I thought this book is a skimmed version of the author's more expensive and extensive book "Trading Classic Chart Patterns". Yet whatever is the reason, the author invents a fictional character "Jake Murphy" to conversate throughout this book. This character really disconcentrate the reader through the content of the book. If you want to suffer peeling off "Jake" while reading this book for sake of saving a few dollars,...
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I have been interested in stock market trading for a long time. Mr. Bulkowski is the first author I have encountered who is extremely realistic about the risks involved in trading. He is frank about the reality that you will most likely lose money in trading. I appreciate that honesty. That said, he gives one tools about how to maximize profits and minimize losses, so that one can come out ahead overall. This is an extremely...
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Tom Bulkowski is the Man! As a novice, I found Bulkowski's rules of acquisition and disposition to be clear and concise. Chapter 11 "The Art of Trading - Checklists" is a reference bible that you can use religiously before trading. This book holds a wealth of knowledge for the beginner. I can't pretend to go in depth more than reviewer Mark Dankowski or Daniel J. Grill did. But, I would like to mention the one thing that...
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Price of the financial instruments exists in two states: dynamic up or down move ( trend ) or congestion ( more or less horizontal move ). Chart patterns are nothing but these congested areas. Patterns start where trend ends. Unlike other TA tools, chart patterns contain information. But to be able to derive it from the pattern you need to be able to read them. This book is a nice introduction on the patterns from the World-class...
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