Basic Education about Japanese Candlesticks

Discussion in 'Educational Resources' started by gotta_trade, Mar 4, 2006.

  1. Hi,

    Can ET members please post links and/or resources that provide education regarding Japanese Candlesticks? (preferably websites).

    At this point, I am looking for basic information, so I can start building a solid foundation.

    I am aware of the "search" feature. I am just asking for additional current information regarding this subject.

    Please post all info. I will research all of the recommended resources.

    Thank You,
  2. =================

    1] Candle looking like '' +'';
    doesn't mean much in a good stock downtrend/uptrend,
    unless very ,very extended.
    May be good place however to close derivatives position.

    2]Steve Nison has some helpful stuff:cool:
  3. Hi gottatrade,

    You already know about the Trading Hammers (revisited) thread and its about as current as you can get... are my favorite resources for basic information about Japanese Candlesticks.


    * Stephan Bigalow

    - High Profit Candlestick Patterns
    - Profitable Candlestick Charting

    * Steve Nison

    - Japanese Candlestick Charting Techniques, 2nd Edition

    Also, steve has a website...

    * Gregory Morris

    - Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures 2nd Edition




    They have their own scanners and give daily pattern scan results.


    There are other websites out there like them but they are all usually orientated towards stock scans.

    For example via a random pick after doing a quick Google search...


    - They give examples on how to use the intraday chart to enter trades in which the pattern signal occurred on the daily chart.

    They also do the same on how to use the daily chart to enter trades in which the pattern signal occurred on the weekly chart.

    * Stocks & Commodities Magazine

    - There are some good basic articles in some of there issues over the past years...

    All the above will give you a solid basic understanding of what exactly is Japanese Candlesticks along with definitions of the patterns.

    Hopefully something from the above will spark an idea for you and take you to that next level of understanding candlestick patterns...


    (a.k.a. NihabaAshi) Japanese Candlestick term