I was a bit cynical about the author initially, but when you read his book and his web site you don't meet the "savvy trader" you expect, you meet an altogether much more interesting and amusing character. Whilst there are no magic bullets in the markets I found my understanding of chart patterns took a leap forward after reading this book and my timing of entries is hugely improved. 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. It would have also been very useful to have patterns grouped according to their formation time periods where they could have added tabs, colours, finger indentations or the like to open the book without be required to look at the visual chart pattern index at the back of the book or the table of contents for page references.

Joining Tour, Identification Guidelines, Focus on Failures, Statistics, Trading Tactics and Sample Trade is Experience. The 103 third parties who use cookies on this service do so for their purposes of displaying and measuring personalized ads, generating audience insights, and developing and improving products. Encyclopedia of Chart Patterns, Third Edition expands upon Bulkowski's immensely popular Second Edition with fully revised and updated material on chart patterns. Bulkowski even starts the book off with useful novice and intermediate information and tips and tricks for all, like what chart horizon time frames can these patterns be used for. Excellent book, well worth the money and would highly recommend to anyone trading in not only crypto, but any market.Before earning enough from his investments to "retire" from his day job at age thirty-six, Bulkowski was a hardware design engineer at Raytheon and a senior software engineer for Tandy Corporation.

Though I have not checked the validity just yet, either way, this book is a great leap forward into a proper quantitative basis in the securities markets. You can change your choices at any time by visiting Cookie preferences, as described in the Cookie notice. The market's bestselling and most comprehensive reference on chart patterns, backed by statistics and decades of experience When the smart money trades the securities markets, they leave behind financial footprints. 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.

Being a math and finance major, I will eventually get to it and determine the validity of his findings, but for now, and for all intents and purposes, it provides a VERY detailed analysis coupled with vast experience from the academic mind of an engineer.

Within the pages of this book, youll learn how to identify chart patterns, supported by easy-to-understand performance statistics describing how well a pattern works, what the failure rate is, and what special quirks suggest better future performance. Bulkowski has taken an intelligent and thoughtful approach to producing a practical guide to understanding and trading chart formations. is a valuable contribution to the existing literature on charting and should be considered an indispensable reference by any serious chart trader. Within the pages of this book, you ll learn how to identify chart patterns, supported by easy-to-understand performance statistics describing how well a pattern works, what the failure rate is, and what special quirks suggest better future performance. In this revised and expanded second edition of the bestselling Encyclopedia of Chart Patterns , Thomas Bulkowski updates the classic with new performance statistics for both bull and bear markets and 23 new patterns, including a second section devoted to ten event patterns.He also lists statistical findings for performance, breakout targets, failure rates, etc, together with sample trades and advice on optimal strategy for each pattern. It puts you in the passengers seat so you can share lessons learned from Bulkowski's trades This edition reports on statistics from nearly four times the number of samples used in the Second Edition and ten times the number in the First Edition 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. Bulkowski also tells you exactly how to measure and identify patterns so you're not left squinting at your screen thinking, "Jeez, is that a Cup with Handle or a Double Bottom? 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. Just to go over the great and not so great things about this 'bible' that I keep beside me on my night-stand, the first thing that comes to mind after perusing the pages for hours and hours using it to relate to my current portfolio is that he gives a wonderful guide to understanding, recognizing, strategizing in bull and bear markets and their corresponding statistics.