Level 10 - Japanese Candlesticks Trading Mastery Program

All the Levels of The Japanese Candlesticks Trading Mastery Program are designed to help you : 

• Learn How to Trade Stocks, Forex & Commodities Using Candlesticks & Technical Analysis to Become a Professional Trader

Very few traders know that the Bollinger Bands actually consist of three separate indicators within itself:

1. The Bands

2. The %B 

3. The Bandwidth

A combination of these indicators (which are cast out of the same cloth), can give some incredible trade setups.

We will discuss this in detail, in this program.

Basically, there are 2 kinds of trades:

1. Reversals

2. Continuations

Reversals are risky.

Continuations are less-risky.

We will look at how to handle both types of trades, by combining our deep knowledge of candlesticks with the Bollinger Bands.

This program is a real deep dive into Bollinger Bands, and how they can help us harness the full power of the candlesticks.

Please place your undivided attention on the last 3 sections of this program. These are continuation trade setups.

Their diagnosis requires a step by step process, but once all steps are in place, they give us a relatively safer market entry.

Following are the sub-topics discussed in the program: 

The W Bottom

• The Morning Star Inside the Lower Band

• A Piercing Pattern Making a New Low

• The Incorrect W Bottom

• The Hammer Low Outside the Lower Band

• The Falling Window & The False W Bottom

• The Inverted Hammer & a W Bottom

• The Questionable W Bottom

• The W Bottom with Extra Confirmation

• The Giant Missed Opportunity

• The Inverted Hammer & a Non-Ideal W Bottom

• Bull Harami with Volume Confirmation

• Piercing Pattern & Volume Confirmation

The Triple Tops

• The Triple Top & Doji

• The Triple Top with a Bearish Engulfing Pattern

• The Triple Top with Volume Confirmation

• The Triple Top & a Falling Window

• The False Triple Top

• The Triple Top with Volume & Stochastics Confirmation

• Correctly Identifying a Triple Top with Bollingers

• The Throwback Rally

• The Dilemma at a Triple Top Formation

• The Importance of Relative Lows

Divergences with Bollinger Bands

• The Simplicity of %B

• %B is Based on the Closing Price

• Not a Bullish Divergence

• The Bullish Divergence

• The Ideal Bullish Divergence

• The Bearish Divergence

• The Bearish Engulfing Pattern at the Top

• Not a Bearish Divergence

• The Hanging Man & a Bearish Divergence

• The Doji & The Bearish Divergence

The Turn of the Lower Band

• The Turn of the Lower Band

• The Successful Test of the Middle Band

• Wait for a Test of the Middle Band

• Following the Middle Band

• Wait for a Clear Signal

• The Unsuccessful Test of the Middle Band

• Let Go of This Trade

• Multiple Ways to Exit a Trade

• The Last Engulfing Bottom

• The Importance of a 50% Exit

The Turn of the Upper Band

• The Turn of the Upper Band

• The Power of Partial Exits

• Importance of Middle Band as a Stop Loss

• Don't Underestimate a Small Candle

• Correctly Checking the Criteria

• The Reason for the Upper Band Criteria

• The Problem with the Opening Price

• Why Not to Use the 3 Candle Rule

• Do Not Violate the Criteria

• Always Keep MB as a Mental Stop Loss

Trading the Fakeout After the Squeeze

• The Fakeout Move

• Not a Fakeout Move

• Wait for the Moving Average

• The Use of Money Management

• The Missed Opportunity

• The Importance of a Smart Exit

• Take the Loss and Move On

• Take This Trade

• The Importance of Patience

• The Classic Pullback

Learn concepts that apply to any type of trading. If you know how to read one chart, you can read them all. This course through its various levels will help you understand this unique and most primitive technique of trading. The Japanese Candlesticks Trading Mastery Program can be applied in any or all of the following areas of work :

• Forex Trading / FX Trading / Currency Trading

• Stock Trading

• Commodity Trading

• Options Trading

• Futures Trading

• Intraday Trading / Day Trading

• Positional Trading 

• Swing Trading

• Technical Analysis of Stocks, Commodities & Currencies

• Price Action Trading

• Chart Pattern Analysis

• Cryptocurrency Trading

Standard Disclaimer: I am a SEBI-Registered Research Analyst (Registration No. INH000022279) under the SEBI (Research Analysts) Regulations, 2014. All content shared by me is strictly for educational purposes only and should not be considered as investment advice, buy/sell recommendations, or trading tips. I do not provide personalized investment advisory services, I do not write research reports, and I do not operate any chat groups on platforms such as Telegram, WhatsApp, or any other similar services. I do have a presence on YouTube, but apart from that I do not have any social media accounts. Any securities or instruments discussed are purely for analysis and illustration and should not be construed as solicitation or advice. Investing and trading involve significant risk, and past performance is not indicative of future results. Please conduct your own due diligence or consult a qualified advisor before making any financial decisions. I may or may not hold positions in the securities discussed at the time of creating the content, and such positions are subject to change without notice. I do not receive any compensation from third parties, including MarketSmith or Steve Nison. I have completed the basic and advanced candlestick modules on Steve Nison’s platform purely as a student, and I am not affiliated with him or his website in any way.