Overview

Construction of the Candle Line

Power of Single Candle Lines
Insights of the Candle Patterns
Forex and Non Forex Candle Patterns
Blueprint for Forex Trading Success
East meets West
U i Intraday
Using
I t d candles
dl
Money management
Trading Psychology
The Candlestick Screener
Screener

Constructing the
Candlestick Line
high

Shadow
open

close

Real
Bod
Body
open

close

low

Doji

Real Bodies / Shadows

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Bulls vs. Bears

Th Real
The
R l Body
B d is
i the
th Essence
E
off the
th Price
P i
Movement
M
t

Whos in control?
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Small Real Bodies

(
(spinning
tops))

C
Criteria

Small real body color

S
not important

Implication Prior trend is losing

force
o ce
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What does this bar chart say?

Holding the highs very
well so looks fine

Chart courtesy
y of Genesis FT

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Now what does this candle chart say?

Does the market still
look fine?

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y of Genesis FT

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And what happened after .

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Spinning Tops

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Although
g descending,
g, the small real
bodies offset some of the negative
outlook

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Doji

Criteria:

Open and close are the same

Implication: Market is tired

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Doji

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10

Spinning Top and Doji

If a spinning top is small
enough we can view it as
a doji

GBP/$

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11

Doji compared to spinning tops in FX

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12

Non Forex Doji

Which of these
scenarios is a more
likely top reversal?

S
Scenario
i 1
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Scenario
i 2

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13

Doji in Forex

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14

Doji

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15

Doji

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16

Doji as Resistance

Criteria: Use the highest

high of those two sessions
(top of upper shadow) as
resistance
Implication: Close over that
area: market is refreshed

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17

Doji as Resistance

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18

Doji as Resistance

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19

Nison Trading Principle #6

A candlestick line or pattern

requires two criteria:
The shape of the line or pattern
The preceding trend

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20

Doji and Trend

Concept:
C
t
To use a northern doji as
a signal we need to have
p
to reverse
an uptrend

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Doji
D
ji in
i a Box
B Range
R
is
i
not a trading signal

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21

Candles in Context of Trend

Isnt this doji in a trading range?

Chart courtesy
Chart
y of
courtesy
Genesis
y ofFT
Genesis FT

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22

Shadows
S ado s

Remember: location and size of the shadow should be

considered when analyzing the market psychology.
Implication: Bearish long upper shadow offsets rallying
strength. Bullish long lower shadows hints bears losing
23
force.

Bullish Shadows

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24

Bearish Shadows

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25

Bearish Shadows

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26

Hammer

Criteria:
Small real body at,
at or near top,
top of range
Lower shadow at least 2x real body
Market in down trend

black or white

Implication: Groping
Groping for a bottom
bottom
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27

Hammer

Will often retest lower shadow

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28

Hammer as support

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co rtes of Genesis FT

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29

Hammer as support

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30

Shooting Star
black or white

Criteria:
Small real body at,
at or near bottom,
bottom of range
Upper shadow at least 2x real body
Market in an up trend
Implication: Signaling
Signaling Trouble Overhead
Overhead
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31

Shooting Star - Hammer

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32

Shooting Star as resistance

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33

High
g Wave Candles
d s

Criteria: very long shadows and lower

small real body - color not important
Implication: Trend is losing force
34

High Wave Candles

Did the Euro have a

sense of direction?

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35

The Checkmate Principle

p
Bearish Checkmate:
A series of tall white candles followed by black
candles or small real bodies near the same
resistance level. It reveals that the bulls drive is
being checkmated
Bullish Checkmate:
A series of long black candles followed by white
candles or small real bodies near the same
support level. It reveals that the bears drive is
being
g checkmated
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36

Bull Checkmate

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37

1 of 2

Bull Checkmate

Checkmate area

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38

2 of 2

Bullish Engulfing Pattern

Criteria:
White real body wraps around
preceding black real body
Market in down trend
Implication:
p c o : Market
e bottoming
bo o
g out
ou

open
open
close

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39

Bullish Engulfing Pattern

Checkmate area

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y of Genesis FT

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40

Bullish Engulfing Pattern

Ch t courtesy
Chart
t
off G
Genesis
i FT

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41

Bullish Engulfing Pattern as Support

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42

Bullish Engulfing Pattern

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43

Bearish Engulfing Pattern

open
close

open

Criteria:
Black real body wraps around
preceding white real body
Market in up trend
Implication: Bulls
Bulls have been
constrained
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44

Bearish Engulfing Pattern

Chart courtesy
y of Genesis FT

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45

Bearish Engulfing Pattern

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46

Bearish Engulfing Pattern as Resistance

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47

Engulfing Patterns compared to Outside Reversal

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48

Engulfing Patterns Compare Real Bodies

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49

Engulfing Patterns

Bearish

Bullish
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50

Both are Bearish Engulfing

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51

Bullish Engulfing Pattern

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52

Bullish Engulfing Pattern as Support

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53

Non Forex Dark Cloud Cover

Criteria:
Opens above prior high (or close)
Black real body closes deeply into prior
long white candle
Market moving north
Implication: Advance
Advance is exhausting
itself

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54

Forex Dark Cloud Cover

Criteria:
Opens at (or within few pips) of prior
close
Black real body closes deeply into prior
long white candle
Market moving north
Implication: Advance is exhausting
itself

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55

Dark Cloud Cover as Resistance

Weekly
Weakly

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56

Dark Cloud Cover

Not dark cloud covers

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57

Dark Cloud Covers

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58

Dark Cloud Cover

Close open 1 pip

Didnt get
g
deeply into
white candle

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59

Non Forex Piercing Pattern

Criteria:
Market moving south
Opens below prior low (or close)
White candle closes more than halfway
into prior long black candle
Implication: hint that the
decline is exhausting itself

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60

Forex Piercing Pattern

Criteria:
Market moving south
Opens at (or near) prior close
White real body close more than
halfway into long prior black candle
Implication:
li
i
hi
hint that
h the
h d
decline
li
iis
exhausting itself

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61

Piercing Pattern

Not a piercing
pattern

Piercing pattern

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62

Piercing Pattern Confirming Support

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63

Piercing Pattern as Support

Chart courtesy
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64

Confluence of Candles

c
d

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65

Non Forex Harami

Bearish
i

white or black

Criteria:
First candle is unusually long
Second real body spinning top or doji
Second real body within prior real body
Second real body can be black or white
66

Implication: Change in flow of market

white or
black

Bullish

Forex Harami
Bearish
i

black real body

Criteria:
First candle is unusually long
Second real body spinning top or doji
Second real body within prior real body
Second real body opposite color
67

Implication: Change in flow of market

white

Bullish

Bear Harami

Not harami

Chart courtesy
Chart ycourtesy
of Genesis
y of Genesis
FT
FT

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68

Harami confirms resistance

Ch t courtesy
Chart
t
off G
Genesis
i FT

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69

Bull Harami

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70

Bull Harami

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71

Harami
Bearish

Bullish
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72

Non Forex Morning Star

Criteria:
Market in down trend
First candle long black
Second
S
d reall b
body
d ((spinning
i i ttop, bl
black
k or
white) doesnt overlap first sessions real
body
Third candle ((white)) closes deeply
p y in
first black real body
Implication: Bulls are taking control

white or black
73

Forex Morning Star

Criteria:
Market in down trend
First candle long black
Second
S
d reall b
body
d iis bl
black
k or d
doji
ji
Third candle (white) closes deeply in
first black real body
Implication: Bulls are taking control

Most
time
black
or doji
74

Morning Star Confirms Support

Chart courtesy
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75

Non Forex Evening Star

white or black
Criteria:
Market in an up
p trend
First candle is long white
Second real body (black or white
spinning top) doesnt overlap first
sessions real body
Third candle (black) closes deeply in
first white real body
Implication: Bears are taking control

76

Forex Evening Star

Most time
white
hit or
doji

Criteria:
Market in an up
p trend
First candle is long white
Second real body is white spinning
top or doji
Third candle (black) closes deeply in
first white real body
Implication: Bears are taking control

77

Evening Star

Chart courtesy
y of Genesis FT

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78

Evening Star

Chart courtesy
y of Genesis FT
Chart courtesy of Genesis FT

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79

Evening Star Variation

Bear Engulf

Near
resistanc
e
would
you sell
short?

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80

Evening Star as resistance area

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81

Don't
on't ever forget risk
risk-- reward
IfThen system
Stops:
p Always
y use
Candles in Context
Intra--day candle charts
Intra
Pace trades to market environment
L t go off emotions
Let
ti
Indicators: The more the better
Never trade without an eye to news
Examine how market acts at support/resistance
82

Slide 34

DISCIPLINE:
Your Blueprint for
Forex Trading Success

83

Don
Don't
on't
on t ever forget
risk-- reward
risk

84

Nison Trading Principle #4

Even a perfect
perfect candle signal
does not equal a good trade!
YOU MUST ALWAYS JUDGE
THE POTENTIAL TRADES
RISK-REWARD

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85

Hammer confirms support/but what about r/r?

Chart courtesy of Genesis FT

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86

Risk/ Reward

Chart courtesy of Genesis FT

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87

Morning Star but ????

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88

Risk Reward

Lets
Let
s think about this R/R

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89

If..Then system

90

Dont Stay Around

Target

What are you doing hanging

g
around! Youre wasting
precious resources.

Hammer and Bull Engulf

Chart courtesy
y of Genesis FT

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91

Stops: Always use

92

Stops
Where is the stop?

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93

1 of 2

And what happened after

What if
it went
to
here?
Would
you
still
want
to be
short?

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94

2 of 2

Setting Stops w/o waiting for close

Shooting star close = 121.92
Target = 121.64
Potential reward 28 pips

Shooting star
confirms
resistance

For 2:1 reward risk = risk 14 pips

Shorted 121.92 + 14 pips =
Intraday stop 122.06

Target

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95

Indicators: The more the

better

96

Nison Trading Principle #12

The more signals - either candles

or Western or a combination of
both converging at the same
level, the more likely a reversal

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97

Confluence of Candles

Chart courtesy of Genesis FT

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98

Confluence of Candles

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99

Western Tools

Trend lines: The Candlestick Screener

Screener

Change of Polarity

Crack and Snap/Falling Off the Roof

Price Targets

Oscillators

Bollinger Bands

Fibonacci Retracements

Record Sessions
100

Confluence

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101

Examine how market

acts at support or
resistance
i t

102

The Candlestick

Screener
Using candles at support or
resistance to screen for the best
probability trades

103

Using the Candlestick Screener

Screener
Is the market at resistance?
Are there any reversal signals?

Chart courtesy
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104

1 of 3

Using the Candlestick Screener

Screener
Is the market at resistance?
Are there any reversal signals?

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105

2 of 3

Using the Candlestick Screener

Screener

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106

3 of 3

The Candlestick Screener

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107

Using candles to enter vs. exit

Doji

Hammer

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108

Candles to exit or adjust stops

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109

Change of Polarity

Congratulations you
bought at support!

110

Congratulations?
you bought at
support?

Change of Polarity

Resistance
Resistance
Support
Support

111

Change of Polarity

Resistance
Support zone
becomes

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112

Internal trend line

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113

East and West = Increased Confidence

Doji
Prior support
becomes new
resistance

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114

Crack and Snap

Target

Snap
Buyy
Crack

115

Stop

Falling off the Roof

Stop

Sell

Target
g

116

Crack and Snap

target

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117

Falling off the roof!

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118

Nison Trading Principle #13

Candlesticks do not give price targets.

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119

Candles and price targets

Doji
confir
ms
resista
nce

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120

Change of Polarity and Measured Moves

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121

Western Techniques for Targets

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122

West for Targets

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123

Head and Shoulders

Head

Right
g t
Shoulder

Left
f Shoulder
S

Neckline

Head and Shoulders Top

124

Sell
signal

Three Buddha Pattern

125

Applying Western Techniques to Candle Charts

Neckline

LS

RS
Head

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126

East and West: West for Targets

April 6

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127

1 of 2

West for price targets - East for confirm

Target

Piercing pattern

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128

2 of 2

Oscillators
Objective
Separate from price
Best in lateral markets
Includes Stochastics, MACD,
RSI, etc.

129

Applications
Overbought/Oversold:
too far too fast?

Divergence

130

Candles in Context of Overbought/Oversold

At which doji is the market more vulnerable?

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131

Divergence
Positive Divergence

Negative Divergence
2

2
Price

Price

Oscillator

Oscillator
132

East & West

Hammer
and
positive
divergen
ce
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133

East and West

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134

Candles and Oscillators

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135

Oscillators and Trend

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136

East and

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137

East and West (Bollinger Bands)

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138

Bollinger Bands
Bearish Engulfing Pattern Shooting star

Doji, bear shadows

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139

East & West

Doji warn
market is
tired.
Confirming
resistance at
upper
Bollinger
Band

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Correction
ends with
piercing
pattern at
lower
Bollinger
Band
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140

Dual Bearish Candle Signs & Divergence

Shooting Star

Bearish
i h
engulfing
pattern
Both patterns
confirmed upper
Bollinger Band

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141

Fibonacci
Retracements
(B) 200

38.2% (162)
50%

(150)

61.8%
% ((138))
((A)) 100
$100
142

Candles & Fibonacci

Dark cloud cover

Gravestone
doji

Hammer
Hammer
confirming 50%
confirming
50%
retracement
retracement

Bullish
lli h
engulfing
pattern

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143

Fib. Retracements with Candles

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144

Fib. Retracements

Bull Engulf near 62%

Hammer
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145

East, West & Fibonacci

Bearish
engulfing
pattern
confirming
upper Bollinger
Band

Support
at 50%
Fib
retracem
ent

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146

Bullish Harami

Candles in Context

147

Candles in Context

Morning star
but ???
Ch t courtesy
Chart
t
off G
Genesis
i FT

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148

Candles in Context

Why not sell at this doji?

Chart courtesy
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149

Candles in Context

What
a are
a
2 reasons
not to
short on
this
shooting
star?

Prior resistance converts to new support

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150

Candles in Context

Did the Euro have a

sense of direction?

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151

1 of 2

Candles in Context

O
Oversold?
ld?

Oversold?

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152

2 of 2

Record Sessions
Overbought / Oversold Indicator

9 record session highs

7
6
5
4
3
2
1

low for move

153

Record Session Highs

89
7
6
5
4

3
2

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154

Record Session Lows

8 9
7
1
1

23

5
4
1

3 4

6
7

8
9
10

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155

Haven t made
Havent
5
a lower low
and now
relieved
potential
oversold
situation so
count starts
again

Intra
ntra--day candles

156

Intraday Candlesticks

Flexibility
y

157

Flexibility with Candle Signals

close

open

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158

Intraday Candlesticks

Intraday Traders:

Daily
D
il Charts
Ch t ffor S
Supportt
or Resistance
159

Daily Chart for Support/Resistance

Daily Chart

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We are thinking of
buying on the session
at the arrow as
market approaches
important support
near 137 on Feb. 27.
Lets turn to an intraday chart
to see if
137.07
there are any buy
signals as the
Chart courtesy of Genesis FT
Euro/Yen cross nears
this USA
level .. (see next
732.254.8660
160
chart).

Feb. 27

1 of 2

 and then use daily support/resistance on intraday chart

Intraday Chart

Target Zone

Piercing Pattern

137 07 from daily chart

137.07
Feb. 27

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161

2 of 2

Melding Daily Support/Resistance onto Intraday Candle Chart

1 of 2

Daily Chart

Support zone on this daily chart. Now we shift

to Intraday candle chart for June 5

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162

Melding Daily Support/Resistance onto Intraday Candle Chart

Intraday Chart
Potential
Target

Support Zone from Daily Chart

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163

2 of 2

Support / Resistance from Daily Chart ..

1 of 2

Resistance zone

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164

 placed on intraday chart

Resistance zone
From daily chart

Potential Targets
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2 of 2

Trade Intraday? Still have to monitor daily chart

Intraday

Why did the rally stall

near 1.297
1 297 on JJune 5?

Chan
ge of
polarit
y for
buyin
g
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1 of 2

Always know support/resistance on daily/weekly charts

Daily

June 5
Note important resistance here!

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2 of 2

Intraday Candlesticks
Swing Traders:

Intraday Candlestick
Charts to Improve Timing

168

Why Intraday even if you are not a day trader

On this daily chart April 3 is

a hammer testing support at
a piercing pattern, but when
is hammer completed?
Wh t about
What
b t risk/reward?
i k/
d?

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y of Genesis FT

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1 of 4

Why Intraday even if you are not a day trader

April 3 - 60 minute

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Why Intraday even if you are not a day trader

April 3 - 30 minute

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3 of 4

Why Intraday even if you are not a day trader

Buy on close?
Intraday buy

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Intraday for Early Reversals

Stop

Signal at 123.20

60 minute

Daily
Close on April 6
Short at 122.29?
122 29?

Or
Signal
at
123.05

Target

April 6

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Intraday Candlesticks
Swing Traders:

Intraday Charts to Confirm

Support or Resistance

174

Harnessing the Extra Insights of Intraday Candles

Chart courtesy of Genesis FT

How can we tell if this bullish

engulfing pattern
on May 17 was a successful
retest of support?

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Harnessing the Extra Insights of Intraday Candles

30 minute May 17

60 minute May 17

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15 minute May 17

Intraday Candlesticks
Intraday and Swing Traders:

Multiple Intraday Time

Frames

177

Using Intraday Charts to Get Earlier Reversals

Morning Star
P tt
Pattern
confirmed
fi
d
July 19 at 1.2593,
now lets
go to intraday
g
y .

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178

Using Intraday Charts to Get Earlier Reversals

30 minute July 19

15 minute July 19
Hamm
a
er
comple
ted
at
1.2481

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Morning Star
completed
at 1.2488

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2 of 2

60 minute July 19
Piercing Pattern
completed
at 1.2488

Never trade without

knowing about news

180

The water looks fine.

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181

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The water looks fine.

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182

2 of 2

Let go of emotions

183

Long Lower (Bullish) Shadows

Although this market is

descending, the long
lower shadows lessens
some of the negative
outlook

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184

Non Emotional Trading

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185

Pace trades to market

environment

186

Nison Trading Principle #18

Market Chameleon: As market

environment changes we must
adapt
p our market outlook
and stance

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187

The water looks fine.

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188

1 of 2

Be a Market Chameleon

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Adapting to the Market

1 of 4

What is this pattern?

What is potential 1st support?

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Adapting to the Market

2 of 4

1) What is potential 1st support?

2) Any bull candle signals?

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Adapting to the Market

3 of 4

potential
target

How about here?

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192

Adapting to the Market

4 of 4

potential
target

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193

Adapting to Changing Market Conditions

1 of 3

S1

S2*

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194

Adapting to Changing Market Conditions

2 of 3

S1*
Anything new?

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195

Adapting to Changing Market Conditions

3 of 3

S1
S1*

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196

Being a Market Chameleon

1 of 3

Stop

Short

Target
g

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197

Being a Market Chameleon

Target

[email protected]

Anything happening
to change your
outlook?

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Being a Market Chameleon

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199

3 of 3

Achieve PEAK
Trading performance!
Information is Power!
Learn how to avoid losing
Forex trades

200

Slide 52

W
Warren
Buffets
B ff t Rules
R l off
Money Management
Rule 1 Not to lose money
Rule 2 Don
Dontt forget rule 1
201

Achieve PEAK
Trading performance!
Pinpoint Forex turning
signals with razor sharp
accuracy

202

Early Reversals

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203

Why Candles First for Reversals!

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204

Candlestick
Ch ti
Charting
Techniques

Western
Charting
Techniques

The Trading Triad

Money Management

205

Steve Nisons Profiting in Forex:

Using Candlesticks to Catch
the Next Move

Special Bonus:
Ste e Nisons
Steve
Forex Trading Lab
with
St
Steve
Nison,
Ni
CMT
President: Candlecharts.com

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Web site: www.candlecharts.com
www candlecharts com
Email: [email protected]

Case Study 1
What 3 signals hint of a
reversal?

Pause Now- Resume when done

Chart courtesy
y of Genesis FT

Case Study 1 Answer

doji and bear harami
bearish
engulf

Chart courtesy
y of Genesis FT

Case Study 2 Part 1

A- What are the three candle

signals at 1?
B-What
B
What else warned of the
market stalling at area 1?

Pause Now- Resume when done

Case Study 2: Part 1 Answer

A-What are the three candle

signals at 1?
S i i
Spinning
T
Top
Doji
Harami

Case Study 2: Part 1 Answer

B-What else warned to the

market stalling at area 1?
Resistance area

Case Study 2: Part 2

What is the candle signal at

2?
Anything else to get us
nervous?

Pause Now- Resume when done

Case Study 2: Part 2 Answer

What is the candle signal at 2?

Shooting Star
Anything else to get us nervous?
Failure to hold over
resistance

Case Study 2: Part 3

Is 3 a hammer?

3
Pause Now- Resume when done

Case Study 2: Part 3 Answer

Is 3 a hammer?

No, the upper shadow is

No
too long.
But what pattern does 3
complete?
Bull Harami

Case Study 2: Part 4

4

What pattern is 4?

Pause Now- Resume when done

10

Case Study 2: Part 4 Answer

4

What pattern is 4?
None- trend is wrong

11

Case Study 2: Part 5

What pattern is 5?

Pause Now- Resume when done

12

Case Study 2: Part 5 Answer

What pattern is 5?
Bearish Engulfing Pattern

13

Case Study 3

4
1

What candle
indicators were
there at 1-4?

Pause Now- Resume when done

14

Case Study 3 Answer

4
1

1-Two shooting stars

2- Bear Harami
3-Bearish Engulfing
4-Falling off the Roof

15

Case Study 4
What are
the signals
hinting of
trouble?

Pause Now- Resume when done

16

Case Study 4 Answer

4

What are
the signals
hinting of
trouble?

2
3

1234-

doji and harami

bearish engulfing
bearish engulfing
resistance

17

Case Study 4: Part 2

4

Would you sell at 3?

Pause Now- Resume when done

18

Case Study 4: Part 2 Answer

Would you sell at 3?

N since
No,
i
it is
i att supportt
3

We could here

19

Case Study 5
1.What reversals
are here?

3. Reasons
for caution
here?

Fibonacci Retracements

Pause Now- Resume when done

Chart courtesy
y of Genesis FT

2.What pattern

20

Case Study 5: Part 1 Answer

High Wave

Bear shadows and

small real bodies
Bearish Engulfing
Pattern

Chart courtesy
y of Genesis FT

21

Case Study 5: Part 2 Answer

Piercing Pattern
Chart courtesy
y of Genesis FT

What pattern

22

Case Study 5: Part 3 Answer

1- 50% Fib retracement
2- doji
3- harami
4 esistance area
4-resistance
a ea
Reasons for
caution here?
1

Fibonacci Retracements

Chart courtesy
y of Genesis FT

23

Case Study 6
1. What
1
Wh
candle signals
warn of
trouble?

3. What is happening
here regarding bull
force?

2. Why are these

h
hammers
likely
lik l tto
work?

Pause Now- Resume when done

5. Any
reason
for
caution?

4.a)Is this a
piercing
pattern?
b) Would you
buy here?
Chart courtesy
y of Genesis FT

24

Case Study 6: Part 1 Answer

1. What
1
Wh t
candle
signals warn
of trouble?

Two dark cloud covers

Chart courtesy
y of Genesis FT

25

Case Study 6: Part 2 Answer

2. Why are these

h
hammers
likely
lik l tto
work?
Chart courtesy
y of Genesis FT

26

Case Study 6: Part 3 Answer

3. What is happening
here regarding bull
force?

Spinning Tops

Chart courtesy
y of Genesis FT

27

Case Study 6: Part 4 Answer

a) No, since the
white candle
didntt get more
didn
than half into
black real body
b) Yes confirming
support area

4.a)Is this a
piercing
pattern?
b) Would you
buy here?
Chart courtesy
y of Genesis FT

28

Case Study 6: Part 5 Answer

5. Any
reason
for
caution?

1- Harami
2- Falling Resistance Line

Chart courtesy
y of Genesis FT

29

What would you do?

Chart courtesy
co rtes of Genesis FT

Pause Now- Resume when done

30

What would you do? Answer

This is a
bullish
engulfing
pattern, but
l t look
lets
l k att
R/R
Chart courtesy
y of Genesis FT

31

What would you do?

1) Would you buy at the
arrow?
2) Where is your stop?
3) Where
Whe e are
e some
ome target(s)
t get( )

Pause Now- Resume when done

32

What would you do? Answer

1) Would you buy at the
arrow?
2) Where is your stop?
3) Where
Whe e are
e some
ome target(s)
t get( )
1: Bull Engulfing
Pattern at Support
2: Bull Engulfing
Pattern low

33

What would you do?

Assume you
are flat.
What would
you do?
Hint- look at
prior lows.

Pause Now- Resume when done

34

What would you do? Answer

Crack and snap

35

What would you do?: Part 1

Shooting star

Pause Now- Resume when done

Chart courtesy of Genesis FT

36

What would you do? Part 1 Answer

Shooting star

Ch t courtesy
Chart
t
off G
Genesis
i FT

37

What would you do? Part 2

Shooting star
What pattern is this?

Pause Now- Resume when done

Ch t courtesy
Chart
t
off G
Genesis
i FT

38

What would you do? Part 2 Answer

Evening Star

Do nothing due to poor R/R

Ch t courtesy
Chart
t
off G
Genesis
i FT

39

What would you do?

Hint: Also look at May highs

Pause Now- Resume when done

40

What would you do? Answer

R2
R1

Above R1, but at R2- so do nothing

41

What would you do? What followed

42