Ok, considering i have not spent that much time reading this book, mainly because it creates nausium with all the statistical talk, i think its a pretty good book. Just know that its not a story or interviews or anything like that. Lots of percentages. The volume i bought actually has a reddish cover, i think its slightly newer. Also, i happened to switch over to learning how to trade using bar charts, i like it much better. The candles....work, but i hate how i see all the different candle signs i have learned all over the place!! And i think all the candle patterns are seen just as easy with the good ole HLCO bars. I recommend Japanese Candlestick Charting Techniques by Steve Nison if you want to learn about a bunch of candle signs/patterns...its an awesome book that i bought based on recommendations of two pro traders i follow. Good luck, never quit!!

This book is fine, it was just a bit too technical for me, but it is not the fault of the book but my interest in the subject matter. I found it for myself to be too difficult to digest. Again, it has nothing to do with the message, it was not what I needed and I don't think I will use it a lot. I believe you need to know a lot more about the technical analysis than I do, although I hve a finance background.

very well researcher and very useful book for any body who want to punt on the market.

The book is very good, perhaps so extensive, but it approach in detail all the formations some one can found in trading

Its just what its supposed to be a reference book . When it comes to trading its not that big a help. I am
learning that to make money its money managment and stop loss that makes the difference.

The book is very good, perhaps so extensive, but it approach in detail all the formations some one can found in trading

A Great piece of work! You won't find statements like "usually this is bullish", instead, you will see something like "This works 26% of the time and the prices rises an average of 18%. This book is written like an engineer thinks. Facts, Facts and Facts. Nice to see in a field (stocks) that has much more conjecture than stocks. I'm buying his other books! Thanks.

If I were to be deprived of all the trading books in my collection but one, that would be The Encyclopedia. Unlike other literature on the patterns, in this book you will not find clauses like "most of the time", "usually", "seldom". All the information as it's related to the pattern trading is thoroughly backtested.
Few words about the author are due here. I do not believe you will find more ethical individual in the trading community than Mr. Bulkowski is. Unlike others who use their books as an advertising medium to lure you into subscription to their services and seminars, the author simply does not do that. His web site is FREE and he sells nothing but his book.
I can't even say that this book is highly recommended or you should buy this book... Nothing like that. I believe you owe yourself having this book on your desk 24/7 if you are to trade chart patterns. If you do not trade chart patterns then... you should not trade at all as all the "indicators" are nothing but derivatives of the price and volume behavior. Turn of all that noise and focus on patterns and volume and that's what this book is teaching you to do.

This book is just like a dictionary that you can always turn to whenever you have unfamiliar words in the stock markets. It's a good company that you can keep by you side and frequently flip to pages of charts which you are foreign to.

This book is just like a dictionary that you can always turn to whenever you have unfamiliar words in the stock markets. It's a good company that you can keep by you side and frequently flip to pages of charts which you are foreign to.

without doubt this book is a complete cyclopedia of chart patterns but some parts are so streched .

Save yourself at least a year of back testing strategies using tradestation and collecting statistics.

This book is an encyclopedia, not a "psychological" trading type book. This is dry and technical information, statistics, numbers, etc. I wouldnt have it any other way. Make sure you have a trading platform that will allow you to put this information to good work.

This book is a must.

Many years ago, when I was a college student in China, one of my most enjoyable moments was to sit in library reading Encyclopedia Britannica, which always gave me new perspectives for the world. It was natural that the title of this book attracted my attention and I bought it immediately. What a wonderful reference book to add to my trading library! I only wish I had it before the market crashed in 2000, when I lost all my trading accounts.

This reader-friendly book consists of Part One Chart Patterns (53 chapters) and Part Two Event Patterns (10 chapters). Each chapter focuses on a specific chart pattern with informative details. The RESULTS SNAPSHOP and TOUR are very useful to give readers a general idea of each chart pattern. The IDENTIFICATION GUIDELINES and TRADING TACTICS give readers a practical trading guide. The STATISTICS shows the author's new approach to analyze each chart pattern scientifically. The SAMPLE TRADE is a fictitious story to illustrate a trading circumstance. The FOCUS ON FAILURES provides necessary warnings for each chart pattern. All the technically complicated information is smartly rendered in layperson's language. I think if every trader (day traders, swing traders, position traders, and buy-and-hold investors) reads this book, we will be on the same page and will act similarly. Then, our trading will become more consistently profitable.

Of course, this is not a book to read from cover to cover. Instead, it is a must-have reference book. Any time I found a chart pattern showing a potential for profits, I checked it with this encyclopedia and designed a proper plan to trade with the pattern. This way, I learned while I earned. However, this book is not a crystal ball, but a great trading tool, which you should master. Should we ask more from a book?

Guang Lu, Ph.D.

I have always wondered - how reliable are chart patterns? Now I know. Tom gives you every statistic necessary to give you the confidence needed to trade these patterns. If you want to know what each pattern should look like, what the average rise or decline is, what the success rate is of each pattern, how to deal with failed patterns and strategies for maximizing profit and minimizing risk - then this 2nd edition is a must.
I have been trading for 25 years and this is the first book I have read that gives me the confidence to take action.
Bravo Tom.
Vince