The big problem I have with the book, which isn't the 'subjective' element that one reviewer complained about (which sort of misses the point I think of using any tool for trading) is that I think the examples are too clean. These days candlesticks are so commonplace that the idea of selling traders on their utility seems kind of unnecessary, but then again this book probably helped to their new massive acceptance.
The most valuable thing about these colorful names is it kind of helps explain or give a metaphor to what could be happening on a particular candle/bar or group of candles/bars.
I don't know what this book was like when it was first written, I can't imagine that it was really all that mind blowing, except that it maybe gave Western traders very colorful names for different types of price action. Nobody who really makes money in the market uses this stuff, and I know what I'm talking about."
My favorite review I saw of this book was nice and short, "A worthless piece of crap.
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