Product Description

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.

Product Details

• Amazon Sales Rank: #1306 in Books
• Published on: 2001-10-01
• Released on: 2001-10-30
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 320 pages

From the Publisher
“An exciting and valuable addition to the literature of technical analysis… this ancient Japanese technique is available to American traders in a comprehensive, well-written, and understandable format.”

John Murphy, President

JJM Technical Advisors, Inc. and

Author of Technical Analysis of the Financial Markets

It’s hard not to be too effusive about the quality of Nison’s work… reading [his book] was a pleasure. This is clearly one of the best investment books ever written…. We strongly recommend this book, which has already become an investment classic.

Bruce Babcock, Jr. Editor-in-Chief, Commodity Trades Consumer Report

From the Inside Flap
Charting techniques used by the Japanese for over 100 years are explained for today’s traders and investors in:

JAPANESE CANDLESTICK CHARTING TECHNIQUES, SECOND EDITION: A Contemporary Guide to the Ancient Investment Techniques of the Far East

Steve Nison

Completely informative and global in its outlook, Japanese Candlestick Charting Techniques, Second Edition provides an in-depth explanation of candlestick plotting and analysis. This exciting book exposes the reader to the practical applications Steve Nison gained from years of study and research in this now popular and dynamic area. Today, almost all charting packages include candle charts.

This book contains hundreds of examples that show how candlestick techniques can be used in all of today’s markets. Through such patterns as the “dark-cloud cover” and “hanging-man lines,” traders will discover how candlestick techniques provide unique market insights. They will discover see how candles will provide early reversal signals, improve timing entering and exiting markets and can be merged with classic Western charting techniques.

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, on-line and day traders
* New Western techniques in combination with candles
* A greater spotlight on capital preservation.

Candle charts are older than bar charts, older than point-and-figure charts, but were completely unknown in the West – until Steve Nison introduced them through his articles, seminars, and his books.

From the Back Cover
High Praise for Japanese Candlestick Charting Techniques from leading financial experts

The candlestick charts and charting techniques provided by Nison have become an important tool for our international securities market making. They provide a wealth of information and are instrumental for our daily operations. The charting technique is valuable for the individual or professional investor.

Robert L. Hardy

Director of International Markets,

Fleet Meehan Specialists (NYSE) Japanese Candlestick Charting Techniques is a must for the serious security or commodity trader. It is the definitive book … explained in plain, straightforward English. I have been a market technician for over 25 years and a money manager for more than 30 years and … have switched from my bar charts to candlestick charts. I believe that any technician who reads this book will do likewise.

H. Phillip Becker C.E.O, H.P. Becker & Co.

…a distinguished effort of research, analysis, and translation… not only complete and informative, but also enjoyable to read. Steve has done a good job of relating, and clearly illustrating, the way in which the Japanese candlestick charting techniques fit in with and complement traditional Western technical tools… this book has become the standard text on the subject.

Robin Griffiths

Chief Technical Analyst

HSBC Securities Inc

The combination of a wonderful tool like candlestick charts and Steve Nison to explain the proper use of them in trading, has enhanced my ability to predict the direction of stock prices immeasurably. I highly recommend this book.

Harold Yosco

Partner, Van Der Moolen Specialists, USA Steve Nison’s book, Japanese Candlestick Charting Techniques, is hands down the best book on technical analysis available. It is a valuable and crucial investment for anyone involved in the stock market.

Joshua Lukeman

Author, The Market Maker’s Edge

Nison is the acknowledged Candlestick Guru. His seminars are packed not only because he possesses an encyclopedic and dynamic knowledge of the material, but also because he is an outstanding teacher. Both of these qualities are evident in the revised edition of his seminal text, Japanese Candlestick Charting Techniques. Those traders who have read his book are convinced, and refer to it again and again. Learn it. Study it. Keep it near your terminal. The insight and tools it contains will help you make money in both the most stable and the most volatile of markets.

Adam Shrager

Training Manager, Knight Trading Group

Lecturer, Princeton University

Customer Reviews

Quite nice
A very good book. Tells about all the different candle signals....i think all of them. I stopped using candlestick charts cuz i of how i am trading now and i dont see any advantage with the candles. THey trick me too much. But if you are interested in candles you need to buy this book. And really, you can see all the same signs using bars if you pay attention. Great book!!

Japanese Candlestick Charting Techniques
Japanese Candlestick Charting Techniques, Second EditionThis Second Edition is the basic "Bible" on candlesticks. Most traders will have/need this on their reference shelf.

Satisfied with the book
Steve Nison is truely the father of Japanese Candlestick into the western. He explained why candles are made and how the candle can be a signal to get into a trade and when to get off. The convergence of East and West makes my trading more manageable and honestly, I have "profit"-ed after reading this book. Very highly recommended!