
My story with Japanese candlestick patterns and an introduction to the course.
Just some details on the order of lectures and structure of the course.
Legal disclaimer
A beginners introduction to Japanese candlestick chart patters. What they are and how they are built.
What makes up the Japanese candlestick chart and introduction to the simple candlestick patterns.
Some history behind the candlestick. Who was Munehisa Homma?
Information about how we will set up the test environment in order to test the power of the candlestick patterns.
We will conduct two different tests and we will present the data in tables so you can see how each candlestick pattern performs on the data.
We introduce the hanging man, how it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the hammer candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the inverted hammer candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the shooting star candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the morning star candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the evening star candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the gravestone doji pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the dragonfly doji candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the bullish kicker candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the bearish kicker candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the bullish engulfing candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the bearish engulfing candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the bullish harami candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the bearish harami candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the bullish spinning top candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the bearish spinning top candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the bullish abandoned baby candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the bearish abandoned baby candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the three white soldiers candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the three black crows candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the three line strike candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the peircing line candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the dark cloud cover candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the tweezer top candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the tweezer bottom candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
We introduce the loose kicker candlestick pattern. How it is used and what it means. Then we test the pattern on historical data – 21 different futures and forex pairs and then 100+ US stocks are analysed to see how powerful this pattern really is.
Some observations and conclusions. What we have learnt so far.
A quick clip showing the best candlestick pattern of them all.
The big table of results showing average profit or loss for each candlestick pattern.
Our analysis shows that by incorporating volume into the trading rules it is possible to increase the profit potential of the bullish engulfing pattern and this has implications for other candle patterns too.
Our analysis shows that by incorporating RSI into the trading rules it is possible to increase the profit potential of the piercing line pattern and this has implications for other candle patterns too.
Our analysis shows that by incorporating exponential moving averages into the trading rules it is possible to increase the profit potential of the hammer candlestick pattern and this has implications for other candle patterns too.
In this lecture I use the analysis that we have shown so far to come up with a unique and complete trading strategy for stocks. This is simulated using Amibroker and back-test on data between 2000-2015 with profitable results.
In this article I give a round-up of my top tips for trading candlesticks based on the analysis presented on the course.
Although we are near the finish, this course doesn't end here. I intend to keep researching candlestick patterns and when I find something interesting I will update the course.
This lecture contains the candlestick poster/ cheat sheet to go along with the course.
This lecture contains the Amibroker exploration code that will allow you to scan your own watchlists for the candlestick patterns as they have been designed for this course.
Candlesticks eBook to go along with the course containing the course script and tables of results.
A list of other useful sources of information and books about Japanese candlesticks.
For the first time, a course that reveals the historical performance of all the classic Japanese candlestick patterns.
Candlestick charts are the number one way to present financial price data. I love them because they allow me to quickly and easily visualise the market and analyse recent price action before placing a trade.
Whether it’s in a particular stock, a currency pair, or a commodity, once you know how to read candlestick charts you can very quickly gauge strength or weakness in the market of your choice.
Now, candlestick charts have been around for centuries and there are numerous books and courses that detail specific candlestick patterns. Patterns such as the shooting star, the Doji and the Hammer.
However, most of these books and courses fail to address just how good these patterns really are.
On this course, not only will I teach you all about Japanese candlestick charts and how to find the most popular candlestick patterns, but I will show you the historical performance of 25 of the best patterns.
In other words, I’m going to show you which candlestick patterns are the best and which ones you should pay attention to in your trading. And I'm going to show you which ones you should simply ignore.
I’ve analysed 21 different futures and forex markets, over 100 stocks and I’ve made thousands of historical trades to see which patterns produce the most profitable results. And the results are indeed surprising.
In fact, the results suggest that some patterns are not profitable at all and I present the results clearly for you to see.
However, the results also reveal that one specific candlestick pattern is better than every other candlestick pattern that I tested.
On this course, you’ll learn precisely which candlestick pattern that is.
You’re also going to learn how to spot the candlestick patterns and how to incorporate them into your own trading and investing. Then, I put what we’ve learnt into action when I build a fully fledged trading system based on the best patterns found.
But that’s not all you're going to get.
Because, when you take the course today, you’ll also receive a number of bonuses.
Bonus 1: you'll get the A3 candlestick cheat sheet so you can quickly locate candlestick patterns by eye. You can even print this out and stick in on the wall if you want to.
Bonus 2: you’re going to get access to the accompanying eBook and all the tables of results.
Bonus 3: you’re going to receive the formulas that I used to code up each candlestick pattern. If you have the back-testing program Amibroker, you’ll be able to use this code to run an exploration and scan for the latest candlestick signals on your own machine.
So, if you want to learn how the professionals use financial charts and you want to take your candlestick trading to another level, just click take this course now and let’s get started learning about Japanese Candlesticks.
All the best of luck with your own trading and learning.