By reading Japanese Candlestick Charting Techniques you will discover how candlesticks will add another dimension of analysis. Candlestick techniques can be used for speculation and hedging. They can be used for futures, equities, options, or anywhere technical analysis is applied.
Would you like to learn a technical system refined by centuries of use, but virtually unknown here? A system so versatile that it can be fused with any Western technical tool? A system as pleasurable to use as it is powerful? If so, this book on Japanese candlestick charting techniques is for you. You should find it valuable no matter what your background in technical analysis.
Japanese candlestick charts are older than bar charts and point and figure charts. Candlesticks are exciting, powerful, and fun. Using candlesticks will help improve your market analysis. My focus will be mainly on the U.S. markets, but the tools and techniques in this book should be applicable to almost any market.
If you like reading about colorful terminology like “hanging-man lines,” “dark-cloud covers,” and “evening stars” then this book is for you. If you subscribe to one of the multitude of services now providing candlestick charts and would like to learn how to use these charts, then this book is for you.
In the first part of the book, you learn how to draw and interpret over 50 candlestick lines and formations. This will slowly and clearly lay a solid foundation for the second part where you will learn to use candlesticks in combination with Western technical techniques.
This book will not give you market omniscience. It will, however, open new avenues of analysis and will show how Japanese candlesticks can “enlighten” your trading.
– PART ONE: THE BASICS
- A HISTORICAL BACKGROUND
- CONSTRUCTING THE CANDLESTICKS
- REVERSAL PATTERNS
- MORE REVERSAL PATTERNS
- CONTINUATION PATTERNS
- THE MAGIC DOJI
- PUTTING IT ALL TOGETHER
- CANDLESTICKS WITH ELLIOTT WAVE
- CANDLESTICKS WITH MARKET PROFILE
- CANDLESTICKS WITH OPTIONS
- HEDGING WITH CANDLESTICKS
- HOW I HAVE USED CANDLESTICKS
– PART TWO: THE RULE OF MULTIPLE TECHNICAL TECHNIQUES
- A CONFLUENCE OF CANDLESTICKS
- CANDLESTICKS WITH TRENDLINES
- CANDLESTICKS WITH RETRACEMENT LEVELS
- CANDLESTICKS WITH MOVING AVERAGES
- CANDLESTICKS WITH OSCILLATORS
- CANDLESTICKS WITH VOLUME AND OPEN INTEREST