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Of Candlestick Charting Louise Bedford.pdf !link! - The Secret

Louise Bedford's "The Secret of Candlestick Charting" outlines techniques for identifying market reversal and continuation patterns, focusing on the psychology behind candlestick movements to reveal buyer and seller sentiment. The book establishes seven rules for application, including validating trends, waiting for confirmation, and incorporating technical indicators for better accuracy. For a detailed look at these trading strategies, visit Scribd.

  • Practical entry/exit rules – Exact stop-loss placement based on candle wicks.
  • Trading psychology exercises – She includes self-tests to identify your bias (e.g., do you ignore bearish signals when you’re long?).
  • Australian/Asian market examples – Many books use US stocks; Bedford uses ASX and forex, giving a different flavor.
  • “Candlestick filter” for news – She teaches how to ignore a bullish news spike if it creates a bearish candle pattern.

If you are a day trader who relies on 1-minute charts, this book is too slow for you (it focuses on Daily/4H charts). But if you are a swing trader or position trader who wants to improve your entry timing by 30%, this book is pure gold. The Secret of Candlestick Charting Louise Bedford.pdf

Part 2: The "Secret" Revealed (What Bedford Teaches That Others Miss)

If you open The Secret of Candlestick Charting, you will learn about Dojis, Hammers, and Engulfing patterns. That is the boring stuff. The real secret of the book lies in three unique frameworks. If you are a day trader who relies

Rating: 4.5/5 stars

The Secret of Candlestick Charting by Louise Bedford provides a comprehensive guide for Australian traders, focusing on interpreting market psychology through 300-year-old Japanese techniques. The work emphasizes a disciplined, rules-based approach to identifying reversal and continuation signals, advocating for the integration of candlestick patterns with other technical indicators for improved trading accuracy. Further resources, including a home study course, are available from Trading Game such as hammer

Free Download: "The Secret of Candlestick Charting Louise Bedford.pdf"

Key Concepts

  • Candlestick anatomy: Each candlestick shows open, high, low, close. The body reflects buying vs selling pressure; wicks (shadows) show rejection or extension beyond the body.
  • Bullish vs bearish signals: Long-bodied candles indicate strong momentum; small bodies (spinning tops, doji) indicate indecision; long upper shadows suggest selling pressure; long lower shadows suggest buying support.
  • Reversal patterns: Important single- and multi-candle reversals include:
    • The basics of candlestick charting: understanding the different types of candlesticks, such as hammer, shooting star, and engulfing patterns
    • Reversal patterns: identifying potential trend reversals using candlestick patterns
    • Continuation patterns: recognizing patterns that indicate a continuation of the current trend
    • Chart analysis: using candlestick charts to analyze markets and make trading decisions