling G
round ....
.
,""'"
.....
"",,.
,""'"
..
1
2
P
T
The
Skills E
Trader
N
very
eeds
............
,',
.......................
14
C
andlesticks: General Observations
C
oncerning
Their
Use
.....
........
...
18
Expanding
the Information
Pool
Effectively ........
....
_
......
..
20
E
ndnotes
......
,'"
.....
..........
..........
.........
....
.. ...
.
.
22
Chapter 2 Single-Stick Signs
.
.....
.
...
..
...
.
, ..
..
...
•
.
.
.
.
..
.
25
Uptrends and Downtrends
........................
.
. ...
..
25
The Significance of a Candleslick's Shape ...
....
..........
....
.....
.
..
28
Variations
on the Bullish Long
C
andlestick
.........................
.
..
30
The
MistakePattern
......
.........
.....
....
.
.
.........
....
....
.
..
32
The
Spinning
Top,
Hanging
Man,
and Hammer
........
.
. ....
..
37
The Significance
of
T
...
.........
.....
...
.
.
.
.........
....
....
.
..
42
ails
Chapter 3
Double-Slick
Moves .
..
..
.
...
.
...........
..
•
.
.
.
.
..
. 47
Two
Reversal Moves:
Engulfing
and Harami
...........
...............
..
48
More Reversals:
The
Inverted
Hammer and Doji Slar
.........
..........
..
53
Even
More Reversals: Meeting
Lines
and
Piercing
Lines
..................
55
Contirming Pa
tterns:
Thrusting,
Separating, and
Neck
Lines
...
.........
...
60
Reversal and Confirming Moves-Relative Values
......
.
. .....
..
56
,;
Conte
nts
Chapler 4 Complex
Slick
Pallerns
.
..
.
.
.
.
..
.
.....
.
.
.
...
•
.....
.
69
Reversal Trend
Change
Patterns
.
__
..
71
Reversal
Trend Inside and
Outside
Formations
.
.........
......
, , , ,
.
.....
74
Reversal
S
and Abandoned Babies
..
....
................
, , , ,
.
.....
78
tars
Complex
Trend
Pattems
.........
..........
.........
.....
, , , ,
.
.....
82
Complex
Gap
T
rends .
..........
..........
.........
.....
,"',
.....
85
Chaptet 5
Re
versal
Patlern Analysis
.
....
.
•
...
••
.
.
•.
...
••
.
.....
91
Recognizing
the
Bull
Reversal
....
.........
..........
.....
,"',
.....
91
Recognizing
the
Bear
Reversal
................... .
. ..
"
.
94
The Doji
as
aR
eversal
Signal
.....
..........
.........
.....
,
, , , ,
.....
97
Reversal
Pattems
with
Gaps
..........
.....
...............
....
.....
101
Reversals Setting
New
Support or Resistance
..
.
.....
.........
....
.
....
104
More Resistance and Support Reversals
......
..........
..........
....
108
Mul1isession
Gap Reversals
..................... .
. ....
111
Chapter 6 Volume
and Volatility
.
.
...
.
..
.
.
.
.....
•
•...•.
.
..
.
..
119
Volume
as a
Pri
ce
Indicator
...
119
VolumeIndicators
....
..........
..........
.........
..........
....
122
Volume
Indicators
and Candlesticks
....
....
................
....
.....
126
Testing
Price
Volatility
..........
..........
.........
..........
....
131
Chapter
7
Buy
and Sell Setup Signals ..
.....•..
.•
•
.
..•.
..
.
.
..
141
Price
Spikes
and Reaction
Swings
.....
.....
...............
.....
....
143
Percentage Swing Systems
.......
..........
.........
..........
....
146
Short-Term Gapping
Behavior
....................
. ....
149
Anticipating
the
T
During
C
rend
onsotidation ..
.........
.......
....
....
153
The
Setup
Pattern
and
Swing
.........
....
................
....
.....
156
Support
and
Resistance
in
the
Swing
T
rade
..
.
.......
........
....
.
....
165
Chapter
8
Swing
Trading
with
Candlesticks
..
.
....
.
.•
.
..•..
.
.
.
..
171
A
Swing
Tradmg
Overview
...........
.....
...............
.....
....
171
Quantifying Price
Movement with
Candlesticks
..........
..........
....
174
The
Importance
ot
Convergence
and
Divergence
.
. ..
178
Primary
T
rends
and
C
andlestick-Based
E
or
Exit
.....
...........
....
182
ntry
Setup Criteria
and Action Points
.......
.....
...............
....
.....
186
Selling Short
in
Swing
T
es
.....
..........
.........
..........
....
190
rad
Co
ntents
vII
Chapter
9 Spotting
Trends
and
Using Trendlines
...
.•
..
.
.
.
.
..
.
.
..
193
Identifying
the
T
rendline .................................
.....
....
194
Trendlines
and Candlesticks as Confirmation ..
.........
...........
....
200
Applying Moving Averages
to
Candlestick
A
nalysis
....
. ..
203
Chapter 10
Technical Indicators
...
.
.................
.
.......
207
The
Value
of
Confirmation
..........................
..........
....
207
A Review: Technical
Analysis
Basics.
. . . . . . . . .
. . . . .
.
. ....
209
The Significance
of
Gaps
........
..........
.........
..........
....
212
A Key Framework: Support .and Resistance
............................
215
Overbought and Oversold
Indicators
........
..........
..........
....
217
The
Potential
of
Candlestick Signals
... 222
Glossary
.
............................•...•....•.......
225
Index
.........
.
.
.
..
.................
.
.
.
••
.
...
.
.
.
.....
235

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