Japanese Candlestick Charting Techniques
Enjoy this blog from Steve Nison of Candlecharts.com, the first to reveal Japanese Candlesticks to Western traders and investors. You will discover how to use Japanese candlestick charts no matter what you trade: stocks, options, Forex, and more. These strategies also work in any time frame, including day trading, daily, weekly, swing trading, long-term investing, and more. Receive instant updates via email.
To register for this upcoming K.I.S.S. online event, click here now
Filed Under Active Investor, Candle Charts, Candlecharts Academy, Candlestick Chart Patterns, Candlestick Charting, Candlestick Charts, Japanese Candlestick Charting, Online Candlecharts Education, Online Candlecharts training, Price Patterns, Read Candlestick Charts, Steve Nison, Technical Analysis of Stock Trends, Trading
One of the common issues that we observe for many traders is that they feel isolated in their pursuit of their personal trading goals. Often, we receive feedback from individual traders that they are so focused on their current positions, that they don’t feel connected to other potential positions or other traders. Another often perceived characteristic of traders is that they only “hear” the information about their position that they want to listen to. Meaning, if they are bullish on a position, they will somehow not pay any attention to any bearish indicators of that position.
Many people begin their trading career needing to learn and understand many components of how to become truly successful in their new endeavor. The secret to fast tracking this process, is to leverage the expertise of the foremost expert on candlestick charting, Steve Nison. No reason to recreate the wheel when we have already put so many of the important aspects all in one place, the official member site of candles; Mycandlecharts.com.
Imagine feeling confident about entering/exiting OR not entering/exiting a position because it was analyzed by one of the mentors of the site during a strategy session. Imagine being able to login to a site any hour of the day to check out our most up to date chart challenge that will ensure you are using candles correctly!
The creation of our membersite was put together based on feedback from traders of all levels of experience and of varying styles. Some of the features of the site that assist traders are: chart challenges, strategy sessions, trade setup videos, daily market recaps, chart room’s and much more. The features of the site would assist traders who trade any market, and any time frame. New memberships are currently being accepted into the site.
We are also excited to announce that our very popular Special Topic sessions are also included in both live and in recorded version at no extra cost to all active members of the site.
To learn more about Mycandlecharts.com, and begin the path to even greater success, click here.
Filed Under Candle Charts, candles, chat room, membersite, Online Candlecharts Education
Many are not aware of it, but my background is on the future side. In the mid 1970s, I worked for a commodity consulting firm, which advised clients on when to hedge their commodities. So, for example, we had Arrow Shirts as a client, and we would tell them when to hedge cotton. What was fascinating, and what sparked my interest in technical analysis, was the way management derived their advice — strictly from the charts. I then moved on to commodity departments at firms such as E.F. Hutton (or as I call it now-since it went out of business in the late 1980s – E.F. Nutin’ . By the way, they were best known for their great commercials that said, ” when E.F. Hutton talks everyone listens.”) and Merrill Lynch. One of my major responsibilities, was giving trade recommendations to the futures brokers over what we back then called, the squawk box. Essentially, I would give my trade recommendations over the phone and the brokers would hear this real-time on their speakers.
When I was doing my research into candlesticks in the 1980s, many of these trade recommendations were based on the candlesticks, but the brokers didn’t know that, since I was still doing my research. Soon, I realized how effective and accurate the candlestick signals were. All in all it took over two years, and then a year to write the book.
When my first book Japanese Candlestick Charting Techniques came out, I was in the futures area of the firm. And as such, the charts in the book were futures based. (I revised that book about five years ago, with mainly equity charts. By the way, all my newest strategies and techniques over the last five or six years are not in my books. I tell traders that on a knowledge level from 1 to 10, the books will take him to a level 2.)
It worked out well, that the focus was in the futures markets when my first book came out in 1990. This was before day trading and very short-term trading became the hall mark of the equity markets. It was this short-term trading, that led to the 1990s boom in technical analysis in the equity markets. Before then, the most savvy and technically oriented traders were in a commodity markets, because of their volatile nature. And it was these commodity traders, that were the first to pick up the use of candles to let them spot those early reversal signals.
Interestingly, in the 1980s it was the commodity traders who were the most technically savvy. In the 1990s, equity traders picked up how candlesticks could benefit their trading, and now it’s Forex traders. For more information on how to continue your education, click here.
Filed Under Steve Nison, Trading
Have you ever felt like you wanted to be a successful trader and/or investor…but you just had some obstacles in your way of truly achieving that goal? Do you want to add to your account size, but just don’t know when to enter a trade, and probably even more important, know when to get out of that trade? Have you ever wondered how to find those specific market instruments to trade but just don’t know how to find those golden opportunities?
Well, if you have felt like that, then you are certainly not alone! There are many, many traders around the world, that have those same challenges. In fact, there are traders and investors around the world with varying levels of experience and skill levels that have those exact same barriers to obtaining the success that they so desire.
Due to regular communication and conversations with traders and investors, we here at Candlecharts.com have found there to be several regular issues that confront everyone who has ever wanted to be a trader. Some of those issues are exiting a trade too late (or too early), not having the confidence to actually enter a trade, and having no idea how to find trade setups. Based on these hundreds if not thousands of pieces of feedback have led us to develop a one day seminar specifically designed to help traders and investors overcome those trading challenges.
“Conquering the 3 Biggest Trading Challenges”
Because these common obstacles affect so many traders, we have found the best way to assist you in overcoming those obstacles in our very exciting one day seminar, which will be held on January 11, 2014. The best part is, even if you are not available to attend live, you would have access to the recording of the session so that you would be able to view over and over again so that you could continue to tackle those challenges and achieve the goals that you have been looking for! For more information and to obtain the early bird discount, follow all of the other traders that have already signed up at Overcome your Trading Challenges.
Filed Under Overcoming Challenges