Steve nison japanese candlestick charting techniques

STEVE NISON JAPANESE CANDLESTICK CHARTING TECHNIQUES HOW TO
STEVE NISON JAPANESE CANDLESTICK CHARTING TECHNIQUES PROFESSIONAL

If youвЂ™re serious about learning how to use candlestick charts, you owe it to yourself to do it the right way.

Are used by those who do day trading, swing trading, active investing andВ for investing.

Can be used in all markets such as the stock market, forex market, or futures or commodity markets and can be a powerful trading tool for option trading.

This merging of Eastern and Western analysis will give you a jump on those who use only traditional Western charting techniques. Candlestick charts, however, will give you timing and trading benefits not available with bar charts.

Enhance Western charting analysis: Any Western technical tool you now use can also be used on a candlestick chart.Furnish unique market insights: candlestick charts not only show the trend of the move, as does a bar chart, but, unlike bar charts, candlestick charts also show the force underpinning the move.This will help you to enter and exit the market with better timing. Thus, market turns with candlestick charts will frequently be in advance of traditional indicators. Provide earlier indications of market turning points: candlestick charts can send out reversal signals in a few sessions, rather than the weeks often needed for a bar chart reversal signal.This is because, as will be shown later, the same data required to draw a bar chart (high, low, open and close) is used for a candlestick chart.

STEVE NISON JAPANESE CANDLESTICK CHARTING TECHNIQUES PROFESSIONAL

Are easy to understand: Anyone, from the person new to technical analysis to the seasoned professional trader can easily harness the power of candlestick charts.Candlestick charts are now used internationally by swing traders, day traders, investors and premier financial institutions. Japanese candlestick chart analysis, so called because the candlestick lines resemble candles, have been refined by generations of use in the Far East. This is where experience with candlestick charts comes in. For example, there are many times candlestick signals should be ignored. The goal of this section is to illustrate how candlesticks (and especially Nison candlesticks) can open new and unique tools for technical analysis, but since this is an introduction this will not provide a trading methodology.

There are many important candlestick patterns and trading tactics not discussed in this basic introduction. This section discusses only a few of the scores of candlestick chart patterns. You may have of some common candlestick chart patterns or candlestick terms like bullish engulfing pattern, doji, dark cloud cover, hammer and shooting star. And they can be used in all time frames, from those looking for long term investments to those who use swing trading or day trading, The power of candlesticks (also called Japanese candlestick charts) is that they excel at giving market turning points and when used properly can potentially decrease market risk exposure. вЂњA good beginning is the most important of things.вЂќ (Japanese proverb)Д¬andlestick patterns are a form of technical analysis and charting used in the stock market, forex market and all other markets.

Steve nison japanese candlestick charting techniques