Japanese Candlestick Charting Techniques, Second Edition (Hardcover)

~ (Author) "Japanese candlestick chart analysis, so called because the lines resemble candlesticks, has been refined by generations of use in the Far East..." (more)
Key Phrases: continuation patterns, measured moves, frypan bottom, Aspen Graphics, The Basics, More Reversal Patterns (more...)

Editorial Reviews

Review

Quote from the first edition of "Japanese Candlestick Charting Techniques": "It's hard to be too effusive about the quality of Nison's work. This is clearly one of the best investment books ever written."Bruce Babcock, Jr., Editor-in-Chief, "Commodity Traders Consumers Report"

Product Description

Japanese Candlestick Charting Techniques, 2nd Edition, provides an in-depth explanation of candlestick plotting and analysis, conveying to the reader, in easy-to-understand language, the author’s years of practical experience in this increasingly popular and dynamic approach to market analysis. It includes hundreds of examples that span the equity, futures, fixed-income, and foreign exchange markets and shows how candlestick charting techniques can be used in almost any market. It has been thoroughly updated to include:

* New techniques and strategies
* The author’s concept of the Convergence (when a series of signals converge at one zone, thus increasing the chances for a market turn from that area)

This new edition broadens the book’s focus and all new updated charts, and information on several new areas such as day trading and how candlestick charting can be used to improve returns and help decrease market risk.

It includes everything from the basics, such as constructing the candlesticks and learning the patterns, to advanced topics, such as the rules of multiple technical techniques.

Whether you are new to candlestick charts or a seasoned pro-the reward will be immediate and long lasting.

See all Editorial Reviews

Product Details

• Hardcover: 299 pages
• Publisher: Prentice Hall Press; 2 edition (October 30, 2001)
• Language: English
• ISBN-10: 0735201811
• ISBN-13: 978-0735201811
• Product Dimensions: 10.8 x 8.5 x 1.1 inches
• Shipping Weight: 2.4 pounds (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (99 customer reviews)
• Amazon.com Sales Rank: #9,926 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

219 of 226 people found the following review helpful:

5.0 out of 5 stars The best for Candlesticks - the BEST and I know, August 19, 2000

By	Oavde "oavde" (Australia) - See all my reviews

This review is from: Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East (Hardcover)

I have a few books on candlesticks. I bought others which were cheaper, even though many reviews pointed towards Nisons' work. Note that in Australia, we are talking about $35 (other books) compared to $150 (Nison's book) ... so anyway, after buying many others, and looking all over the 'net for info. on Candlesticks, I ran into Nisons' book in a shop, looked through it and had to have it.

It has a LOT LOT LOT more depth than the others. There is more to candlesticks (or any price movement analysis) than just a bunch of patterns, names, formations ... the other books are far far too brief. I cannot emphasise this enough.

Look at all the other reviews for this book, many many good words said.

It is very readable, very clear, the examples are excellent, but most valuable are the insights for all the patterns ... that other books simply do not have.

Sure, it costs a bit more than the other candlestick books, but hey, how much money are you trading? Does an extra 30 or 50 bucks make that much difference for the extra insight you will gain?

This is not just the best ~Candlestick~ book, but it is a very very good TA book as well. Candlesticks are, after all, just a way of plotting price movements.

Note that, in searching the web for info. on TA and investing, this book came up time and time again as ~highly~ recommended. Now I pass that recommendation on.

Note also Nison has another book, "Beyond Candlesticks", and while I think that this is also a good book, get this one first and learn it all, the second book concentrates more on a few "Advanced" techniques, I don't know if they are so much advanced as they are just a few more techniques + brushing over what is in the first book. Get this first book, because it has more depth on the essentials that you need to know. Get the other book later, don't try and save money by jumping to the second one in the hope it will make the first obsolete, don't try and save money by getting a cheaper candlestick book, don't brush this stuff off thinking you've learnt all the candlestick stuff just by seeing a couple of patterns and names.

I also highly recommend Technical Analysis of the Financial Markets, this is recently updated and so incredibly good.

Beginner trader: will help you a lot, a very good investment, but also look to the book recommended above.

Intermediate: what are you doing? making a profit? get the book. Not making a profit? get the book, or get out of trading.

Advanced: why don't you have it? it should be on everyone's bookshelf, have you no pride? can't you afford it?

This is one of those trading books you cannot afford not to have. I don't give that rating to many other trading books.

Good luck!

Oh, and it is enjoyable to read.

104 of 105 people found the following review helpful:

5.0 out of 5 stars Excellent resource for understanding candlestick charts., December 11, 1998

By A Customer

This review is from: Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East (Hardcover)

If you have heard of candlesticks but know nothing about them, look no further, this is THE book for you. In beautiful form and style, Steve Nison brings you into the world of Japanese candlestick charts and patterns. First giving you a fascinating history of the birth of the futures markets in Japan. Armed with that knowledge, Mr. Nison delves into the "psychology" behind the patterns that develope in the chart. He provides a thorough explaination of each pattern, down to it's historic name, and what to anticipate when the pattern unfolds. There is also a large part of the book devoted to using candlestick charts with various indicators i.e., stochastics, moving averages, relative strength, etc. You name it, he's got it. Actual charts are provided to visually enhance Steve Nison's explainations. Not only does he tell, but he showes you using various markets from coffee futures to the S&P market. This book is a must addition to the library of any trader who relies on technical analysis, from the beginer to the master.

62 of 64 people found the following review helpful:

5.0 out of 5 stars A reference for any trader, March 11, 2000

By	Steven E. Swayne "sswayne" (Layton, UT) - See all my reviews

This review is from: Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East (Hardcover)

Whether you are a short or long term trader, this book is a must have. Once you read this book, you will want to use no other charting method but candlesticks. More important than teaching very common chart patterns, you come away with a good understanding of what each type of candlestick is telling you about the psychology of the market you are studying. Although his clear illustrated examples use mostly futures, these methods definitely apply to equities as well. You will no longer fear shorting a stock when you can clearly see the "dark cloud cover" on strong volume. If you want to know more about technical charting and have money for only one book, this is it.