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

Product Information

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. 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.

Before earning enough from his investments to retire from his day job at age thirty-six, Bulkowski was a hardware design engineer at Raytheon, a senior software engineer for Tandy Corporation, and a software manager for Tracor-Westronics.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. You can change your choices at any time by visiting Cookie preferences, as described in the Cookie notice. By using the Web site, you confirm that you have read, understood, and agreed to be bound by the Terms and Conditions. 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.

This definitive text includes new bull and bear market statistics, performance sorted by volume shape and trend, more than a dozen additional chart patterns, and a new section covering ten event patterns. 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. 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. 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.Bulkowski has taken an intelligent and thoughtful approach to producing a practical guide to understanding and trading chart formations. It would just be a bit nicer to have quick access to the most important information in validating the pattern like the average formation length, rather than rooting through 4 or 5 pages each time.