Before I get to the slick marketing message, let me give you a few examples of how I use the information in my candlestick book.Imagine that price has been trending upward for 5 bars and you see a bearish engulfing candle pattern.

Looking up the candle in the book, you read that it acts as a bearish reversal 79% of the time (page 308), and that 74% of the time (page 312) price reaches its price target (the height of the candle projected downward).If you then see price begin to falter, like it is thinking of reversing, you can exit the trade ahead of everyone else.
Before I make a trade, I look at the probability of the candle acting as a reversal or continuation, and how far price can be expected to move once I am in the trade (based on the candle height).That information is in my book, and it is well worth the cost of it.

Let me give you another example.

For Apple stock (AAPL) on November 13, 2007, I found an above the stomach candle.The book says (page 89) that the candle acts as a bullish reversal 66% of the time.The upward target is 183.39 with a 61% probability of reaching 191.33 (page 93).

A downward target is 139.84 with a 53% probability of reaching 130.28.The current close is 169.96.After a bumpy start, the stock moved up in a straight-line run to 187.70 on November 30, 2007 before pausing for a few days.

That is the kind of information you can get from my book, and that is how I put it to good use.

It gives me an edge over other traders that do not have such information.In short, it helps me make money.

Here is the slick marketing message: Candlestick patterns are footprints of the smart money and deciphering those footprints properly can bring traders and investors riches.Encyclopedia of Candlestick Charts takes an in-depth look at 103 candlesticks, from identification guidelines, to statistical analysis of their behavior, to detailed trading tactics.

Never before has a book combined a comprehensive list of candlesticks with a statistical review of their performance...until now.

This easy to read and use reference book follows the same format as the best-selling Encyclopedia of Chart Patterns.

In each chapter of Encyclopedia of Candlestick Charts you'll find:

- Behavior and Rank shows how each candle is theoretically supposed to work and how it actually does, with rankings against other candlesticks plus the psychology behind the pattern.
- Identification Guidelines describe what to look for.
- Statistics include the following tables: general statistics, height statistics, volume stats, reversal rates, and performance indicators.
- Trading Tactics discuss strategies to increase profits and minimize risk
- Sample Trade walks you through a hypothetical or actual trade using real data.
- For Best Performance is a quick reference table of selection tips to boost performance

Encyclopedia of Candlestick Charts also includes chapters covering important findings, a statistics summary, glossary/methodology, and a visual index to make candlestick identification easy.