Money making candlestick patterns PDF

Money making candlestick patterns PDF

Money making candlestick patterns PDF- Backtested for proven results shows how to appropriately use the most popular candlestick patterns in bull, bear, and sideways trends.

Category: Technical Analysis

tag: price patterns


Language: English

Free Download link: At the end of the post

Introduction- Money making candlestick patterns PDF

Candlesticks are one of the most widely used technical tools in trading. Designed to provide detailed, at-a-glance information, these charts are integrated into almost every web site and charting software solution. But, despite their popularity, the definitions of these candlestick patterns are often vague and misleading.

Now, for the first time ever, Steve Palmquist hands you the secrets for effectively using candlestick patterns in all market conditions. Data that would take years to compile and years to interpret is now at your fingertips.

Based on intensive back testing and research, Money-Making Candlestick Patterns shows how to appropriately use the most popular candlestick patterns in bull, bear, and sideways trends.

Built from PROVEN FACTS, not theory, you’ll learn:

  • Clear definitions of each selected pattern to remove guesswork and improve performance
  • Exactly what you need to know about back testing to increase your wins and minimize your losses
  • The impact of various market conditions on the most powerful patterns to remove surprises and increase profits
  • Keys to eliminating common testing mistakes that can prevent you from making money
  • The candlestick pattern that has shown triple ROI in back testing

This book rigorously tests the assumptions inherent in standard candlestick pattern definitions. Each chapter breaks down the pattern to examine how parameters such as current volume, average volume, and price level will impact results.

The definitions that most often produce profitable trades are identified and outlined with complete usage instructions for increasing your winning trade percentage.

In this book, technician Steve Palmquist hands you his years of research. The information on back testing and the insight into your favorite patterns will give you a seasoned advantage in a fraction of the time. Thorough and efficiently organized, this book will allow you to use candlestick patterns to exploit every move the market makes.

Table of contents- Money making candlestick patterns PDF

Chapter 1: Candlestick Basics and Testing Requirements
What is a Candlestick
Hammer and Hanging Man Candlestick Patterns
Bullish and Bearish Engulfing Candlestick Patterns
Morning and Evening Star Patterns
Testing Candlestick Patterns
Trading is a Statistical Business—Risk Management
Chapter 2: Bullish Engulfing Patterns
Determining Pattern Effectiveness
Understanding the Language Of Backtesting
Setting Up the Initial Test
Determining the Effect of Different Market Conditions
Varying the Holding Period
Testing Stock Price Level

Using an Average Volume Filter
Testing First Day Versus Second Day Volume
Examining Key Moving Averages
Investigating Bodies and Shadows
Managing the Exit
How to Avoid Curve Fitting: Extended Testing
Final Results—How to Trade the Bullish Engulfing
Chapter 3: Bearish Engulfing Patterns
Definition of Bearish Engulfing Pattern
Determining the Optimal Market to Trade
Varying the Holding Period
Continuing the Investigation— Effect of Different Filters
Combining Filters
Final Results—How to Trade the Bearish Engulfing
Chapter 4: Hammer Patterns
Determining the Optimal Pattern Definition—Shadows
Testing Body Color
Using a Price Filter
Testing the Effect of a Volume Filter
Revised Definition Means New Tests
Final Results—How to Trade the Hammer Pattern
Chapter 5: Hanging Man Patterns
Backtesting the Basic Pattern
Adding a Volume Filter
Testing the Pattern Under Different Market Conditions
Refining the Testing
Hanging Man Pattern Summary
Chapter 6: Morning Star Patterns
Standard Definition Assumptions
A Closer Examination of Body Size
Testing the Second Day Parameters
Third Day Parameters
Exit Strategies—Testing the Holding Period
Morning Star Pattern Summary
Chapter 7: Evening Star Patterns
Initial Test On the Standard Elements
Testing the Third Day
Testing the Second Day
Testing the First Day—What is Big
Analyzing the Results
Mod1 Evening Star
Creating Mod2 Using a Volume Requirement
Evening Star Pattern Summary
Chapter 8: Market Adaptive Trading Techniques
Mat Step One: Develop, Test, and Understand Trading Tools
Mat Step Two: Understanding Basic Market Statistics
Mat Step Three: Using Trend Lines
Mat Step Four: Writing Your Daily Trading Plan
Market Adaptive Trading Summary
About the Author


Money-Making Candlestick Patterns is another book in a long line of books professing a way to make money at trading. Unlike so many of those books, though, Palmquist’s writing style is fluid and easy to follow. His logical and ordered approach to discussing the somewhat abstract notion of trading with candlestick patterns transforms the abstract into the concrete, and his detailed discussion of MAT and how he applies it to his trading gives the reader practical and applicable trading information. Additionally, his overall sensibility regarding the fundamental truth about trading-successful trading is about putting the odds in your favor-flows throughout the book, and, if the reader gets nothing from the candlestick patterns Palmquist puts forth as money makers, this fundamental truth alone, if digested and truly understood, is worth the price of the

I am brand new to trading and wanted a book to give me some insight to patterns using candle charts, so I really liked this book. The book is very clear and easy to understand. Pictures are clear with arrows on what to look for with the different pattern he explains. Good read and will be using it to try some of these chart patterns.- smilebrightrado

About the author

STEVE PALMQUIST is a trader with more than 20 years of market experience who puts his own money to work in the market every day. Steve has shared trading techniques and systems at seminars across the country, presented at the Traders Expo, and published trading articles in Stocks & Commodities, Traders Journal, The Opening Bell, and Working Money.

Steve is the founder of, which provides trading tips and techniques, and the publisher of The Timely Trades Letter, in which he shares his market analysis, trading setups, and trading tips twice a week. Steve holds a BSEE from Washington State University, and a Masters in Electrical Engineering from the University of Illinois. Steve has been involved in the management and development of communications systems, high speed computers, test equipment, infrared vision systems, and color printers at companies such as Bell Laboratories, Integrated Measurement
Systems, Flir Systems, and Tektronix. He holds 10 U.S
patents. Steve is a father of four, and has a private pilot license with an instrument rating.

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