Encyclopedia of Chart Patterns (Wiley Trading) Review

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(More customer reviews)I don't even know Mr. Bulkowski, but I felt compelled to write this review. One particular reviewer points out a few apparent discrepancies in this 672 page volume of research. It does not matter whether you are an author or have been published in trading-related magazines.
The reviewer sarcastically poses that since the "rectangle bottom" stats on page 659 portray a zero faulure rate, that traders can get rich and never lose money!
If you truly read the entire text, including Mr. Bulkowski's opening remarks that define his fresh statistical-analysis approach, then everything falls into place.
Furthermore, the author addresses the "zero loss stat" for the rectangle formation on pages 440 and 444. He states that the "sample size" was small for this pattern and said: "Let me emphasize that because I did not find any failures of rectangle patterns with upside breakouts does not mean there are none."
This is a good and comprehensive book with a very fresh statistical approach for analyzing classic (and newer) bar chart formations. There is a wealth of information addressing each of the many patterns. It is offered up to the reader as copious amounts of quantified data that any trader/investor can draw from to incorporate into his or her own trading.
I too am an author, and I trade stocks full-time for a living. This book is a great resource and fits in the top 15 T.A. books of which I own roughly 300.
Yeah, he called a "dogi" a "hanging man." To me that doesn't detract from the other 671 pages.
Buy it, read it and use it!

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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 today?s 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. Place your order today.
"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

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Investing with Volume Analysis: Identify, Follow, and Profit from Trends Review

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(More customer reviews)Recognized with the Dow Award for his 2006 paper on volume, Buff is already a recognized expert on the subject. In that paper, he introduced the Volume Confirmation Price Indicator (VCPI). With this book, he furthers not only his reputation as probably the foremost expert on the subject but he also demonstrates that he is a talented story teller as he makes the history of technical analysis come alive for readers.
If we are perfectly honest, at least in my opinion, too many technical analysis books devote their first few chapters to the basics of technical analysis with a few comments on its historical perspective. I usually barely skim these sections because I've already read the story several dozen times and wonder why it needs to be repeated. Buff tells it differently, starting in the beginning with examples from Biblical times and moving forward through time to draw on Wyckoff and Schabacker rather than simply the standard facts about Edwards and Magee. He offers a story from Ralph Acampora about how John Magee faced an SEC inquiry where he was forced to defend the principles of technical analysis. While there are few true historians in the field, Buff joins their ranks with his very readable Part 1.
Behavioral finance theories factor into the explanations of why volume leads price. Technical analysts can appreciate that fact, but many only care about whether or not an idea makes money in the long run. A number of money-making tools are introduced in the book, including volume-weighted moving averages, volume-weighted MACD, and the Trend Thrust Indicator. Practical applications of these are developed, with the underlying logic and strategy explained. Traditional volume indicators are also included, making this a comprehensive review of volume analysis and is the only source needed to gain expertise on the topic. Not surprisingly, the book expands on the VPCI.
Test results are shown for many of the indicators, and the testing is very well designed. That is also different than what is commonly seen in technical analysis books where testing is often overlooked and many times the promised results can't be obtained. Buff shows what has happened, and does so in a way that inspires confidence that the indicators will work in the future.


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Analyzing volume can help you look deep inside trends, identify shifts more rapidly, and earn higher profits with less risk. Now, award-winning stock analyst Buff Pelz Dormeier explains how to make volume analysis work for you. Analyze volume responsiveness, reliability, risk, and returns–and use your insights to optimize your returns.

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