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Reading Candlestick Charts Explained


Candlestick Charts


Candlestick charts were invented by the Japanese in the mid 1800’s.

Much of the credit for candle stick charting development goes to a fellow named Homma, a legendary rice trader from Sakata.

The first person to introduce Japanese candlesticks to the Western world was Steve Nison.

Steve Nison notes that candle stick development was likely a result from a collective effort developed over many years of trading.

The benefits of Candlestick analysis are many:

  • easier to understand
  • provide earlier indications of market and price turns
  • furnish unique market insights
  • enhance Western charting analysis
  • will increase efficiency of your analysis
  • are enjoyable to learn!




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Candlestick Formation


Candlestick formations and charts use the same open, high, low and close price data as the traditional Western bar chart.


Bar Chart




Candlestick Chart



As seen in the chart comparisons above, prices seem to jump off the page on the candle-stick chart. It pushes the flat, two dimensional bar chart into almost a three-dimensional aspect.



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Candlesticks Trading Courses

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There are two excellent Candlestick courses I recommend:


1. Candlesticks For Maximum Profits

2. Candle Charting Essentials & Beyond




Customer Reviews

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1. The first course is the Candlestick Trading for Maximum Profits.


In my opinion, there's no better way to trade than using candlesticks.

Stock trader B.M. Davis has become well known for his expertise in candlestick trading the stock and forex markets.

And he took a year and committed himself to create what I think is an outstanding Candlesticks trading course.

This course is not only an in-depth study of candlestick charting but also a study of a candlestick system of trading.

It will teach you everything that B.M Davis does and use to make money in the stock market using his candlestick system.

You'll learn the basics up to advanced strategies all with illustrated examples and charts.


The course includes a Book and Seven Videos which will teach you:


  • Proper Candlestick Chart Reading

  • Candlestick Pattern Recognition

  • How to Quickly Find Plenty of Candlestick Trades Each Day

  • B.M. Davis’s Candlestick Trading System

  • Conditions that Enhance Reversal Patterns and Signals

  • How to tell which reversal signals are true and which ones are fake.



This entire course is an incredible value.

If you are serious about learning Candlesticks and want to be a successful and profitable stock trader, I truly recommend you take this course.



Learn More Here




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2. The second Candlestick course is the Candle Charting Essentials & Beyond by world famous candlestick trader Steve Nison.


Steve Nison is known worldwide as the father of modem candlestick charting.

He not only introduced this exciting and powerful charting method to Western traders, but he continues training thousands of traders every year.

In the beginning, Steve only offered his expertise to top trading firms through his customized technical advisory and on-site seminars to institutional traders and analysts.

His clients included J.P. Morgan, Fidelity, The Bank of New York, Goldman Sachs, Spear, Leeds and Kellogg, Morgan Stanley, hedge funds, and OTC and NYSE market makers.

Currently, Steve is helping individual traders with methods that can help them win in any market conditions.

His two internationally bestselling books, Japanese Candlestick Charting Techniques and Beyond Candlesticks, have been translated into six languages.

He holds an MBA in Finance and Investments. He was among the first to receive the Chartered Marked Technician (CMT) designation from the Market Technicians Association (MTA) and was nominated for the MTA's "Best of the Best" for Price Forecasting and Market Analysis.


The Candle Charting Essentials & Beyond Program Is For EVERY Serious Trader. It doesn't matter if you're a complete beginner or if you're a seasoned candlestick trader. Everything you ever wanted to know about Candlesticks is all here for you.


In Steve’s Program you will Learn:


  • How to find out which candlestick patterns give you the best probability of success

  • When you should actually disregard the candlestick patterns

  • An Introduction to Steve Nison’s Trading Triad™ Success System

  • Know how to identify pattern confirmations with greater accuracy for safer, more profitable trades

  • A search engine that automatically identifies the best candle patterns for you

  • How to quickly monitor Steve’s favourite candle signal

  • How to truly master candles by understanding the psychology hidden inside each pattern (Learn this and you’ll be head and shoulders above your competition)

  • Thorough discussion of Steve’s popular Nison Trading Principles… and how you can benefit from them every single trading day

  • Establish perfect “harmony” in your trades for greater success rates



Volumes 1 and 2 (called Candlestick Charting Essentials) takes you from the basics to strong intermediate level with all three aspects of The Trading Triad®.

This is like attending the first two days of a four day seminar. From a knowledge level of 1 to 10 these DVDs will take you to a level 5 or 6.

Volumes 3 and 4 (called Candlesticks Re-Ignited) are designed for those who want the most advanced level of knowledge and training based on three aspect of The Trading Triad®.

This is like attending the days 3 and 4 of a four day seminar. From a knowledge level of 1 to 10 these DVDs will take you to a level 10.


Becoming a consistently profitable trader isn't rocket science.

To get the best results from your trading you need to give yourself a top-quality education.

This Candlesticks DVD Training Program is perhaps the most valuable education you'll ever give yourself.

And you get a special front of the line insider email address to ask Steve any question about any topic on the DVDs.


Click Here for More Information




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Here are three more Candlestick Charts Resources from Steve Nison:



1. Candle Charting Quick Start

This is an introductory DVD Course called Candle Charting Quick Start.

This course is for those who Traders who are new to the illuminating insights of candles...those who want to ensure they have the correct candle knowledge (especially if they learned candles from other sources)...and for Experienced candle traders looking for a quick refresher course.


Click Here for Candle Charting Quick Start




2. NISON CANDLE SCANNER

The Nison Candle Scanner. is a “push-button” easy way to identify your favorite candlestick charts patterns.

It is so remarkably easy to use. You don’t need to know how to program a computer. You don’t need to write any formula code. You don’t even need to know how to tell the difference between a “hammer” and a “doji.

You just pick the pattern you want from a list and – in real time – you’ll see ALL the markets that meet Steve's criteria for that pattern pop-up right on your computer screen!

Then you can use your favorite technical tools to zero in on the markets with confirming signals to help put the odds in your favor and maximize your trading profits.

Steve has hand-picked the very best candlestick patterns and created the filters to sift through thousands of markets for you in record time.

All of the filtering and analysis that Nison Candle Scanner™ performs for you is done instantaneously over the Internet using proprietary filtering technology that alerts you to candlestick patterns in real-time.

You can filter all daily or longer term markets (plus intraday for alerts), all the time, and have only those meeting pre-specified criteria instantly be called to your attention. Nison Candle Scanner is available as an instant download. Nothing will be shipped to you, which means no waiting for the delivery man!

Try Nison Candle Scanner absolutely RISK FREE for a full 10 Days... and if you don't agree that it's everything you've promised... you can return it for a prompt, friendly refund.


Click Here to Learn More about the Nison Candle Scanner




3. Steve Nison Newsletter


Steve also has a Free Newsletter.

Twice each month you'll receive a new issue delivered to your email inbox... making it easy to learn his powerful candlestick charts techniques!

You will learn his inside candlestick charts trading techniques, which will help you become a more competent and profitable stock market trader!



Click Here for Steve Nison's Free Newsletter Signup




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Next: Candlestick Patterns




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Recommended Candle-stick charting Tools and Resources


Recommended Technical Analysis Tools and Resources


Recommended Technical Stock Trading Software

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Candlesticks Trading For Maximum Profits E-book:

 Candlesticks Trading

Learn to Find The Best Trades!

Over 80% Profitable Trades Using Candlesticks

Instant Download.

Learn More Here


 Click To Learn More

"Candle Charting Essentials and Beyond"

Train with the World-renowned Father of Candle Charting!

Gain the Knowledge of CandleSticks to Achieve your trading goals in Record Time

Click The Image to Learn More








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Candlesticks For Maximum Profits by B.M. Davis  starstarstarstarstar
This is the most straight forward information I've ever studied on the subject of candlesticks!

The videos really hammered home the lessons.

Candle Charting Essentials & Beyond by Steve Nison  Not rated yet
Steve's technique learned in the DVD predicted a move in the BIDU stock, and on just one option contract I made over $1,500.

I am confident that, using ...

Candlesticks Trading For Maximum Profits  Not rated yet
This course is very easy to follow with excellent lessons and a great system to use too!






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