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Book: Japanese Candlestick Charting Techniques, Second Edition :: Book
Date: Thursday, 08 January, 2009 :: 07:59
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Japanese Candlestick Charting Techniques, Second Edition
List Price: USD $100.00
from USD $53.96
Product Group: book
Manufacturer: Prentice Hall Press
Release Date: 2001-10-30
Studio: Prentice Hall Press
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Editorial Review: Product Description
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, the author?s years of practical experience in this increasingly popular and dynamic approach to market analysis. It includes hundreds of examples that span the equity, futures, fixed-income, and foreign exchange markets and shows how candlestick charting techniques can be used in almost any market. It has been thoroughly updated to include: * New techniques and strategies
* The author?s concept of the Convergence (when a series of signals converge at one zone, thus increasing the chances for a market turn from that area) This new edition broadens the book?s focus and all new updated charts, and information on several new areas such as day trading and how candlestick charting can be used to improve returns and help decrease market risk. It includes everything from the basics, such as constructing the candlesticks and learning the patterns, to advanced topics, such as the rules of multiple technical techniques. Whether you are new to candlestick charts or a seasoned pro-the reward will be immediate and long lasting.
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Reviews:
Average Customer Review: 
0 of 1 people found the following review helpful:
Summary: Font and format, make it very difficult to follow
Date: 2008-12-23 - 
Comment: I have not even finished reading the book. I'm hoping that this review might help someone else avoid the issues I'm having with this rather expensive book.
To start, I'm not commenting on the actual information in the book. Most everyone says that Steve Nison knows his stuff. Rather I'm very disappointed in the layout of the book. This makes it very difficult to follow, and comprehend the information.
1. The font is VERY large, I can read it from 6 feet away.
2. While the book is large, text is only printed on 2 thirds of the page.
3. This means you are changing lines every 5 seconds.
4. Charts also take up 66% of the page width. Way too much vertical white space.
5. When he has you refer to a chart 2 pages back to follow an explanation,
6. The charts don't have every date listed at the bottom, but he often points out a day that doesn't have a number on it. Which makes you have to hunt (and guess) for what he's talking about.
Overall, I feel that if the font issue, and white space issues were resolved, this would be a much better book. But, I would suggest trying to find an old version of it. I have a PDF copy of the one from 1991, and while the white space isn't perfect, it's better, and the font size is much better.
The publisher certainly should have corrected it.
I did read an online version "Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits" by Stephen W. Bigalow from my local library website, and found that to be very good. It is the next one I'll be getting in print.
I'd gladly sell it for $25, and probably will when I'm done. Like another reviewer stated, getting the good information is like pulling teeth, painful.
Summary: Thumbs Up and Down
Date: 2008-12-03 - 
Comment: Content is great with Japanese proverbs providing
mind pictures and detailed explanations for various
patterns. However the layout is terrible. You constantly
have to flip pages to see his reference exhibits. Also he does
little to show setups: entry and exit points in real trades. I
reccommend the book but be prepared to be frustrated!
Summary: Best candlestick book I've read
Date: 2008-11-16 - 
Comment: I've read Bigalow's "Profitable Candlestick Trading" and Bulkowski's "Encyclopedia of Candlesticks" so I am able to compare the books. Steve's book is much better that these two books. Actually, you only need one book to learn the candles.
It is hard to know how much knowledge an author really have when it comes to actual trading. The really successful traders tend not to write at all. This is an issue with all three books. In any case, I get the strong impression that Steve has deeper knowledge than Bigalow. So that should make the choice between the two easy. The book by Bulkowski is not an introduction so I won't comment further on that book. If you want to know more read my review.
(One thing I've always wondered is where the Japanese authors are. If this method is so established in Japan we should have seen several direct translations of Japanese books. This is something for all the American writers to really explain.)
I have written several short reviews on trading books. The best way is to compare the score on the books I've read. Many reviews on amazon.com are just glorious 5 star reviews. I use all five categories; sorry but everything isn't "great". Books rated 5 are very good. Books rated 4 are good solid books well worth reading. Books rated 3 can be bought by some people who read a lot or have very specific needs. Books rated 1 or 2 I would not recommend buying or reading. Naturally all in my humble opinion.
1 of 1 people found the following review helpful:
Summary: Quite nice
Date: 2008-09-17 -
Comment: A very good book. Tells about all the different candle signals....i think all of them. I stopped using candlestick charts cuz i of how i am trading now and i dont see any advantage with the candles. THey trick me too much. But if you are interested in candles you need to buy this book. And really, you can see all the same signs using bars if you pay attention. Great book!!
Summary: Japanese Candlestick Charting Techniques
Date: 2008-09-16 -
Comment: Japanese Candlestick Charting Techniques, Second EditionThis Second Edition is the basic "Bible" on candlesticks. Most traders will have/need this on their reference shelf.
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