Steve Nison s Candlecharts.com Secrets of Intraday Candlesticks for Day and Swing Traders

Transcription

1 With Steve Nison, CMT President: Candlecharts.com Legal Notice: This webcast and recording is Candlecharts.com and may not be copied, retransmitted, nor distributed in any manner whatsoever, including, but not limited to, video or audio file sharing sites, online auction and classified sites, discussion forums nor any other means. Illegal redistribution of this content may result in criminal and/or civil fines, pursuant to applicable international copyright law. All rights reserved worldwide. 1

2 What you will learn: Review of candlestick basics Flexibility for intraday candles Importance of daily levels Getting extra early reversals Finding Hidden support/resistance levels Is the market overextended? Successful test of key level? Bonus session: Using NCS with intraday charts for our bouncing ball trade set up 2

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5 ANATOMY OF THE CANDLESTICK LINE high close Shadow Real Body open open low close Real Bodies / Shadows 5

6 Who s in control? Who s in control? 6

7 Candles Reveal the Force Behind the Move: These have the same closing prices, but what are the Nison candles telling us? 7

8 Black or white candle with long lower shadow compared to real body. For a complete explanation of this pattern and how to use it, go to: Volume 1-Disc 2 and Volume 3-Disc 2 of the Nison Educational Series Disc 1-Profiting in Forex 8

9 Education = Confidence = $uccess Doji as exit at $ Result: almost $3 per share in less than 10 minutes! Hammer as buy at $

10 For a complete explanation of this pattern and how to use it, go to: Volume 1-Disc 1 and Volume 3-Disc 2 of the Nison Educational Series Disc 1-Profiting in Forex 10

11 Shooting star at resistance to hammer 11

12 Education = Confidence = %s On Your Side Sell on shooting star at Almost $1000! Buy on hammer at

13 Intraday Candle Charts Be more flexible with candle patterns on intraday candle charts than with daily or weekly candles 13

14 White real body that wraps around prior session black real body or doji. Intraday open close For a complete explanation of this pattern and how to use it, go to: Volume 1-Disc 3 and Volume 3-Disc 3 of the Nison Educational Series Disc 2-Profiting in Forex 14

15 Bullish Engulfing Pattern Close Open 15

16 Black real body wraps around prior session white real body or doji. Intraday close open For a complete explanation of this pattern and how to use it, go to: Volume 1-Disc 3 and Volume 3-Disc 4 of the Nison Educational Series Disc 2-Profiting in Forex 16

17 Down quicker than up Target Zone 17

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19 Dark Cloud Cover as Resistance Close Open 19

20 Piercing Pattern For intraday okay to have open at- or very close- to prior close 20

21 Secrets of Intraday Candle Charts (for intraday traders): Monitoring Daily Support/Resistance 21

22 Daily chart for support ( 1 of 2) June 26 We are thinking of buying on the session at the arrow as market approaches solid band of support on June 26. Let s turn to an intra-day chart to see if there are any buy signals as the stock nears (see next chart). Buying area 22

23 Intra-day to place trade on confirmation of support ( 2 of 2) On this 5 minute chart on June 26, the dashed line shows support area obtained from prior daily chart near The hammer at this support was the buy signal Hammer 23

24 Melding Daily Support/Resistance 1 of 2 Daily Chart Support zone on this daily chart. Now we shift to Intraday candle chart for June

25 Melding Daily Support/Resistance: 2 of 2 Intraday Chart Take profits Buy Support Zone from Daily Chart 25

26 Secrets of Intraday Candle Charts (for Swing Traders): Finding the Extra Early Reversal Areas 26

27 Intraday Candles for Early Reversals Hammer on this daily chart gives reversal at $53.05 Hammer on this intraday chart gives reversal at $49.09 on the same day 27

28 Secrets of intraday Candles Intraday Daily Dec 9 Using intraday get buy signal here 28

29 Intraday for Swing Traders earlier reversals 1 of 2 Let s look at this daily session from an intraday perspective Bull hammer signal at $

30 Intraday for Swing Traders earlier reversals 2 of 2 On daily chart got bullish hammer at $ On this 5 minute chart got reversal more than $2 earlier with this bullish engulfing pattern. Bull signal at $

31 Harnessing the insights of intraday candles Hello Steve, I attended your seminar in NY. Please attached find the log of my trade on EUR/USD. The first picture shows my short entry based on a daily chart's Shooting star which confirmed the Resistance. Later on the 4hr. chart, a Doji appeared which confirmed the support level. I exited the trade with +61 pips. If you have any comments/suggestions, please feel free to do so. Many thanks, Frank C. The first picture shows my short entry based on a daily chart's shooting star which confirmed the resistance at bearish engulfing pattern. 31

32 Harnessing the insights of intraday candles Resistance area from bear engulf on daily chart Daily chart reversal with shooting star at With the reversal on intraday at Frank would have improved his profit by 50% Later on the 4hr. chart, a Doji appeared which confirmed the support level. I exited the trade with +61 pips. 32

33 Secrets of Intraday Candle Charts (for Swing Traders): Finding Hidden Support/Resistance 33

34 Using intraday charts to uncover hidden support: 1 of 3 Daily On this daily chart where is first support after this tall white candle on April 15? Let s go to the intraday. 34

35 Using intraday charts to uncover hidden support: 2 of 3 Intraday April

36 Using intraday charts to uncover hidden support: 3 of 3 On this daily chart we see what occurred after April 15 Daily Support zone obtained from intraday chart 36

37 Using intraday charts: 1 of 2 Prior high Why is this market having trouble near 1325 from Aug. 913? Isn t first resistance at the prior high near 1355? 37

38 Using intraday charts: 2 of 2 This hourly chart shows something the daily chart didn t there was a resistance zone near 1325 from July

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40 Finding Hidden Insights with Intraday Candles How important is this harami on 11/21? 40

41 Intraday candles for Deep Insights This daily chart shows harami and hesitation on May 5,8,9. To get a sense of the importance of this resistance see intraday 60 minute chart May 5,8,9 41

42 Intraday candles for Deep Insights Intraday Daily 42

43 Secrets of Intraday Candle Charts (for Swing Traders): Using Intraday Windows 43

44 Falling Window Rising Window 44

45 Intraday Windows Most intraday windows from one day to the next 45

46 Intra-day window not a window on daily chart 27th 28th 46

47 Secrets of Intraday Candle Charts (for Swing Traders): Is the Market Overextended? 47

48 Overbought/Oversold On this daily chart market looks oversold 48

49 Overbought/Oversold This intraday chart gives a different perspective 49

50 Oversold? Not from an intraday Perspective! 50

51 Secrets of Intraday Candle Charts (for Swing Traders): Was There a Successful Test of Support/Resistance? 51

52 Successful test of Resistance? 1 of 3 Daily Chart 52

53 Successful test of Resistance? 2 of 3 Intraday chart 53

54 Successful test of Resistance? Yes! 3 of 3 Daily Chart 54

55 Nison Chart Challenge Name at least 3 bottoming signals Which more likely a Reversal and why 55

56 Nison Chart Challenge ) Name the top reversal candle signals at 1-4 2) Which is more likely a reversal 1 or 2 and why? 3) Looking at 1 and 3, which of these two would you be aggressive selling and why 4) Where is a current potential support area and why? 5) If flat what would you do at 4 and why? 56

57 Bonus Session: Secret Trading Set Up Revealed 57

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59 Boost Your Candle Confidence Is it a valid Nison candlestick signal? 59

60 Is it a valid Nison candle signal? 1 2 Question; why doesn t 2 show up as a shooting star? 60

61 Get Entry/Exit Signals Before Other Traders See Them! 61

62 Catch the money making opportunities you may have missed! Step 3. Choose your markets Step 2. Customize your alerts Step 1. Pick any (or all!) Nison candle signals You ll be Instantly alerted when signal is trigged 62

63 Catch the money making opportunities you may have missed! Set up An alert Watch list 63

64 Accelerate your Analysis Find Steve s Favorite Candle Signals in Seconds 64

65 Bonus Session: Secret Trading Set Up Revealed Step 1) Set up hammer and 8 period look back in NCS. Run NCS scan Step 2) Set up alert to let you know when market is near bottom of hammer Step 3) Go to intraday to see if get candle confirmation 65

66 Step 1) Set up hammer and 8 period look back in NCS. Scan with NCS 66

67 Daily Chart Step 1) NCS finds a hammer Step 2) Set up alert Alert zone 67

68 Intraday Chart Step 3) When alerted look at intraday chart for candlestick confirmation 68

69 Regular annual price of NCS at candleharts.com Your LIFETIME price at This means you are getting a full LIFETIME subscription for LESS than the cost of an annual service 69

70 No need to learn all Ninja! Just a few simple tools from Ninja to fully use NCS. No software to deliver. 1) download 2) get license approved and then you re ready! Text or video versions of User Manuals 70

71 Intraday Secrets Seminar Extra Bonus INSTANT Free Upgrade from NCS to NCS PRO: Pro version includes the Intraday and FX Modules A $1,490 value! 71

72 Your special price & bonuses are at The offer of LIFETIME for less the price of an annual subscription can end without notice For any questions contact 72