Steve Nison's Quick Start Guide to Correctly Using Candlesticks
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
The very first to reveal candlesticks to the Western world. Author of three books on candlestick charting translated into 12 languages. 30 years real world experience with candlesticks His work is the foundation of all candlestick education in the Western world. Advisor to top institutional firms. Spoke at the World Bank and Federal Reserve.
Steve Nison, CMT
President and Founder: Candlecharts.com Member - Traders Hall of Fame
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
NY
London
Spain
Canada www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
ANATOMY OF THE CANDLESTICK LINE
high
Shadow open
close
Real Body open
close
low
Real Bodies / Shadows www.candlecharts.com
Doji
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Drawing Candle Lines
28
session open high low close
27
1
23
26
21
25
2
26
28
23
27
25
3
23
27
22
22
24
4
25
28
22
25
23
5
27
27
25
25
22
26
21
1
www.candlecharts.com
2 3 4 5
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Drawing Candle Lines
session open high low close
28
1
23
26
21
25
27
2
26
28
23
27
26
3
23
27
22
22
4
25
28
22
25
5
27
27
25
25
25 24 23 22 21
1
www.candlecharts.com
2 3 4 5
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Where open and close are the same (or nearly the same)
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Candles give 2x the information as a bar chart
Who is in charge at the green arrow sessions?
Who is in charge here?
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
What is one of the best ways to make money? Those poor traders and investors who got fooled into buying here lost at least $30/share
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
One of the best ways to make money is ...?
Saved at least 18% by NOT buying here
I was watching mad money (Jim Cramer) he spoke about a stock he liked. So I checked it out with a candle chart in a formed a doji. So I saved money and want to thank you for that. --Joey A.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Long lower (bullish) shadows
Although this market is descending, the long lower shadows offsets some of the negative outlook
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Black or white candle with long lower shadow (2x or more) compared to real body.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Nison Candlestick strategies for greater profits Scenario 1 – buy at candle signal @ 395 Exit at doji market @ 447 Profit: $52/share
Scenario 2 – buy based on MACD @ 418 Exit at doji @ 447 Profit: $29/share
Result: Nison candlesticks generated an extra $23/share profit. So if you purchased just 100 shares that means $2,300!
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Nison Power Concept
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Is it a valid Nison candle?
Not hammers!
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Candlesticks for entering a new Position
target
Entered at 62, stop 60.99
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Evolution of Charts: The 1st Dimension Line chart
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Evolution of Charts: The 2ND Dimension Bar chart
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Evolution of Charts: The 3rd Dimension candlestick chart
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Black or white candle with long upper shadow (2x or more) compared to real body.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
THINK THIS MARKET HAD TROUBLE NEAR 1.7040?
If I had only seen this!
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Gravestone Doji
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
BULLISH White real body that wraps around prior session’s black real body or a doji.
BEARISH Black real body wraps around prior session’s white real body or a doji.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Picking the Early reversals
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
© candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Importance of the Correct Education
I recently purchased a technical analysis package from a “WELL KNOWN” technical analysis guru. He made several references to candlestick patterns, and each references that he made was absolutely wrong! …During a strong uptrend, he called a large white real body after a small black real body a bullish engulfing pattern. If I hadn’t bought and studied your education , I would never would have known that and would have assumed that he was right. And I could have lost a lot of money! – Carl
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Look Out Below!
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Bearish Engulfing as resistance
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Same as a gap in Western technicals. The current session’s low is higher than the prior session’s high.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Same as a gap in Western technicals. The current session’s high is under the prior session’s low.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Small Window
2 cents
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Falling Window
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
“I am almost 62 … I am certain that the financial part of our retirement will be well secured and earlier than we had thought. Thank you Steve Nison!” – Tom B.
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Nison Candles for Longer term investing
Entered the market here
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Leverage
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Candles for Higher Profits Using options
Falling window at $700 confirms a top. $700 put @ $25 Bearish moving average dead cross at $650. $700 put @$58
Result: an extra $3300 in your pocket on one options contract! www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
The Multiplier Effect Where a Nison candle signal confirms another indicator
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Bullish Engulfing Pattern at Support
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
How NOT to use candlesticks
Oh my goodness! The market rallied after the shooting star!
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Nison Chart Challenge
1. What are the reversal signals? 2. Where is potential support? 3. Any signals confirming support area forecasted in #2?
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Nison Chart Challenge FED DEPT STRS
44.5
During this time, the market is ascending. However, what are reasons for caution?
44.0
43.5
43.0
42.5
42.0
41.5
41.0
40.5
40.0
39.5
39.0
38.5 4 March
11
18
25
1 April
8
15
22
29
6 May
www.candlecharts.com
13
20
28
3 June
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Learning is the gatenot the house. You first have to get through the gate to get to the house. Miyamoto Musashi Famous 17th Century Samurai
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
From our education to Your Success We highly recommend the Express Class
• Go to candlecharts.com/express class • Use secret coupon code “nextstep” to get $50 off • Enter the code at the check out page NOTE: this offer ends in a few days And always remember to check out the resources at candlechartsacademy.com
The very first to reveal candlesticks to the Western world. Author of three books on candlestick charting translated into 12 languages. 30 years real world experience with candlesticks His work is the foundation of all candlestick education in the Western world. Advisor to top institutional firms. Spoke at the World Bank and Federal Reserve.
Steve Nison, CMT
President and Founder: Candlecharts.com Member - Traders Hall of Fame
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
NY
London
Spain
Canada www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
ANATOMY OF THE CANDLESTICK LINE
high
Shadow open
close
Real Body open
close
low
Real Bodies / Shadows www.candlecharts.com
Doji
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Drawing Candle Lines
28
session open high low close
27
1
23
26
21
25
2
26
28
23
27
25
3
23
27
22
22
24
4
25
28
22
25
23
5
27
27
25
25
22
26
21
1
www.candlecharts.com
2 3 4 5
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Drawing Candle Lines
session open high low close
28
1
23
26
21
25
27
2
26
28
23
27
26
3
23
27
22
22
4
25
28
22
25
5
27
27
25
25
25 24 23 22 21
1
www.candlecharts.com
2 3 4 5
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Where open and close are the same (or nearly the same)
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Candles give 2x the information as a bar chart
Who is in charge at the green arrow sessions?
Who is in charge here?
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
What is one of the best ways to make money? Those poor traders and investors who got fooled into buying here lost at least $30/share
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
One of the best ways to make money is ...?
Saved at least 18% by NOT buying here
I was watching mad money (Jim Cramer) he spoke about a stock he liked. So I checked it out with a candle chart in a formed a doji. So I saved money and want to thank you for that. --Joey A.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Long lower (bullish) shadows
Although this market is descending, the long lower shadows offsets some of the negative outlook
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Black or white candle with long lower shadow (2x or more) compared to real body.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Nison Candlestick strategies for greater profits Scenario 1 – buy at candle signal @ 395 Exit at doji market @ 447 Profit: $52/share
Scenario 2 – buy based on MACD @ 418 Exit at doji @ 447 Profit: $29/share
Result: Nison candlesticks generated an extra $23/share profit. So if you purchased just 100 shares that means $2,300!
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Nison Power Concept
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Is it a valid Nison candle?
Not hammers!
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Candlesticks for entering a new Position
target
Entered at 62, stop 60.99
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Evolution of Charts: The 1st Dimension Line chart
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Evolution of Charts: The 2ND Dimension Bar chart
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Evolution of Charts: The 3rd Dimension candlestick chart
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Black or white candle with long upper shadow (2x or more) compared to real body.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
THINK THIS MARKET HAD TROUBLE NEAR 1.7040?
If I had only seen this!
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Gravestone Doji
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
BULLISH White real body that wraps around prior session’s black real body or a doji.
BEARISH Black real body wraps around prior session’s white real body or a doji.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Picking the Early reversals
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
© candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Importance of the Correct Education
I recently purchased a technical analysis package from a “WELL KNOWN” technical analysis guru. He made several references to candlestick patterns, and each references that he made was absolutely wrong! …During a strong uptrend, he called a large white real body after a small black real body a bullish engulfing pattern. If I hadn’t bought and studied your education , I would never would have known that and would have assumed that he was right. And I could have lost a lot of money! – Carl
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Look Out Below!
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Bearish Engulfing as resistance
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Same as a gap in Western technicals. The current session’s low is higher than the prior session’s high.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Same as a gap in Western technicals. The current session’s high is under the prior session’s low.
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Small Window
2 cents
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Falling Window
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
“I am almost 62 … I am certain that the financial part of our retirement will be well secured and earlier than we had thought. Thank you Steve Nison!” – Tom B.
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Nison Candles for Longer term investing
Entered the market here
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Leverage
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Candles for Higher Profits Using options
Falling window at $700 confirms a top. $700 put @ $25 Bearish moving average dead cross at $650. $700 put @$58
Result: an extra $3300 in your pocket on one options contract! www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
The Multiplier Effect Where a Nison candle signal confirms another indicator
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Bullish Engulfing Pattern at Support
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
How NOT to use candlesticks
Oh my goodness! The market rallied after the shooting star!
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Nison Chart Challenge
1. What are the reversal signals? 2. Where is potential support? 3. Any signals confirming support area forecasted in #2?
www.candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Nison Chart Challenge FED DEPT STRS
44.5
During this time, the market is ascending. However, what are reasons for caution?
44.0
43.5
43.0
42.5
42.0
41.5
41.0
40.5
40.0
39.5
39.0
38.5 4 March
11
18
25
1 April
8
15
22
29
6 May
www.candlecharts.com
13
20
28
3 June
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
Learning is the gatenot the house. You first have to get through the gate to get to the house. Miyamoto Musashi Famous 17th Century Samurai
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
From our education to Your Success We highly recommend the Express Class
• Go to candlecharts.com/express class • Use secret coupon code “nextstep” to get $50 off • Enter the code at the check out page NOTE: this offer ends in a few days And always remember to check out the resources at candlechartsacademy.com
