Level 11 - 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

This is going to be more like a sequel to the Level 10 course.

In level 10, I argued that, we can take a normal position size on a continuation trade, but half position size on a reversal trade.

This concept gets modified, the moment you add something called as RSI on the reversal trade, because now you have additional confirmation.

In this level, we are going to take a deep dive into the RSI, because it is one of the most widely used, popular, yet widely misunderstood and under-utilised indicator.

The RSI is one of the simplest, yet one of the most powerful indicators ever invented in technical analysis.

My goal for Level 11 is to help you understand each and every aspect of RSI, and how it can be an extremely powerful tool in your trading arsenal, especially helping you build confidence while going for the reversal trades.

Here the sub-topics covered in the course: [12 sections]

Introduction

• Introduction

• The 2 Types of Trades & Position Sizes

• The RSI & its 3 Main Applications

• RSI as a Leading Indicator

• RSI as a Co-incident Indicator

W Bottoms & RSI

• The Rules

• The W Bottom & RSI Bullish Divergence

• The Bullish Engulfing Pattern at a W Bottom

• A Classic RSI Bullish Divergence at a W Bottom

• A RSI Bullish Divergence without a Candle Pattern

• A W Bottom without a Candle Pattern

• An Upside Thrust with a RSI Bullish Divergence

• RSI Divergence Yet Not a W Bottom

• The Hammer without a W Bottom

• The Importance of an RSI Divergence

• The Importance of Position Size

• The Importance of Being Cautious

• Trading a Low Probability Setup

Triple Tops & RSI

• The Perfect Triple Top with RSI Divergence

• The Lower Second Top

• The Shooting Star at the Third Top

• The Triple Top without a Candle Pattern 

• Lower Highs on the RSI 

• The Non-Ideal Triple Top with RSI Divergence

• This is Absolutely Not a Triple Top

• The Long Period Divergence 

• A Strong Opening at the Third Top

• The Break of the Middle Band

• Always Keep a Conservative Stop Level

• The Short Signal Below the Lower Band 

RSI Trendline Upside Breakout

• RSI Trendline Breakout as a Leading Indicator

• RSI Trendline Breakout as a Coincident Indicator

• The Multi-Testing Price Trendline

• Price Confirmation of a Candle Pattern & RSI Breakout

• The Multi-Tested RSI Trendline

RSI Trendline Downside Breakout

• The RSI Breakout after a Bearish Divergence

• The Falling Window RSI Breakout 

• The Trendline That Was Tested 9 Times

• The Imminent Breakout

• The Importance of a Conservative Stop Loss

RSI & Price Upside Breakout

• The Classic Price Breakout Confirmed by RSI Strength

• The Rising Window at a Breakout Confirmed by RSI 

• Another Classic Rising Window Breakout & RSI 

• The Importance of RSI Strength

• The Importance of Patience at a Breakout Area

RSI & Price Downside Breakout

• RSI Falls Below Reference Line at a Breakout 

• The 2 Falling Window Breakouts with RSI Confirmation 

• A Clear Weakness in the Market 

• An Aggressive Downside Price Breakout

• The Box Range Breakout Confirmed by RSI Weakness

The Upside RSI Failure Swing

• The Rising Window at an Upside Swing 

• The Failure Swing at a Crucial Turning Point

• The Failure Swing Confirming a Base Formation

• The Correct Identification of a Failure Swing

• Wait for a Failure Swing Confirmation

The Downside RSI Failure Swing

• The Downside RSI Failure Swing

• The Power of a Failure Swing Point

• The Bearish Divergence Confirmed by a Failure Swing 

• The Falling Window at a Failure Swing

• The Importance of Following a Criteria

The Most Powerful RSI Signals

• The RSI Bullish Divergence & a Bullish Engulfing Pattern

• The RSI Bearish Divergence & a Bearish Engulfing Pattern

• The RSI Bullish Divergence Without any Candle Pattern

• The RSI Bullish Divergence without a W Bottom

• The RSI Bullish Divergence & a Bull Harami

Premature RSI Signals

• The RSI Sell Signal at the Upper Band

• The RSI Sell Signal at a Rising Window

• The RSI Sell Signal at the Start of a Rally

• The RSI Buy Signal at a Falling Window

• The RSI Buy Signal at the Middle of a Downtrend

Spot the Pullbacks Using the RSI

• The Weekly Bearish Pullback Confirmed by Daily RSI

• The Incredible Bullish Move After the RSI Cross

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.