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Steve Nison, CMT President: Candlecharts.Com With Steve Nison, CMT President: Candlecharts.com Legal Notice: This recording is © Candlecharts.com and may not be copied, retransmitted, nor distributed in any manner whatsoever, including, but not limited to, video or audio file sharing sites, online auction and classified sites, discussion forums nor any other means. Illegal redistribution of this content may result in criminal and/or civil fines, pursuant to applicable international copyright law. All rights reserved worldwide. Candlestick Candlesticks + Charting Western Techniques Indicators Candlesticks + Trade Management ANATOMY OF THE CANDLESTICK LINE high Shadow close open Real Body open close low Real Bodies / Shadows Foundation of East + West: Nison Candlessticks and Trend Lines Horizontal Trend Line Change Polarity Crack/Snap Falling Off the Roof Who’s in control? Who’s in control? Scenario 1 Scenario 2 www.candlecharts.com Candles and Trend lines www.candlecharts.com How Education Saves You Big $$$ Major resistance 2.00-2.01 www.candlecharts.com How Education Saves You Big $$$ Long term resistance zone www.candlecharts.com How Education Saves You Big $$$ Long term resistance zone www.candlecharts.com Reading the Market’s Message with the Light of the Candles www.candlecharts.com www.candlecharts.com Resistance Resistance Support Support www.candlecharts.com Trading Ultra Shorts Support or resistance lines using 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) New resistance Daily Chart Change of Polarity www.candlecharts.com Don’t look through a well! 2 1 3 Why would we trade differently with Piercing Patterns 4 and 5, compared to Piercing Patterns 1,2 and 3? Hint: “Change of Polarity” 4 5 www.candlecharts.com Target Snap Buy Crack Stop www.candlecharts.com Crack and Snap www.candlecharts.com Crack and Snap www.candlecharts.com Stop Sell Target www.candlecharts.com Falling off the Roof www.candlecharts.com www.candlecharts.com East and West: 1 of 3 www.candlecharts.com East and West: 2 of 3 www.candlecharts.com East and West: 3 of 3 www.candlecharts.com Foundation of East + West: Nison Candlesticks and Volume Candles and Volume And then! Light volume breakout www.candlecharts.com Candles and Volume Higher volume on white candle compared to black on this bullish engulfing pattern magnifies the likelihood of a reversal www.candlecharts.com Volume Confirming the Candle Signal www.candlecharts.com Candles And Volume: High Volume Doji www.candlecharts.com Crack and Snap with Volume www.candlecharts.com Foundation of East + West: Nison Candlesticks and Bollinger Bands Candles and Bollinger Bands www.candlecharts.com Candles and Bollinger Bands Doji in context www.candlecharts.com East and West = Higher Confidence Who’s in charge Who’s in here? charge here? How about now? www.candlecharts.com Foundation of East + West: Nison Candlesticks and Oscillators Oscillators www.candlecharts.com Oscillators Objective Derived from price- plotted separately Includes Stochastics, MACD, RSI, etc. Best in lateral markets Overbought/Oversold Divergence www.candlecharts.com Divergence Positive Divergence Negative Divergence 2 1 1 2 Price Price 1 2 2 1 Oscillator Oscillator www.candlecharts.com Stochastics Concept – closes cluster to highs Most common – 9 and 14 period Two lines - %K and %D www.candlecharts.com Stochastics Using Stochastics Faster %K Bullish and line crosses Bearish % D line from Divergence overextended levels www.candlecharts.com Candles and Negative Divergence www.candlecharts.com Candles and Stochastics Cross www.candlecharts.com Candles and Stochastics Cross www.candlecharts.com Relative Strength Index (RSI) • Compares advances to declines • Most common 9 and 14 period • Uses : Divergence, Extremes (70% and 30%) www.candlecharts.com Candles and Positive Divergence www.candlecharts.com Moving Average Convergence/Divergence (MACD) MACD line and Signal line MACD Line – spread of two exponential moving averages Signal Line – Exponential moving average of MACD line www.candlecharts.com Moving Average Convergence/Divergence (MACD) Using the MACD MACD lines Overbought Bullish and Crosses and Bearish Signal line Oversold Divergence www.candlecharts.com MACD Cross: Candles for Early Reversals www.candlecharts.com MACD Cross: Candles for Early Reversals doji www.candlecharts.com Head and ShouldersHead Shoulders Head Right Left Shoulder Shoulder Neckline Sell signal Head and Shoulders Top Three Buddha Pattern Spotting the Early Reversals H&S neckline © Steve Nison’s Candlecharts.com www.candlecharts.com West for price Targets How Education helps SAVE you money Evening star variation Exited my stocks here How Education helps MAKE you money Entered the market here Morning star variation How it all comes together – The highs in the NASAQ 2 3 5 1 1- Rising Resistance Line 2- Shooting Star 3- Falling Window 4- Bearish Divergence 5- High-Wave Candle 4 What we learned:learned:What Importance of East + West Using Horizontal Trendlines for: Reading Candle Signal at Trendline Change of Polarity Falling off the Roof Candles and Volume Candles and Bollinger Bands Candles and Oscillators Candle and Price Patterns How Nison candles can be used for retirement portfolio www.candlecharts.com “Step after step the ladder is ascended” www.nisonspecial.com/reignited Vol 1 and 2 take you from beginner to Intermediate level. If you would like the Takes you from complete MEGA intermediate to bundle contact [email protected] expert level.
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