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This DVD begins building the solid, and correct, foundation for the rest of your candlestick education. See why candles are used by the most successful traders and analysts and how candles can help you overcome your trading challenges. You will learn how Steve’s Trading Triad™ Success System will put you ahead of those who don’t use this strategy. After detailing the basic construction of the candlestick line, Steve focuses on one of the most common and misunderstood candle signals-the doji. Want to know if a breakout is likely to be false? Then pay special attention to the section on spinning tops and doji. Do you think candles are complicated? This is just one of the misunderstandings that are blown apart here. By the end of this DVD, you’ll be starting down the path to accurately read the markets’ message better and faster than ever before.
Here's what you'll learn:
- Why is Steve Nison the source for your candle education
- Anatomy of the candle line
- The importance of understanding market psychology
- The popularity of candles
- The 7 major benefits of candles
- How candles can be used in all time frames and all markets
- Why candles are a tool and not a trading system
- Introduction to Steve Nison’s Trading Triad™ Success System
- Why candles give twice the information as a bar chart
- Using real bodies to gauge force of current move
- Spinning tops
- Essentials of Doji
- Basic Criteria
- Market Implication
- Using doji as a protective stop
- How to help avoid buying on false breakouts
- Avoiding a common misuse of the doji
- Shadows
- Why shadows must be part of your candle analysis
- Using long lower shadows
- Using long upper shadows
- High Wave Candles
- Basic Criteria
- Market implication
- Basic psychology behind the pattern
- Starting to read the market’s message with single candle lines
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