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The Candlestick Course
The Candlestick Course

Paperback
Edition: 1st
Author: Steve Nison, Marketplace Books
Publisher: Wiley
Release Date: 2003-05-23
ISBN-10: 0471227285
ISBN-13: 9780471227281
List Price: $70.00
Average Customer Rating:
Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0
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Summaries and Customer Reviews are supplied by Amazon.com

Summary:
Expert instruction on the practical applications of candlestick charting

Candlestick charting is more popular than ever before, with a legion of new traders and investors being introduced to the concept by some of today’s hottest investment gurus. Having introduced the candlestick technique to the West through two of his bestselling books, Steve Nison is regarded as a luminary in the field of candlestick charting. In his new venture, The Candlestick Course, Nison explains patterns of varying complexity and tests the reader’s knowledge with quizzes, Q&As, and intensive examples. In accessible and easy-to-understand language, this book offers expert instruction on the practical applications of candlestick charting to give every level of investor a complete understanding of this proven, profitable, and time-tested investing technique. Straightforward answers quickly clarify this easy-to-use charting method. This guide will allow readers to recognize and implement various candlestick patterns and lines in today’s real-world trading environment–giving them a noticeable edge in their trading activities



Customer Reviews
Average Customer Rating: Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0

Great information, poor design
Customer Rating:  Score = 3 Score = 3 Score = 3 Score = 3 Score = 3
I abandoned the Gregory Morris book, "Candlestick Charting Explained," because of the unnecessarily complex and not useful amount of detail.

I truly enjoyed the narrative parts of "The Candlestick Course," finding the explanations clear and concise.

However, I was appalled and frustrated by the incredibly poor, difficult-to-use layout of the illustrations, particularly in the Q&A sections. One had to flip pages between the questions and the answers/explanations, then flip between the "question charts" and the "answer charts." It was ludicrous!

Anyway, I am really glad I read the book and persevered, because I think it's good. But, please get a good editor!!!!

It helps a lot with lingo, and shed a little light on what candles AREN'T.
Customer Rating:  Score = 3 Score = 3 Score = 3 Score = 3 Score = 3
I was very excited to start this book, thinking I would find a trading tool that matched my visual senses. However, I was disappointed to find that there really is no difference between candles and OHLC. It's true, that candles are a more visual representation of the same data. But, not any more useful. One annoying aspect of Nison's personality is that he keeps trying to convince you how much better candles are than OHLC. Aside from the visual acuity (i.e. colors, wider bars), it's the same Steve! Sorry.

Western culture interprets the OHLC data differently than the Japanese, that is all. So, to that effect you learn how the Japanese interpret the data. But, they still can't be used reliably without other Western indicators. So, if you already have a trading strategy that you think might be enhanced by another "edge", go for it. Don't think you can use candles all by themselves though.

As far as Nison's style of writing, I found it a bit insulting on an intellectual level. I kept feeling like I was sitting in elementary school holding a pair of dull scissors. I realize that in order to learn, ideas must be repeated. However, he goes a bit overboard with the repetition. If the book were written better, I think as an educated adult I'd choose to read it again to get to the appropriate level of repetition. However, it's so "dumbed down", I don't think I can sit through it another time.

But, I did learn what the basic candle signals are; and perhaps more importantly what they are not. So, I give it a thumbs up for the basic material. But, thumbs down on being engaging and or something I would read again.

Also, I agree with the previous poster that said the layout is poor, and all the flipping back and forth to look at charts and answer questions was annoying. At one point I had 3 fingers holding places to go back to, and then got lost amongst the charts and was using the wrong chart to answer the question... Then was frustrated to find I'd done so when referring to the answer section to check myself.

Wonderful book, especially if new to Japanese Candlesticks
Customer Rating:  Score = 4 Score = 4 Score = 4 Score = 4 Score = 4
This is a wonderful book for people who are new to Japanese canadlesticks. Its written in an easy to read format and in layman language. On top of that, at the end of chapter, there is a set of questions that test your knowledge of the topics that was just covered. However, my only gripe would be it does not go in-depth enough, it only covers the basics. Some real life examples (i.e. Charts) on each topic covered would have been nice.

Great book for Japanese candlestick newbies but skip it if you are on an intermediate level or above.

A good starter to get the lingo.
Customer Rating:  Score = 3 Score = 3 Score = 3 Score = 3 Score = 3
Being a novice to candlesticks I was open to a new world of analysis this book ofered. Comming from a background of chart pattern plotting , I wanted to find another indicator that was a realible cross check for the signals.
I thought that the instruction and layout of each chapter was thoughtful and educational. I especially liked the little review section at the end of the chapters. However I found the true application of the principles to require a more intrinsic approach to the reader. It made for a great intoduction and general apprecitaion for the art of candlesticking, but a course it is not. For those NOT looking for a light snack move on to a real meal.

Well written, but not much to it...
Customer Rating:  Score = 1 Score = 1 Score = 1 Score = 1 Score = 1
I began reading this book with great enthusiasm. At the beginning of each chapter, Nison lays out the objectives and goals that you will learn, including key terms to watch for.

So as I was reading through the book, thinking "I really love the writing style of the author and am learning some valuable information," and before I knew it, the book was over. I was finished reading in 2 hours.

Nison only talks about the most popular candle lines/patterns, but he doesn't even go into great detail on the candles/patterns that are presented. The material only fills up about 100 pages, the other 100 pages show you a chart piece by piece and have you try to figure out what will happen next.

At $44, this book is a waste of money. After being disappointed, I bought Morris' Candlestick Charting Explained. The difference between these two books is night and day. Morris goes into significantly more detail about different candle lines/patterns, not to mention he talks about almost every candle stick you will ever see. So if you want a kiddy version of candlestick charting, go with Nison's, if you want a serious book, go with Morris'.

























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