Getting Started in Chart Patterns

A couple months ago, Tom Bulkowski, the author of Getting Started in Chart Patterns, sent me a copy of his book to review.

I've finished reading the book cover to cover, and overall it's a great book for any trader's personal library. The problem with a lot of technical analysis books is that they provide generic information that can be easily be found at sites like StockCharts.com or Investopedia. However, Tom's approach is unique in that he provides case studies of chart setups.

His book is a very thorough compilation of stock chart patterns including the common patterns like ascending triangles and head and shoulders. Again, what is very unique about his book is that he walks you through all the steps. First, he shows you how to identify the setup, and then he provides detailed strategies on how to trade the patterns, including stop-loss prices and sell targets.

He is very realistic in his charts, and even has statistics on how often chart patterns are successful or busted. He even has avg percent gains listed for every pattern. This book is a great buy for those who are getting started in technical trading, and for only around $12 at Amazon, it's well worth it!