"The Ultimate Guide to Profitable Trading with Candlestick Charts" by Balkrishna M. Sadekar - Available on Google Play Books.

2023-05-23 00:08:07 - Grace Browns Grace Browns has been a lifestyle, fashion, and beauty writer for over 5 years, and she currently serves as a senior editor at 422346.com.

For almost four centuries, Japanese rice traders have utilized candle signals to accumulate vast fortunes. Through constant refinement and testing, candlestick signals have become a global standard for trading all financial markets, including stocks, derivatives, and currencies. This guide offers a comprehensive breakdown of how traders can profit from these powerful and proven techniques.

Here's what you can expect:

  • ● Clear explanations of major candle signals, including how to recognize and use them effectively
  • ● An exploration of the underlying market psychology revealed by each candle formation
  • ● Strategies for combining candlestick signals with Western technical analysis to identify high probability trades that generate explosive profits

● Stop loss setups for various candlestick signals to minimize losses. Mastering this strategy will put you ahead of fellow traders.

● An approach to using candlestick charts that eliminates emotional interference, panic, and greed

● Tips and common mistakes to avoid, along with proven market-tested trading ideas based on the author's extensive experience trading stocks and options.

This book is an invaluable resource for both new and experienced traders seeking to derive systematic and consistent profits from the market by adding candlestick charting to their trading arsenal.

REVIEWS FOR THE BOOK

"Educational and a great addition to any technical trader's shelf." — The Hindu Business Line

"The author provides clear explanations and reinforces the message of each candlestick pattern, pointing out other details that can help determine success or failure at each occurrence. The real-life examples are manifold, well chosen, and amplify the lessons being taught. Highly recommended reading for traders in all markets to discover ways of profiting from candlestick trading." — Alan Northcott

"Sadekar's book not only lives up to expectations but exceeds them. Targeting beginners to intermediate technicians, he keeps things simple. Each type of reversal, consolidation, and continuation pattern is tackled in individual chapters and illustrated liberally with charts of Indian stocks. The author combines Dow theory tools such as trend lines, oscillators, and moving averages with oriental techniques, giving readers an advantage in both worlds.

While all chapters are interesting reads, chapters 11 and 12 are highlights of the book, laying out a simple but actionable game plan for traders and investors. The author has even compiled a tear-away candlestick ready-reckoner at the end of the book to identify emerging patterns in real-time. At its price, the book is a value buy. A must-read for every freshman candlestick trader." — Vijay L. Bhambwani, Technical Analyst, CEO - BSPLIndia.com

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