Beyond Candlesticks: New Japanese Charting Techniques Revealed

by Steve Nison

Book Overview

From the "Father of Candlesticks"--penetrating new Japanese techniques for forecasting and tracking market prices and improving market timing Steve Nison has done it again. The man who revolutionized technical analysis by introducing Japanese candlestick charting techniques to Western traders is back--this time with a quartet of powerful Japanese techniques never before published or used in the West. Stunningly effective on their own, these new techniques...

• Format: Hardcover
• Language: English
• ISBN: 047100720X
• ISBN13: 9780471007203
• Release Date: December 1994
• Publisher: Wiley
• Length: 304 Pages
• Weight: 2.31 lbs.
• Dimensions: 1.1" x 8.7" x 11.7"

Customer Reviews

How to get an edge!

Candlesticks are the strongest picture of the internal mass psychology driving the market. Once you have learned how to identify basic candlestick patterns from Steve Nison's first book(Japanese Candlestick Charting Techniques)you must learn how to place them in the context of everyday charts. "Beyond Candlesticks" teaches you how to identify the nuances that can make the difference between a profit and a loss. If you have wondered how to get an edge on the market, this is it. The information on how to combine candlesticks with traditional western technical anlayis, gives you the ability to create a complete trading system.

One of my top 3 trading books - ever! Nison has a winner

Nison's "Beyond Candlesticks" one of my top 3 favorite trading books and provides dozens of advanced, practical trading strategies as he reveals the strongest candle patterns. Probably the most useful part of it, is understanding how much clearer trading signals become, once you see the reasons why specific patterns reveal long/short pressure on stocks as they're moving. Highly recommend this along with his videos -- I've become a better trader due to learning from Nison's techniques and recommend this as a personal favorite book. I also refer my traders at Daytrading University to it, as a "must read" to help build trading skills. Nison has been hired by top Wall Street institutions to train Their market makers and specialists, and getting this rare knowledge in his books and videos is priceless. Get this one. Here's how much I like it: I recently moved out of state, and this is one of the few books that "made the cut", that I'll always be keeping with me. Superb precision trading skills revealed in this one. It's a keeper.

Really tells you how to use candlesticks

Steve Nison goes through all of the major Candlestick patterns here. And, he shows you close calls as well. This is great, because the real world does not always have what is in the pretty picture in your book. Nison adds to the value by showing you how to use Candlesticks in conjunction with classic Western Technical analysis. If only he'd added a chapter on Elliott Wave Theory and Candlesticks (lots of reversal Candles at the end of waves). Buy this one instead of his first book if you are only buying one.

CandleSticks Work

Beyond CandleSticks is one of the more helpful books in truly explaining the underlying meaning of multiple days of trading accompanied by volume. This book can significantly help you lock in profits when used correctly by indicating when a stock has topped or bottomed out. Make sure you select a good charting system that assists with the user interface, like Telescan, which actually lists the acronym of the trading pattern above the element displayed. This function helps save time when analyzing many stocks at any time. I highly recommend this for options or short-term traders. Candlestick charting is not just a charting system it's a hobby. I have truly enjoyed buying and selling stocks more since reading and learning more about this Technique. Good luck to all you traders out there.

A definitive work for those interested in using candlesticks

I can't put this one down. It is a great book that goes into great detail to explain candlesticks and how they represent market forces and trends. If you are doing any day trading at all, to ignore candlesticks is to leave money on the table. I highly recommend this book to all day traders. The charts are fantastic and there are a million illustrations that help you understand how the candlesticks work. Just a great book.