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Strategies for Profiting with Japanese Candlestick Charts



Strategies for Profiting with Japanese Candlestick Charts

Steve Nison

ISBN: 978-1-118-53825-8 October 2012 256 Pages


From the introductory concepts through sophisticated applications—the most thorough, authoritative guide to harnessing the power of Japanese candlesticks

 The book that introduced traders everywhere how to unleash the awesome power of Japanese Candlestick is now better than ever! Written by the visionary who introduced candlesticks to traders in the West, this new edition of the international bestseller has been fully updated and revised for today’s more competitive and fickle markets. Your complete guide to all things candlesticks, it fills you in on what they are and where they come from, how to read and interpret them and how to use them to anticipate and capitalize on price moves and market changes with a degree of accuracy you never imagined was possible!  

  •  A rare opportunity to learn about this powerful charting technique from the man who introduced candlesticks to the West and the world’s premiere expert
  • Covers the most important candle patterns and breaks each down into its component parts with crystal clear explanations of what each part indicates  
  • Details strategies for combining candlesticks with other technical tools to spot big moves and find optimal exits 
  • Delivers expert advice and guidance on how to avoid costly candlesticks mistakes that even seasoned traders can make
  •  Shares proven strategies for using candlesticks for hedging and managing investment risk, along with techniques for making candlesticks a valued tool for swing and day trading

Publisher's Preface v

How to Use This Book vii

Meet Steve Nison ix

Introduction xi

Chapter 1: The Basics: Candlestick Construction 1

Chapter 2: Small Real Bodies and Long Sessions 13

Chapter 3: Analysis Based on Shadows 35

Chapter 4: Shooting Stars and High Waves 53

Chapter 5: Engulfing Patterns 69

Chapter 6: More Two-Candlestick Patterns 85

Chapter 7: The Harami and Morning or Evening Star 101

Chapter 8: Looking Through the Window 119

Chapter 9: Mysteries of Support and Resistance 139

Chapter 10: More Support and Resistance Insight 157

Chapter 11: Retracement and Divergence 177

Chapter 12: Head and Shoulders Analysis 193

Chapter 13: Candlesticks in Context 211

Resources 239 Wiley Trading Resources Available