Stephen W. Bigalow

Stephen W. Bigalow

Stephen W. Bigalow is the Director and Editor of the Candlestick Trading Forum ( He possesses over twenty-five years of investment experience, including eight years as a stockbroker with major Wall Street firms: Kidder Peabody & Company, Cowen & Company and Oppenheimer & Company. This was followed by fifteen years of commodity trading, overlapped with twelve years of real estate investing. He holds a business and economics degree from Cornell University, and has lectured at Cornell and at many private educational investment functions over the past twenty years.

Mr. Bigalow has advised professional traders, money managers, mutual funds and hedge funds, and is recognized by many in the trading community as the “professional’s professional.” He is an affiliate of the Market Technicians Association ( – A non-profit association of professional technical analysts) and a member of AAPTA, the American Association of Professional Technical Analysts. (

His first book, Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits, published by John Wiley & Sons, hit the market in January 2002. The book is directed towards the new investor all the way up to the most sophisticated professionals. It is written in a manner that easily demonstrates the wealth of information, about price movement and the investor psychology, built into the Candlestick signals. He emphasizes the fact that investors, especially the unsophisticated investor, can extract information from the signals. This information, filled with common sense investment principles, greatly expands an investor’s perspective. Reading the book eliminates the need to depend on investment professionals.

Mr. Bigalow’s second book, High Profit Candlestick Patterns: Turning Investor Sentiment into High Profits, published by Profit Publishing, was released in December 2005. This book takes trading to the next level, combining the proven results of Japanese Candlestick charting with effective Western technical analysis. The selfmastery of profitable investing is simplified with quick visual evaluations.

His experience with Candlesticks started over fifteen years ago. This was approximately the time that Candlesticks were first introduced into the United States. This extensive experience has been channeled into a concise and effective training procedure. Fifteen years of learning from mistakes and avoiding the potential pitfalls are consolidated into an easy to follow, comprehensive training program.

Throughout his investment career, Mr. Bigalow has directed his investment acumen towards developing improved methods for extracting profits from the investment markets. His research, encompassing all fundamental and technical methods, resulted in verifying that Candlestick analysis was superior to any other method. In consulting with money management and energy trading firms, he has successfully combined conventional research methods with Candlestick analysis to greatly enhance investment returns. His implementation of statistical analysis with the Japanese Candlestick methodology has produced some unique successful trading programs.

Mr. Bigalow has also played a role in creating effective methods for learning “how” to use Candlestick signals profitably. There are excellent books on the market describing Candlestick formation. The Candlestick Trading Forum was established to use that information to trade the signals profitably. You can learn more at

    [0] => stdClass Object
            [ID] => 47919
            [post_author] => 2
            [post_date] => 2009-11-15 12:00:25
            [post_date_gmt] => 2009-11-15 17:00:25
            [post_content] => 

Letter from the Editor

We are again presenting only a few articles in this month’s newsletter. MTA members are among the leading technicians doing great research and we are featuring a few samples of the work being done. In coming months, we hope to continue highlighting this type of original work. As always, if you’d like to share your work with your colleagues, please send it to us at In “An Interesting Application of Neural Nets,” we highlight how Parallax Financial Research is using neural networks to develop a complete investment methodology. Their combination of fundamental and technical inputs has resulted in a long-term winning strategy. Robin Carpenter presents a detailed analysis and thought-provoking piece on VIX, challenging the standard interpretation of this widely used indicator. Short-term traders will be interested in “Candlestick Kicker Signal = Powerful Profits” by Stephen W. Bigalow. While candlesticks are widely used, this article offers a fresh insight into the patterns. “Individual Monthly Charts for The 1924 to 1935 Period” is a partial reprint of a Safian Investment Research piece. The collection of charts and brief commentary are well worth reading for anyone trading today’s markets. Mark Twain is believed to have said, “History doesn't repeat itself - at best it sometimes rhymes.” Traders need to study history so that they can benefit from the repetitive patterns often found in the market, and Safian’s piece is a valuable collection of market history. We hope you find this collection of papers to be useful. Sincerely, Mike Carr, CMT [post_title] => Technically Speaking, November 2009 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-november-2009 [to_ping] => [pinged] => [post_modified] => 2020-03-20 17:00:34 [post_modified_gmt] => 2020-03-20 21:00:34 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 423002 [post_id] => 47919 [meta_key] => newsletter_content_2_contributor [meta_value] => a:1:{i:0;s:5:"47935";} ) )