|
|
|
Bulkowski’s Books
|
Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P 500 (^GSPC):
|
As of 03/11/2010
10,611.84 44.51 0.4%
4,320.38 24.66 0.6%
378.79 1.34 0.4%
2,368.46 9.51 0.4%
1,150.24 4.63 0.4%
|
YTD
1.8%
5.4%
-4.8%
4.4%
3.2%
|
Tom’s Targets
 380 by 03/15/2010 |
CPI:  on 02/09/2010 |
|
|
Written by and copyright © 2005-2009 by Thomas N. Bulkowski. All rights reserved.
Below, hover your mouse on a book picture for pricing information then click on it to take you to
Amazon.com for browsing and buying. Anything purchased at Amazon.com through this website (by clicking on a book link) helps support this site.
One of the questions I am asked often is what is the difference between my books. Encyclopedia of Candlestick Charts is all about candlesticks, tearing apart how they work
using simple statistics and user-friendly analysis. Encyclopedia of Chart Patterns is the same as the Candlestick book, but it covers chart patterns and event patterns.
Trading Classic Chart Patterns introduces a scoring system to help you select chart patterns that work. Getting Started in Chart Patterns is a book about
chart patterns for
both the novice and expert trader because it covers areas of chart patterns not discussed in my other books. But you can think of it as a lite version of my Encyclopedia of Chart Patterns
book with a less in-depth look at chart patterns and a heavier focus on how to trade them.
|
|
Encyclopedia of Candlestick Charts
 
Before I get to the slick marketing message, let me give you a few examples of how I use the information in my candlestick book. Imagine that price has been trending upward for 5 bars
and you see a bearish engulfing candle pattern. Looking up the candle in the book, you read that it acts as a bearish reversal 79% of the time (page 308), and that 74% of the time
(page 312) price reaches its price target (the height of the candle projected downward). If you then see price begin to falter, like it is thinking of reversing, you can exit the trade ahead
of everyone else.
Before I make a trade, I look at the probability of the candle acting as a reversal or continuation, and how far price can be expected to move once I am in the trade (based on the
candle height). That information is in my book, and it is well worth the cost of it.
Let me give you another example. For Apple stock (AAPL) on November 13, 2007, I found
an above the stomach candle. The book says (page 89) that the candle acts as a bullish reversal 66% of the time. The upward target is 183.39 with a 61% probability of reaching 191.33
(page 93). A downward target is 139.84 with a 53% probability of reaching 130.28. The current close is 169.96. After a bumpy start, the stock moved up in a straight-line run to 187.70 on November 30, 2007 before
pausing for a few days.
That is the kind of information you can get from my book, and that is how I put it to good use.
It gives me an edge over other traders that do not have such information. In short, it helps me make money.
Here is the slick marketing message: Candlestick patterns are footprints of the smart money and deciphering those footprints properly can bring traders and
investors riches. Encyclopedia of Candlestick Charts takes an in-depth look at 103 candlesticks, from
identification guidelines, to statistical analysis of their behavior, to detailed trading tactics. Never before has a
book combined a comprehensive list of candlesticks with a statistical review of their performance...until now.
This easy to read and use reference book follows the same format as the best-selling Encyclopedia of Chart
Patterns.
In each chapter of Encyclopedia of Candlestick Charts you’ll find:
- Behavior and Rank shows how each candle is theoretically supposed to work and how it actually does, with rankings against other candlesticks plus the psychology behind the pattern.
- Identification Guidelines describe what to look for.
- Statistics include the following tables: general statistics, height statistics, volume stats, reversal rates, and performance indicators.
- Trading Tactics discuss strategies to increase profits and minimize risk
- Sample Trade walks you through a hypothetical or actual trade using real data.
- For Best Performance is a quick reference table of selection tips to boost performance
Encyclopedia of Candlestick Charts also includes chapters covering important findings, a statistics summary, glossary/methodology, and a visual index to make candlestick identification easy.
Endorsements (from the book cover):
"Great research, great organization, and a wealth of information. Not only does Tom identify the best formations, he shows the practical way to trade each one. And, he puts the best results
right in front, rather than playing hide-and-seek with the reader. You don’t need to be a chartist to get value from this book. I highly recommend it." -- Perry Kaufman, author of
New Trading Systems and Methods, Fourth Edition
"Man cannot live on bread alone, and according to Tom Bulkowski’s research, one cannot trade by candlesticks alone. Tom’s intensive statistical work seeks out the truth
in the frequency and reliability of trading with candlestick charts. His exhaustive and thorough research will give the reader an eye opener to help guide them in their trading decisions.
This is a must-read edition of a high-caliber piece of trading literature for every trader who uses candlecharts." -- John Person, author of Candlestick and Pivot Point Trading
Triggers and President of Nationalfutures.com.
"When I wrote the Third Edition of Candlestick Charting Explained, I believed I had thoroughly covered every aspect of this respectable analysis technique. Tom has written
a solid reference that can easily be used in coordination with other books in this exciting field. The Encyclopedia of Candlestick Charts is a reference that every technical
analyst will want to own." -- Gregory L. Morris, Senior Portfolio Manager, PMFM, Inc, and author of Candlestick charting explained, third edition and The Complete
Guide to Market Breadth Indicators.
|
|
Encyclopedia of Chart Patterns, Second Edition
 
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. Bulkowski tells you how to trade the significant events --
such as quarterly earnings announcements, retail sales, stock upgrades and downgrades -- that shape todays trading and
uses statistics to back up his approach. This comprehensive new edition is a must-have reference if you’re a
technical investor or trader.
From the Inside Flap
The Encyclopedia of Chart Patterns, recognized as the premier reference on chart pattern analysis, extends its lead
with this Second Edition. 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.
Significant events-such as earnings announcements, stock upgrades and downgrades-shape today’s trading, and
Bulkowski gives readers the best information on what happens after those events occur. He also shows you how to trade
them and uses reliable statistics to back it all up.
In each chapter of Encyclopedia of Chart Patterns, Second Edition you’ll learn the following about each pattern:
- Results Snapshot-A statistical summary of pattern behavior, including its performance rank, break even failure rate,
average rise or decline-all separated by breakout direction and market type (bull or bear)
- Tour-A broad introduction to the pattern
- Identification Guidelines-Characteristics to look for
- Focus on Failures-What failed patterns look like, why they failed, and how to avoid them
- Statistics-The numbers and what they tell you, separated into bull/bear markets and breakout direction, including
average rise or decline, failure rates, volume shapes, performance by size, and busted pattern performance
- Trading Tactics-Strategies to increase profits and minimize risk
- Sample Trade-Puts it all together, showing the chart pattern in action, with hypothetical or actual trades using
real data
- For Best Performance-A table of selection tips to boost performance
Encyclopedia of Chart Patterns, Second Edition also includes summary tables ranking chart- and event-pattern
performance for easy reference; a glossary; a chapter on methodology explaining what each statistical table entry means
and how it was calculated; and a visual index to make chart pattern identification a snap.
The result is today’s most comprehensive and valuable technical analysis reference-one that will save you
critical time in identifying chart patterns and increase your likelihood of buying near the price bottom and selling
near the top.
This book was named one of the year’s top investment
books in 2003 by Stock Trader’s
Almanac 2003 (page 98). The Encyclopedia of Chart Patternshas been cited in
Candlesticks,
Fibonacci, and Chart Pattern Trading Tools by Robert Fischer and Jens Fischer (
pages 88-89, 107), Technical Analysis for Dummies by Barbara Rockefeller (
pages 154 - 165), Advanced
Options Pricing Models, by Jeffrey Katz and Donna McCormick (page 382) and many
other titles (Amazon.com has the full list). The Encyclopedia of Chart Patterns
is available in Orthodox Chinese and German, Russian, French and Simplified
Chinese translations are pending.
Amazon.com has a “search
inside the book” where you can look at the table of contents, view an excerpt, and do a search.
Endorsements (from the book cover):
"The most complete reference to chart patterns available. It goes where no one has gone before. Bulkowski gives hard
data on how good and bad the patterns are. A must-read for anyone that’s ever looked at a chart and wondered what
was happening."
-- Larry Williams, trader and author of Long-Term Secrets to Short-Term Trading.
"Chart patterns are the basics behind most trading methods, and this book is a great achievement in a highly useful format. Bulkowski has taken an intelligent and thoughtful
approach to producing a practical guide to understanding and trading chart formations." -- Perry Kaufman, author of
New Trading Systems and Methods, Fourth Edition and A Short Course in Technical Trading.
Praise for the first edition
"Not since Edwards and Magee has someone put together so comprehensive an assemblage of market behavior expressed graphically. No chartist should be without this book." -- John
Sweeney, Interim Editor Technical Analysis of Stocks & Commodities.
Encyclopedia of Chart Patterns . . . is a valuable contribution to the existing literature on charting and should be considered an indispensable reference by any serious
chart trader." -- Edward D. Dobson, President, Traders Press, Inc.
"Meticulously researched, complete, and insightful, the Encyclopedia has earned a permanent place on my trading desk as a highly valued resource." -- Thomas A. Bierovic,
Manager, Strategy Testing & Development, Omega Research, Inc.
|
|
Trading Classic Chart Patterns
 
Trading Classic Chart Patternsis a
combination narrative and reference book (mostly reference). This book was named
“The best investment book of the year”
by Stock Trader’s Almanac 2003 (see page 94 of that book). Trading
Classic Chart Patterns has been cited in Candlesticks, Fibonacci, and Chart
Pattern Trading Tools by Robert Fischer and Jens Fischer (Wiley 2003, pages
88-89). Translations into Simplified Chinese and German are pending.
In his follow-up to the well-received Encyclopedia of Chart Patterns, Thomas Bulkowski gives traders a practical game plan to capitalize on established chart patterns. Written for the novice investor but with techniques for the professional, Trading Classic Chart Patterns includes easy-to-use performance tables, vivid case studies, and a scoring system that makes trading chart patterns simple. This comprehensive guide skillfully gives investors straightforward solutions to profitably trading chart patterns. Trading Classic Chart Patterns also serves as a handy reference guide for favorite chart patterns, including broadening tops, head-and-shoulders, rectangles, triangles, and double and triple bottoms. Filled with numerous techniques, strategies, and insights, Trading Classic Chart Patterns fits perfectly into any pattern trader’s arsenal.
From the Inside Flap
From the author of the Encyclopedia of Chart Patterns comes his latest work, Trading Classic
Chart Patterns, a groundbreaking primer on how to trade the most popular stock patterns. Written for the novice
investor but containing techniques for the seasoned professional, this comprehensive guide includes easy-to-use
performance tables supported by statistical research. By using a simple scoring system, you’ll learn how to predict the
performance of a chart pattern almost by looking at it.
If you’re new to chart patterns, technical analysis, or to stock market investing itself, the "Getting Started"
section provides new ideas on trendlines, support and resistance, placing stops, and avoiding common investment
mistakes. As your trading knowledge and experience increase, the "Trading Classic Chart Patterns" section will serve
as a handy reference guide for your favorite chart patterns, including broadening tops, head-and-shoulders, rectangles,
triangles, and triple tops and bottoms. You’ll quickly learn about the Adam-and-Eve combinations of double tops and
bottoms, and how to select the best performers while avoiding the losers.
You’ll discover:
How to use the price trend leading to a chart pattern as a gauge of future performance
Why breakout gaps often improve performance-but by less than you think
- How tall formations perform substantially better than short ones
- What a partial decline is and how to buy in early for a larger profit
- Whether high breakout volume really improves performance
- How to identify horizontal consolidation regions that may stop prices dead in their tracks
- A new tool, called the horizon failure rate, to assess performance over time
The scoring system makes trading chart patterns simple. Use the performance tables to score your stock pattern, then
add up the scores. If they total above zero, the stock is an investment candidate; if they are below zero, you’ll
know to avoid that particular stock. It’s that easy!
Trading Classic Chart Patterns is a trader’s reference that’s destined to become a
classic. This book is an invaluable resource that provides the obvious answer-Yes!-for every investor who has wondered
if trading chart patterns can be profitable.
Endorsements (from the book cover):
"No one -- not even the pioneers of technical analysis like Dow, Schabacker, Edwards, and Magee -- has ever published such an in-depth and objective research on chart patterns as
Thomas Bulkowski has in his Encyclopedia of Chart Patterns and his new book, Trading Classic Chart Patterns. Bulkowski sees farther, not only because he stands on
the shoulders of those giants, but also because he has the creativity necessary to develop new methods of quantifying the performance of chart patterns and the tenacity required
to carry out the laborious research. Highly recommended!" -- Thomas A. Bierovic, author Playing for Keeps in Stocks & Futures: Three Top Trading Strategies That Consistently
Beat the Markets
|
|
Getting Started in Chart Patterns
 
This paperback is as entertaining as it is informative.
Filled with in-depth insights and practical advice, Getting Started in Chart Patterns is designed to
help both new and seasoned traders profit by tracking and identifying specific chart patterns. Expert Thomas Bulkowski
opens with a basic discussion of chart pattern formation and how bad habits can hurt trading. He then moves on to
introduce over 40 key chart formations as well as numerous trading tactics that can be used in conjunction with them.
Readers will benefit from the specifics (actual trades with dollar amounts) outlined throughout the book and the frank
discussions of how trading behavior can affect the bottom line. Anecdotes from Bulkowski’s own trading
experiences are also included to shed light on how one of the best in the business goes about trading with chart
patterns. Use Amazon’s “search inside the book” for more details.
Testimonial
"I started out in late 2003 with $123,000 in our multiple IRA accounts. My results, focusing exclusively on the
Precious Mining Junior Exploration Companies, really took off AFTER I read your [Getting Started in Chart Patterns]
book. By March 2006, our IRA accounts had exceeded $1,000,000. Your explanations of Support & Resistance; Fibonacci
retracements; and High, Tight Flag formations really paid off!" -- email from Rich K. of California
Endorsements (from the book cover):
"When it comes to chart reading, Thomas Bulkowski can be categorized as a sui generis (constituting a class alone). Combining objective analysis with a fictional element has resulted in a highly entertaining read, one that any trader will benefit from." Jayanthi Gopalakrishnan, Editor of Technical Analysis of Stocks & Commodities magazine.
"Nobody explains the nuts and bolts of how - exactly - to use chart patterns to make real money in trading like Tom Bulkowski. I always do better in my own trading after reading a Bulkowski book. This is the practical, down-to-earth guidance you have been looking for in books on technical analysis. Bulkowski doesn’t give you platitudes - he gives you live examples. Even better, he admits that patterns don’t always deliver what we expect and he quantifies both success and failure rates for the top moneymaking patterns. Nobody writes about chart work better than Bulkowski." - Barbara Rockefeller, independent trader and advisor (www.rts-forex.com), author of Technical Analysis for Dummies.
"In Getting Started in Chart Patterns, Bulkowski offer easy-to-apply advice for looking at charts and making them work more effectively for you in your trading. It is his passion; it probably also will become yours after reading this book. A must for budding technicians!" - Gail Osten, Executive Editor of Stocks, Futures & Options (SFO) magazine.
|
Book Corrections
The publisher corrects the books as new printings occur. If you find a mistake, then contact me,
Tom Bulkowski.
Encyclopedia of Candlestick Charts
- Page 11: Change "chart patterns" to "candlesticks" in the first paragraph, second sentence: "The percentage of chart patterns with breakouts within a third of the designated..."
should read, "The percentage of candlesticks with breakouts within a third of the designated..."
-
Fix the last two paragraphs by swaping the phrases, "overhead resistance" with "underlying support."
Find: "Gaps in an uptrend (rising window): Price finds overhead resistance" and replace with: "Gaps in an uptrend (rising window): Price finds underlying support"
- In the last paragraph, find, "Gaps in a downtrend (falling window): Price finds underlying support" and replace with, "Gaps in a downtrend (falling window): Price finds overhead resistance"
- Page 182, two lines below Behavior and Rank heading: Change "60% of th time" to "Change 60% of the time"
- Page 407: change the Figure 46.2 caption from bearish to bullish harami cross.
Encyclopedia of Chart Patterns, 2nd Edition
- Page 28: "Short-term bearish reversal" should be "Short-term bullish continuation"
- Page 29: "Short-term bearish continuation" should be "Short-term bearish reversal"
- Page 248, Table 15.1, Breakout volume. Change ’Heavy’ to ’Light’ as in ’Light breakout volume is best.’
- Page 248, bottom of page, Breakout volume. Change the sentence to read, ’Look for light breakout volume
but do not discard an EADB just because the breakout occurs on above-average volume.’ Two changes were made
to the sentence, the words ’heavy’ to ’light’ and ’below’ to ’above.’
- Page 376 to 388, even numbered pages, the header should read ’Head-and-Shoulders Bottoms’ not ’Heads...’
- Page 379, line 4 down from the top. Change "by signal sooner" to "buy signal sooner".
- Page 406 to 436, even numbered pages, the header should read ’Head-and-Shoulders’ not ’Heads...’
- Page 532, third line down from the top. Change "about a week shorter" to "about a week longer".
- Page 627, Table 41.1, Width. Change ’trend’ to ’tend’ as in ’Scallops tend to be wider...’
- Page 756: swap 164 and 197 in Table 49.2. It should read: 197 R and 164 C
- Page 902: Table 59.5 is wrong. Here is the corrected table.
| Days | 7 | 14 | 21 | 28 | 35 | 42 | 49 | 56 | 63 | 70 | >70 |
| Bear market | 25% | 8% | 9% | 7% | 8% | 6% | 3% | 3% | 0% | 2% | 29% |
| Bull market | 18% | 7% | 5% | 4% | 3% | 4% | 4% | 3% | 2% | 2% | 48% |
- Page 950, page bottom: "Short-term bearish continuation" should be "Short-term bearish reversal"
- Page 970. Break-even failure rate rank for Rectangle Bottoms, down breakout. Rank should be 14, not 15. And change
Rectangles to Rectangle. Overall Rank changes from 12 to 11 and the others move up by 1 through Island Reversals, down
breakout (which has an overall rank of not 21 but 20).
- Page 972, about a third of the way down. Change ’Cup with Handdle" to ’Cup with Handle.’
Getting Started in Chart Patterns
- Page 23, second bullet item down from the top. Should read ’Expect a larger price rise’ not decline.
- Page 218, Broadening Formation, Right-Angled and Ascending picture in the lower left. Ignore the arrow.
- Page 219, Table 9.3. Change -50% to 50%.
- Page 219, Paragraph immediately below Table 9.3. Change ’downward breakouts,’ to ’upward breakouts,’
Trading Classic Chart Patterns
- Page 63, Table 3.3. Change ’Percentage above Breakout Price’ to ’Percentage above or below Breakout Price’
- Page 164, Table 8.15. Third column, ’Adam & Adam’ should be ’Eve & Adam’
-- Thomas Bulkowski
|
|
. If you buy ANYTHING, they pay for the referral.
