The Candlestick Course (Paperback)

by Steve Nison (Author), Marketplace Books (Author) "The financial markets represent some of the most exciting and challenging arenas on earth..." (more)
Key Phrases: northern doji, southern doji, high wave candles, November December, Use Exhibit, Section One (more...)

Editorial Reviews

Product Description
Steve Nison revolutionized the world of technical analysis when his two bestselling books introduced Japanese candlestick charting techniques to the western world. "Candles," he discovered, can signal shifts in trends and price patterns with amazing accuracy, and these "storyteller" charts also contain powerful applications for today’s volatile short-term markets.

In The Candlestick Course, Nison breaks new ground once again. From the basics through the more complex stages of pattern recognition, each chapter includes specific learning objectives, key terms, clear-cut instruction, and practical applications. Plus, each end-of-chapter quiz allows readers to perfect their charting abilities before moving on. This book is the ideal training tool for newcomers, and perfect for veterans looking to refine and hone their skills.

Focused on the needs of today’s active traders and investors, Nison:

• Provides a solid foundation to candlestick charts–reinforcing key skills as you go
• Reveals how to pinpoint critical market opportunities as they arise, by recognizing key candle signals
• Tests your ability to accurately analyze and interpret candle charts
• Demonstrates how candlestick concepts can trigger potent decision-support tools that can confirm–or enhance–buy/sell signals
• Includes a valuable "progressive charting" case study
• Ties all the aspects of candlesticks together through interactive examples and visual tests

Whether viewed as a supplement to Steve Nison’s other books and courses, or as your introduction to candlestick charting, this course book will familiarize you with the intriguing world of The Morning Star, The Hammer, The Dark Cloud Cover–and the many other powerful and precise patterns Nison shares with fellow traders and investors.

Not just a one-time read, The Candlestick Course can be used as a valuable reference source, and quick refresher course, time and again.

From the Back Cover
Steve Nison revolutionized the world of technical analysis when his two bestselling books introduced Japanese candlestick charting techniques to the western world. "Candles," he discovered, can signal shifts in trends and price patterns with amazing accuracy, and these "storyteller" charts also contain powerful applications for today’s volatile short-term markets.

In The Candlestick Course, Nison breaks new ground once again. From the basics through the more complex stages of pattern recognition, each chapter includes specific learning objectives, key terms, clear-cut instruction, and practical applications. Plus, each end-of-chapter quiz allows readers to perfect their charting abilities before moving on. This book is the ideal training tool for newcomers, and perfect for veterans looking to refine and hone their skills.

Focused on the needs of today’s active traders and investors, Nison:

• Provides a solid foundation to candlestick charts–reinforcing key skills as you go
• Reveals how to pinpoint critical market opportunities as they arise, by recognizing key candle signals
• Tests your ability to accurately analyze and interpret candle charts
• Demonstrates how candlestick concepts can trigger potent decision-support tools that can confirm–or enhance–buy/sell signals
• Includes a valuable "progressive charting" case study
• Ties all the aspects of candlesticks together through interactive examples and visual tests

Whether viewed as a supplement to Steve Nison’s other books and courses, or as your introduction to candlestick charting, this course book will familiarize you with the intriguing world of The Morning Star, The Hammer, The Dark Cloud Cover–and the many other powerful and precise patterns Nison shares with fellow traders and investors.

Not just a one-time read, The Candlestick Course can be used as a valuable reference source, and quick refresher course, time and again.

See all Editorial Reviews

Product Details

• Paperback: 240 pages
• Publisher: Wiley; 1st edition (May 23, 2003)
• Language: English
• ISBN-10: 0471227285
• ISBN-13: 978-0471227281
• Product Dimensions: 9.9 x 6.9 x 0.7 inches
• Shipping Weight: 15.2 ounces (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars See all reviews (22 customer reviews)
• Amazon.com Sales Rank: #110,326 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

89 of 91 people found the following review helpful:

4.0 out of 5 stars Self-Paced Learning Guide on Key Candlestick Patterns, August 8, 2003

By	L. Masonson (Monroe, New York USA) - See all my reviews (REAL NAME)

Steve Nison, CMT, the author of two previous volumes on candlesticks, and an educator, trader, and seminar speaker, has written a basic workbook on the fundamentals of candlestick charting and how to interpret and use only the most significant patterns. I attended one of his Nison's candlestick workshops at an investor expo, as well as reviewed his video and found them to be excellent educational vehicles.

This book is for those individuals who like to read about certain candlestick characteristics, and then test themselves on their level of understanding. Each chapter begins with a bullet-pointed list of learning objectives and key terms to watch for. It then explains the concept, shows examples, provides highlighted key points, and then provides review questions, and detailed answers. In most all of the chapters, the review questions and answers take up more pages than the explanation of the candlestick pattern or the concept being taught. So, this is more of an instructional and teacher-student approach to the subject.

One chapter entitled "Progressive Charting" is about 50 pages long and contains a walk-through of an unfolding market scenario, a few candles at a time using 88 annotated charts. The purpose of this approach is to help the reader interpret each candle or pattern in a real market situation and learn from his/her experience.

The last chapter entitled "Bringing It Altogether" asks you 42 questions about candlestick charting and provides the detailed answers. This allows the reader to determine his/her level of understanding and areas for further study. The book contains a short "visual" glossary illustrating candlestick patterns.

For readers who are avid students and like to work through numerous exercises and examples of the basics of candlesticks, this book will serve their needs well. For other investors who want more "meat" and detailed information and explanation, then I would recommend Nison's "Beyond Candlesticks" instead.

41 of 45 people found the following review helpful:

5.0 out of 5 stars Outstanding book! A must have for any technical trader, September 9, 2003

By	daytrader0341 (Boston, MA United States) - See all my reviews

I'm reading this book now and it's amazing how much you can learn in so short a time. This is a small book but the information and the way it's presented is outstanding. I wish all of the books that required study put their material in this format. Each section has a quiz to determine that you understand the material. Not only that but detailed answers to each of the questions is included. You're getting double re-enforced learning. While it starts with the basics of candlesticks the book concludes with real examples of applying these patterns. What's really the kicker is that Steve shows how he integrates Western charting techniques with candlesticks to greatly improve the odds in trading.

I don't expect to be a trading wizard after reading through this book but I do expect my trades will be thought out more thoroughly with the right techniques.

Get this book even if you don't use candle charts now.

36 of 39 people found the following review helpful:

4.0 out of 5 stars Shooting Stars and Belt Holds and Dark Cloud Cover, November 19, 2003

By	Dorion Sagan (East Coast, USA) - See all my reviews (REAL NAME)

This is a great basic primer on candlestick charting techniques by the guy who allegedly introduced it into the west fifteen years ago. All the basic one, two, and three formations from spinning tops and high wave candles to piercing lines and cloud covers to three soldiers, harami cross and evening doji stars are there. It is pretty amazing that candlesticks are so much simpler but contain more information than standard western tick and point-and-figure charts. Among the things I learned were that hammers must have shadows twice as long as the real body, and the way windows (gaps) are used for support in Japanese trading. The book is arranged with quizzes, and while repetive (and there are a couple of minor mistakes, including on one of the questions), Nisson really drives home the message. Among the things he emphasizes are that candlesticks are best for signaling reversals, and that they are best supplemented by western techniques for price targets and confirmation. Although not quite a complete novice, I'm a slow reader but it only took me three hours to read this in the library. The last part of the book takes you through a chart and points out the formations-dispelling the common critique that technical analysis is completely subjective. Highly recommended and quite a contrast to the information overload of many other trading books.