He is the owner and principal of CandleCharts. He has appeared on CNBC and has been the subject of articles in The Wall Street Journal, Barrons and Worth Magazine.

In addition to this book he is also the author of Beyond candlesticks. Nison has trained professionals in almost every major investment firm in 18 countries, and at the Federal Reserve, major Commodity Exchanges, the World Bank, the New York institute of Finance, and numerous universities.

In the first edition of Japanese Candlestick Charting Techniques, Steve Nison revealed, for the first time to the western world, the background and practical application of candlestick charts. Now, these colourful exciting techniques are hot on the lips of leading analysts, traders and brokers worldwide.

Completely informative and global in its outlook, this revised edition provides in-depth explanations of how candlestick techniques can be used in all of todays markets to help improve profits and decrease market risk. They provide a wealth of information and are instrumental for our daily operations. The charting technique is valuable for the individual or professional investor. Director of International Markets, Fleet Meehan Specialists NYSE.

It is the definitive book … explained in plain, straightforward English. I have been a market technician for over 25 years and a money manager for more than 30 years and … have switched from my bar charts to candlestick charts. I believe that any technician who reads this book will do likewise. Phillip Becker CEO H.

Steve has done a good job of relating, and clearly illustrating, the way in which the Japanese candlestick charting technique fits in with and complement traditional Western technical tools … this book has become the standard text on the subject. Harold Yosco Partner, Van Der Moolen Specialists, USA. It is a valuable and crucial investment for anyone involved in the stock market. His seminars are packed not only because he possesses an encyclopaedic and dynamic knowledge of the material, but also because he is an outstanding teacher.

Both of these qualities are evident in the revised edition of his seminal text, Japanese Candlestick Charting Techniques. Those traders who have read his book are convinced, and refer to it again and again. Keep it near your terminal. The insights and tools it contains will help you make money in both the most stable and most volatile of markets.

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This book was not among that list at the time as I was unaware of it. The education I gained from that first list of books was well worth the initial investment, and after a few divergences I was starting to get much more of an idea about my trading preferences. I was on the third iteration of my trading business plan and starting to become far more focussed. That focus was developing an interest in raw Price Action trading as I have outlined in the complementary review to this of Pring On Price Action — Review.

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Price Action charts often use Hi-Lo bar charts, but my personal preference is to use Japanese Candlestick Charts. For me because of my preferences bar chart price action patterns and Japanese Candlestick patterns overlap to the extent that I regard them as virtually the same — although many purists may disagree with me and probably rightly so.

I do maintain however that one of the objectives of any traders education must be to develop your own set of techniques with which you are fully conversant and totally comfortable. So, after the above preamble what about this book and why did I buy it? I have not read it from cover to cover as I regard it more as a reference book to dip into whenever I need to research or reference a price action chart pattern. For my purposes I find it the perfect companion to Pring.

Japanese Candlestick Charts are discussed at length on the internet and you can find all of the patterns analysed and referenced there. But as I mentioned previously if you use these patterns you need to get the right tool for the job and this book is it. I think trying to use Japanese Candlestick Charts without this book would be like trying to learn boxing with one hand tied behind your back come to think of it we did do an exercise where we boxed one handed the left , but luckily in the ring we always had both hands available.

This book is the right tool for the job because it contains everything I need all in one place on the shelf above my trading terminal. This means no wasted time hunting around the internet trying to find out what a certain pattern signifies. The first part of the book outlines all of the Japanese Candlestick patterns with a comprehensive discussion of the patterns significance, comparisons to Western analogies and comments about how to trade them.

In the second part of the book Nison merges the art of Japanese Candlestick Charting with the use of more Western indicators such as trend lines, retracement levels, oscillators and volume. Many useful strategies are outlined that can help any trader new or experienced start to develop or sharpen up their own systems or trading styles.

Finally there is a Candlestick Terms and Visual Dictionary covering all of the patterns discussed in the book. Again this is one of those books that once you dip into it you will realise how indispensable it is. The information contained in this high quality book can be used to help you hone your own price action or other techniques to perfection. I am of the opinion that you have to continually invest in yourself whatever you choose to do in life and as my objective was learning about price action I think this book is worth many multiples of what I paid for it.

The importance of words such as these just cannot be emphasized too strongly. Stay in the position only if the market conforms to expectations. If subsequent price action either contradicts or fails to confirm these expectations, it is time to exit. Thus you stubbornly stay with the position in the hope that the market will turn in your direction.

The market goes its own way without regard to you or your position. The market does not care whether you own it or not. The one thing worse than being wrong, is staying wrong.

Lose your opinion, not your money. I have lost count of how many times the powerful statement above saved me the price of this book. You can buy this and many other Trading related books at the Systems For Traders Bookshop. Here is a link to the indicator on Forex Useful which identifies 3 different type of reversal candles — http: Systems For Traders Japanese Candlestick Charting Techniques Review — Steve Nison.

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