Steven Nison

Discussion in 'Trading' started by EpiphanyTrading, May 10, 2009.

  1. Most of the stuff that's freely available is just dictionary like explanations of Japanese Candlestick patterns.

    Rarely are there any freely available stuff that provides info on how to trade the patterns.

    In addition, of the few freely available stuff that does go into details about actual application...

    They usually present the info in such a way that it's easily misinterpreted by many traders that believe is the proper way to apply Japanese Candlestick analysis.

    With that said, there are many other well known experts in the TA field of Japanese Candlestick Analysis besides Steve Nison.

    Japanese Candlestick Analysis is one type of many under the umbrella of price action only analysis (no indicators).

    My point is that just because someone hasn't heard of Steve Nison doesn't make that person a liar as implied by others because the the fact most likely is that they've heard of others (e.g. Bigalow, Wagner, Mathany et cetera).

    I"m not trying to defend the OP because I've personally met traders heavily into Japanese Candlestick analysis (usually the younger guys) that have never heard of Steve Nison while being very familiar with another expert.

    As a reminder, Steve Nison does not teach how to trade as someone implied earlier via asking for audited trading records most likely because I've seen such advertised by some of those that hire him as a feature speaker of a seminar or conference.

    He teaches how to understand Japanese Candlestick Analysis along with some generic application info.

    In contrast, if someone wants to learn how to trade via Japanese Candlestick Analysis...

    That's what Google search engine is for because there are traders out there that share trading tips and some do post brokerage statements (I've seen a few blogs with such) although Japanese Candlestick analysis is not their primary trading method as I've explained in an earlier reply in this thread.

    Simply, the true measure of the merits of any teacher (he's a teacher...not a trader) is to review the accomplishments of the students or the accomplishments of others using the method even though they didn't learn it from Nison himself.

    Mark
     
    #21     May 10, 2009
  2. EpiphanyTrading

    EpiphanyTrading ET Sponsor

    It is a relative term, I agree. To me, the low side of +/- 5 figures would be too stressful. I prefer consistent profits, which Erik has taught me.

    No, Frank Delaney is not a well known day trader. He is a former specialist from the NYSE floor, where he was a partner at Bear Wagner. Subsequently, after leaving the floor, he has an incredible track record trading futures. His content has frequently been used by Arthur Cashin of UBS, on CNBC. Since joining Epiphany Trading, he has been applying his experience to equities. He has been delivering excellent calls for the SPY.

    So yes, his trading size dwarfs mine. However, I am am focusing on consistent returns. I do not have home run days, but I do not have many strike outs.

    Brendan P. Byrne
     
    #22     May 10, 2009
  3. does anyone on these forums just give a straight forward answer to any of the questions ? In stead you get reply after reply questioning the question stating things that frankly I could not give a crap about , please try to do a better job and answer the question please !!!!
     
    #23     Aug 12, 2009
  4. I see that it is early harvest season and that you have already fallen off of the rutabaga truck and hurt your head.

    While you are recuperating please look up the meaning of "shill".

    TYIA for your prompt attention to this important issue.
     
    #24     Aug 12, 2009
  5. bar charts and candles give the same info. how are there more candle signals than bar signals?
     
    #25     Aug 12, 2009
  6. Nattdog

    Nattdog

    I believe he is one of those guys who does seminars where white haired Geezers show up to learn how to blow their social security, pension checks, and children's inheritance in the stock market instead of slot machines.
     
    #26     Aug 12, 2009
  7. blanca

    blanca

    I studied Steve Nison candlesticks book around 1995 and at that time I thought it was the holy grail until I saw that nothing really worked, and many times not even with confirmation of other indicators, then later in a forex expo in las vegas I asked him to sign my book and heard his conference, then I found out he was no trader, just a salesman, thanks god the book was a gift but this guy is not a real trader, unlike many of us here.
     
    #27     May 28, 2016
  8. Have to agree with you on that one.
     
    #28     May 28, 2016
  9. Interesting, thanks.
     
    #29     May 30, 2016
  10. There are millions of bar patterns and candles are just a very small special case. Mike Harris has developed the software Price Action Lab that can look for bar patterns in data. One problem with patterns in general is that you get them often and they can be false signals.
     
    #30     May 30, 2016