by Thomas Bulkowski
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Product Description
Use popular chart patterns profitably
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.
Thomas N. Bulkowski (Keller, TX), an active investor since 1981, is the author of the highly acclaimed Encyclopedia of Chart Patterns (Wiley: 0471295256) as well as numerous articles for Technical Analysis of Stocks & Commodities. Trained as a computer engineer, Bulkowski worked for over a decade at Tandy Corporation. Prior to that, he worked on the Patriot air defense system for Raytheon.
New technology and the advent of around the clock trading have opened the floodgates to both foreign and domestic markets. Traders need the wisdom of industry veterans and the vision of innovators in today's volatile financial marketplace. The Wiley Trading series features books by traders who have survived the market's ever changing temperament and have prospered-some by reinventing systems, others by getting back to basics. Whether a novice trader, professional or somewhere in-between, these books will provide the advice and strategies needed to prosper today and well into the future.
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Average Customer Review:
0 of 0 people found the following review helpful:
 The first to do "Evidence based technical analysis", 2008-08-17
This guy will teach you that a symmetrical triangle has three prognosis:
1. up;
2. down;
3. maintain in congestion.
Even though it is a very nice pattern and is headed to a rise. Which means: do your homework, pick the stock, but protect yourself and expect for everything...
0 of 0 people found the following review helpful:
 From the Stock Traders Headquarters library, 2008-05-03
This book covers most trading patterns and explains the statistical chances of each pattern being successful. Includes a scoring system for each pattern. Whether you believe in the probabilities in the book as they relate to each pattern is not important. The patterns themselves are the heart of the book in my opinion.
David Colletti
Founder
[...]
6 of 6 people found the following review helpful:
 Poorly written, Useless information, 2007-06-16
I found this book to be an irritation to read. The author maybe a successful investor but does not demonstrate rudimentary knowledge of data analysis, summation or writing skills. Nor does the author value the readers time or intelligence. For example you are left to guess what the standard deviation of the data is. The author claims that he has tested the significance of his work and yet doesn't bother to provide the user with sufficient information to draw the same conclusions.
The logic flow (if there is any) is poor at best. Further the reader is left to summarize his scribblings into something coherent and useful. He has some capricious point system that may or may not work. I simply don't have enough confidence in his logic or desire to invest my time on it. The volume of the book could be significantly reduced in size without loss of content perhaps by 50% or more.
The author had done a much better job on his"Encyclopedia". This in my opinion is an attempt to cash in on the laudable qualities of that book. Don't waste your time or money on this one.
6 of 8 people found the following review helpful:
Technical Analysis as a Statistical Science or Art, 2006-05-02
I read several TA books trying to explain the market partipicants' thoughts while investing in financial markets by looking at price patterns. Yet these approches seem somewhat fictious and boring to me all the time. I guess the best is to leave this subject to statistical analysis of chart patterns as in this book. This is the best book in TA if you agree with this viewpoint
18 of 20 people found the following review helpful:
Excellent, substantive book, 2004-03-23
I highly recommend this book to people interested in chart pattern analysis. It is not an "easy read" - it requires concentration and time. The level of detail and complexity, however, is what makes the book so useful.So many trading books put forth simple rules to trade and offer no evidence that their rules work. Anyone who's tried trading knows it is anything but simple - if it were, everyone could become a millionaire in their spare time after reading a couple of books or buying some infomercial product. This doesn't happen. What does happen is that the individual trader has to compete with people who have enormous 1) experience, 2) money, and 3) analytical resources - think big investment banks, hedge funds, and mutual funds. To even think of competing, you've got to learn as much as possible about the complexity of the market. It isn't simple, learn it in a weekend stuff - people spend years and millions of dollars trying to figure it out. So, in the quest to figure it out, this book is one good tool. It offers statistically backed information on which chart patterns work most often, under which conditions. It doesn't include every chart pattern (someone suggested his other book is more inclusive - I haven't read it yet). It is complicated and really not an introduction to technical analysis (there are a lot of good books for that). But assuming you know the basics, and you want to go a little deeper, it's a great book. Where else can you get this kind of tested information? Otherwise, you have to figure it out yourself - through experience (probably costly and not as thorough) or backtesting (certainly time consuming and not as thorough). I'd rather read the book.
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