{"product_id":"the-power-of-japanese-candlestick-charts-isbn-9781118732922","title":"The Power of Japanese Candlestick Charts","description":"\u003cb\u003eA practical, must-read guide to candlestick charting techniques\u003c\/b\u003e  \u003cp\u003eJapanese candlestick charting is a highly effective method for timing the market for short-term profits. Unlike most western techniques—moving average, relative strength index, MACD, stochastic, Bollinger bands, or Elliot waves—candlestick charting signals are based on very close analysis of product price, producing accurate buy or sell signals between two and ten periods earlier than other techniques. In \u003ci\u003eThe Power of Japanese Candlestick Charts\u003c\/i\u003e, noted author and futures trading expert Fred Tam offers a full and sophisticated range of charting techniques using candlestick methodology.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eWritten by Fred K. H. Tam, a noted pioneer in exploring the Japanese candlestick methodology\u003c\/li\u003e \u003cli\u003eIdeal for anyone who wants to invest or trade in both the futures and stock markets\u003c\/li\u003e \u003cli\u003eIncludes hundreds of illustrated charts\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Power of Japanese Candlestick Charts\u003c\/i\u003e is a comprehensive and valuable guide to candlestick charting that is perfect for analysts, stock or day traders, and short-term position traders.\u003c\/p\u003e \u003cp\u003eIndex of Reversal Patterns ix\u003c\/p\u003e \u003cp\u003eIndex of Continuation Patterns xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Basic Candlestick Techniques\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Introduction 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistorical Background 4\u003c\/p\u003e \u003cp\u003eReasons Candlestick Charts are So Popular Today 5\u003c\/p\u003e \u003cp\u003eConstruction of the Candlestick Chart 7\u003c\/p\u003e \u003cp\u003eConstruction of a Bar Chart 8\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Single Candle Types 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSingle Candles 11\u003c\/p\u003e \u003cp\u003eThe Doji 35\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Umbrella Group 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhite Hammer or Hanging Man (Also Called White Umbrella Candle) 59\u003c\/p\u003e \u003cp\u003eBlack Hammer or Hanging Man (Also Called Black Umbrella Candle) 60\u003c\/p\u003e \u003cp\u003eWhite Inverted Hammer or Shooting Star (Also Called Inverted White Umbrella Candle) 60\u003c\/p\u003e \u003cp\u003eBlack Inverted Hammer or Shooting Star (Also Called Inverted Black Umbrella Candle) 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Reversal Patterns 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 67\u003c\/p\u003e \u003cp\u003eIndex of Reversal Patterns 69\u003c\/p\u003e \u003cp\u003eSingle Candlestick Patterns 70\u003c\/p\u003e \u003cp\u003eDouble Candlestick Patterns 90\u003c\/p\u003e \u003cp\u003eTriple Candlestick Patterns 119\u003c\/p\u003e \u003cp\u003eMultiple Candlestick Patterns 156\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Continuation Patterns 171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 171\u003c\/p\u003e \u003cp\u003eDouble Candlestick Patterns 172\u003c\/p\u003e \u003cp\u003eMultiple Candlestick Patterns 185\u003c\/p\u003e \u003cp\u003eWindows (Gaps) 192\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Summarizing Part I 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCan One Trade the Market and Profit Just by Applying Candlestick Chart Analysis? 210\u003c\/p\u003e \u003cp\u003eCandlestick Chart Analysis is Best Used in Conjunction with Technical Indicators 210\u003c\/p\u003e \u003cp\u003eConclusion 211\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Advanced Candlestick Techniques\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Filtering with Western Indicators 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUsing Filtering or the Rule of Multiple Techniques 216\u003c\/p\u003e \u003cp\u003eScenario 1: In the Case of a Bull Market or Bullish Trend 216\u003c\/p\u003e \u003cp\u003eScenario 2: In the Case of a Bear Market or Bearish Trend 216\u003c\/p\u003e \u003cp\u003eScenario 3: In the Case of Overbought or Oversold Situations 216\u003c\/p\u003e \u003cp\u003eFiltering with Moving Averages 217\u003c\/p\u003e \u003cp\u003eFiltering with MACD (Moving Average Convergence Divergence) 218\u003c\/p\u003e \u003cp\u003eFiltering with Relative Strength Index 221\u003c\/p\u003e \u003cp\u003eFiltering with Stochastic 224\u003c\/p\u003e \u003cp\u003eFiltering with Momentum 229\u003c\/p\u003e \u003cp\u003eFiltering with Williams’ Percentage Retracement 229\u003c\/p\u003e \u003cp\u003eFiltering with Directional Movement Index 232\u003c\/p\u003e \u003cp\u003eFiltering with Commodity Channel Index 235\u003c\/p\u003e \u003cp\u003eFiltering with Volume 238\u003c\/p\u003e \u003cp\u003eFiltering with Bollinger Bands 238\u003c\/p\u003e \u003cp\u003eFiltering with Elliott Wave Theory 240\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 P.I. System Trader 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe P.I. System Trader Mimics Candlesticks 248\u003c\/p\u003e \u003cp\u003eTrading Rules for P.I. System Trader 250\u003c\/p\u003e \u003cp\u003eAdvantages of P.I. System Trader 250\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Sakata’s Five Methods 253\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSakata’s Constitution and Sakata’s Five Methods 253\u003c\/p\u003e \u003cp\u003eSakata’s Constitution (\u003ci\u003eSoba Sani No Den\u003c\/i\u003e) 254\u003c\/p\u003e \u003cp\u003eThe Japanese Method of Three 254\u003c\/p\u003e \u003cp\u003eConclusion 267\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Computerized Candlestick Forecasting 273\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Era of Computerized Candlestick Scanning 274\u003c\/p\u003e \u003cp\u003eFeatures of the Nison Candle Scanner 275\u003c\/p\u003e \u003cp\u003eNison Candle Highlighter on MetaTrader 4 Platform 280\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Conclusion: Facts about Candlesticks 285\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout the Author 287\u003c\/p\u003e \u003cp\u003eReading List 289\u003c\/p\u003e \u003cp\u003eIndex 291\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eFRED K. H. TAM\u003c\/b\u003e is a gold, silver, forex, stock indices, and stock trader for 30 years, and is the author of six books on the financial markets. \u003c\/p\u003e\u003cp\u003eHe is a full member of the Society of Technical Analysts, U.K., a Certified Financial Technician, and a Master of Financial Technical Analysis from IFTA. He is the first Malaysian to receive the MFTA award. Fred holds another Master of Philosophy (Technical Analysis) from Multimedia University, Cyberjaya, Malaysia. He also served as the principal lecturer of the Certificate in Financial Technical Analysis course at Open University Malaysia from 2007 to 2010. His students take the MSTA (UK) and CFTe (USA) exams, and passes have been impressive. \u003c\/p\u003e\u003cp\u003eFred uses a combination of Japanese candlestick and Western technical indicators to track the markets, and he has developed his own computerised trading system called the P.I. System Trader, which mimics candlestick reversal patterns and is excellent for trading fast-moving markets. He teaches and promotes technical analysis and makes speaking appearances in Indonesia, Singapore, as well as Malaysia. Mr Tam is now collaborating with Asia e University (AeU) to offer Malaysia's first EMBA (Financial Technical Analysis) Course. \u003c\/p\u003e\u003cp\u003e\u003cb\u003ewww.f1traderacademy.com\u003c\/b\u003e    \u003c\/p\u003e\u003cp\u003eFor over 300 years, Japanese candlestick charts have been accurately predicting market movements and helping traders to profit from optimally timed market entries and exits. With \u003ci\u003eThe Power of Japanese Candlestick Charts\u003c\/i\u003e, author Fred Tam explains how to integrate the visual, predictive power of candlestick charts with proven technical analysis to help traders, analysts, and investors maximize returns in any market.  \u003c\/p\u003e\u003cp\u003eThe Japanese candlestick methodology is a very powerful short-term trading technique, and part of the reason is because it routinely triggers accurate buy or sell signals at least two periods, and sometimes up to ten periods, earlier than traditional Western indicators. This is because candlestick signals are based on a close analysis of the product price as related to an underlying knowledge of how greed, fear, and other factors drive investors' behavior in certain market conditions. The same technique can be equally successful when applied to long-term trading strategies, with only minor adjustments.  \u003c\/p\u003e\u003cp\u003eTraders will be convinced from the hundreds of charts illustrated in this book that Japanese candlestick signals lead Western technical indicators in timing market entry and exit. With examples taken directly from charts of leading international companies, currencies, and commodities, Fred Tam explains in detail how to create, read, and profit from candlestick charts. Candlestick charts provide numerous advantages over other charting techniques, including their unlimited versatility across time dimensions and multiple market applications, and readers will gain an understanding of how to leverage those advantages in stocks, futures, and currency trading.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Power of Japanese Candlestick Charts\u003c\/i\u003e delves into the effectiveness of the methodology as a stand-alone technique, but Fred Tam contends that candlesticks are most profitable when integrated with trend analysis and technical indicators such as Moving Average, RSI, Momentum, MACD, Stochastic, DMI, CCI, Percent R, Bollinger Bands, and Elliott Wave Theory, among others. It is this holistic and integrated investment approach that Mr. Tam is uniquely positioned to provide to readers, and it is why this book is an invaluable resource for profit-driven traders, technical analysts, and investors.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003eA comprehensive guide to profiting from candlestick charting techniques\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eJapanese candlestick charting is a time-tested and highly effective method for timing the market for short-term and long-term profits. With hundreds of illustrated charts taken from leading international companies, currencies, and commodities, noted author and futures trading expert Fred Tam demonstrates the predictive power of candlestick charting signals and how to properly integrate them with proven Western technical analysis techniques to maximize returns in any market. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Power of Japanese Candlestick Charts\u003c\/i\u003e explores the many advantages of the candlestick charting methodology, including: \u003c\/p\u003e\u003cul\u003e \u003cli\u003e\n\u003cb\u003eLeading Indicator\u003c\/b\u003e – the ability to show reversal signals earlier than Western charting techniques\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eVisual\u003c\/b\u003e – pictorial chart construction allows traders to immediately recognize buy and sell signals\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eVersatile\u003c\/b\u003e – can be used alone or with Western technical analysis techniques\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eFlexible\u003c\/b\u003e – can be used across any time dimension and with any market or multiple markets simultaneously\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eCandlestick charting is a proven methodology as a stand-alone market analysis tool, but Fred Tam contends that it is even more powerful when combined with trend analysis and technical indicators like Moving Average, RSI, Momentum, MACD, Stochastic, DMI, CCI, Percent R, Bollinger Bands, and Elliott Wave Theory. \u003ci\u003eThe Power of Japanese Candlestick Charts\u003c\/i\u003e is a comprehensive and valuable guide to candlestick charting that is perfect for analysts, stock or day traders, and short-term position traders.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990317547749,"sku":"NP9781118732922","price":79.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118732922.jpg?v=1761787331","url":"https:\/\/k12savings.com\/products\/the-power-of-japanese-candlestick-charts-isbn-9781118732922","provider":"K12savings","version":"1.0","type":"link"}