Candlestick Patterns: Turning Investor Sentiment into High Profits
January 11, 2008
High Profit Candlestick Patterns
Turning Investor Sentiment into
Profits
By Stephen W. Bigalow
(from www.mo4forex.com) I’d like to make this post as a reminder to buy this book in the coming weeks, it comes highly recommended by a few trading experts I’ve come across along the way.
I learned to never really trust alot of Amazon reviews, simply because (facts aside) reading is a very subjective activity, much like film, or politics, so where one sees a crappy book, I might see something I didn’t know before.
I’ve read alot of the Japanese Candlestick pattern example sites and their take on the significance of each pattern and what it might do to the currency pairs in the Forex market. I’m wondering if this is enough by way of learning abou Candlestick patterns or is knowing the theory behind these patterns relevant to trading. I’ve heard some say ignore patterns because the price can go any which way, turning what you thought was a head and shoulders pattern (and you’ve positioned yourself accordingly) only to have the market go against you.
Below I have included two excperts from Amazon’s reviews, one is good and sounds honest from a trader who has reviewed multiple Forex books, and the other is a bad review from a first time reviewer. Use your own judgement on weighing the importance of these reviews
The ony downside to this Forex Book is it’s price, $90+ new, $60 used, so doing a little research is advisable before buying. Inevitably, if you know nothing about Forex and Candlestick Patterns, this book could be useful to you despite the price. But all 432 pages might take a while to read for me, even on weekends.






