Rating: 
- Stop flipping coins to predict your stocks movements.......
....Read this Book
Two words and two words only "Market Sentiment"...and thats it. The candlesticks help gauge the Psychology of the market or the measuring of the greed and fear factor of stock positions. The candlesticks alone will not indicate a buy or sell signal, but used with other charting methods(Stochastics, RSI, Moving Averages etc.)....the chances of you being on a losing side of a trade is greatly diminshed. Don't get me wrong about just reading this book and you'll be a stock-picking pro....but having the correct tools in this wiley world of trading will greatly enhance your financial survival, which means don't just jump into the market after reading this book just once, you have to paper trade for a minimum of 1 year along with constant studying, plus reading this book at least 3 times over....and lighting up them candles.
This was told to me a little while ago.....
What's the difference between a Thug around the corner and a Market Maker(Brokerage Firm) on the exchanges..."A Thug will bonk you over your head for a few lousy dollars only once in your life"..."A Brokerage Firm will rip your heart out by every time the market opens at 9:30am till 4:00pm close everyday of the week"...Remember this is not a game.
Rating: - Sometimes a book's price is its value indicator...
...and this book is well worth every penny. It's not simply a candlestick charts book, but also a very good TA work. It helps a lot in spotting continuation patterns or reversing trends, although I have to say that I'd have prefered that mr Nison provided us with some more candlestick combinations with other TA tools. Trading using candlestick alone can be dangerous.
There's no way a barchart, a HLC, OHLC or any other kind of chart can tell you as much as candlesticks can do. While you can't tell which of the bars were up or down closes by looking at a barchart, a simple glance at the candlesticks could provide you much more information about accurate trade signals. One of the things that struck me the most is the fact that mr Nison explains the psychological and emotional aspects that go with almost every pattern. That's what the chart reading is supposed to be.
Shorting a stock has almost been a taboo for me for a long time, but since I learned to spot "the dark cloud" on strong volume and some other things, I became much more confident with the short side of the market.
This book is for everyone: for the novices, the intermediate, the advanced and professional traders too. This, I think, is a very rare thing to find in a trading book nowadays. Get it, no matter how versed of a trader you are!
Rating:
- Be careful
The western style is little different the eastern style in stock trading because of the culture difference. Be careful to use the patterns in this book. I used them and found most of them were not reliable. However, it is a value book to enjoy. But for making money, I think you need more deep analysis in the Candlestick pattern.
Rating: - Excellent Work
Nison presents a rather scholarly and well-organized exposition of Candlesticks and their application in chart reading - I have seen none better - it progresses through continuation patterns, Japanese versions for well-known Western patterns, like the Fry Pan bottom, Three Buddha top, etc., and gives a summary of applications with moving averages, oscillators, options, etc. For a beginner or intermediate trader/investor using technical analysis, I believe this book and "Getting Started in Technical Analysis", by Jack Schwager, provide an excellent basis. While I'm at it, I'll also recommend Gann's "45 Years on Wall Street" and Smitten's "Jesse Livermore - World's Greatest Stock Trader". It helps to see how others have managed.
Rating: - Ultra-excellent book.
This book has opened up a whole new world of technical analysis for me. The subject matter is fascinating--the Japanese make everything they do into an art, and charting is no exception. These chart patterns are easy to learn because they make intuitive sense. Nison points out (wherever relevant) what each formation means in terms of market psychology and sentiment. The "emotional" side of the market is much more difficult to read using Western techniques -- at least for me. But with candlesticks I can really get a gut feeling for what is going on, in addition to a clearer analytical view. Nison is an excellent writer and makes everything clear and understandable. He includes an introduction on the history of candlesticks which is interesting. The book is beautifully layed out, with plenty of room in the margins for making notes. The charts are easy to read.
I cannot recommend this book enough.
- Stop flipping coins to predict your stocks movements...........Read this Book
Two words and two words only "Market Sentiment"...and thats it. The candlesticks help gauge the Psychology of the market or the measuring of the greed and fear factor of stock positions. The candlesticks alone will not indicate a buy or sell signal, but used with other charting methods(Stochastics, RSI, Moving Averages etc.)....the chances of you being on a losing side of a trade is greatly diminshed. Don't get me wrong about just reading this book and you'll be a stock-picking pro....but having the correct tools in this wiley world of trading will greatly enhance your financial survival, which means don't just jump into the market after reading this book just once, you have to paper trade for a minimum of 1 year along with constant studying, plus reading this book at least 3 times over....and lighting up them candles.
This was told to me a little while ago.....
What's the difference between a Thug around the corner and a Market Maker(Brokerage Firm) on the exchanges..."A Thug will bonk you over your head for a few lousy dollars only once in your life"..."A Brokerage Firm will rip your heart out by every time the market opens at 9:30am till 4:00pm close everyday of the week"...Remember this is not a game.
Rating:
- Sometimes a book's price is its value indicator......and this book is well worth every penny. It's not simply a candlestick charts book, but also a very good TA work. It helps a lot in spotting continuation patterns or reversing trends, although I have to say that I'd have prefered that mr Nison provided us with some more candlestick combinations with other TA tools. Trading using candlestick alone can be dangerous.
There's no way a barchart, a HLC, OHLC or any other kind of chart can tell you as much as candlesticks can do. While you can't tell which of the bars were up or down closes by looking at a barchart, a simple glance at the candlesticks could provide you much more information about accurate trade signals. One of the things that struck me the most is the fact that mr Nison explains the psychological and emotional aspects that go with almost every pattern. That's what the chart reading is supposed to be.
Shorting a stock has almost been a taboo for me for a long time, but since I learned to spot "the dark cloud" on strong volume and some other things, I became much more confident with the short side of the market.
This book is for everyone: for the novices, the intermediate, the advanced and professional traders too. This, I think, is a very rare thing to find in a trading book nowadays. Get it, no matter how versed of a trader you are!
Rating:
- Be carefulThe western style is little different the eastern style in stock trading because of the culture difference. Be careful to use the patterns in this book. I used them and found most of them were not reliable. However, it is a value book to enjoy. But for making money, I think you need more deep analysis in the Candlestick pattern.
Rating:
- Excellent WorkNison presents a rather scholarly and well-organized exposition of Candlesticks and their application in chart reading - I have seen none better - it progresses through continuation patterns, Japanese versions for well-known Western patterns, like the Fry Pan bottom, Three Buddha top, etc., and gives a summary of applications with moving averages, oscillators, options, etc. For a beginner or intermediate trader/investor using technical analysis, I believe this book and "Getting Started in Technical Analysis", by Jack Schwager, provide an excellent basis. While I'm at it, I'll also recommend Gann's "45 Years on Wall Street" and Smitten's "Jesse Livermore - World's Greatest Stock Trader". It helps to see how others have managed.
Rating:
- Ultra-excellent book.This book has opened up a whole new world of technical analysis for me. The subject matter is fascinating--the Japanese make everything they do into an art, and charting is no exception. These chart patterns are easy to learn because they make intuitive sense. Nison points out (wherever relevant) what each formation means in terms of market psychology and sentiment. The "emotional" side of the market is much more difficult to read using Western techniques -- at least for me. But with candlesticks I can really get a gut feeling for what is going on, in addition to a clearer analytical view. Nison is an excellent writer and makes everything clear and understandable. He includes an introduction on the history of candlesticks which is interesting. The book is beautifully layed out, with plenty of room in the margins for making notes. The charts are easy to read.
I cannot recommend this book enough.