Steve Nison – 2009 Mega Package – CANDLESTICK CHARTING ESSENTIALS & BEYOND

DVD #1: The Framework of Candles 

This DVD starts building the foundation for your candlestick education. 

Learn why the best traders and analysts use candles and how candles can help with your trading problems. This video will show you how Steve’s Trading Triad™ Success System will put you ahead of those who don’t use this strategy.

Let’s now look at the construction of the candlestick lines. Steve The Doji is one of the most commonly misunderstood candle signals. How do you know if a breakout could be fake? Pay special attention to the section about Spinning Tops or Doji.

You think candles are complex? This is only one of the many misconceptions that will be dispelled 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 this? Steve Nison Source for your candle education 
• Anatomy of the candle-line 
• Understanding market psychology is crucial 
• Candles are gaining popularity 
• Here are 7 benefits to candles 
• How candles can be used in any time frame and on all markets 
• Candles are not a trading platform, but a tool. 
• Introduction Steve Nison’s Trading Triad™ Success System 
• Why are candles twice as informative as a bar graph? 
• Real bodies used to measure force of the current move 
• Spinning tops 
• Doji basics 
  • The Basic Criteria
  • Market Implication
  • Protective stop using doji
  • How to avoid falling for false breakouts
  • Avoid common misuses of the doji
• Shadows 
  • How shadows should be included in your candle analysis
  • Using long lower shadows
  • Use long, upper shadows
• High Wave Candles 
  • The Basic Criteria
  • Market implication
  • The psychology of the pattern
• Starting to read the market’s message with single candle lines 

DVD #2: The Essentials of Single Candle Lines 

Candles carry a special message. How can you interpret the messages of candles? 

Steve The answer is right in front of you. This guide will walk you through the steps to determine how the candlestick lines – both the actual body and shadows – are telling you about market health. Using this information, you’ll see the inside secret of how to tell which way the market will break out a trading range.

All candle signals may not be equally valid. This DVD explains why. Steve This will give you an overview of which candle signals to be careful about and why. You can then use the visual insight of single candle lines, even if they are not specific candle patterns, to accurately predict when the market is likely to reverse.

Here’s what you’ll learn: 

• Hammer Essentials 
  • Construction
  • Basis criteria
  • Market implications
  • The psychology of the pattern
  • Hammer and trend
  • As support
  • Dragonfly doji
• Inverted Hammer Essentials 
  • Construction
  • Basis criteria
  • Cautionary Notes
• Shooting Star Essentials 
  • Construction
  • Basis criteria
  • Market implications
  • Basic psychology behind this pattern
  • As resistance
  • Example of incorrect candle information
• Hanging Man Essentials 
  • Construction
  • Basis criteria
  • Cautionary Notes
• Box trading-Using candles to predict breakout direction 
• Essentials for single candles – Bringing it all together 

DVD #3: Bull and Bear Double Candle Designs 

Are there too many candlestick designs? Then you’ll appreciate how Steve Zooms in to see his favorite double candle pattern patterns from the bull and bear sides.

With the help of this DVD, you’ll develop the confidence to quickly find and correctly use, these most important double candle line patterns to set up a trade. In this section, you’ll see how to answer the common question of “How do I know when the pattern fails?”

Here’s what you’ll learn: 

• Bullish Engulfing Pattern Essentials 
  • Construction
  • Basis criteria
  • Market implications
  • As support
  • The psychology of the pattern
• Piercing Pattern Essentials 
  • Construction
  • Basis criteria
  • Market implications
  • As support
  • The psychology of the pattern
• Bull Harami Essentials 
  • Construction
  • Basis criteria
  • Market implications
  • As support
  • Basic psychology behind this pattern
• Bearish Engulfing Pattern Essentials 
  • Construction
  • Basis criteria
  • Market implications
  • As resistance
  • The psychology of the pattern
  • Contrary to western outside reversal
• Essentials for Dark Cloud Cover 
  • Construction
  • Basis criteria
  • Market implications
  • As resistance
  • Basic psychology behind this pattern
• Bear Harami Essentials 
  • Construction
  • Basis criteria
  • Market implications
  • Basic psychology behind this pattern

DVD #4: Bull and Bear Triple Candle Patterns and Continuation candles 

This DVD completes our candles reversal patterns. Steve Gives the inside scoop on the Morning and Evening Stars. 

Although most candle patterns are reversal indicators (or indicating market reversal), there is a small group of continuation candles that show the market continuing its current trend. One of these is Steve’s all time favorite candle pattern. This signal is easy-to-recognize and can be a boon for your trading skills.

Review the information in this DVD and any previous DVDs. Steve We will give you an example of how not to use candlesticks, to help avoid one of most dangerous and common mistakes made by candle traders.

Here’s what you’ll learn: 

• Morning Star Essentials 
  • Construction
  • Basis criteria
  • Market implications
  • The psychology of the pattern
  • As support
  • Variations
• Evening Star Essentials 
  • Construction
  • Basis criteria
  • Market implications
  • The psychology of the pattern
  • As resistance
  • Being flexible
  • Variations
• Three White Soldiers Are Advancing 
  • Construction
  • Basis criteria
  • Market implications
  • The psychology of the pattern
  • Pattern nuances
• Three methods for rising and falling 
  • Definition
  • Construction
  • Pattern nuances
• Rising and falling Windows 
  • Definition
  • Construction
  • Maximize your chances of success by using
  • Common misuses
  • Breakaway gaps and windows
  • Fry pan bottom definition, construction, and uses
  • Definition, construction, and uses of Dumpling Top
• How to NOT use candles 

DVD #5: Essentials East + West Part 1 

Do you know when it is best to start or end a trade. 

These questions can be answered by focusing on Western technicals and candles, as described in this DVD. To generate entry and exit points, you must know how to fuse candlesticks with Western indicators.

Trend lines and variations are the first. Steve’s specific western technical tools.

You’ll be amazed at the market timing strategies you will discover with Steve’s 7 tactics using candles and trend lines.

Here’s what you’ll learn: 

• How Western technicals help improve trading success 
• Trend lines and candles 
  • Sloping trends
  • Bull and bear channels
  • Horizontal trend lines
  • Bullish Polarity Change
  • Bearish Change in Polarity
  • Crack and snap as a bull signal
  • Falling off the Roof: A bearish signal
  • Important to consider candles in context
  • Candle-by-candle examples of East-West

DVD #6 – Essentials of East + West Part 2 

Volume is a key factor in many things. Steve’s critical Western tools as he highlights the nuances of using volume with candle charts. 

Learn why Bollinger Bands or candles could be the one for you-Two punch for trading success. Two punch for trading success.

Then you’ll be thrilled as Steve Here’s how to use 4 popular oscillators as trade setups. Then, use candles as the trading trigger.

Here’s what you’ll learn: 

• Candles and Volume 
  • Tall, white candle with volume
  • To gauge market psychology shifts, use volume and candles
  • Volume and engulfing patterns
  • Volume and windows
  • Volume and small real body and doji
  • Volume, crack and snap
  • Selling climaxes
  • Open interest and candles
• Candles and Bollinger bands 
• Introduction to Candles and Oscillators 
  • Introduction to oscillators
  • How to use oscillators in the basics
  • Divergence
• Candles and Stochastic 
• Candles and RSI 
• Candles and MACD 
• Candles, Dual Moving Average Oscillator 

DVD #7: Essentials Of East + West, Part 3 

Steve This article reveals two Japanese tools that can be used to determine if the market has gone too far. 

Wondering how to find support or resistance in a market that is almost vertically or horizontally moving? This is possible with retracements. Next, learn how to use moving averages in conjunction with candle signals.

Since candles don’t provide price targets, Steve Shows examples of Western price projections. He shows how he forecast major highs or lows in the market months before they actually happened using the synthesis between East and West.

Here’s what you’ll learn: 

• The Disparity Index 
  • Definition
  • Construction
  • Use the disparity index for a market assessment to determine if it is too extended
• Session highs and records 
  • Definition
  • To measure the overbought/oversold levels
• Candles and Retracements 
  • Retracements of 50%
  • Using Fibonacci retracements
• Moving averages and candles 
  • Moving averages can be used as support or resistance
  • Moving averages: When and how to use them
• Candles and price patterns 
  • Head and Shoulders
  • Inverted Head & Shoulders
  • Box range breakouts
  • Ascending triangle and descending triangle
  • Swing targets
  • Flags of bull and bear
  • Candle confirmation and price targets
• East – West: Bringing it all together 
  • How candles and west were called major market lows and highs

 Get it now Steve Nison – 2009 Mega Package – CANDLESTICK CHARTING ESSENTIALS & BEYOND

DVD #8: Trade Management Essentials 

You don’t always know when to place trades, even with perfect candle signals. 

Or at any other time “to hold them and or fold them?” Have you ever asked? “I have a candlestick signal – now what?” These and other questions are entirely dependent on the important principles of trade management as revealed on this DVD.

This is the single most dangerous misuse of candles.

You will find all the information you need here Steve’s all time most important trade management rule and how he gets price targets. Learn how to use short term trends to determine whether a candle signal can be valid.

Find out the basic concept of where to place trades that are in line with the long-term trend. The concluding section will discuss the following: Steve You need to decide which of the two candle patterns is more likely for reversal. You will be shocked at the result!

Here’s what you’ll learn: 

• It is dangerous to treat all candle signals as one. 
• Trade management is important 
• Protective stops as a foundation for risk-management 
• Price targets 
  • Price targets with pivot highs/lows
  • Price targets using price pattern prices
  • Price targets for bull and bear channels
• Why trading should include risk/reward 
• Importance Short-Term Trends 
  • Candles are a popular trend that is often misused
  • What is the difference between a bearish and bearish engulfing or a bearish swallowing pattern?
• Importance Long-Term Trends 
  • To set up directional trades, use longer-term trend data
  • To define a longer-term trend, use two moving averages
• How to Trade Expected news 
• The If…Then Principle 
  • This principle applies to trading
  • Three ways to use this trading principle
• Adapting the Market is a key strategy for trades 
• Contextual candles 
  • Use trade management to determine the best candle signals

Technical Analysis Candlesticks

Technical analysis: What you need to know

Technical analysis in finance is a method of forecasting price direction using past market data. It primarily focuses on volume and price.
Quantitative analysis and behavioral economics use many of the same tools as technical analysis.
This is an aspect of active portfolio management that stands in contradiction to many of the modern portfolio theories.
The efficiency of both fundamental and technical analysis is not supported by evidence.-Market hypothesis states that stock markets prices are essentially unpredictable.