With Steve Nison, CMT President: Candlecharts.com Legal Notice: This 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.
Candlestick Charting Techniques Candlesticks + Western Indicators Candlesticks + Trade Management
ANATOMY OF THE CANDLESTICK LINE high Shadow close open Real Body open low close Real Bodies / Shadows
Foundation of East + West: Nison Candlessticks and Trend Lines
Horizontal Trend Line Change Polarity Crack/Snap Falling Off the Roof
Who s in control? Who s in control?
Scenario 1 Scenario 2
Candles and Trend lines
How Education Saves You Big $$$ Major resistance 2.00-2.01
How Education Saves You Big $$$ Long term resistance zone
How Education Saves You Big $$$ Long term resistance zone
Reading the Market s Message with the Light of the Candles
Resistance Resistance Support Support
Trading Ultra Shorts
Support or resistance lines using longer term charts (slide 1 of 2) Long Term Chart Long term support once broken becomes. New resistance
And adding them to a Shorter Term Chart (slide 2 of 2) New resistance Daily Chart
Change of Polarity
Don t look through a well! 2 1 3 Why would we trade differently with Piercing Patterns 4 and 5, compared to Piercing Patterns 1,2 and 3? Hint: Change of Polarity 4 5
Target Snap Buy Stop Crack
Crack and Snap
Crack and Snap
Stop Sell Target
Falling off the Roof
East and West: 1 of 3
East and West: 2 of 3
East and West: 3 of 3
Foundation of East + West: Nison Candlesticks and Volume
Candles and Volume Light volume breakout And then!
Candles and Volume Higher volume on white candle compared to black on this bullish engulfing pattern magnifies the likelihood of a reversal
Volume Confirming the Candle Signal
Candles And Volume: High Volume Doji
Crack and Snap with Volume
Foundation of East + West: Nison Candlesticks and Bollinger Bands
Candles and Bollinger Bands
Candles and Bollinger Bands
Doji in context
East and West = Higher Confidence Who s in charge here? Who s in charge How about now? here?
Foundation of East + West: Nison Candlesticks and Oscillators
Oscillators
Oscillators Objective Derived from price- plotted separately Includes Stochastics, MACD, RSI, etc. Best in lateral markets Overbought/Oversold Divergence
Divergence Positive Divergence Negative Divergence 2 1 1 2 Price Price 1 2 2 1 Oscillator Oscillator
Stochastics Concept closes cluster to highs Most common 9 and 14 period Two lines - %K and %D
Stochastics Using Stochastics Faster %K line crosses % D line from overextended levels Bullish and Bearish Divergence
Candles and Negative Divergence
Candles and Stochastics Cross
Candles and Stochastics Cross
Relative Strength Index (RSI) Compares advances to declines Most common 9 and 14 period Uses : Divergence, Extremes (70% and 30%)
Candles and Positive Divergence
Moving Average Convergence/Divergence (MACD) MACD line and Signal line MACD Line spread of two exponential moving averages Signal Line Exponential moving average of MACD line
Moving Average Convergence/Divergence (MACD) Using the MACD MACD lines Crosses Signal line Overbought and Oversold Bullish and Bearish Divergence
MACD Cross: Candles for Early Reversals
MACD Cross: Candles for Early Reversals doji
Head and Shoulders Head Left Shoulder Right Shoulder Neckline Head and Shoulders Top Sell signal
Three Buddha Pattern
Spotting the Early Reversals H&S neckline Steve Nison s Candlecharts.com
West for price Targets
How Education helps SAVE you money Evening star variation Exited my stocks here
How Education helps MAKE you money Entered the market here Morning star variation
How it all comes together The highs in the NASAQ 2 5 3 1 1- Rising Resistance Line 2- Shooting Star 3- Falling Window 4- Bearish Divergence 5- High-Wave Candle 4
What we learned: Importance of East + West Using Horizontal Trendlines for: Reading Candle Signal at Trendline Change of Polarity Falling off the Roof Candles and Volume Candles and Bollinger Bands Candles and Oscillators Candle and Price Patterns How Nison candles can be used for retirement portfolio
Step after step the ladder is ascended
www.nisonspecial.com/reignited
Vol 1 and 2 take you from beginner to Intermediate level. If you would like the complete MEGA bundle contact paul@candlecharts.com Takes you from intermediate to expert level