1.

Record Nr.

UNINA9910141605803321

Autore

Palmquist Steve

Titolo

Money-making candlestick patterns : backtested for proven results / / Steve Palmquist

Pubbl/distr/stampa

Hoboken, New Jersey : , : Wiley, , 2008

©2008

ISBN

1-119-20448-8

1-118-53877-3

Descrizione fisica

1 online resource (348 p.)

Collana

Wiley Trading ; ; v.90

Disciplina

332.63/2042

332.632042

Soggetti

Stocks

Stocks - Prices

Stock price forecasting

Investment analysis

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes index.

Nota di contenuto

""Cover""; ""Contents""; ""Title""; ""Copyright""; ""Preface""; ""Foreword""; ""Chapter 1: Candlestick Basics and Testing Requirements""; ""What is a Candlestick""; ""Hammer and Hanging Man Candlestick Patterns""; ""Bullish and Bearish Engulfing Candlestick Patterns""; ""Morning and Evening Star Patterns""; ""Testing Candlestick Patterns""; ""Trading is a Statistical Business�Risk Management""; ""Chapter 2: Bullish Engulfing Patterns""; ""Determining Pattern Effectiveness""; ""Understanding the Language Of Backtesting""; ""Setting Up the Initial Test""

""Determining the Effect of Different Market Conditions""""Varying the Holding Period""; ""Testing Stock Price Level""; ""Using an Average Volume Filter""; ""Testing First Day Versus Second Day Volume""; ""Examining Key Moving Averages""; ""Investigating Bodies and Shadows""; ""Managing the Exit""; ""How to Avoid Curve Fitting: Extended Testing""; ""Final Results�How to Trade the Bullish Engulfing""; ""Chapter 3: Bearish Engulfing Patterns""; ""Definition of



Bearish Engulfing Pattern""; ""Determining the Optimal Market to Trade""; ""Varying the Holding Period""

""Continuing the Investigation� Effect of Different Filters""""Combining Filters""; ""Final Results�How to Trade the Bearish Engulfing""; ""Chapter 4: Hammer Patterns""; ""Determining the Optimal Pattern Definition�Shadows""; ""Testing Body Color""; ""Using a Price Filter""; ""Testing the Effect of a Volume Filter""; ""Revised Definition Means New Tests""; ""Final Results�How to Trade the Hammer Pattern""; ""Chapter 5: Hanging Man Patterns""; ""Backtesting the Basic Pattern""; ""Adding a Volume Filter""; ""Testing the Pattern Under Different Market Conditions""

""Refining the Testing""""Hanging Man Pattern Summary""; ""Chapter 6: Morning Star Patterns""; ""Standard Definition Assumptions""; ""A Closer Examination of Body Size""; ""Testing the Second Day Parameters""; ""Third Day Parameters""; ""Exit Strategies�Testing the Holding Period""; ""Morning Star Pattern Summary""; ""Chapter 7: Evening Star Patterns""; ""Initial Test On the Standard Elements""; ""Testing the Third Day""; ""Testing the Second Day""; ""Testing the First Day�What is Big""; ""Analyzing the Results""; ""Mod1 Evening Star""; ""Creating Mod2 Using a Volume Requirement""

""Evening Star Pattern Summary""""Chapter 8: Market Adaptive Trading Techniques""; ""Mat Step One: Develop, Test, and Understand Trading Tools""; ""Mat Step Two: Understanding Basic Market Statistics""; ""Mat Step Three: Using Trend Lines""; ""Mat Step Four: Writing Your Daily Trading Plan""; ""Market Adaptive Trading Summary""; ""About the Author""; ""Index""; ""Trading Resource Guide""

Sommario/riassunto

Candlesticks are one of the most widely used technical tools in trading. Designed to provide detailed, at-a-glance information, these charts are integrated into almost every web site and charting software solution. But, despite their popularity, the definitions of these candlestick patterns are often vague and misleading.   Now, for the first time ever, Steve Palmquist hands you the secrets for effectively using candlestick patterns in all market conditions. Data that would take years to compile and years to interpret is now at your fingertips.   Based on intensive back testing and research,