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Japanese Candlestick Charting - Second Edition

Japanese Candlestick Charting - Second Edition

List Price: $90.00
Your Price: $56.70
Product Info Reviews

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Rating: 5 stars
Summary: Excellent book for TA beginers and profesionals
Review: I started to learn technical analysis (TA) from western methods, and it was boaring and not interesting, it took very much energy from me to move forward. But as i found and realized, that there is a author named "Nison" who writes about old Japanese technique, this changed my view and enthusiasm about TA. Now i started to look at these thing different, and the best of all - it helps me to imporove my trading tactics.

So, for anyone who needs to understand TA and candlesticks - this is a MUST READ.

Rating: 1 stars
Summary: A complete ripoff in big font and double space type
Review: Steve Nison is desperately trying to fill pages. A big font and double spaced book may appeal to elementary school kids but not a professional traders. The whole book could be condensed to about 25 pages. This book is over priced, dry and boring.

If you want to read and enjoy learning about candlesticks, Steven Bigalow's book is great (and cheap).

Nison is trying to impress the reader with his knowledge of about 10 Japanese phrases, which is lame. Please spend half the money on a much better book. Nison is making money by selling books and seminars, not trading. What surprises me is how some people, can publish stuff with no substance.

I found this book completely useless.

Rating: 5 stars
Summary: Useful and perhaps even necessary.
Review: If you are trading commodities or indices, this book is well worth the read. Even if you don't believe it works, there are enough market professional who do and that fact alone will mean the ideas presented in this book will affect the may the markets move. I normally don't trade unless I have a LOT of factors going my way and a good candlestick chart is one of those factors. It isn't the be all end all of charting techniques by any means but you really can't afford not to know what this book has to say. If it takes 10 hours to read (and it shouldn't take that long) and it helps you get in and out of trades even one percent more efficiently, isn't it worth it?

Rating: 5 stars
Summary: Rice and Trading...huh?
Review: When I was researching my book ... I discovered the rice futures trading that occured in Japan during the 1800's. That was the beginning of my love affair with candlestick charting.

Mr. Nison's book is the most solide treatise on candlestick charting around. This book opens your eyes to what the little lines on the graphs truly mean. I forsee all trade reports eventually looking like Japanese candlesticks.

Mr. Nison's straightforward style is refreshing and any beginner or advanced trader will DEFINITELY walk away with some solid information.

Rating: 5 stars
Summary: Simply wonderful
Review: I am ashamed to admit that for not spending $.. for this book at a local bookstore, I lost $1,800 in option trading in 2001. After readinig this book (and "Beyond Candlesticks")I realized the resistance/support areas of the undelying stocks were not in my favor.

Mr. Nison is very down-to-earth in his approach and explanation of candlesticks, not promising out-of-the-earth results using them in isolation. The best message is to use candlesticks in addition to traditional Western tehnical analysis to obtain trades with the highest probability of profitability. That is as much as you can expect from any serious trading book.

I highly recommend it.

Rating: 5 stars
Summary: This is an invaluable book, cannot be rated with stars
Review: This is a marvelous piece of work by someone that can convey the message to his readers in a very clear way. The book is easy and fun to read. Before I met this book I was struggling to predict were will the market head from, now it has become less guess work for me. I no longer use bar charting after this reading but only candlestick charting on intra day and daily charts as well. This book was a turning point in my trading endeavor. The book describes different candle formation the can show a tiring up/down move and it's about to reverse, or continuation patterns. Those who like to short can benefit from this book greatly. You will need to have candlestick charting software that allows you to benefit from this reading. Online brokers don't provide this capability. Look at direct access trading brokers like www.mytrack.com or others. Another book that is indispensable is "Technical analysis of stock trends" by Edward & Magee, this the bible, however it uses bar charting.

Rating: 5 stars
Summary: Daytraders Delight
Review: This should be in every traders library, especially daytraders who want to make their analysis quick and easy. Candlesticks work great in the Real Tick environment.

Rating: 4 stars
Summary: Solid book, but a little hard to read.
Review: I found that this book had a dozen of typos/grammatical errors as well as some incorrect references to its corresponding charts. In addition, Nison does not seem to be the most eloquent of writers and at thus making this a potentially "boring" book to read. Putting this aside, the candlestick methods are explained very well (maybe too well) and the benefit of learning candlesticks to any trader will be tremendous.

Rating: 5 stars
Summary: An essential part of your own trading system
Review: Excellent book, a must read for short-term momentum traders like myself. Everyone has to develope their own trading system and I strongly believe understanding candlestick charts is an essential part for anyone who trades. I have found that combining candlestick charts with an understanding of volume and chart patterns works best for me. There are many examples and illustrations in the book that diagram predictable candlestick patterns that gives strong clues on market and stock reversals. I found the chapter on "The Basics" to be the most valuable as I have found a trading system based on repeatable and basic patterns works best over the long run. Candlesticks, volume and chart patterns are my system for short-term momentum trading and this book is essential to understanding candlestick charts!

Rating: 5 stars
Summary: The last missing step in undertstanding charts
Review: The first time I looked at Candlesticks charting on the Internet was 3 years ago with my broker. However, I didn't understand it just by looking and said to my self "this looks ugly" how can people view this, then I forgot about it. After reading the 2 books by Nison I only look at candlesticks charting "intra day" or yearly chart. What difference a book can make.

So far the book of "Edwards Magee on Technical analysis" and the book of Steve Nison are the best of all I have encountered on explaining charts, they are classic work. The first one is complex to read, the later one is fun. I have shorted a lot of stocks too many times and lost in most cases, but never understood what is the right time and the correct signal to do so, now I know the answer from these two books.

The book is an easy one to read, it's well put together in simple English. It has a lot of charts and well classified. The author explains the different patterns that appear in charts and their implications on a potential move in one direction or another.


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