Bloomberg Visual Guide to Candlestick Charting

awesome

I own A LOT of books on Technical Analysis, and this one is the best! The visual references are easy to understand and the tips and explanations are spot on.

I found his Illustrations to be very good. His material is and review is also okay as far as it goes. I find that most writers continually use one day candlesticks charts only. Unfortunately, they create a false signal quite often. I have found 3 day candlesticks charts to be more accurate. Also, even though this is primarily about candlestick charts support and resistance trend lines and trading volume, would make the reader very much more aware of the accuracy you are analyzing. I'm not taking away from Mr.Thomsett's book. However, as I went through it and matched the time frames and companies used with his signals, if you are a swing trader as I am, you would have come to many incorrect conclusions. There are instances where what is stated did not last very long. It may be more appropriate for a day trader. Here is an example of what I am talking about page 157 reviewing GE. He discusses a matching high as a bearish signal. Well it was for a brief period, but the stock went from around $16.80 on 11-8-2010 and dropped to $15.75. The support level at that time was right around $15.70 which held and on 11-24-2010 the stock went on a very nice ride up from right around $15.70 to a high where a doji top at approximately $21.40. All that I'm saying is you really have to pay attention to where you are besides the candlesticks or you could be taking losses instead of gains. The 3Day Candllestick and support would maybe made you consider if this really would be where you want your money to be. Again I am a Swing Trader.Phil

This was a great book to read as a stand alone and as supplemental reading. It's simple, clear, concise, and very helpful. Great for novice

The book turned out to be an encyclopedia of candlestick patterns. No info on how well they perform, only a clear description of each one in alphabetical order. If this is what you want it will do a good job of filling your needs, if you want trading information involving candlesticks purchase some other book.