Udemy
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
Turn what you know into an opportunity and reach millions around the world.
Learn More
Your cart is empty.
Keep shopping
Level 17 - Japanese Candlesticks Trading Mastery Program
Rating: 4.5 out of 5(17 ratings)
249 students
Last updated 9/2024
English

What you'll learn

  • Understanding Fibonacci Shallow Retracements
  • Understanding Fibonacci Deep Retracements
  • Setting Precise Profit Targets with Fibonacci Levels
  • How to Trade the Fibonacci Shallow Retracements Aggressively
  • How to Trade the Fibonacci Shallow Retracements Conservatively
  • How to Trade the Fibonacci Shallow Retracements Super Conservatively
  • How to Trade the Fibonacci Deep Retracements
  • Combining Fibonacci Levels with Simple Moving Averages
  • Combining Fibonacci Levels with Moving Average Crossovers

Course content

12 sections55 lectures2h 46m total length
  • Fibonacci & Shallow Retracements8:23

    Explore fibonacci levels on daily charts to classify retracements as shallow (0%–38.2%) or deep (38.2%–100%), using A, B, and C to gauge trend strength.

  • Retracement at the 38.2% Level6:48

    Explore how Fibonacci levels and Japanese candlesticks reveal a 38.2% retracement that signals a continuation trade, confirmed by shallow retracements and weekly–daily trend alignment using Bollinger bands.

  • Retracement in an Uptrend7:01

    Study retracements in an uptrend using the 38.2% level, distinguishing shallow (open below but closes above) from deep retracements, and align trades with the weekly trend and Bollinger middle band.

  • The High Wave Candle at the 38.2% Level5:34

    Identify a 38.2% retracement in an uptrend using the high wave candle and Fibonacci levels, noting points A, B, and C and the shallow retracement signaling strength.

  • A Retracement That Didn’t Work3:33

    Fibonacci retracement levels won't work all the time, but they work most of the time; use precise entry, stop loss, and position size to manage risk in a downtrend.

  • This is Not a Shallow Retracement4:48

    Explore how precise fibonacci retracements distinguish shallow from deep retracements using A, B, C points, a close above 38.2%, and weekly chart guided long-term trend rules via triple screen.

Requirements

  • You must have the Willingness to Learn & Study
  • You must have an Open Mind to New Concepts
  • You must be Willing to Question Your Existing Beliefs About the Markets & Candle Patterns
  • You must preferably do Level 1 to 16 of my Japanese Candlesticks Trading Mastery Program

Description

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, we will look at an extremely important and a very valuable trading tool called as the Fibonacci.

I will not go into the theory or the mathematics behind the Fibonacci Levels.

We will directly go to its practical application on the charts.

In this course, you will learn how to combine your candlesticks knowledge with Fibonacci Levels.

These levels are important because they give us precise entry, exit, and stop loss points on the chart.

I touched upon Fibonacci in Level 4. That was very brief.

But this course is going to be a deep dive into the Fibonacci.

Fibonacci sounds very mathematical and complicated, but it’s not.

I will make it easy for you to apply on the charts.

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

Shallow Retracements

  • Fibonacci & Shallow Retracements

  • Retracement at the 38.2% Level

  • Retracement in an Uptrend

  • The High Wave Candle at the 38.2% Level

  • A Retracement That Didn’t Work

  • This is Not a Shallow Retracement

Deep Retracements

  • Fibonacci & Deep Retracements

  • The Hammer at the 61.8% Level

  • The Hanging Man at the 50% Level

  • The Dark Cloud Cover at the 61.8% Level

  • The Bearish Engulfing Pattern at the 78.6% Level

  • The Upper Shadows at the 50% Level

Profit Targets with Fibonacci

  • Fibonacci Based Profit Targets

  • The Rising Window at the 61.8% Level

  • The First Target Level

  • Profit Target for a Deep Retracement

  • Profit Target for a Shallow Retracement

  • Watch the Target Levels 

Trading the Shallow Retracements Aggressively

  • Trading the Shallow Retracements Aggressively

  • The Risky Trade

  • The Bullish Engulfing Pattern at the 38.2% Level

  • The Time Factor in Targets

  • Waiting for a Confirmation

  • Trade Not Allowed Since It’s a Deep Retracement

Trading the Shallow Retracements Conservatively

  • Trading the Shallow Retracements Conservatively

  • Waiting for a Breakout

  • Deep Retracement Trade Not Allowed

  • Very Shallow Retracement

  • The Long Bearish Candle Breakout

  • Price Consolidation 

Trading the Shallow Retracements Super Conservatively

  • Trading the Shallow Retracements Super Conservatively

  • Wait for a Test of the Breakout Level

  • Price Closes Above a Key Level

  • The Bull Separating Line

  • The Precision of Japanese Candlesticks

  • Change of Polarity at the 38.2% Level

Deep Retracements Trading

  • Understanding Deep Retracements Trading

  • Trading at the 61.8% Level

  • Trading the Close Below the 61.8% Level

  • The Bearish Engulfing Pattern at the 61.8% Level

  • Reward to Risk Ratio

  • Watch the Fibonacci Levels Carefully

Fibonacci & Moving Averages

  • The Doji Candle

  • Failure to Close Above SMA

  • The Shooting Star Like Candle

  • Waiting for Confirmation

  • The Resilience of the SMA

Fibonacci & Crossovers

  • Wait for the Crossover

  • The Confirmation from the Crossover

  • Watch the Prices Closely

  • The Importance of Timing

  • The Power of the Crossovers

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

  • American Stocks

  • Japanese Stocks

  • Chinese Stocks

  • 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.

Who this course is for:

  • Salaried Professionals
  • Doctors
  • Lawyers
  • Entrepreneurs
  • Retirees
  • Students
  • Home Makers