Monday, April 28, 2014

Steve Nison Candle Pattern


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If you’re serious about learning how to use candlestick charts, you owe it to yourself to do it the right way.
With Nison candlesticks – candlestick training the right way- you can be sure you are getting the correct candlestick training. There are a lot of so-called teachers out there who have good intentions when it comes to explaining candlesticks. But the truth is they haven’t done the work, or done the years of research, it takes to become The Expert at candlestick charting.
Remember these Japanese candlestick chart patterns were refined by generations of use. As the first to reveal candlestick charts to the Western world, I have painstakingly unraveled candlestick tradingtactics from the original Japanese sources and the top Japanese traders. The danger to traders is when other trainers – while well intentioned, begin adding their own variations and candlestick chartpatterns that aren’t part of the original set of Japanese candlestick patterns. Or, even more dangerous to your trading capital is when they teach candlesticks incorrectly. This false information is what causes many traders to lose real money. But it doesn’t have to be that way. That’s why I work so hard to teach you candlesticks the right way with Nison Candlesticks.
The bottom line is this training works.


The broadest part of the candlestick line is the real body. It represents the range between the session’s open and close.
If the close is lower than the open the real body is black. The real body is white if the close is higher than the open. The real body is white if the close is higher than the open.
The thin lines above and below the real body are called the shadows (sometimes called candlestick wicks). The peak of the upper shadow is the high of the session and the bottom of the lower shadow is the low of the session.
The color and length of the real body reveals whether the bulls or the bears are in charge. Note that the candlestick chart lines use the same data as a bar chart (the open, high, low and close). Thus, all Western-charting techniques can be integrated with candlestick chart analysis.
At, we have found the candlestick charts are most potent when merged with Western technical analysis. Accordingly, we harness the best charting techniques of the East and West to provide you with uniquely effective trading tools.


A critical and powerful advantage of candlestick charts is that the size and color of the real body can send out volumes of information.
For example:
  • a long white real body visually displays the bulls are in charge
  • a long black real body signifies the bears are in control.
  • a small real body (white or black) indicates a period in which the bulls and bears are in a “tug of war” and warns the market’s trend may be losing momentum. As the real body gets smaller we ultimately wind up with a doji which is a candlestick line which has an equal open-close and thus no real body.
Constructing the doji candle:
While the real body is often considered the most important segment of the candlestick, there is also substantial information from the length and position of the shadows. For instance, a tall upper shadow shows the market rejected higher prices while a long lower shadow typifies a market that has tested and rejected lower prices.
Candlestick charts will often provide reversal signals earlier, or not even available with traditional bar charting techniques. Even more valuably, candlestick charts are an excellent method to help you preserve your trading capital. This benefit alone is incredibly important in today’s volatile environment.
Let’s look at an example of how a candlestick chart can help you avoid a potentially losing trade.
Exhibit 1 (below) is a bar chart. In the circled area of Exhibit 1, the stock looks strong since it is making consecutively higher closes. Based on this aspect, it looks like a stock to buy.
What is this bar chart saying?
The candlestick chart below uses the same data as Exhibit 1 (above), (remember, a candlestick chart uses the same data as a bar chart; open, high, low and close.)
Let’s now look at the circled area on the candlestick chart in Exhibit 2 (below). Note the different perspective we get with the candlestick chart than with the bar chart. On the candlestick chart, in the same circled area, there are a series of small real bodies which the Japanese nickname spinning tops. Small real bodies hint that the prior trend (i.e. the rally) could be losing its breath.
What is this candle chart saying?
As such, while the bar chart makes it look attractive to buy, the candlestick chartproves there is indeed a reason for caution about going long. The small real bodies illustrate the bulls are losing force. Thus, by using the candlestick chart, a swing trader, day trader or even if you do active investing would likely not buy in the circled area. The result — avoiding a losing trade.
This is but one example of how Japanese candlestick charts will help you preserve capital.


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