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Stephen Bigalow Candlestick PatternsPreview — High Profit Candlestick Patterns by Stephen W. Bigalow
Published October 1st 2005 by Profit Publishing LLC
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I first read High Profit Candlestick Patterns in 2008 and have used it as a reference book ever since. It is an excellent text and the writer among many other things, details how he uses stochastics in conjunction with candlesticks. I had read many books on candlesticks before reading Stephen Bigalow's work. For newbies I would recommend reading Steve Nison's bible on candlesticks, Japanese Candlestick Charting Techniques before reading High Profit Candlestick Patterns.
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The book provides a comprehensive catalog of established/traditional candlestick price patterns. The 'high profit' part remains unproven, as the author focuses on illustrating the application of candlestick patterns to anecdotal evidence in selective charts. I found no tangible evidence in terms of frequencies & probabilities, or expectancy, just how (if even whether) 'profitable' these patterns are. As such, the book is an interesting introduction to those not familiar with the concept. The.more
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Nov 30, 2013
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