Summary of Steve Nison's Japanese Candlestick Charting Techniques , livre ebook

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27 pages

English

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Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 The Japanese candlestick chart analysis, so called because the lines resemble candlesticks, has been refined by generations of use in the Far East. Until the publication of Japanese Candle Charting Techniques, the claws of Japanese charting analysis were a secret from the Western world.
#2 Candle charts are easy to understand and provide early indications of market turns. They also provide unique market insights that traditional bar and point and figure charts do not.
#3 Candle charts are a win-win situation. They require the same data as bar charts to be drawn, which means that any of the technical analyses used with bar charts can be applied with candle charts. However, candle charts send out insights into the health of the market that are unavailable anywhere else.
#4 I spent years researching and learning about Japanese candle charting methods. I was able to learn about the Japanese terminology and concepts, and became comfortable with them.

Informations

Publié par	Everest Media LLC
Date de parution	27 avril 2022
Nombre de lectures	0
EAN13	9781669392347
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0150€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

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Insights on Steve Nison's Japanese Candlestick Charting Techniques
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4
Insights from Chapter 1

#1

The Japanese candlestick chart analysis, so called because the lines resemble candlesticks, has been refined by generations of use in the Far East. Until the publication of Japanese Candle Charting Techniques, the claws of Japanese charting analysis were a secret from the Western world.

#2

Candle charts are easy to understand and provide early indications of market turns. They also provide unique market insights that traditional bar and point and figure charts do not.

#3

Candle charts are a win-win situation. They require the same data as bar charts to be drawn, which means that any of the technical analyses used with bar charts can be applied with candle charts. However, candle charts send out insights into the health of the market that are unavailable anywhere else.

#4

I spent years researching and learning about Japanese candle charting methods. I was able to learn about the Japanese terminology and concepts, and became comfortable with them.

#5

I began to expand my abilities in candle charting techniques, and I met a Japanese trader who was willing to share his knowledge with me. I translated the Japanese candle charting literature, and my books were published in 1991 and 1994.

#6

The first part of the book teaches you how to draw and interpret candle lines and formations. This will lay a solid foundation for Part 2, where you will learn the value of integrating candles with Western technical techniques.

#7

Candle chart patterns are subject to the interpretation of the user. As with all charting methods, they are a guidepost. You should not expect rigid rules, but rather expect guideposts. Extensive experience with candle charting in your market will help you determine which patterns and variations of these patterns work best in your markets.

#8

Candle charts do not provide price targets, so it is important to use Western technical techniques on them. They are just one tool in your trading arsenal.

#9

The importance of technical analysis is multifaceted. It helps you measure the irrational emotional component present in all markets. It also helps you mitigate the nemesis of all traders, emotion.

#10

Following the technicals is important even if you don’t fully believe in their use. They are a market-moving factor, and should be watched. People's reactions affect price, but price also affects people's reactions.
Insights from Chapter 2

#1

The military conditions that suffused Japan for centuries became an integral part of candlestick terminology. The relative stability engendered by the centralized Japanese feudal system led by Tokugawa gave new opportunities.

#2

Osaka was a city that contributed a lot to price stability. It was permeated by the desire for profit, and as a result, it had a social system composed of four classes: the Soldier, the Farmer, the Artisan, and the Merchant.

#3

Homma, a trader in the rice market, was said to have 100 consecutive winning trades. His prestige was such that there was a folk song from Edo that stated when it is sunny in Sakata, it is cloudy in Dojima and rainy at Kuramae, which reflects his sway over the rice market.

#4

Homma was a Japanese businessman who was active in the late 1800s. He was a pioneer in the field of cost accounting, which is the measurement of cost by actual materials used instead of labor.
Insights from Chapter 3