Of the many current market indicators used by investors, Japanese "candlesticks," which have been used for many centuries in Japan, have emerged as a powerful method for trading strategies in the Western market. Although Japanese candlesticks are similar in many respects to conventional charting techniques, they provide a great deal more information about the markets' underlying psychological conditions. Author Gregory L. Morris shares his experience spent in Japan studying Japanese candlestick analysis in this book. CandlePower takes a direct approach to a new and exciting dimension of technical analysis. It addresses the basics, but at the same time it explains in detail how to identify and use the candlestick patterns. Morris demonstrates what is perhaps the single most important attribute of candlesticks: how candle patterns can be used as a filter, in conjunction with other technical tools, to identify high reward, low risk trades. Description from Amazon.com.
