Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East, Second Edition

by: Steve Nison (0)

A form of technical analysis, Japanese candlestick charts are a versatile tool that can be fused with any other technical tool, and will help improve any technician's market analysis. They can be used for speculation and hedging, for futures, equities or anywhere technical analysis is applied. Seasoned technicians will discover how joining Japanese candlesticks with other technical tools can create a powerful synergy of techniques; amateurs will find out how effective candlestick charts are as a stand-alone charting method. In easy-to-understand language, this title delivers to the reader the author's years of study, research and practical experience in this increasingly popular and dynamic approach to market analysis. The comprehensive coverage includes everything from the basics, with hundreds of examples showing how candlestick charting techniques can be used in almost any market.

The Quotes

If an umbrella line emerges during a downtrend, it is a signal that the downtrend should end.

The engulfing pattern is a major reversal signal with two opposite color real bodies composing this pattern.

A prime use of the engulfing pattern is utilizing them as support or resistance.

The Reviews

In some way, the candle pattern is relatively intuitive, even without reading books. I usually can tell bullish or bearish by just looking at them, so I thought I know enough. However, by the time I have finished the last chapter in the book, I realized how much I have missed. This book not only presents a collection of candle patterns but also explains in great clarity for the underlying supply and demand forces. More importantly, the author combines price action, volume, resistance and support levels, and indicators to verify the patterns' validity throughout the book. The good book usually stops right here. But the author has gone far beyond, and he demonstrates how to combine the western chart patterns with the candle for double confirmation. Moreover, the author throws in some Japanese history that is related to candle history. Additionally, each Japanese candle name is explained in such an intuitive way to memorize. (e.g., Harami). The book is also printed on high-quality paper with big fonts and enough margin to write notes. Not only did I learn many new candle patterns in-depth, but also I enjoyed the quotes at the beginning of each chapter. This is truly the BEST book on the candle. The author, no wonder, is the expert and the master on this subject.

At a dollar per lesson, I learned a 1000 ways to NOT trade. The first trade I made after completing this book paid for the purchase of the book twice over. I can't believe what I didn't know that I didn't know ;) Well worth a place in any traders library.

Everyone knows my love for investing in real estate and the financial markets. I love reading finance books on trading, and this book is great. This book, when mixed in with other basic analysis, has improved my trading results.

Nison is the orginal introductor of candlestick patterns to the west. Many have rewritten guidelines on how to use them, but this is the best.As a Chartered Market Technician I refer only to Nison and no one else when analysing candlesticks.

The author is a little repetitive, but he does a great job of walking you through the basics of charting patterns with interesting anecdotes of its historical concept. I'm liking the material very much. However, the book itself is horrible. It smells...really bad. It's like it was dipped in formaldehyde before being shipped. I wear a mask to cover my nose when I read it to keep from triggering asthma.The cover must be made of cardboard or something weaker. If you store it upright it will sag and deform. The paper feels like it might be rice paper or something. Don't ever spill anything on this because it will probably melt. Plus the ink runs just from using a sticky tab as a book mark. I have never encountered any of these problems with any book in my life. Honest to God if there was a better quality copy I'd pay more for it.

If your looking to learn for a way to learn and earn I highly recommend you start by reading this book. I lost a significant amount of money I must admit but you cant make an omelet without breaking a few eggs.I was looking for a way to learn how to read the market better. What each candle meant and what the shadows or wicks were telling me.After reading this book it was as clear as day I could watch and trade with a lot more confidence. I could see the patterns, signs and indicators. I could see a Doji and BOOM the movement I was predicting happened. Based on what I learned and depending on the trend in the market.I highly recommend it and if you are looking to simplify your life and improve your approach read this book.

The chart patterns are nice to learn but in 2020 computer algo's will ID the info and trade on it way faster then the average trader. Best used for longer time scales.

Well, that explains it.. as a trader who hasn’t used candlesticks before I find this book extremely valuable. The book is clever and fun while being useful in getting down all the basics. I highly recommend it to experienced traders and it’s worth the time and money.

Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East, Second Edition
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