Level 12 - 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 level 10 and 11, in a sense that, we are going to build on what we have already learnt in level 10 and 11.

In Level 10, we looked at all the ways of using the Bollinger Bands.

In Level 11, we combined Bollinger Bands, RSI and Candles to generate powerful trade setups.

Now, what if I told you that, there is something called as directional movement, which allows you to identify, whether you should be trading a particular market or not, at that very moment.

And this is extremely powerful.

Before even we apply the Bollinger Bands & RSI to the chart, would it not make sense to figure out if that market is worth trading or not, at that moment?

That's where the directional movement system comes in.

It is also called as the ADX (Average Directional Index).

Hence, this course is going to be a deep dive into the ADX.

The ADX, when you first look at it, looks very complicated.

However, I can tell you from my experience that, there is nothing that is simpler than the ADX.

There is nothing that is easier than the ADX indicator.

I would say, it is easier than RSI, inspite of the fact that the ADX has three lines, and RSI has got only one. I will discuss that in the course.

The mathematics behind the ADX is far more complex than that of the RSI, but the application of the ADX lines are far easier than that of the RSI.

Now, a combination of Bollinger Bands, Candlesticks, RSI and ADX, is a very powerful way to build your own trading system.

So, we will use the Bollinger Bands to identify whether we are getting into a continuation or a reversal trade.

Then we use RSI and Candlesticks to support our view on the market.

And then we will use the ADX, as a filter on the market, to weed out the unwanted markets.

That's the general process we will follow, and we will see multiple chart examples of this.

Here the sub-topics covered in the course: [14 sections]

Introduction

• Introduction

• Book Recommendations 

The Basics

• The ADX & DMI Lines

• The Market Domination

• The Market Takeover

• The Overheated Market

• The Sleepy Market

• The Key ADX Level

• Summary of the Basics

Filtering the Bullish Divergences

• The Bullish Divergence Foreseen by the ADX

• The Importance of the ADX Filter

• The W Bottom with ADX Filter

• Identifying the Correct Bottom using ADX Filter

• The Falling ADX with a Rising Window 

Filtering the Bearish Divergences

• The Two Hanging Man Candles

• The Falling Window Coinciding with a Declining ADX

• The Decline of ADX from the Top

• The Shooting Star & a Falling Window 

• The Star at the Top 

Filtering the Bullish Pullbacks 

• The Power of the Simple Moving Average

• The Turn of the Upper Band

• The Importance of Adapting to Market Conditions

• The No-Brainer Trade Setup

• Let Go of this 50+ ADX Trade

Filtering the Bearish Pullbacks

• A Classic Bearish Pullback Trade

• The Falling Window Continuation

• The Importance of a Filtering Criteria

• Let Go of this 40+ ADX Trade

• The Importance of a Correct Stop Level

Filtering the RSI Upside Breakouts

• The Small Rising Window Upside Breakout

• The High Wave Green Candle Breakout

• The Tall Green Real Body

• The End of a Downtrend

• The Price Confirmation of a Piercing Pattern

Filtering the RSI Downside Breakouts

• The Multi-Tested Uptrend

• The Death Blow Breakout

• The Correct Angle of a Price Trendline

• The Tall Red Real Body Candle

• The Decisive Candle

Filtering the Price Upside Breakouts

• The Simplest of all Trade Setups

• The Non-Confirmation from the ADX at a Breakout

• A Strong Up Move

• The Breakout After a Long Consolidation

• The Importance of ADX Strength

Filtering the Price Downside Breakouts

• The Shaven Head Shaven Bottom Candle

• The Falling ADX at a Downside Breakout

• The Rising ADX at a Downside Breakout

• The Downside Breakout with a Clear Weakness

• The Falling Window Breakout of a Support

The Bull Line Trade with ADX

• The Rising Window Confirmed by the Rising ADX

• The Strong Bullish Momentum

• The Crucial Importance of Few Windows on a Chart

• The Rising Momentum

• The Decisive Upside Push

The Bear Line Trade with ADX

• Following Along with the ADX Strength

• The Hidden Trading Opportunity

• You Will Miss Some Great Opportunities

• Choosing the Correct Falling Window

• Riding the ADX

Timing the Exit of a Position

• The Logic Behind the Early Full Exit

• Respecting the Signal by the ADX

• Save Time with the ADX Warning

• The Major Trend has Stumbled

• The ADX Downtick at the Doji

The Sleeping Giant

• Wait for the Trend to Emerge

• The ADX Crossing the 20 Level

• Exit Using the Candle Patterns

• No Signal to Trade

• The Correct Positioning of the Stop Loss Level

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.