En 1990, Steve Nison introdujo en Occidente potentes herramientas de análisis que habían proporcionado hasta entonces una ventaja real a los traders japoneses. Ahora, con este libro innovador, el "padre de las velas japonesas" revoluciona una vez más el análisis técnico ofreciéndonos una colección completa de técnicas japonesas asombrosamente eficaces. En este libro, Steve Nison revela cuatro secretos de trading celosamente ocultados por los japoneses (el kagi, el renko, la ruptura en tres líneas y el índice de disparidad), cuatro técnicas de gran flexibilidad de empleo para prever y seguir las cotizaciones de bolsa y mejorar las entradas y salidas en operaciones de compra o venta. El libro, autosuficiente y sin exigir ninguna experiencia previa en la técnica de las velas, nos ofrece: Una exposición de los métodos kagi, renko y ruptura en tres líneas, tres poderosas técnicas gráficas desconocidas hasta hoy día en occidente. Una exploración de los meandros del índice de disparidad, un secreto bien guardado, más incisivo y preciso que su primo occidental, la media móvil. Una visita paso a paso de cada nueva técnica de chartismo, con más de 200 ilustraciones, decenas de ejemplos reales y detallados e indicaciones precisas para explicar cómo utilizar estas herramientas en todos los mercados, ya se trate de acciones, obligaciones, divisas o mercados internacionales. Una explicación de cómo combinar las diferentes representaciones gráficas con los grandes métodos técnicos occidentales para crear nuevos y potentes útiles híbridos.
I needed several months to finish reading and studying this book. I spent lots of time trying to find the patterns on current charts to learn identification on my own. This book also covers three-line break charts, renko charts and kagi charts. You have to really be interested in this stuff to want to read this much about the topic of Japanese candlestick charting techniques.
I bought this book because candlesticks are my favorite bars and reviews here and elsewhere suggested 'Beyond Candlesticks' was better than Nison's first book. Since Nison is supposedly the "father of candlesticks", I assumed he would be the best source of information. However that is not the case. I just purchased Stephen Bigalow's candlestick book and find it a whole lot better and easier to read. Nison mentions his young children in Acknowledgements. I think they must have written and edited the book because it is so elememtary and repetitive. The spelling is terrible (Example: within a few pages we have Eastern Kodak showing an uptread on the dailey charts). Also the grammar is bad at times. It's obvious the author jotted notes in his word processor then flushed them out for all he was worth because there is little info here. There is a lot of musing and a good bit of Nison-hype. It is hard to pay attention to. Further, today's publishers don't care enough to put charts on the same page as the text and truly edit these financial books, so it's even harder to follow. Wiley Publishing is the worst. They likely did this one.
This is the second book I have read by this author (Steve Nison) and they just keep on getting better. If you have "Japanese Candlestick Charting Techniques" by Steve Nison the first or second edition in your library this is a must to add to your collection. The book is appropriately titled because that's exactly what he does, go beyond. I have been struggling to understand the psychology of myself and of others in the stock market and Steve work has lit the path for me. If this is something you are struggling with, I highly recommend this book. If you want an edge in the markets adding more tools and deepening your understanding of candlesticks read this book!!!
The book contains a great deal of information on how to read candlesticks and candlestick patterns. Most of this information seemed to be obvious to me now, after 18 years of trading, but I enjoyed reading it anyway, because it was written with passion and attention to detail. I also liked the last chapter about the kagi charts (that by the way are available on Tradingview) because my strategy has a lot in common with this charting method. I've also got personal memories attached to this book, as I was reading it on the beach in Piraeus and in the metro of Athens.
Great follow up to a ant on the beginning candlestick books written by Nison. Expands on these very well, especially with the sections towards the end. This book can be read as a standalone book but I believe that it would be more effective if you read either of the two introductory candlestick book before this one.
Candlestick charts changed the game and this author helped teach the basics. Growth strategies with this charting method is essential to discretionary trading.
if you are having problems with support and resistance than this book is perfect for you. after reading it your support and resistance would be same as professional traders
Chatting bible. Combined with his first book, these ideas about candlesticks will change the way you trade forever. Whatever your investment strategy, having knowledge of charting will not hurt you.
Good starter for those who are interested in the psychology that drives prices. When Buffett talks about how the stock market is a voting machine in the short term and weighing machine in the long term, this is definitely focusing on the voting machine aspect of markets.