With Steve Nison, CMT President: · PDF fileopen close open Real Body high low Real Bodies /...

With

Steve Nison, CMTPresident: Candlecharts.com

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CandlestickCharting

Techniques

Candlesticks +Western

Indicators

Candlesticks + Trade Management

open close

open

RealBody

high

low

Real Bodies / Shadows

ANATOMY OF THE CANDLESTICK LINE

close

Shadow

Foundation ofEast + West:

Nison Candlessticksand Trend Lines


Nison Candlessticksand Trend Lines

Horizontal Trend Line

Change Polarity

Crack/Snap

Falling Off the Roof

Who’s in control?

Who’s in control?

Scenario1

Scenario2

www.candlecharts.com

Candles and Trend lines


How Education Saves You Big $$$

Major resistance 2.00-2.01


Long term resistance zone



Long term resistancezone



Reading the Market’s Message with the Light of the Candles


SupportSupport

ResistanceResistance


Trading Ultra Shorts

Support or resistance linesusing 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)

Daily Chart

New resistance

Change of Polarity


Don’t look through a well!

1

2

3

4

5

Why would we trade differently with Piercing Patterns4 and 5, compared to Piercing Patterns 1,2 and 3?

Hint: “Change of Polarity”


Snap

Crack

Target

Stop

Buy


Crack and Snap


Sell

Target

Stop


Falling off the Roof


East and West: 1 of 3



Nison Candlesticksand Volume


Nison Candlesticksand Volume

Candles and Volume

Light volumebreakout


And then!

Candles and Volume

Higher volume on white candlecompared to black on this bullishengulfing pattern magnifies thelikelihood of a reversal


Volume Confirming the Candle Signal


Candles And Volume: High Volume Doji


Crack and Snap with Volume



Nison Candlesticksand

Bollinger Bands


Nison Candlesticksand

Bollinger Bands


Candles and Bollinger Bands

Doji in context


East and West = Higher Confidence

Who’s inchargehere?

Who’s inchargehere?

How about now?



Nison Candlesticksand Oscillators


Nison Candlesticksand Oscillators

Oscillators


Oscillators

Objective

Derived from price- plotted separately

Includes Stochastics, MACD, RSI, etc.

Best in lateral markets

Overbought/Oversold

Divergence


Positive Divergence Negative Divergence

Price

Oscillator

2

12

1

Oscillator

Price

12

12

Divergence


Concept – closes cluster to highs

Most common – 9 and 14 period

Two lines - %K and %D

Stochastics


Faster %Kline crosses% D line fromoverextendedlevels

Using Stochastics

Bullish andBearishDivergence

Stochastics


Candles and Negative Divergence


Candles and Stochastics Cross


• Compares advances to declines

• Most common 9 and 14 period

• Uses : Divergence, Extremes (70%and 30%)

Relative Strength Index (RSI)


Candles and Positive Divergence


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)


MACD linesCrossesSignal line

OverboughtandOversold

Using the MACD

Bullish andBearishDivergence

Moving Average Convergence/Divergence (MACD)


MACD Cross: Candles for Early Reversals


doji

MACD Cross: Candles for Early Reversals


Head and ShouldersHead and Shoulders

Neckline

Left ShoulderRightShoulder

Head

Head and Shoulders Top

Sellsignal

Three Buddha Pattern

West for price Targets

How Education helps SAVE you money

Exited my stocks here

Evening star variation

How Education helps MAKE you money

Morning star variation

Entered themarket here

How it all comes together – The highs in the NASAQ

1

5

4

32

1- RisingResistance Line

2- Shooting Star

3- Falling Window

4- BearishDivergence

5- High-WaveCandle


What we learned:What we learned:

Importance of East + West

Using HorizontalTrendlines for:

Reading Candle Signal atTrendline

Change of Polarity

Falling off the Roof

Candles and Volume

Candles and BollingerBands

Candles and Oscillators

Candle and Price Patterns

How Nison candles can beused for retirementportfolio

“Step after step theladder is ascended”

www.nisonspecial.com/reignited

Takes you fromintermediate toexpert level

Vol 1 and 2 take you frombeginner toIntermediate level.If you would like thecomplete MEGAbundle [email protected]

With Steve Nison, CMT President: · PDF fileopen close open Real Body high low Real Bodies /...

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Transcript of With Steve Nison, CMT President: · PDF fileopen close open Real Body high low Real Bodies /...