The Candlestick Course

Submitted by Book Library on 26 February, 2010 - 22:50

Steve Nison revolutionized the world of technical analysis when his two bestselling books introduced Japanese candlestick charting techniques to the western world. "Candles," he discovered, can signal shifts in trends and price patterns with amazing accuracy, and these "storyteller" charts also contain powerful applications for today’s volatile short-term markets.

In The Candlestick Course, Nison breaks new ground once again. From the basics through the more complex stages of pattern recognition, each chapter includes specific learning objectives, key terms, clear-cut instruction, and practical applications. Plus, each end-of-chapter quiz allows readers to perfect their charting abilities before moving on. This book is the ideal training tool for newcomers, and perfect for veterans looking to refine and hone their skills.

Focused on the needs of today’s active traders and investors, Nison:

  • Provides a solid foundation to candlestick charts–reinforcing key skills as you go
  • Reveals how to pinpoint critical market opportunities as they arise, by recognizing key candle signals
  • Tests your ability to accurately analyze and interpret candle charts
  • Demonstrates how candlestick concepts can trigger potent decision-support tools that can confirm–or enhance–buy/sell signals
  • Includes a valuable "progressive charting" case study
  • Ties all the aspects of candlesticks together through interactive examples and visual tests

Whether viewed as a supplement to Steve Nison’s other books and courses, or as your introduction to candlestick charting, this course book will familiarize you with the intriguing world of The Morning Star, The Hammer, The Dark Cloud Cover–and the many other powerful and precise patterns Nison shares with fellow traders and investors. Not just a one-time read, The Candlestick Course can be used as a valuable reference source, and quick refresher course, time and again.

Positive Book Review of The Candlestick Course

This is a wonderful book. It does exactly what it claims. I've read a lot of trading books, and this is probably the only one that I've given 5 stars. Every trader has some familiarity with candlesticks, usually just enough to get into trouble trying to use them. Candlesticks can show changes in market psychology much more rapidly than traditional bar charts, but you need to know how to properly use them before using them as a major trading tool. This book really is a course that starts with the basics, then steps you through graduated complexity to using candlestick signals to trade a historical chart. Each section is followed by a quiz, with the answers provided. The answers are actually expanded course material. I learned the difference between a valid and an invalid signal. More than that, I learned how to properly use the signals. The book moves along rapidly, without a lot of irrelevant discussion or philosophy. It stays focused on the subject. I completed it in just a few hours. Get this book! Learn how to properly use candles in your trading.

Negative Book Review of The Candlestick Course

I began reading this book with great enthusiasm. At the beginning of each chapter, Nison lays out the objectives and goals that you will learn, including key terms to watch for.

So as I was reading through the book, thinking "I really love the writing style of the author and am learning some valuable information," and before I knew it, the book was over. I was finished reading in 2 hours.

Nison only talks about the most popular candle lines/patterns, but he doesn't even go into great detail on the candles/patterns that are presented. The material only fills up about 100 pages; the other 100 pages show you a chart piece by piece and have you try to figure out what will happen next.

At $44, this book is a waste of money. After being disappointed, I bought Morris' Candlestick Charting Explained. The difference between these two books is night and day. Morris goes into significantly more detail about different candle lines/patterns, not to mention he talks about almost every candle stick you will ever see. So if you want a kiddy version of candlestick charting, go with Nison's, if you want a serious book, go with Morris'.

Author Biography

Steve Nison was the very first to reveal the startling strength of candle charts to the Western world. He is the author of the "bibles" of candle charting analysis, Japanese candlestick Charting Techniques and Beyond candlesticks. These books have been translated into eight languages. His work has been highlighted in many publications, including the Wall Street Journal, Barron's, and Institutional Investor.

Table of Contents

  1. Unit one: The Essentials
    • Section One. Candle Chart Overview.
    • Section Two. Candlestick Construction.
    • Section Three. Basic Market Strategies.
  2. Unit Two: Single Candle Lines
    • Section One. Spinning Tops and High Wave Candles.
    • Section Two. The Magic Doji.
    • Section Three. Long Real Bodies, the Consummate Storytellers.
  3. Unit Three: Candle Patterns
    • Section One. Close Cousins: Piercing Engulfing and Counterattack Patterns.
    • Section Two. The Harami and Harami Cross, Morning and Evening Stars.
    • Section Three. Picturesque Storytellers: Tweezers, Crows and Soldiers.
    • Section Four. Disjointed Cadles: Rising and Falling Windows.
  4. Unit Four:
    • Section One. Practical Examples.
    • Section Two. Trading Guidelines.
  5. Unit Five: Day by Day
  6. Unit Six: Bringing it all Together: Real World Trading Examples

Discover more Trading books at!