Professional Documents
Culture Documents
Advance Candlestic Charting Techniques
Advance Candlestic Charting Techniques
Charting Techniques:
Secrets to Becoming a
Samurai Trader
1
1
“He who is well
prepared has won
half the battle”
2
Slide 3
3
3
Constructing the Candle Line
4
4
Candle or noses
5 5
5
Candles shine at Preserving Capital
6
Warren Buffet’s Rules of
Money Management
7
Nison Trading
Principle
8
Gravestone Doji
9
Nison Trading
Principle
A candlestick line or pattern
requires two criteria:
• The shape of the line or pattern
• The preceding trend
10
Doji and Trend
Concept:
Doji in a “Box Range” is
To use a northern doji as a
signal we need to have an not a trading signal
uptrend to reverse
11
Doji and trend
“Box Range”
12
Northern and Southern Doji
A doji in an uptrend
is a “Northern Doji”
A doji in a
downtrend
is a
“Southern
Doji”
13
Southern Doji
14
Nison Trading
Principle
15
Doji in Context
Need a
close
Concept:
under
If a doji makes a new
high close for the move,
here to
wait for bearish turn
confirmation with a close bearish
under the doji’s close
16
Doji in Context
Which of these
scenarios is a more
likely top reversal?
Scenario 1 Scenario 2
17
Doji, but New High Close
18
Doji, but New High close
19
Flexibility with Candles (and Confluence)
20