All the basic one, two, and three formations from spinning tops and high wave candles to piercing lines and cloud covers to three soldiers, harami cross and evening doji stars are there. This is a great basic primer on candlestick charting techniques by the guy who allegedly introduced it into the west fifteen years ago. For other investors who want more “meat” and detailed information and explanation, then I would recommend Nison’s “Beyond Candlesticks” instead. The book contains a short “visual” glossary illustrating candlestick patterns.įor readers who are avid students and like to work through numerous exercises and examples of the basics of candlesticks, this book will serve their needs well. This allows the reader to determine his/her level of understanding and areas for further study. The last chapter entitled “Bringing It Altogether” asks you 42 questions about candlestick charting and provides the detailed answers. The purpose of this approach is to help the reader interpret each candle or pattern in a real market situation and learn from his/her experience. One chapter entitled “Progressive Charting” is about 50 pages long and contains a walk-through of an unfolding market scenario, a few candles at a time using 88 annotated charts. So, this is more of an instructional and teacher-student approach to the subject. In most all of the chapters, the review questions and answers take up more pages than the explanation of the candlestick pattern or the concept being taught. It then explains the concept, shows examples, provides highlighted key points, and then provides review questions, and detailed answers. Each chapter begins with a bullet-pointed list of learning objectives and key terms to watch for. This book is for those individuals who like to read about certain candlestick characteristics, and then test themselves on their level of understanding. I attended one of his Nison’s candlestick workshops at an investor expo, as well as reviewed his video and found them to be excellent educational vehicles.
Steve nison the candlestick course how to#
Steve Nison, CMT, the author of two previous volumes on candlesticks, and an educator, trader, and seminar speaker, has written a basic workbook on the fundamentals of candlestick charting and how to interpret and use only the most significant patterns. Not just a one-time read, The Candlestick Course can be used as a valuable reference source, and quick refresher course, time and again. Whether viewed as a supplement to Steve Nison?s other books and courses, or as your introduction to candlestick charting, this course book will familiarize you with the intriguing world of The Morning Star, The Hammer, The Dark Cloud Cover?and the many other powerful and precise patterns Nison shares with fellow traders and investors. Ties all the aspects of candlesticks together through interactive examples and visual tests.Includes a valuable “progressive charting” case study.Demonstrates how candlestick concepts can trigger potent decision-support tools that can confirm?or enhance?buy/sell signals.Tests your ability to accurately analyze and interpret candle charts.Reveals how to pinpoint critical market opportunities as they arise, by recognizing key candle signals.Provides a solid foundation to candlestick charts?reinforcing key skills as you go.This book is the ideal training tool for newcomers, and perfect for veterans looking to refine and hone their skills.įocused on the needs of today?s active traders and investors, Nison: Plus, each end-of-chapter quiz allows readers to perfect their charting abilities before moving on. From the basics through the more complex stages of pattern recognition, each chapter includes specific learning objectives, key terms, clear-cut instruction, and practical applications. In The Candlestick Course, Nison breaks new ground once again. “Candles,” he discovered, can signal shifts in trends and price patterns with amazing accuracy, and these “storyteller” charts also contain powerful applications for today?s volatile short-term markets. Steve Nison revolutionized the world of technical analysis when his two bestselling books introduced Japanese candlestick charting techniques to the western world.
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