Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East
| Author | : | |
| Rating | : | 4.32 (509 Votes) |
| Asin | : | 0139316507 |
| Format Type | : | paperback |
| Number of Pages | : | 336 Pages |
| Publish Date | : | 2015-01-27 |
| Language | : | English |
DESCRIPTION:
J. Roberts said Excellent well written book on charting. The most important reason to read this book is to learn candlestick charting. The next best reason is that this is a fine well written book for novices and experts alike. Nison gives clear explanations of the indicators important in candlestick charting, and then goes on to explain why the indicators are strong or weak. The result for me was that I learned some very concrete techniques while also gaining a deeper understanding of market behavior in general. In many areas the Japanese interpretation of chart events differ from the Western view, and . "A reference for any trader" according to Steven E. Swayne. Whether you are a short or long term trader, this book is a must have. Once you read this book, you will want to use no other charting method but candlesticks. More important than teaching very common chart patterns, you come away with a good understanding of what each type of candlestick is telling you about the psychology of the market you are studying. Although his clear illustrated examples use mostly futures, these methods definitely apply to equities as well. You will no longer fear shorting a stock when you can clearly see the "dark cloud co. Scott Knudsen said Daytraders Delight. This should be in every traders library, especially daytraders who want to make their analysis quick and easy. Candlesticks work great in the Real Tick environment.
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. 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 work features over 300 charts that use candlesticks alone and in conjunction with Western charting techniques, and explains their use.