Japanese Candlestick Charting Techniques
Traditional Western methods for chart analysis (the basis of all technical analyses) use bar or points and figure charts. Yet over 100 years before these methods originated, the Japanese were using their own style of technical analysis for use in the rice futures market. This technique - known as the Japanese Candlestick Charting Techniques because of its close resemblance to candlesticks - has recently been attracting attention because it provides unique insights into the market. This work features over 300 charts that use candlesticks alone and in conjunction with Western charting techniques, and explains their use.
Publish date: 2001
Overall, worth having on your shelf, and if you don't already use this stuff, it will add another angle.
good content, heavy reading
Nison's Candlestick charting
Very nice book indeed, well laid out with lots of examples and explanation. I marked it down ever so slightly because I think some of the important points tend to slightly disappear in the text - maybe the author wants to ensure every single page is scrupulously devoured!
This is by 'the' candle chart guru, which doesn't make him the best trader in the world of course but it's a book I've referred to constantly since I bought it. Worth every penny....
A new way...
To add, those who want to know where and what these candle stick signals mean then why not by the person who brought them to the western World. 1 big hardback book but well organised and well written.
Nison: Japanese Candlesticks
He not only explains the various candlestick patterns in a comprehensive and easily understood fashion, but he goes on to explain how they demonstrate the underlying supply & demand forces driving the market. He also shows how they sit with more traditional techical analysis techniques and how he has used candlesticks in his trading.
The book is only deficient because it misses out one or two important pattern features. Steve covers these in his second book - Beyond Candlesticks - but they would have been better in this one.
You need to be logged in to post reviews