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Level 4 - Japanese Candlesticks Trading Mastery Program
Rating: 4.7 out of 5(198 ratings)
1,673 students

Level 4 - Japanese Candlesticks Trading Mastery Program

Learn to Set Price Targets with Box Ranges, Fibonacci & Moving Averages. Avoid Market Traps & Read Charts Like a Book.
Last updated 9/2024
English
English [Auto],

What you'll learn

  • Learn How to Set Price Targets by Combining Candlesticks with Box Range Breakouts
  • Understand Why You Can't Ignore "The Hanging Man & The Inverted Hammer" Patterns While You are in a Trade
  • Learn How to Avoid Market Traps simply by taking Obvious Clues from the Market using Candlesticks
  • Understand How to Fluently Start Reading Candle Charts Like a Book
  • Find out How to Set Price Targets Using Candlesticks along with a Combination of Moving Averages
  • Learn How to Set Price Targets Precisely Using Candlesticks with the Fibonacci Levels

Course content

7 sections139 lectures8h 17m total length
  • Introduction - Candlesticks with Price Targets from Box Range Breakouts0:31

    Learn to identify price targets with box range breakouts, recognizing candlesticks as a tool, not a target method, and apply western technical tools for precise targets.

  • Bullish Breakout8:14

    Learn bullish box range breakouts to derive precise price targets from box height, using candlesticks for entries and recognizing energy release across time frames.

  • Bearish Breakout5:37

    Explore bearish breakout patterns within a multi-year box range, using the bearish engulfing pattern as resistance, with stop-loss and targets to capitalize on a continuation downtrend.

  • Bullish Breakout Implication5:09

    Apply box range analysis on intraday five-minute charts and other time frames to spot bullish breakouts, project targets from box-line distances, and manage risk with disciplined stops and candle monitoring.

  • The Problem with Bullish Breakouts6:01

    Bullish breakouts can fail before targets; always use a stop loss within box ranges, as resistance often becomes new support, with piercing patterns guiding entry and a 2:1 reward-to-risk.

  • The Precision of Box Range Breakouts2:51

    Illustrates box range breakouts with a precise target on a daily Bajaj Finance chart, showing how a down side window acts as resistance and a hammer as support. Explains why despite hitting the target, no trade would be taken here, as the setup lacks a valid entry.

  • Box Ranges - Important Principle2:10

    Observe how price moves in a box range after an uptrend, then breaks out toward a projected target. Place a stop-loss below the range and watch for resistance not forming.

  • Bearish Breakout of Hammer's Support2:42

    Analyze a weekly chart box range with hammer support and a bearish breakout, place a stop loss above the candle height, and target the third line for a 2:1 risk-reward.

  • Shooting Star Resistance Breakout2:46

    Explore a shooting star resistance breakout within a box range, enter long with a stop below breakout low, target price levels, and use new resistance-turned-support to manage risk and exits.

  • Rising Window Strong Bullish Breakout2:27

    Explore rising window bullish breakout on a 30-minute chart, using bullish engulfing, drawing support and resistance, and managing risk with a stop below the window and a small initial entry.

  • Bearish Breakout with a Falling Window2:25

    Bearish breakout with a falling window from a box range signals a short entry, with a stop above the window highs and a small position due to a poor reward-to-risk.

  • Bullish Breakout in the Same Direction as Long Term Trend1:56

    Show a bullish breakout aligned with the long term trend using daily bullish engulfing patterns within a box range, with a tight stop and target, exiting on bearish harami signals.

  • Trade Entry at Bullish Breakout2:32

    Identify an hourly intraday breakout with a morning star and shooting star. Enter on the bullish candle, set a stop below the low, and project the target.

  • Trade Entry at Bearish Breakout2:25

    Identify a box range on the 30-minute BHL chart, then enter a bearish breakout short with a stop above the breakout candle and manage risk around support levels.

  • Stop Loss Placement at Bearish Breakout1:42
  • Stop Loss Placement at Bullish Breakout3:12

    Analyze monthly candlestick patterns, including dark cloud cover, bullish engulfing, and bull harami within a boxed range, to identify breakout entries and disciplined stop-loss placements for big moves.

  • Perfect Exit Point Before Price Target3:16

    Use bull harami and falling window observations to spot a breakout. Take a small short position with a precise exit at the target, as old support becomes new resistance.

  • Adapting to Changing Market Situation2:16

    Adapt to changing market situations in Japanese candlesticks trading by using patterns like bullish and piercing patterns, identify support and resistance, breakouts, falling windows, and manage short trades with stops.

  • Bullish Breakout with Poor Reward to Risk1:56

    Identify a bullish breakout from a box range on Hindalco’s hourly chart, estimate the price target, and accept a poor reward-to-risk by taking a tiny position to test follow-through.

  • Poor Reward to Risk at Bullish Breakout2:34

    Analyze an intraday hourly chart to identify rising window and hammer, watch for shooting star and bearish engulfing signals, and caution on poor reward to risk despite entry and target.

  • Reward to Risk Management at Breakout5:13

    Learn to manage reward-to-risk during breakouts by using box ranges to set entry, stop loss, and targets; understand how support can become resistance and apply concise intraday trade rules.

  • Next Steps0:20
  • Quiz Questions
  • Download the Presentation

Requirements

  • You must Complete Level 1, 2 & 3 of my Japanese Candlesticks Trading Mastery Program
  • 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

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

The Following Topics are Covered in this Course : 

Candlesticks with Price Targets from Box Range Breakouts (20 Videos) 

  • Bullish Breakout

  • Bearish Breakout

  • Bullish Breakout Implication

  • The Problem with Bullish Breakouts

  • The Precision of Box Range Breakouts

  • Box Ranges - Important Principle

  • Bearish Breakout of Hammer's Support

  • Shooting Star Resistance Breakout

  • Rising Window Strong Bullish Breakout

  • Bearish Breakout with a Falling Window

  • Bullish Breakout in the Same Direction as Long Term Trend

  • Trade Entry at Bullish Breakout

  • Trade Entry at Bearish Breakout

  • Stop Loss Placement at Bearish Breakout

  • Stop Loss Placement at Bullish Breakout

  • Perfect Exit Point Before Price Target

  • Adapting to Changing Market Situation

  • Bullish Breakout with Poor Reward to Risk

  • Poor Reward to Risk at Bullish Breakout

  • Reward to Risk Management at Breakout

The Hanging Man & The Inverted Hammer (20 Videos)

  • The Hanging Man

  • The Hanging Man & The Doji

  • Not a Hanging Man

  • The Perfect Hanging Man

  • The Hanging Man Like Candle in a Range

  • No Confirmation After a Hanging Man

  • A White Candle After a Hanging Man

  • The Hanging Man After a Shooting Star

  • Stop Loss Placement with a Hanging Man

  • Poor Reward to Risk After a Hanging Man

  • An Inverted Hammer with a Bullish Confirmation

  • An Inverted Hammer that Failed

  • Not a Inverted Hammer

  • An Inverted Hammer Confirming Prior Support

  • The Inverted Hammer without a Confirmation

  • The Inverted Hammer & a Bull Harami

  • The Inverted Hammer & The Hammer

  • The High Probability Inverted Hammer

  • Poor Reward to Risk at the Inverted Hammer

  • The High Reward to Risk Inverted Hammer

Using Candlesticks to Avoid Market Traps (20 Videos) 

  • Skip this Bearish Engulfing Pattern

  • Avoiding Obvious Traps

  • Skip this Piercing Pattern

  • Watch out for this Falling Window

  • Skip this Bullish Engulfing Pattern

  • Ignore this Strong Bullish Box Range Breakout

  • Skip this Dark Cloud Cover

  • Look out for Obvious Red Flags

  • The Confirmation after a Inverted Hammer

  • Don’t Go Short Here

  • Frequent Mistake by Traders

  • Don’t Overthink Your Trades

  • Don’t Go Short Near Potential Support

  • Ignore Such Hammers

  • A Gravestone Doji After a Rising Window

  • The Classic Hammer Trap

  • Exit on Time

  • Not Reading the Market Correctly

  • Ignoring the Market's Obvious Message

  • Ignoring Strong Signals from Weaker Patterns

Fluently Reading Candle Charts Like a Book (20 Videos) 

  • Downfall Indications

  • Very Strong Resistance Build Up

  • The Power of a Shooting Star

  • The Falling Window Confirmation

  • A Strong Support Build Up

  • The Massive Rising Window

  • The Dark Clouds

  • The Falling Window Effect

  • The Appearance of a Hammer

  • Price Struck in a Range

  • The Rocketing Prices

  • The Power of a Bearish Engulfing Pattern

  • The Box Range at the Top

  • A Powerful Round Number

  • Watch out for Old Resistance

  • The Potential Energy in a Box Range

  • The Falling Bluechip

  • Confusion with a High Wave Candle

  • The Relief at a Bull Harami

  • The Price Approaching Strong Support

Candlesticks & Price Targets with Moving Averages (20 Videos) 

  • Why Moving Averages

  • A Spectacular Rally Tracked by the Moving Averages

  • The Challenge with Moving Averages

  • The Hammer & The Moving Averages

  • The Shooting Star & The Moving Averages

  • The Bullish Engulfing Pattern & The Moving Averages

  • The Challenge While Riding Profits

  • The Bearish Engulfing Pattern & The Moving Averages

  • The Piercing Pattern & The Moving Averages

  • The Dark Cloud Cover & The Moving Averages

  • The Inverted Hammer & The Moving Averages

  • A Minor Position at a Series of Inverted Hammers

  • The Hanging Man & The Moving Averages

  • The Bull Harami at the Support Area

  • From Lower Lows to Higher Low

  • From Higher Highs to Lower High

  • The Rally from a Strong Support Area

  • Market Clues in a Downtrend

  • Skip This Trade

  • Monitor Your Positions

Candlesticks & Price Targets with Fibonacci Levels (20 Videos) 

  • Fibonacci on the Hammer

  • Fibonacci on the Bullish Engulfing Pattern

  • The Challenge with Fibonacci Entry Level

  • The Risk with Fibonacci Levels

  • Shooting Star with Fibonacci Entry & Exits

  • Always Maintain a Stop Loss

  • The Precision of Fibonacci Levels

  • Fibonacci on the Bearish Engulfing Pattern

  • The Missed Fibonacci Order

  • Fibonacci with the Piercing Pattern

  • Fibonacci on the Dark Cloud Cover

  • Fibonacci & The Variation of the Dark Cloud Cover

  • The Hanging Man & The Fibonacci Levels

  • The Missed Opportunity

  • Fibonacci on Monthly Timeframe

  • Managing the Fibonacci Position

  • A Trade to Avoid

  • Falling Window & Fibonacci Levels

  • Candles Confluence with Fibonacci Levels

  • Fibonacci at a Multi Tested Support 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.

Who this course is for:

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