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Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures

Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures

List Price: $37.95
Your Price: $25.81
Product Info Reviews

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Rating: 5 stars
Summary: No Wasted Words
Review: 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.

Rating: 5 stars
Summary: Useful and Profitable From The First Line
Review: 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.

Rating: 4 stars
Summary: Candlesticks Made Moderately Easy
Review: Good book for someone who doesn't know anything about candlesticks, but I think you need to have some sort of understanding of investing before reading this book. The reason why I gave it a 4 star instead of a 5 star was because this is the first book on candlestick I've read. I haven't read another book yet on this topic.

Read this book the first time when I bought it several months ago and got a glazed over look in my eyes because I had no clue about any of it. However, as I let some months pass by and got better with my technical analysis utilizing other charts like MACD, stochastics, MA, BOP, TSV, MS, etc....the terminology and how the market moves allowed me to better understand what I was reading in Morris' book.

It would've been nice if he had a simplified table of the various individual candlesticks and what they represented and another table of the reversal patterns in bull & bear markets.

I like how the chapters were formatted in the reversal chapter. This was a long chapter and probably could've been broken down into shorter chapters to better categorize various reversals.

I have been able to validate some of the reversals by experience. I wasn't sure if I was reading the candlesticks correctly and went against what I read. The candlesticks were correct and I was wrong. Good thing I am learning about this when I don't have lots of money to lose yet.

All in all, I will read this book to glean even more information from it. I've already read it twice.

Rating: 4 stars
Summary: Candlesticks Made Moderately Easy
Review: Good book for someone who doesn't know anything about candlesticks, but I think you need to have some sort of understanding of investing before reading this book. The reason why I gave it a 4 star instead of a 5 star was because this is the first book on candlestick I've read. I haven't read another book yet on this topic.

Read this book the first time when I bought it several months ago and got a glazed over look in my eyes because I had no clue about any of it. However, as I let some months pass by and got better with my technical analysis utilizing other charts like MACD, stochastics, MA, BOP, TSV, MS, etc....the terminology and how the market moves allowed me to better understand what I was reading in Morris' book.

It would've been nice if he had a simplified table of the various individual candlesticks and what they represented and another table of the reversal patterns in bull & bear markets.

I like how the chapters were formatted in the reversal chapter. This was a long chapter and probably could've been broken down into shorter chapters to better categorize various reversals.

I have been able to validate some of the reversals by experience. I wasn't sure if I was reading the candlesticks correctly and went against what I read. The candlesticks were correct and I was wrong. Good thing I am learning about this when I don't have lots of money to lose yet.

All in all, I will read this book to glean even more information from it. I've already read it twice.

Rating: 5 stars
Summary: ALL YOU`LL NEED
Review: 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.

Rating: 5 stars
Summary: Powerful yet easy to grasp
Review: I have to admit I hardly read the book. But for each candlestick patterns depicted the author provides an excellent explanation of the behaviour and forces developing behind the the price movements. I tested them and found that they don't always work (hey, who said life would be easy) but on the right market conditions it does work as it should. I found this book to be an excellent source for my trading in spotting market reversals and breakouts. It's a complement to traders with good technical analysis understanding.

Rating: 4 stars
Summary: Excellent reference book for online trading
Review: I rated Greg Morris' book over Nison's because: 1. It's cheaper and better organized. 2. It can be treated as textbook and reference book. 3. It's suitable for professionals as well as novices. However, Nison's two books are still very good.

Some readers imply that Greg Morris' book has not much new ideas than Nison's. I don't agree with that. Both Nison and Morris have learned Candlestick techniques from Japanese, and they all translated those Candlestick analysis from Japanese books. Since Nison published his book first in the Western world, people have the impression that Nison "invented" Candlestick techniques, and obvious Candlestick analysis is an ancient Art and Science.

Finally, I sincerely recognize Nison's contributions in the technical field. I would like to recommend all three books (written by both Morris and Nison) as "Strong Buy".

Rating: 2 stars
Summary: An average candlestick book
Review: If you are looking for a book that defines candlestick formations then this book is for you.

If, however, you are a little like me and want that little bit extra than simple definitions, then unfortunately you are going to be disappointed.

The only worthwhile part in this book was the 27 pages comprising of chapter 8 - where Gregory Morris combines candlestick formations with sentiment-based indicators.

If 90% of the book was devoted to this (the relationship between sentiment-based indicators and candlestick formations) and the other 10% was on the MOST COMMON candlestick formations (rather than candlestick formations that probably only happen once on a blue moon) it would have been a very good book.

If you are looking for a good candlestick book I highly recommend "The Secret of Candlestick Charting" by Louise Bedford.

Rating: 3 stars
Summary: Get "Japanese Candlestick Charting Techniques" Instead
Review: If you have to make a choice, get Nison's 2nd edition of "Japanese Candlestick Charting Techniques" instead. "Candlestick Charting Explained" does do a decent job of condensing and organizing the material in Nison's book and it costs less than half the price. Still, Nison's book has more meat and more material.

One thing that Morris' book has is data on comparing the different candlestick patterns. Unfortunately, it is so dependent on the stocks chosen that the reliability can be misleading.

After all that, since you will probably be putting significant funds behind your trades, buy both books!

Rating: 3 stars
Summary: Get "Japanese Candlestick Charting Techniques" Instead
Review: If you have to make a choice, get Nison's 2nd edition of "Japanese Candlestick Charting Techniques" instead. "Candlestick Charting Explained" does do a decent job of condensing and organizing the material in Nison's book and it costs less than half the price. Still, Nison's book has more meat and more material.

One thing that Morris' book has is data on comparing the different candlestick patterns. Unfortunately, it is so dependent on the stocks chosen that the reliability can be misleading.

After all that, since you will probably be putting significant funds behind your trades, buy both books!


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