Product Description
From the "Father of Candlesticks"--penetrating new Japanese techniques for forecasting and tracking market prices and improving market timing Steve Nison has done it again. The man who revolutionized technical analysis by introducing Japanese candlestick charting techniques to Western traders is back--this time with a quartet of powerful Japanese techniques never before published or used in the West. Stunningly effective on their own, these new techniques pack an even greater wallop when teamed up with traditional trading, investing, or hedging strategies, and Steve Nison shows you how to do it. Beyond Candlesticks provides step-by-step instructions, detailed charts and graphs, and clear-cut guidance on tracking and analyzing results--everything you need to pick up these sharp new tools and take your place at the cutting edge of technical analysis. Critical praise for Steve Nison's first book . ". destined to become the classic reference on the subject." --Charles Lebeau and David Lucas Technical Trader's Bulletin "I believe Steve Nison's new candlestick book is destined to become one of the truly great books for this time period.. Whether you trade futures, commodities, or equities, day trade or hold positions overnight, this book is a must." --Lee Siegfried Investor's Library, Data Broadcasting Corp. "It is hard to be too effusive about the quality of NiSon's work . this is clearly one of the best investment books ever written in terms of covering a subject with pedagogical ability and writing skill. The organization is impeccable . reading it was a pleasure." --Commodity Traders Consumer Report
From the Inside Flap
Beyond Candlesticks New and powerful Japanese charting secrets revealed for today’s traders and investors In 1990, Steve Nison introduced traders in the West to a powerful analytical tool that had long given Japanese Investors a competitive edge. Now, with this groundbreaking new book, the "Father of Candlesticks" further revolutionizes technical analysis with an entire collection of stunningly effective Japanese techniques. In Beyond Candlesticks, Steve Nison unveils the mysteries of four more of Japan’s most closely guarded financial secrets—Kagi, Renko, Three–Line Break charts, and the disparity index—incredibly versatile techniques for forecasting and tracking market prices and buying and selling periods. Completely self–contained and requiring no prior experience with Japanese charting techniques, Beyond Candlesticks:
- Introduces Kagl, Renko, and Three–Line Break charts—powerful non–time series charting techniques never before seen In the West
- Explores the exotic twists and turns of the disparity index—a Japanese secret more exact and timely than its Western cousin, moving averages
- Takes you step–by–step through each charting technique with the help of nearly 200 illustrations, dozens of detailed real–world examples, and clear–cut guidelines on how to use them In your day–to–day trading and Investing
- Demonstrates how these techniques can be used on equities, futures, fixed–in–come, foreign exchange, and overseas markets
- Explains how they can be merged with candlesticks and traditional Western techniques to create powerful new hybrids
