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Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East, Second Edition - Hardcover | Diverse Reads

Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East, Second Edition

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The ultimate guide to a critical tool for mastering the financial markets
 
A longstanding form of technical analysis, Japanese candlestick charts are a dynamic and increasingly popular technical tool for traders of all skill levels. Known for its versatility, this ancient charting can be fused with every other technical tool available, including traditional Western technical analysis.
 
Japanese Candlestick Charting Techniques is the most comprehensive and trusted guide to this essential technique. Informed by years of research from a pioneer trader, this book covers everything you need to know, including hundreds of examples that show how candlestick techniques can be used in all of today’s markets.
 
This totally updated revision focuses on the needs of today’s traders and investors with: 
• All new charts including more intra-day markets 
• New candlestick charting techniques 
• More focus on active trading for swing, online and day traders 
• New Western techniques in combination with candles 
• A greater spotlight on capital preservation. 

From speculation and hedging to futures and equities, candlestick charting is the next level up for both amateur day traders and seasoned technicians, and this book provides expert guidance for putting it into action.

ISBN-13: 9780735201811

Media Type: Hardcover

Publisher: Penguin Publishing Group

Publication Date: 11-01-2001

Pages: 320

Product Dimensions: 8.22(w) x 11.12(h) x 1.01(d)

Age Range: 18 Years

Steve Nison is the foremost leader of the art of using candlestick charting as an analysis tool in studying market trends and making investment decisions. He owns and runs Nison Research International, a firm that provides technical advisory and on-site seminar services to major financial firms. He is a highly sought-after speaker who has presented his techniques to thousands, including members of the World Bank and the Federal Reserve.

Table of Contents

Preface v
Acknowledgments vii
About the Author xi
Chapter 1 Introduction 1
What's New in This Book 2
Why Have Candle Charting Techniques Captured the Attention of Traders and Investors Around the World? 2
Who Is This Book For? 4
Some Background 5
What Is in This Book? 7
Some Cautions 8
The Importance of Technical Analysis 11
Chapter 2 A Historical Background 15
Part 1 The Basics 21
Chapter 3 Constructing the Candlestick Lines 23
Drawing the Candle Lines 25
Chapter 4 Reversal Patterns 31
Umbrella Lines 32
Hammer 34
Hanging Man 38
The Engulfing Pattern 42
Dark-Cloud Cover 49
Piercing Pattern 55
Chapter 5 Stars 61
The Morning Star 62
The Evening Star 66
The Morning and Evening Doji Stars 70
The Shooting Star and the Inverted Hammer 74
The Shooting Star 75
The Inverted Hammer 77
Chapter 6 More Reversal Patters 81
The Harami Pattern 82
Harami Cross 83
Tweezers Tops and Bottoms 87
Belt-Hold Lines 93
Upside-Gap Two Crows 95
Three Black Crows 97
Three Advancing White Soldiers 99
Three Mountains and Three Rivers 103
Counterattack Lines 109
Dumpling Tops and Frypan Bottoms 114
Tower Tops and Bottoms 119
Chapter 7 Continuation Patterns 125
Windows 126
Tasuki 134
High-Price and Low-Price Gapping Plays 136
Gapping Side-by-Side White Lines 139
Rising and Falling Three Methods 142
Separating Lines 150
Chapter 8 The Magic Doji 155
The Northern Doji (Doji during Rallies) 158
The Long-Legged Doji (Rickshaw Man), the Gravestone Doji, and the Dragonfly Doji 161
The Tri-Star 170
Chapter 9 Putting it All Together 173
Part 2 Convergence 181
Chapter 10 A Cluster of Candles 187
Chapter 11 Candles with Trend Lines 193
Springs and Upthrusts 199
The Change of Polarity Principle 205
Chapter 12 Candles with Retracement Levels 213
Chapter 13 Candles with Moving Averages 217
The Simple Moving Average 217
The Weighted Moving Average 219
The Exponential Moving Average 219
Using Moving Averages 219
Chapter 14 Candles with Oscillators 225
The Relative Strength Index 226
Computing the RSI 226
Using the RSI 227
Moving Average Oscillator 229
Computing the Moving Average Oscillator 229
Using the Moving Average Oscillator 229
Stochastics 233
Computing Stochastics 234
Using Stochastics 234
Moving Average Convergence-Divergence 237
Constructing the MACD 237
Using the MACD 237
Chapter 15 Candles with Volume 241
Chapter 16 Measured Moves 249
Breakouts from Boxes 250
Swing Targets, Flags, and Pennants 255
Chapter 17 The Best of the East and West: The Power of Convergence 263
Conclusion 267
Glossary A Candlestick Terms and Visual Dictionary 269
Glossary B Western Technical Terms 279
Bibliography 285
Index 289