Candlestick charting explained (3rd edition) PDF

Candlestick charting explained (3rd edition) PDF

Candlestick charting explained (3rd edition) PDF- Timeless Techniques for Trading Stocks and Futures – Inside this book you will discover candlestick charting, one of the most popular tools in technical analysis. Candlestick Charting Explained features updated charts and analysis as well as new material on integrating Western charting analysis with Japanese candlestick analysis, grouping candlesticks into families, detecting and avoiding false signals, and more.

Category: Technical Analysis

Author: Gregory L. Morris
with Ryan Litchfield 

Language: English

Free Download link: At the end of the post

Introduction- Candlestick charting explained (3rd edition) PDF

The classic Japanese candlestick reference, updated with all-new insights and tools to improve your predictive accuracy

Candlestick Charting Explained takes the subjectivity out of Japanese candlestick analysis by providing you with standardized, straightforward coverage of 89 powerful candlestick patterns. Inside you will learn what they indicate about current trader behavior and how you can use each to instantly improve your market knowledge and analytical precision.

In this revised and expanded third edition, candlestick expert Greg Morris updates his influential guidebook with valuable new material and patterns to give you:

  • Thorough coverage of candlestick patterns to allow instant analysis of investor attitude and probable market direction
  • Methods for integrating candlesticks with traditional Western charting analysis for enhanced signal verification
  • Completely new section by Ryan Litchfield dedicated to “Trading with Candlesticks”
  • Current insights into trader psychology, and how it impacts interactions between buyers and sellers

Its in-depth exploration of traditional as well as all-new candlestick charts, Candlestick Charting Explained will show you how to make candlestick charting a logical, understandable, and profitable component of your current trading program.

Empower your trading with Japanese candlestick charting

Japanese candlestick charts dramatically improve your understanding of short-term (less than a week) market sentiment, making you a much more informed and focused trader of stocks, futures, and indices. The bestselling Candlestick Charting Explained focuses on the patterns themselves and highlights the key facts you need to know to apply each pattern to your trading. For each of 89 distinctive candle patterns, its standardized format provides you with:

  • Commentary–Description of pattern and significance of its name, insights into unique features, and other concise explanation
  • Rules of Recognition–Simple rules for quick, accurate identification along with precise, day-by-day descriptions of pattern development
  • Scenarios and Psychology Behind the Pattern–Trading scenarios that could have led to the pattern’s development, with general discussion of the psychology of each
  • day’s action
  • Pattern Flexibility–Situations that change the pattern’s effectiveness with explanations of allowable deviations from the classic pattern
  • Pattern Breakdown–Instructions for reducing the pattern to a single candle line and whether or not outside confirmation is suggested or unnecessary
  • Related Patterns–Patterns that have similar formations, could be considered variations, or are a part of this pattern
  • Example–A graphic example of the pattern to both aid in recognition and eliminate costly confusion in pattern identification

Additional information and insights present different interpretations of candlesticks based on intraday instead of end-of-day events and action, improving signal reliability. The author’s unique candle pattern filtering concept, instrumental in answering the “how” question, is updated to utilize today’s larger universe of stock data. An all-new chapter provides practical application and perspective traders need to view candles in the context of today’s computer-driven marketplace.

For millions of traders, candlesticks have become a key tool in creating and verifying trading signals. Candlestick Charting Explained is the only book you need to start integrating their proven versatility and effectiveness into your technical trading program.

Table of contents- Candlestick charting explained (3rd edition) PDF

Foreword from the Second Edition
Foreword for the Third Edition by Tim Chapman
Preface from the Second Editio
Preface for the Third Edition

1. Introduction 1
2. Candlestick Lines 11
3. Reversal Candle Patterns 21
4. Continuation Patterns 211
5. Sakata’s Method and Candle Formations 281
6. The Philosophy behind Candle Pattern Identification 301
7. Reliability of Pattern Recognition 317
8. Candle Pattern Performance 351
9. Candle Pattern Filtering 361
10. Candlesticks for Traders 391
11. Conclusions 479

Appendix A: Interview with Takehiro Hikita 481
Appendix B: Derivative Charting Methods 489
Bibliography 497
Index 503
Special Offer 521


“This seminal work covers all of the major, and most of the minor, candlestick patterns and their stats, along with ample discussion of the “zen” behind the successful application of candlesticks to real-world trading. The stats alone are worth the price of the book. Chapter 10 on candlesticks for traders, guest-authored by Ryan Litchfield, is an outstanding addition to the current edition, chock full of clarifying concepts and diagrams.”Ray Erikson

“ether youre a beginner or an intermediate level you need this book as a consult book and study book. a must have”-

“Comprehensive and explains the psychology behinds the patterns. There’s a new section located towards the end of the book by Ryan Litchfield that could be a book of it’s own; it helps greatly in understanding the different patterns discussed in this book and then some. Honestly that section made the five stars for me.” – Ryan

About the author

Gregory L. Morris 

Recently semi-retired, Gregory L. Morris was Sr. Vice President, Chief Technical Analyst, and Chairman of the Investment Committee for Stadion Money Management, LLC. He also serves as the chairman of the Station Trust Board. In that capacity Greg educated institutional and individual clients on the merits of technical analysis and why Stadion utilizes a technical rules-based model. Greg oversaw the management of over $6 Billion in assets in six mutual funds, separate accounts, and retirement plans. Currently, Greg serves as a senior advisor for McElhenny Sheffield Capital Management in Dallas, Texas. From December, 2003 to May, 2005, Greg served as a Trustee and advisor to the MurphyMorris ETF Fund. He also served as Treasurer and Chief Executive Officer of MurphyMorris Money Management Co, the Advisor to the Fund. Greg currently writes a blog on called Dancing with the Trend.

Greg has written three books with McGraw-Hill; The Complete Guide to Market Breadth Indicators, a book introducing market breadth analysis for investors, a third edition (original edition in 1992) to his best-selling and vastly expanded Candlestick Charting Explained was released in March, 2006, and Candlestick Charting Explained Workbook, which was published in December, 2011. Greg recently completed his fourth book, “Investing with the Trend – A Rules-based Approach to Money Management” published by John Wiley under the Bloomberg Press label. This is a book about the flaws of modern finance, research on risk and trend analysis, and how to build a rules-based trend following model. In 2011, Greg produced Japanese Candlestick Pattern Recognition software for MetaStock. This is an add-on package that not only offers automatic identification of real patterns, but provides a sophisticated trend analysis measure and automatic support and resistance identification.

Greg was a member of the National Association of Active Investment Managers (NAAIM) where he was chairman of the Wagner Paper Contest, the American Association of Professional Technical Analysts (AAPTA), and the Market Technician’s Association (MTA). During college he was a member of the American Institute of Aeronautics and Astronautics.

From 1996 to 2002, Greg was CEO of MurphyMorris.Inc., the leading provider of web-based market analysis tools, education, and commentary. MurphyMorris, Inc. was acquired by, Inc. in October, 2002. In 1999, Greg and three associates started MurphyMorris Money Management Co. to manage assets for individuals. This focus was later changed to address the firm becoming the Advisor to the MurphyMorris ETF Fund in January, 2004, and later merged into the Stadion (PMFM) family of funds.

From 1994 to 1996, he was President of G. Morris Corporation, a Dallas, Texas headquartered business that provided products and services for investors and traders. His lead product was a series of over 450 Indicators & Trading Systems that supported most windows-based technical analysis software packages. From 1993 to 1994, Greg was part of MarketArts, Inc. which launched the first windows-based technical analysis software program, Windows on Wall Street.

In 1992 he published a book on Japanese candlestick analysis called CandlePower, now available in soft cover as Candlestick Charting Explained (McGraw-Hill). Widely recognized as an expert on candlesticks and the developer of candlestick filtering, he has lectured around the world on the subject. From 1982 until 1993, he worked in association with N-Squared Computing, producing over 15 technical analysis and charting software titles, many of which are actively used today. In May, 1989, he was awarded outstanding alumni for 1989 from Pratt County College.

Greg earned his pilot’s license in 1967 and flew many versions of Cessna (Cessna 150 maximum takeoff weight = 1,500 pounds) and Mooney single-engine aircraft. During his 7 years as a Navy pilot he flew the T2-C Buckeye, A-4J Skyhawk, and his favorite military jet, the F-4J Phantom. While in the Navy, he logged over 240 carrier landings (103 at night) and exceeded twice the speed of sound. From 1978 to his retirement in 2004, Greg was a Captain for Delta Air Lines flying the Boeing 727, Lockheed L-1011, McDonald Douglas MD-88, MD-90, Boeing 757, Boeing 767, and his favorite airliner, the McDonald Douglas MD-11 (maximum takeoff weight = 625,000 pounds). With his private pilot time, the Navy fighter pilot career (1971 – 1978), and airline career he accumulated 21,000 hours of flying time, and as he likes to say, never put a scratch on an airplane.

He graduated from the University of Texas at Austin in 1971, has a BS degree in Aerospace Engineering, has authored numerous investment-related articles, speaks at numerous seminars and investment groups, appeared many times on Financial News Network (FNN), Fox Business, CNBC, and Bloomberg TV. Greg was featured in Investor’s Business Daily in December, 2007, Business Week in July 2008, Barron’s in January, 2009, Stocks and Commodities in September, 2009, and Bloomberg Markets in May, 2011. Greg has been invited to Italy, Brazil, Vietnam, Canada, Hong Kong, Singapore, and China to lecture on the merits of technical market analysis. From 1971 to 1977, he was a Navy F-4 fighter pilot aboard USS Independence who was selected for, and graduated from, the Navy Fighter Weapons School known as Top Gun. Greg and his wife, Laura, live in McKinney, Texas.

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