Japanese Candlestick Charting: A Contemporary Guide to the Ancient Techniques of the Far East

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Quarto, hardcover, light stain on top outer pages else VG in top edgeworn yellow dj. 299 pp. 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 Read more Show Less

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N/A New York, New York 2001 Hard Cover Second Edition Very Good in Very Good jacket 4to-over 9?"-12" tall. 299 pages. Minor shelf wear.

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Overview

Here's what the leading financial experts are saying about Japanese Candlestick Charting Techniques:
"an exciting and valuable addition to the literature of technical analysis. For the first time, this ancient Japanese technique is...available to American traders in a comprehensive, well-written and understandable format. (The candlesticks chart's) "value added" element, together with new insights...virtually assures its wide acceptance and enthusiastic reception...."
-John J. Murphy, President
JJM Technical ...
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Overview

Here's what the leading financial experts are saying about Japanese Candlestick Charting Techniques:
"an exciting and valuable addition to the literature of technical analysis. For the first time, this ancient Japanese technique is...available to American traders in a comprehensive, well-written and understandable format. (The candlesticks chart's) "value added" element, together with new insights...virtually assures its wide acceptance and enthusiastic reception...."
-John J. Murphy, President
JJM Technical Advisors, Inc.
Author of Technical Analysis of the Futures Markets

"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...I am sure that this work will become the standard text on the subject."
-Robin Griffiths
Senior Executive James Capel
Co. Chairman, British Society of Technical Analysts

"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 15 years and a money manager for more than 20 years and...have switched from my bar charts to candlestick charts. I also believe that any technician who reads this book will do likewise."
-H. Phillip Becker, President
H.P. Becker & Co.

"It's hard 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 his book, which will undoubtedly become an investment classic."
-Bruce Babcock Jr.

Product Details

  • ISBN-13: 9780735201811
  • Publisher: Penguin Group (USA)
  • Publication date: 11/28/2001
  • Edition description: 2ND
  • Edition number: 2
  • Pages: 320
  • Sales rank: 127,278
  • Product dimensions: 8.22 (w) x 11.12 (h) x 1.01 (d)

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
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