The ultimate guide to a critical tool for mastering the financial markets A longstanding form of technical analysis, Japanese candlestick charts are a dynamic and increasingly popular technical tool for traders of all skill levels. Known for its versatility, this ancient charting can be fused with every other technical tool available, including traditional Western technical analysis.
Japanese Candlestick Charting Techniques is the most comprehensive and trusted guide to this essential technique. Informed by years of research from a pioneer trader, this book covers everything you need to know, including hundreds of examples that show how candlestick techniques can be used in all of today’s markets.
This totally updated revision focuses on the needs of today’s traders and investors with:
• All new charts including more intra-day markets
• New candlestick charting techniques
• More focus on active trading for swing, online and day traders
• New Western techniques in combination with candles
• A greater spotlight on capital preservation.
From speculation and hedging to futures and equities, candlestick charting is the next level up for both amateur day traders and seasoned technicians, and this book provides expert guidance for putting it into action.
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.
Japanese investors have been using Candlestick Charts for over 100 years to predict market tops and bottoms. Now after extensive research, Steven Nison, the acknowledged Western expert on candlestick charting and president of his own research firm which provides customized technical analysis, shares with readers the technique in this best-selling and highly acclaimed guide. He gives hundreds of examples that span the futures, fixed-income, equity, and foreign exchange markets and shows how candlesticks techniques can be used in all of today's markets. Through such patterns as the "dark cloud cover" and "hanging-man lines" the reader will discover how candlestick techniques provide unique insights into various markets from the S&P to coffee futures. You'll learn how to construct, read, and interpret over 50 candlestick chart lines and patterns and how to meld your findings with traditional Western technical analysis methods. Published in conjunction with the New York Institute of Finance, this unique book is easy to understand and offers investors a valuable tool for making smart decisions.
