Japanese candlestick charting techniques : a contemporary guide to the ancient investment techniques of the Far East

Japanese Candlestick Charting Techniques, 2nd Edition, provides an in-depth explanation of candlestick plotting and analysis, conveying to the reader, in easy-to-understand language, the author's years of practical experience in this increasingly popular and dynamic approach to market analysis. It includes hundreds of examples that span the equity, futures, fixed-income, and foreign exchange markets and shows how candlestick charting techniques can be used in almost any market. It has been thoroughly updated to include:* New techniques and strategies* The author's concept of the Convergence (when a series of signals converge at one zone, thus increasing the chances for a market turn from that area)This new edition broadens the book's focus and all new updated charts, and information on several new areas such as day trading and how candlestick charting can be used to improve returns and help decrease market risk.It includes everything from the basics, such as constructing the candlesticks and learning the patterns, to advanced topics, such as the rules of multiple technical techniques.Whether you are new to candlestick charts or a seasoned pro-the reward will be immediate and long lasting. Over 100 years before these Western methods of chart analysis originated, the Japanese were using "candlestick" charting techniques for use in the rice futures market. This work features over 300 charts that use candlesticks techniques, and explains their use alone and with Western techniques. Here at last, the background and practical application of the unique and powerful Japanese charting techniques--known as candlestick charts--are fully explained for the first time. These colorful and exciting techniques are hot on the lips of leading analysts and traders worldwide