The Candlestick Course

Steve Nison revolutionized the world of technical analysis when his two bestselling books introduced Japanese candlestick charting techniques to the western world. "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. In The Candlestick Course, Nison breaks new ground once again. 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. Plus, each end-of-chapter quiz allows readers to perfect their charting abilities before moving on. This book is the ideal training tool for newcomers, and perfect for veterans looking to refine and hone their skills. Focused on the needs of today’s active traders and investors, Nison: - Provides a solid foundation to candlestick charts–reinforcing key skills as you go - Reveals how to pinpoint critical market opportunities as they arise, by recognizing key candle signals - Tests your ability to accurately analyze and interpret candle charts - Demonstrates how candlestick concepts can trigger potent decision-support tools that can confirm–or enhance–buy/sell signals - Includes a valuable "progressive charting" case study - Ties all the aspects of candlesticks together through interactive examples and visual tests 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. Not just a one-time read, The Candlestick Course can be used as a valuable reference source, and quick refresher course, time and again. Cover Book......Page 1 Copyright......Page 4 Contents......Page 5 Foreword......Page 7 About the Author......Page 10 Introduction......Page 11 Section One - Candlestick Overview: Origins and Basic Applications\r......Page 14 Section Two - Candlestick Construction......Page 21 Section Three - Basic Market Strategies\r......Page 30 Section One - Spinning Tops and High Wave Candles\r......Page 37 Section Two - The Dangerous Doji\r......Page 52 Section Three - Long Real Bodies, the Consummate Storytellers\r......Page 63 Section One - Close Cousins: Piercing, Dark Cloud Covers, Engulfing and Counterattacks\r......Page 71 Section Two - The Harami and\r Harami Cross, Morning and Evening Stars ......Page 89 Section Three - Picturesque Storytellers: Tweezers, Crows and Soldiers\r......Page 99 Section Four - Disjointed Candles: Rising and Falling Windows\r......Page 110 CHAPTER FOUR\r - Taking Advantage of Market Opportunities ......Page 120 Section One - Candle Chart Applications\r......Page 122 Section Two - Trading Guidelines\r......Page 130 CHAPTER FIVE - Progressive Charting\r......Page 132 CHAPTER SIX - Bringing It All Together\r: Real-World Charts ......Page 185 Conclusion\r......Page 213 Visual Glossary of Candlestick Terms Used in This Book\r......Page 214 Index\r......Page 223