Encyclopedia of Chart Patterns, 2nd Edition (Wiley Trading)

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He even forewarns readers about the methods of his 'perfect' trades that are used in his analysis and that the real world is not perfect, even though there may be some who perform perfect, as defined by Bulkowski, trades.

In addition the period covered was limited to five years only, and that in a market that was almost entirely bullish. Written by a leading expert on chart patterns, Tom Bulkowski, this edition includes revised statistics on 75 chart patterns including 23 new ones, with pictures and performance statistics, packaged within easy-to-read text. You can change your choices at any time by visiting Cookie preferences, as described in the Cookie notice.

A lot of work has gone into this book and it could have been a really useful guide to assessing the merits of different patterns for trading purposes. is a valuable contribution to the existing literature on charting and should be considered an indispensable reference by any serious chart trader.

By using the Web site, you confirm that you have read, understood, and agreed to be bound by the Terms and Conditions. Really the only gripe that I could even potentially see is that it would be a lot nicer to have the pertinent Size Statistics information like the very important Average Formation Length stats directly out front on the first page with the title of each pattern.

He also lists statistical findings for performance, breakout targets, failure rates, etc, together with sample trades and advice on optimal strategy for each pattern. The Encyclopedia of Chart Patterns, Third Edition further solidifies the reputation of this book as the leading reference on chart patterns, setting it far above the competition. 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. Though the book uses statistical information, there are various chart patterns which simply do not have the proper sample size to use the stats for calculation. I'm interested in anything which helps put probabilities on my side when trading and this is a book which is all about measured results.