Japanese Candlestick Charting Techniques, Second Edition by Steve Nison

[brownsfan019 17]

This book is the follow up to the review I posted here:

http://www.traderslaboratory.com/forums/f8/candlestick-course-steve-nison-1560.html

 

I would suggest this book (Japanese Candlestick Charting Techniques, Second Edition) if you are interested in expanding your candlestick knowledge and want to learn more about the theories and explanations behind what the candles may be telling you. This book feels much more like a textbook; whereas the review listed above is more of a workbook feel.

 

In this book, Nison talks about daytrading (which is nice if you are a daytrader) and his view of convergence. Again, this book takes the workbook to the next level and he really dives into specifics. This is ideal for the trader that wants more and wants to understand why certain patterns are respected as often as they are.

 

If serious about trading candlesticks, I would highly recommend this book!

[notouch 10]

I thought I knew all I needed to know about candlesticks but then I read this book and realised there's a lot more to candlesticks than hammers and dojis. Well worth the read, especially for swing and position traders.

[brownsfan019 17]

I thought I knew all I needed to know about candlesticks but then I read this book and realised there's a lot more to candlesticks than hammers and dojis. Well worth the read, especially for swing and position traders.

 

I couldn't have said it better notouch. Candles are very powerful when you understand fully how to use them and use them properly. Simply looking for shapes that you found on a free website won't cut it.

 

Good luck and welcome to the world of candles!

[dowe66 10]

If serious about trading candlesticks, I would highly recommend this book!

 

I Second That! Since reading this book my trading has had a significant increase to the upside.

 

:applaud:

[AgeKay 10]

Worst book about trading that I have seen so far, but that's only because I believe that candlesticks are completely arbitrary. If you do like them, the book at least "looks nice" with it's big letters and charts.

[brownsfan019 17]

Worst book about trading that I have seen so far, but that's only because I believe that candlesticks are completely arbitrary. If you do like them, the book at least "looks nice" with it's big letters and charts.

 

Thanks for the useless commentary.

 

It's true people - if you think candlestick analysis is 'arbitrary' - then guess what? A BOOK DEDICATED TO TRADING CANDLESTICKS MAY NOT BE YOUR CUP OF TEA...

 

Unbelievable...

 

:bang head:

 

Why bother spending money if you don't believe the methodology can work? That makes absolutely no sense ... you think candlestick analysis is no good, yet you spend the money to purchase a book on how to trade with candlesticks? Anyone else see the irony here?

 

 

As you can tell from my screen name, I am a Cleveland Browns fan. I bleed orange and brown through and through. Guess what? I don't think I would be impressed with a book, DVD, etc. about the NY Giants. Or the Dallas Cowboys. Would I ever spend a penny on these other teams? NO. Would it be a surprise if I did a review on the book or dvd was not impressed? NOPE. Why? I don't know... maybe b/c I have a slight bias?

 

:hmmmm:

[jessechan 10]

How would one compare Nison's book with Bigalow's "High Profit Candlestick Patterns"? I like the latter very much, but I haven't read the former.

[raven4ns 10]

How would one compare Nison's book with Bigalow's "High Profit Candlestick Patterns"? I like the latter very much, but I haven't read the former.

 

Hi Jessechan,

I have Nison's book as well as greg morris's book. What made u feel that bigelow's book was good? What did u garner from it? Thank you.

 

 

Tim

[jessechan 10]

Hi, Tim,

 

I have Morris's book as well as Bigalow's book. Both of them are quite good for candlestick course. I'm not sure if I should get Nison's book as well.

 

Thanks.

 

Jesse

[stuka 10]

Somebody have read this book?? Is it good one???

[umfan92 10]

I just got the first edition of Japanese Candlestick Charting Techniques. Do you think they changed the second edition a good amount or would you say the first edition is still relevant and worth the read?

 

Has it had a significant positive effect on your trading?

[wrbtrader 10]

I just got the first edition of Japanese Candlestick Charting Techniques. Do you think they changed the second edition a good amount or would you say the first edition is still relevant and worth the read?

 

Has it had a significant positive effect on your trading?

 

Hi,

 

Although the books do not teach you how to trade Japanese Candlestick patterns nor should they be used as such, they are an excellent reference (dictionary) of Japanese Candlestick patterns to help you with proper identification of candlestick patterns.

 

Thus, they had a positive effect on my trading because I was able to properly identify candlestick patterns regardless if the pattern was reliable or not. Simply, I no longer get the names of the candlestick patterns mixed up. Therefore, they are worth the read for those new to Japanese Candlestick patterns that do not want to make mistakes like calling a pattern an engulfing when in reality it is not engulfing.