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Books : Japanese Candlestick Charting Techniques, Second Edition

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Rating: 4 out of 5 stars - Solid book, but a little hard to read.
I found that this book had a dozen of typos/grammatical errors as well as some incorrect references to its corresponding charts. In addition, Nison does not seem to be the most eloquent of writers and at thus making this a potentially "boring" book to read. Putting this aside, the candlestick methods are explained very well (maybe too well) and the benefit of learning candlesticks to any trader will be tremendous.



Rating: 5 out of 5 stars - An essential part of your own trading system
Excellent book, a must read for short-term momentum traders like myself. Everyone has to develope their own trading system and I strongly believe understanding candlestick charts is an essential part for anyone who trades. I have found that combining candlestick charts with an understanding of volume and chart patterns works best for me. There are many examples and illustrations in the book that diagram predictable candlestick patterns that gives strong clues on market and stock reversals. I found the chapter on "The Basics" to be the most valuable as I have found a trading system based on repeatable and basic patterns works best over the long run. Candlesticks, volume and chart patterns are my system for short-term momentum trading and this book is essential to understanding candlestick charts!



Rating: 5 out of 5 stars - The last missing step in undertstanding charts
The first time I looked at Candlesticks charting on the Internet was 3 years ago with my broker. However, I didn't understand it just by looking and said to my self "this looks ugly" how can people view this, then I forgot about it. After reading the 2 books by Nison I only look at candlesticks charting "intra day" or yearly chart. What difference a book can make.

So far the book of "Edwards Magee on Technical analysis" and the book of Steve Nison are the best of all I have encountered on explaining charts, they are classic work. The first one is complex to read, the later one is fun. I have shorted a lot of stocks too many times and lost in most cases, but never understood what is the right time and the correct signal to do so, now I know the answer from these two books.

The book is an easy one to read, it's well put together in simple English. It has a lot of charts and well classified. The author explains the different patterns that appear in charts and their implications on a potential move in one direction or another.



Rating: 3 out of 5 stars - Japanish Candlestick
This book is nice looking, but this book is not very good help to investing.
You learn from this book how to look candlestick, but this book don't give you any INVESTING RULE or HINT to you.
If you want learn to investing, go buy Peter Lynch investing books. They are really good to investors.



Rating: 5 out of 5 stars - Graduate from Bar Charts
If you have been doing Technical Analysis (TA) with purely Bar Charts, give Candlesticks a try. This book is the best book on the market (the 2001 edition). It covers the bases and gives good insights into the psychology (which is why TA is feasible). This will not replace "Western" TA, but is to be used in addition to it. However, candlesticks give you so much visual information, I guarantee you will switch your default view from bar charts to candlesticks. Read this book!


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Disclaimer: Futures, forex, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using these methodologies or systems will generate profits or ensure freedom from losses.

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