Getting Started in Candlestick Charting


Praise for Getting Started In Candlestick Charting

"Tina Logan offers the beginning trader an insightful blend of candlesticks with traditional technical tools. Her skillful use of candles, chart patterns, and indicators makes this book a first choice among traders or investors wanting to explore the world of candlesticks."
—Thomas N. Bulkowski, author of Encyclopedia of Candlestick Charts and

Encyclopedia of Chart Patterns, Second Edition

"Tina Logan has added significantly to the lore of Japanese candlestick literature with new and different insights for analysis. It has more depth than the 'getting started' in the title might suggest. All who are interested in learning about candlesticks should consider this book."
—Gregory L. Morris, Senior Portfolio Manager, PMFM, Inc., and author of

Candlestick Charting Explained, Third Edition and

The Complete Guide to Market Breadth Indicators

"Tina Logan utilizes her talents for training investors in how to use candlestick signals in a very clear and concise fashion, allowing investors to cut to the core of the important features of candlestick analysis. Every investor wanting to become familiar with the benefits of candlestick signals should read this book. Tina's illustration of how and where to use the signals successfully makes understanding candlestick signals very easy. I highly recommend this to all investors that want to understand the intricacies of price moves."
—Stephen W. Bigalow, President of the, and author of Profitable Candlestick Trading and High Profit Candlestick Patterns

"Tina Logan does an excellent job of showing the basics of candlesticks and how to improve on the methodology using unique charting tactics and technical analysis, and goes even further to show how you can spot high- probability reversal candles with the aid of computer analysis. This is an excellent book that does more than just 'get you started.' It helps you map out prime trading strategies to help you navigate into a successful trading career."
—John Person, President of, and author of Forex Conquered

Tina Logan is an active trader, coach, trainer, and speaker. Having spent several years tutoring traders, and possessing an in-depth understanding of technical analysis, Logan is known for her ability to break down technical trading concepts into easily digestible pieces so that novices can begin trading with confidence and clarity. Her Web site is

Preface vii

Acknowledgments xi


Chapter 1

Introduction to Candlestick Charting 3

Chapter 2

Constructing Candlestick Lines 11

Chapter 3

Candlestick Reversal Patterns 27

Chapter 4

More on Reversal Patterns 79

Chapter 5

Tails 91


Chapter 6

Price,Volume, and Volatility 99

Chapter 7

Trend Analysis 115

Chapter 8

Gaps 151

Chapter 9

Support and Resistance 175

Chapter 10

Putting Candlestick Reversal Patterns to Work 199

Chapter 11

Practice Sets 217

Conclusion 233

Appendix A 235

Appendix B 239

Glossary 243

Bibliography 249

About the Author 251

Index 253