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Beyond Candlesticks: New Japanese Charting Techniques Revealed Hardcover – November 10, 1994
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From the Inside Flap
- Introduces Kagl, Renko, and Three-Line Break chartspowerful non-time series charting techniques never before seen In the West
- Explores the exotic twists and turns of the disparity indexa Japanese secret more exact and timely than its Western cousin, moving averages
- Takes you step-by-step through each charting technique with the help of nearly 200 illustrations, dozens of detailed real-world examples, and clear-cut guidelines on how to use them In your day-to-day trading and Investing
- Demonstrates how these techniques can be used on equities, futures, fixed-in-come, foreign exchange, and overseas markets
- Explains how they can be merged with candlesticks and traditional Western techniques to create powerful new hybrids
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Top Customer Reviews
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.
The second half of the book deals mostly in Kagi, Renko, and Three-Line Charts. I'm not sure what to think about these. I don't know if I'll ever use the information I learned to draw charts by hand, but it is definitely a new way to analyze and chart data. These charts essentially track solely the movement of stocks without regard to time. The 3 Line break chart requires a strong trend to be well reversed before a new line will show on the chart, hence a new low will have to break 3 new highs' beginning low in order to appear on the chart. The Renko chart is similar but a new line is drawn after a specified increase/decrease in the price has been met (either nominal or percentage).
There is a section on moving averages that is relatively uninformative. Nison gives the Japanese terms for when a short MA crosses a longer-term MA. He notes the MAs that Japanese traders like to use: 3, 9, 13, 26.
I consider the first half very valuable, and the second half worth the read, but I'm not sure how valuable the information will be to a personal investor like myself. All in all, a good book and good read. Nison delivers again.
Most Recent Customer Reviews
Great content, gives essential information about technical analysis. My only concern is that the figures don't always follow the text and I end up flipping back and forth to read... Read morePublished 8 months ago by Brad Chisholm
Not a bad book but i believe it is only a supplement but Nison's more famous book. You won't gain very much from reading it as i don't think you will lose much by passing it. Read morePublished 14 months ago by A simple subjective reviewer
It's ok, but nothing like the first two books. You can tell they were well written and a lot of time went into them - this book, you really get the feeling it was a bit of a rushed... Read morePublished 20 months ago by Mr. Ross Gordon
This book as well as Candlestick Course by the same author, should be in every trader's library. Very happy with the book. Both are great reference books.Published on March 24, 2014 by Debbie Nicoletti
His first book was better &more exciting I believe.Still it is a plus to read this book.This book is also written with good intentions. Read morePublished on November 30, 2013 by Kadir Hakan Okyay
It was great that I was able to find this book with ease. It is normally a pleasant experience shopping Amazon.com. Read morePublished on September 25, 2013 by Howard Daniel