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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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The very first to reveal candlesticks to the Westernworld.
Author of three books on candlestick charting translatedinto 12 languages.
30 years real world experience with candlesticks
His work is the foundation of all candlestick education inthe Western world.
Advisor to top institutional firms.
Spoke at the World Bank and Federal Reserve.
Steve Nison, CMTPresident and Founder: Candlecharts.comMember - Traders Hall of Fame
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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NY
Spain
London
Canada
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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open close
open
RealBody
high
low
Real Bodies / Shadows Doji
ANATOMY OF THE CANDLESTICK LINE
close
Shadow
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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session open high low close
1 23 26 21 25
2 26 28 23 27
3 23 27 22 22
4 25 28 22 25
5 27 27 25 25
Drawing Candle Lines
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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28session open high low close
1 23 26 21 25
2 26 28 23 27
3 23 27 22 22
4 25 28 22 25
5 27 27 25 25
1 2 3 4 5
Drawing Candle Lines
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Where open and close are the same(or nearly the same)
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Candles give 2x the information as a bar chart
Who is in charge atthe green arrow sessions?
Who is inchargehere?
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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What is one of the best ways to make money?
Those poor tradersand investors whogot fooled intobuying here lost atleast $30/share
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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I was watching mad money(Jim Cramer) he spoke abouta stock he liked. So I checkedit out with a candle chart in aformed a doji. So I savedmoney and want to thank youfor that. --Joey A.
I was watching mad money(Jim Cramer) he spoke abouta stock he liked. So I checkedit out with a candle chart in aformed a doji. So I savedmoney and want to thank youfor that. --Joey A.
Saved at least18%by NOTbuying here
One of the best ways to make money is ...?
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Although this market isdescending, the longlower shadows offsetssome of the negativeoutlook
Long lower (bullish) shadows
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Black or white candle with long lowershadow (2x or more) compared to realbody.
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Scenario 1 – buy at candle signal@ 395
Exit at doji market @ 447Profit: $52/share
Scenario 2 – buy based on MACD@ 418Exit at doji @ 447Profit: $29/share
Result: Nison candlesticksgenerated an extra$23/share profit. So if youpurchased just 100 sharesthat means $2,300!
Nison Candlestick strategies for greater profits
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Nison Power Concept
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Is it a valid Nison candle?
Not hammers!
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Candlesticks for entering a new Position
Entered at 62, stop 60.99
target
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Evolution of Charts:The 1st Dimension
Line chart
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Evolution of Charts:The 2ND Dimension
Bar chart
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Evolution of Charts:The 3rd Dimension
candlestick chart
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Black or white candle with long uppershadow (2x or more) compared to real body.
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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THINK THIS MARKET HAD TROUBLE NEAR 1.7040?
If I had only seen this!
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Gravestone Doji
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Black real body wraps around priorsession’s white real body or a doji.
White real body that wraps around priorsession’s black real body or a doji.
BULLISH BEARISH
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Picking the Early reversals
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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© candlecharts.com
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
© candlecharts.com 28
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Importance of the Correct Education
I recently purchased a technicalanalysis package from a “WELLKNOWN” technical analysis guru. Hemade several references to candlestickpatterns, and each references that hemade was absolutely wrong! …Duringa strong uptrend, he called a largewhite real body after a small black realbody a bullish engulfing pattern. If Ihadn’t bought and studied youreducation , I would never would haveknown that and would have assumedthat he was right. And I could have losta lot of money! – Carl
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Look Out Below!
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Bearish Engulfing as resistance
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Same as a gap in Western technicals. Thecurrent session’s low is higher than theprior session’s high.
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Same as a gap in Western technicals. Thecurrent session’s high is under the priorsession’s low.
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Small Window
2 cents
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Falling Window
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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“I am almost 62 … I am certainthat the financial part of ourretirement will be well secured andearlier than we had thought.Thank you Steve Nison!”
– Tom B.
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Nison Candles for Longer term investing
Entered themarket here
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Leverage
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Falling window at$700 confirms a top.$700 put @ $25
Bearish movingaverage dead cross at$650. $700 put @$58
Using options
Result: an extra$3300 in yourpocket on oneoptions contract!
Candles for Higher Profits
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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The Multiplier Effect
Where a Nison candle signal confirms another indicator
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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Bullish Engulfing Pattern at Support
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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How NOT to use candlesticks
Oh my goodness! Themarket rallied after theshooting star!
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Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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1. What are the reversal signals?
2. Where is potential support?
3. Any signals confirmingsupport area forecasted in #2?
Nison Chart Challenge
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
© candlecharts.com 44
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Nison Chart Challenge
4
March
11 18 25 1
April
8 15 22 29
May
6 13 20 28 3
June
38.5
39.0
39.5
40.0
40.5
41.0
41.5
42.0
42.5
43.0
43.5
44.0
44.5FED DEPT STRS
During this time, themarket is ascending.However, what are
reasons for caution?
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
© candlecharts.com 45
Learning is the gate-not the house.You first have to getthrough the gateto get to the house.
Miyamoto MusashiFamous 17th Century Samurai
Steve Nison’s Quick Start Guide to Correctly Using Candlesticks
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From our educationto Your Success
We highly recommend the Express Class• Go to candlecharts.com/express class• Use secret coupon code “nextstep” to get $50 off• Enter the code at the check out page
NOTE: this offer ends in a few days
And always remember to check out the resources atcandlechartsacademy.com