Would you like to learn a technical system refined by centuries of use, but virtually unknown here? A system so versatile that it can be fused with any Western technical tool? A system as pleasurable to use as it is powerful? If so, this book on Japanese candlestick charting techniques is for you. You should find it valuable no matter what your background in technical analysis.
Japanese candlestick charts are older than bar charts and point and figure charts. Candlesticks are exciting, powerful, and fun. Using candlesticks will help improve your market analysis. My focus will be mainly on the U.S. markets, but the tools and techniques in this book should be applicable to almost any market.
Candlestick techniques can be used for speculation and hedging. They can be used for futures, equities, options, or anywhere technical analysis is applied. By reading this book you will discover how candlesticks will add another dimension of analysis.
Do not worry if you have never seen a candlestick chart. The assumption of this book is that they are new to you. Indeed, they are new to the vast majority of the American and European trading and investing community. If you are a seasoned technician, you will discover how joining Japanese candlesticks with your other technical tools can create a powerful synergy of techniques. The chapters on joining Japanese candlestick techniques with Western tools will be of strong interest to you.If you are an amateur technician, you will find how effective candlestick
charts are as a stand alone charting method. To help guide you, I have included a glossary of all the western and Japanese candlestick terms used.