By Steve Nison

ISBN-10: 047100720X

ISBN-13: 9780471007203

This can be a stable addition to Nison's first e-book, and does include a few new candlestick details. There are a number of new styles Nison mentions that are adaptations of styles in his first ebook. He discusses real buying and selling recommendations, ie whilst to shop for, promote, the place to place stops, which i discovered missing within the first e-book. i discovered this knowledge to be helpful, that is inside the first half the book.

The moment 1/2 the booklet bargains in general in Kagi, Renko, and Three-Line Charts. i am not certain what to contemplate those. i do not comprehend if i'm going to ever use the knowledge I realized to attract charts by way of hand, however it is well a brand new strategy to study and chart facts. those charts basically music completely the move of shares with no regard to time. the three Line holiday chart calls for a powerful pattern to be good reversed prior to a brand new line will express at the chart, accordingly a brand new low must holiday three new highs' starting low for you to seem at the chart. The Renko chart is identical yet a brand new line is drawn after a distinctive increase/decrease within the expense has been met (either nominal or percentage).

There is a piece on relocating averages that's really uninformative. Nison supplies the japanese phrases for whilst a brief MA crosses a longer-term MA. He notes the MAs that jap investors wish to use: three, nine, thirteen, 26.

I think of the 1st part very beneficial, and the second one part well worth the learn, yet i am not definite how important the knowledge may be to a private investor like myself. All in all, a very good publication and solid learn. Nison grants back.

Show description

Read or Download Beyond Candlesticks: New Japanese Charting Techniques Revealed (Wiley Finance) PDF

Similar accounting books

Get Intermediate Accounting (7th Edition) PDF

Monetary accounting is present process a interval of extraordinary switch. The FASB and IASB were operating jointly to factor converged accounting criteria that might dramatically switch key reporting parts, and extra in most cases have sought to converge accounting criteria over the years. In overdue 2011, the SEC will announce its determination on no matter if huge public businesses within the U.

Get Accounting PDF

The authors of ACCOUNTING, 23e, take into account that you want to locate very important details speedy. This textbook makes use of an built-in studying method that can assist you whole homework and lead you to accounting mastery. development at the authors' confirmed technique, transparent examples and high-impact writing advisor you thru the instruction of economic statements because the authors artfully offer a framework for realizing what accounting is all approximately and accounting's evolving function in company.

Extra resources for Beyond Candlesticks: New Japanese Charting Techniques Revealed (Wiley Finance)

Example text

36. , where the open and closeare very close,but not exact)should be considereda doji? One method is to look at a near doji day and compare it to recent action. If there is a seriesof very small real bodies, I would not view the near dOji day as significant since so many other recent periods had small real bodies or doji. (Other methods are covered in my first book). As mentioned before, a doji is meaningful when it arises after a tall white candle during an uptrend. In this scenario,the market is consid- '{l+I l,uu,n r,il.

Other methods are covered in my first book). As mentioned before, a doji is meaningful when it arises after a tall white candle during an uptrend. In this scenario,the market is consid- '{l+I l,uu,n r,il. 3s. 35. 37. However, if the highs of the doji sessionare exceeded, then the market's uptrend should continue. This is discussedin more detail below. A common mistake among those who use canctes is to use a doji as an outright buy or sell signal. This is not correct. " While the doji can mean the market may reverseits prior trend, traders should view the doji as echoing a market in transition rather than being an outright reversal pattern.

12. 13 illustrates how the lower end of tall white bodies L-4 became support on corrections. Of interest is that the support line obtained by extending the low of candle 3 was broken in September 1992. Observe, however, that the sell-off stopped near the support area from the low of candle 2. This chart also illustratesan important point. Candlestick traders should wait, if possible, for the market to close under support to confirm a break. In this example, we see in mid-1992 that the support level from the bottom of candle 3 was broken intra-weekly (see X on the chart), as was the support by the bottom of candle 4 (see Y).

Download PDF sample

Beyond Candlesticks: New Japanese Charting Techniques Revealed (Wiley Finance) by Steve Nison


by Christopher
4.5

Rated 4.58 of 5 – based on 17 votes