Money-Making Candlestick Patterns by Steve Palmquist Published by Marketplace Books

Steve Palmquist, distinguished trader and author, has just released his first book, Money-Making Candlestick Patterns: Backtested for Proven Results, through publisher Marketplace Books. In the book, market technician Steve Palmquist analyzes candlestick patterns and their relationship to other variables to provide new insight into how candlestick patterns are defined and affected by different market conditions. Famed educator Oliver Velez provides the foreword. Candlesticks remain one of the most widely used technical tools in trading, and with the recent volatility in the market, this is timely advice for traders. This book can be purchased at www.TradersLibrary.com.

Candlesticks have been covered by many in the past; but Palmquist has brought concrete results to this popular technical trading method. Palmquist, a former engineer, says that his ideas are derived from intensive back testing and research, processes that are natural for someone with his background. In this text, he clearly identifies six of the most popular candlestick patterns and then goes in-depth to show how backtesting can increase accuracy of use and profitability of the pattern under different market conditions. He also reveals common testing mistakes that often prevent traders from making money and even shares a candlestick pattern that has shown triple returns on investment in back testing.

Marketplace Books vice president John Boyer says, “Ultimately, this book is an extremely useful tool for those who want a new perspective on candlestick patterns. Steve does a tremendous job of drilling down and testing the variables that make these patterns tick. His research speaks for itself; and I’m just pleased to be a part of the team who brought this work to the industry.”

Author Steve Palmquist has been an active trader for over twenty years. Steve has shared various trading techniques at seminars across the country, presented at the Trader’s Expo, and has published trading articles in Stock and Commodities Magazine, Trader’s Journal, The Opening Bell, and Working Money. Steve is also the founder of www.daisydogger.com, a financial site that provides trading tips and techniques, and is the publisher of The Timely Trades Letter, in which he shares his market analysis, trading setups, and trading tips twice a week. Steve is a father of four and has a private pilot license with an instrument rating. #

About Marketplace Books and Traders Library: Based in Columbia, Maryland, Marketplace Books is the premier publisher of investment and trading material. Marketplace Books has been serving the needs of investors, professional traders, and financial advisors since 1995, often partnering with key industry players in the investment world. Traders’ Library is the preferred online bookstore for Marketplace Books products.

Marketplace Books
Traders’ Library
9002 Red Branch Road
Columbia, Maryland 21045
www.marketplacebooks.com
www.traderslibrary.com