Technical analysis and candlesticks for medium and long-term investors starting from scratch: It's much easier than you think

About this book

Technical analysis and candlesticks study human behavior in the past , intending to estimate what that human behavior is likely to be in the future and make an economic return on it. Technical analysis is not a mathematical question difficult to understand or demonstrate but simply a question of logic and common sense , just like the Japanese candlesticks. And very easy to learn , even though at first glance it may seem very difficult, or only for those who are good at mathematics. Math is not required to employ technical analysis and candlesticks; only logic and common sense are required. I believe that medium and long-term investors should use technical analysis and candlesticks in conjunction with fundamental analysis because doing so will yield better results . Fundamental analysis should be used to decide "what" to buy , and technical analysis and candlesticks to decide "when" to buy . I hope this book will interest and please even those who believe that technical analysis is just "pinstripes".Summary Table of Chapter 1. What are technical analysis, chart analysis and candlesticks and what are they based on?What is a graphical analysis and what is it based on?What is technical analysis and what is it based on?What are Japanese candlesticks and what are they based on?How to create bar charts and candlestick chartsThe importance of volume in technical analysis and candlesticksChapter 2. Main figures in graphical analysisSupports and ResistancesHow to know if the current Support or Resistance is going to work or notTime reduces the strength of the Supports and Resistance, sometimesPullbacksTrendsIs it right to buy when the trend is down or sell when it is up?What are Trend Channels?Establishing sell points with Trend ChannelsWhat are graphic figures?Reversal and continuation figuresGapsHow to differentiate Exhaustion Gaps from Continuation GapsShoulder Head ShoulderInverse Shoulder Head ShoulderRectanglesFlags, Wedges and PennantsTrianglesDouble and Triple Bottoms and TopsFibonacci RetracementsRounded Bottoms and Rounded TopsChapter 3. Key technical indicatorsWhat are technical indicators and what are they for?What are Moving Averages and what are they for?MACD and MACDH, what are divergences and how do they work?Stochastic and Williams %RRSIAccumulation / DistributionAdvance / Descent LineHow to test new indicatorsChapter 4. Main Japanese candlestick patternsGeneral issues for all Japanese candlestick patternsHammer and Hanging ManShooting Star and Inverted HammerPiercing PatternDark CloudBullish Engulfing and Bearish EngulfingCounter-attack linesDoji, what they are and what implications they haveMorning StarEvening StarTower Bottoms and Tower TopsThree Mountains and Three RiversHaramiThree Black CrowsThree White SoldiersWindowsFrypan Bottoms and Dumpling TopsChapter 5. Bringing it all together. How to make investment decisions with these toolsLinking fundamental analysis with technical analysisThe monthly chartThe weekly chartThe daily chartChapter 6. General issues in technical analysis and candlesticksThey may be a "big hoax", but that does not make them any less usefulDo I need to know how to forecast each chart I analyse?What are logarithmic graphs, and how are they useful?Does technical analysis work for any time period?Does technical analysis work for any company, index, commodity, etc.?Is the reliability of each figure or indicator the same for all companies or assets?Is technical analysis infallible?Are stop-loss not used?Should we buy at all-time highs?Etc.