Level 14 - 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

In this course, my goal is to teach you every aspect of the windows.

The 'window' is my favorite candlestick pattern for 3 reasons: 

1) Its simple

2) Its effective

3) Its very powerful

Here is the general flow of this course:

• In the first two sections, you will learn what happens after a window is formed. In the candlesticks terminology, every candle represents a battle between the bulls and the bears. Hence, in the first 2 sections, we will closely observe the battle between the bulls and the bears that takes place after the rising / falling window. The result of this battle gives us an idea of the probable direction of the market.

• In this course, I will give you a general framework to master the windows, so that you don't have to memorize the individual situations presented in this course. This framework will simplify the windows for you.

• In the next two sections, you will learn the importance of windows that show up after a period of consolidation in the market. The longer the period of consolidation, the more powerful is going to be the window. We will look at multiple chart examples in each section of this course.

• There is something about two small white candles that appear the rising or the falling window. I will teach you how to analyze that situation. That is exactly what you will learn in section 5 & 6.

• In level 2, I had made a quick mention of the dumpling tops and the frypan bottoms. In section 7 and 8, we will dive into the details of the dumpling tops and frypan bottoms. Both of these are reversal patterns containing the windows. However, please keep in mind that, windows in general are continuation patterns.

• We will end the course with multiple chart examples of windows that need to be analysed in the context of the current market situation. Just because you see a window on the chart, does not mean that you have to trade it. We will look at specific examples of this. It will keep you away from bad trades.

Following are the sections and the sub-topics in this course: 

The Battle after the Rising Window

• The 2 Spinning Tops After a Rising Window

• The Correct Placement of Stop Loss Level

• The Challenge with a Large Rising Window

• The Importance of Reward to Risk with Windows

• Pay Attention to the Range of Candles

The Battle after the Falling Window

• The Ideal Scenario

• The Large Falling Window

• The Break of a Rising Window

• The Congestion Band

• The Tiny Real Bodies

The Rising Window after a Brief Consolidation

• The Classic Case of Consolidation

• The Variation of a Consolidation Pattern

• The Importance of Small Real Bodies

• The Break of Resistance

• The Consolidation Near the Candle High

The Falling Window after a Brief Consolidation

• The Long Consolidation

• Pay Attention to the Shadows

• Correctly Spotting the Consolidation

• Careful Observation of Charts for Windows

• The Poor Reward to Risk Trade

The White Candle after the Rising Window

• The Twins

• The Rounding Bottom

• Rising Window & 2 Spinning Tops

• A Rising Window Inside a Consolidation

• The Rising Window Breakout

The White Candle after the Falling Window

• The 2 Spinning Tops After a Falling Window

• The Perfect Test of the Falling Window

• The 2 White Candles After a Falling Window

• The Twin White Candles After the Falling Window

• The Falling Window at the Top

The Dumpling Top

• The 2 Black Candles Creating a Dumpling Top

• The Variation of a Dumpling Top

• The Formation of a Dumpling Top

• This is Not a Dumpling Top

• The Correct Identification of a Dumpling Top

The Frypan Bottom

• The Formation of a Frypan Bottom

• The Frypan Bottom & Reward to Risk

• The 2 White Candles Creating a Frypan Bottom

• The Variation of a Frypan Bottom

• The Doji Forming a Frypan Bottom

Windows & Market Context

• An Unusual Frypan Bottom

• The Unusually Tall Black Candle

• Windows All Over the Place

• Ideal Scenario Vs Variation

• The Failure of the Doji

• Pay Attention to an Island Like Formation

• The Unusually Tall White Candle

• The Shift in Price Band

• The Power of a Window

• Spot the Window That Matters

Following is the universe of markets from which the charts for this course were chosen:

• American Stocks

• Japanese Stocks

• Commodities

• European Stocks

• Indian Stocks

• Global Indices

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.