Japanese Candlestick Charting Techniques, Second Edition
Review
Quote from the first edition of “Japanese Candlestick Charting Techniques”: “It’s hard to be too effusive about the quality of Nison’s work. This is clearly one of the best investment books ever written. “Bruce Babcock, Jr. , Editor-in-Chief, “Commodity Traders Consumers Report”
Japanese Candlestick Charting Techniques, 2nd Edition, provides an in-depth explanation of candlestick plotting and analysis, conveying to the reader, in easy-to-understand language…
Buy Japanese Candlestick Charting Techniques, Second Edition at Amazon
This review is from: Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East (Hardcover)
I have a few books on candlesticks. I bought others which were cheaper, even though many reviews pointed towards Nisons’ work. Note that in Australia, we are talking about $35 (other books) compared to $150 (Nison’s book) . . . so anyway, after buying many others, and looking all over the ‘net for info. on Candlesticks, I ran into Nisons’ book in a shop, looked through it and had to have it. It has a LOT LOT LOT more depth than the others. There is more to candlesticks (or any price movement analysis) than just a bunch of patterns, names, formations . . . the other books are far far too brief. I cannot emphasise this enough. Look at all the other reviews for this book, many many good words said. It is very readable, very clear, the examples are excellent, but most valuable are the insights for all the patterns . . . that other books simply do not have. Sure, it costs a bit more than the other candlestick books, but hey, how much money are you trading? Does an extra 30 or 50 bucks make that much difference for the extra insight you will gain? This is not just the best ~Candlestick~ book, but it is a very very good TA book as well. Candlesticks are, after all, just a way of plotting price movements. Note that, in searching the web for info. on TA and investing, this book came up time and time again as ~highly~ recommended. Now I pass that recommendation on. Note also Nison has another book, “Beyond Candlesticks”, and while I think that this is also a good book, get this one first and learn it all, the second book concentrates more on a few “Advanced” techniques, I don’t know if they are so much advanced as they are just a few more techniques + brushing over what is in the first book. Get this first book, because it has more depth on the essentials that you need to know. Get the other book later, don’t try and save money by jumping to the second one in the hope it will make the first obsolete, don’t try and save money by getting a cheaper candlestick book, don’t brush this stuff off thinking you’ve learnt all the candlestick stuff just by seeing a couple of patterns and names. I also highly recommend Technical Analysis of the Financial Markets, this is recently updated and so incredibly good. Beginner trader: will help you a lot, a very good investment, but also look to the book recommended above. Intermediate: what are you doing? making a profit? get the book. Not making a profit? get the book, or get out of trading. Advanced: why don’t you have it? it should be on everyone’s bookshelf, have you no pride? can’t you afford it? This is one of those trading books you cannot afford not to have. I don’t give that rating to many other trading books. Good luck!Oh, and it is enjoyable to read.
1This review is from: Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East (Hardcover)
Whether you are a short or long term trader, this book is a must have. Once you read this book, you will want to use no other charting method but candlesticks. More important than teaching very common chart patterns, you come away with a good understanding of what each type of candlestick is telling you about the psychology of the market you are studying. Although his clear illustrated examples use mostly futures, these methods definitely apply to equities as well. You will no longer fear shorting a stock when you can clearly see the “dark cloud cover” on strong volume. If you want to know more about technical charting and have money for only one book, this is it.
2