Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures

by Gregory L. Morris

Book Overview

Master this powerful trading system and identify the best tradesInside this book you will discover candlestick charting, one of the most popular tools in technical analysis. Candlestick Charting... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1557388911
• ISBN13: 9781557388919
• Release Date: July 1995
• Publisher: McGraw-Hill Companies
• Length: 300 Pages
• Weight: 1.30 lbs.
• Dimensions: 0.7" x 7.0" x 10.0"

Customer Reviews

ALL YOU`LL NEED

I have read some negative comments here about this book not being detailed enough etc... but it gives very clear, understandable explanations of all the patterns, and they are all grouped in an excellent orderly easy to find fashion. Other books of this kind may be a bit more detailed but they are a difficult dry read, far too lenthy and not as organized nor as well written. Greg morris delivers all the neccessary goods in this book.

WELL WRITTEN

This book is an excellent reference for all the candlestick patterns. I like the fact that it has a pattern breakdown for every formation and also data on how well the patterns perform as far as accuracy at the end of the book. The descriptions are clear,concise and very well organized with great illustrations and psychological explanations behind the candlestick moves. I found this book an easier more understandable read than nison`s books on candlesticks and for less than half the price. I keep this book close by whenever i need to review a certain pattern, its very easy to flip through and find any of the formations since they are all neatly grouped by category, which i like. I think its the best.

at the price the best

A great question is which is better: Nison or Morris? Nison is for those who use indicators; Morris is the purist using only volume.Reference book? Morris gives you the picture and the explanation in an easy format and an index to find it. He also breaks the candles into groups and types. This is the valuable part of the book.Who is more in depth? Well that's a tie with Morris winning slightly on candles & losing if you want to view the whole Japanese charting world, Kagi, Renko, 3 line break. Nison gives other Japanese charting types weight in the book which is good if you have Metastock bad if you don't. Personally I like the other methods.So why did I give Morris the nod? As a professional trader I can't really give away an edge except that Morris is more tuned towards stocks & gives hints that Nison did not. Nison is also a boring writer, better lecturer. Morris is a better writer, teacher. Remember Morris gives you everything and if that's not enough then you're not reading carefully; looking over these previous reviews makes me happy because they obviously missed Morris' hints and guides. I saw them and my trading improved & I had used Candles for a long time before getting to Morris ala Nison & began to think them worthless. Now I understand their role.Enough said.

Useful and Profitable From The First Line

As a professional money manager and author, I found this book a must have for the entire spectrum of investors.Greg Morris is the Morris in murphymorris.com, the vehicle for technical analysis guru and frequent CNBC guest John Murphy, whose ongoing analysis and excellent history of prescient market calls places him in the Hall of Fame.Candlestick charts are standard in most charting programs and have become the hallmark of day traders. But this is an ancient art from the Far East, which Greg was among the first to champion, and popularize. Greg studied the art in person while in Japan and learned not just the technique, but the cultural and more deeply rooted use of this useful form of analysis. It is this in depth knowledge, combined with Greg's conversational and easy to read style which makes this book a classic.Greg is a trader, and makes this clear throughtout the book, sticking to the business at hand, and not reminiscing about his own personal glory, or useless anecdotes. The book is immediately useful and made a great difference in my own ability to analyze stocks and make trading decisions.Especially useful and extremely important are the sections which deal with candlestick patterns which alert the trader as to potential upcoming changes in the trend. These have saved me many times, and have allowed me to both buy and sell correctly when other popular methods have not. Just that is worth the price of the book.

Candlestick Charting Explained

An easy to understand book for someone who has no experience with Japanese candlestick charts. I refer to the book daily after market closes. It is a quick and easy way to become familiar with candle patterns. It has changed my perceptions of markets.