
Learn a disciplined trading system using candlesticks with three indicators—Bollinger bands, RSI, and ADX—to filter trades, confirm entries, and follow strong trends; optionally add the ten-day moving average.
Explore trading psychology, method, and money management through key book recommendations. Then preview integrating adx with bollinger bands, rsi, and candlesticks.
Master the basics of the ADX and DMI lines—bull, bear, and ADX—using fixed 14-period settings, and see how they filter trends alongside Bollinger bands on TradingView.
Identify market domination with the green and red directional movement lines to see whether bulls or bears lead, then trade long or do nothing, or reverse with position size.
Identify market power shifts through green and red line crossovers, signaling bulls or bears dominance. Combine candlesticks with RSI, ADX, Bollinger bands, and moving averages to confirm entries.
Discover how the adx reveals overheated markets and potential reversal signals in uptrends and downtrends. Understand why overheated conditions are not trading signals.
Spot a sleepy market when price trades in a range and the ADX is below both lines, signaling trendlessness and whipsaw risk; use ADX for higher-probability trades.
Use the key ADX level as a filter to avoid weak markets. When ADX is below 20, skip trend-following setups and rely on Bollinger bands, RSI, and divergence for confirmations.
Identify trade setups using candles, Bollinger bands, and a ten-day moving average. Apply the ADX as a filter to distinguish trending, sleepy, and overheated markets.
Learn to use the ADX as a filter for RSI bullish divergences, entering long on reversal trades only when the ADX slope signals a weakening downtrend, while ignoring ADX level.
Discover how the ADX filter signals weakening trends and supports reversal setups, as RSI divergences, bullish candlestick patterns, and price tests align to favor an up move.
Explore how to spot bottom variations on a copper daily chart using ADX, RSI, and Bollinger bands, identify bullish divergence, and assess trend strength for informed entries with reward-to-risk.
Identify the correct bottom using the ADX filter alongside RSI divergence and a W bottom; avoid longs when ADX rises with bears, and seek opportunity as ADX falls.
Explore bullish divergences on a Nasdaq daily chart using ADX as a filter, and confirm reversals with rising window, RSI bullish divergences, and Bollinger bands signals.
Explore bearish divergences on RSI with a falling ADX, and confirm short setups using two hanging man candles and a candle close below the close of the hanging man candle.
Identify a short setup on a daily lupin chart as a falling window coincides with a declining adx, with rsi divergence and a weakening uptrend confirming the trade.
In this daily Disney chart, a bearish divergence with RSI and a declining ADX precede a bearish engulfing pattern, while a rising window is broken, signaling stronger bears.
Identify bearish signals on a daily chart: shooting star, falling window, RSI divergence, bearish engulfing and hanging man patterns, with ADX decline and Bollinger cues for short entries.
Spot bearish signals via RSI divergence, declining ADX, and a star at the top; confirm with a long black body and bearish engulfing for a short entry.
Identify bullish pullback trades using Bollinger bands and a rising ADX, confirming with a rising ten day simple moving average; catch continuation moves in a strong uptrend.
Spot the uptrend when the upper Bollinger band turns up. Confirm with a test of the 10-day SMA, rising moving averages, and rising ADX for a strong continuation trade.
Adapt to market conditions by evaluating upper band trends, ten-day simple moving average tests, and ADX signals, then apply partial exits and stop-loss adjustments to manage trades.
Master the no brainer trade setup on a daily chart using Bollinger bands, ADX above 20, and an upsloping middle band to confirm a continuation uptrend.
Learn to let go of trades when the adx is above 50 but sloping down, using adx as a filter alongside bollinger bands.
Identify bearish pullback trades using Bollinger bands and a rising ADX above 20 to confirm downtrends. The Nvidia chart demonstrates testing the middle band and entering on a red candle.
Analyze a daily Mercedes chart to identify a falling window continuation and a bearish pullback using Bollinger bands, ADX, the three-candle rule, and candle patterns.
Apply the ADX as a filtering criterion to validate trend strength, avoid taking shorts when bulls gain power, and set stops using the middle band and falling window.
Skip 40+ adx trades when the adx slopes down, signaling a weakening downtrend and conflicting signals; follow Wilder's criteria and pursue only high-probability setups.
Learn to set stop losses in a downtrend using adx above 20, bear dominance, and band-based levels (high, middle, upper) for reliable continuation trades.
Identify price and RSI breakouts guarded by the ADX filter to enter reversal trades as the ADX declines, signaling a weakening downtrend and rising bullish strength.
Take a long on a high wave green candle breakout with price trend line and RSI breakout as ADX declines; set a stop loss using candle low or Bollinger bands.
Spot a tall green real body on a Dow chart and confirm breakouts with RSI crossing trend lines, using the midpoint as a stop and watching ADX for trend weakening.
Identify the end of a downtrend via a price breakout above a trend line, a bullish engulfing pattern, and RSI breakout, with ADX weakening signaling bulls.
The lecture explains price confirmation of a piercing pattern on a daily aud/usd chart, noting price and RSI breakouts, a declining adx, and the confirming green candle.
Explore the downside breakout of a multi-tested uptrend using RSI and the declining ADX slope, focusing on window confirmations, overheated market signals, and a conservative stop-loss.
Spot the death blow breakout on Citigroup's daily chart: a decisive candle after small candles. Use rsi, adx decline, and a crossover to enter short with a stop.
Master the correct angle of a price trendline by selecting key candle lows to cover price action, validating tests with closes, and applying RSI, ADX, Bollinger bands.
Learn how the tall red or long black real body candle signals a trend line breakout, with the high becoming potential resistance, and manage a short trade using Bollinger bands.
Spot the decisive candle, a death blow with a long red or black body signaling resistance after a price trend line breakout, and go short via RSI and ADX.
Explore price upside breakouts as a simple trade setup filtered by ADX. A breakout candle breaches resistance, RSI rises toward 70, and ADX slope above 20 confirms a strengthening uptrend.
Identify a breakout with non-confirmation from adx, noting dark cloud cover, tweezer stop variation, rising rsi near 70, and rising 20-day ma, but skip if adx remains below 20.
Learn to identify a strong up move on a daily chart via breakout above resistance, rising window, RSI above 70, and ADX above 20, signaling a bullish long entry.
Observe a breakout after a long consolidation on the USD/CAD daily chart, with RSI rising from near 30 to 70 and ADX confirming strength above 20 as price breaks resistance.
Explore how ADX strength signals price upside breakouts on daily charts, with RSI near 70, as price breaks resistance and ADX rises above 20 with a rising slope.
Trade the downside breakout continuation setup using RSI weakness and a rising ADX above 20, confirmed by a break of support on a shaven head shaven bottom candle.
The daily us franc shows a downside breakout with a falling adx, signaling a weakening downtrend, while breakout RSI weakness suggests avoiding shorts and following rules.
Identify a rising ADX at a downside breakout, supported by RSI weakness and a downtrend confirmed by the middle band slope (20-day SMA). Apply ADX timing for full exits.
Identify the downside breakout with bearish confirmations using RSI, ADX, and Bollinger bands; determine entry, stop loss, and risk per trade for a bear move.
Identify a falling window breakout below a support line with bearish indicators—RSI under 50, ADX rising, and a dumpling-top like pattern—confirming a downtrend and inviting a window-based stop loss.
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 Part-time Research Analyst (Registration No. INH000022279) registered under the SEBI (Research Analysts) Regulations, 2014, and supervised by the BSE Research Analyst Administration and Supervisory Body (RAASB). All content shared by me across my digital platforms 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 publish research reports, and I do not make buy/sell or price-target recommendations. My content is limited to an educational purpose only and does not constitute a research service or any other activity regulated by SEBI under my Research Analyst registration. Any securities or instruments referenced are used purely for education, analysis, and illustration and must not be construed as a solicitation, recommendation, or advice to buy, sell, or hold. Investing and trading in securities involve significant risk, and past performance is not indicative of future results. Please conduct your own due diligence or consult a qualified, appropriately registered financial adviser 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 am not affiliated with him or his website in any way.