Introduction To Japanese Candlesticks

Learn stock market trading using candlestick, technical and volume analysis for stock trading, swing trading, investing

Last updated 2022-01-10 | 4.6

- Master chart reading
- Japanese candlesticks and technical patterns
- Build a solid candlestick and technical analysis foundation for trading stocks
- forex
- options
- etfs
- cryptos
- Learn to use multiple time frames for accurately and effectively time your entry and exit strategy

What you'll learn

Master chart reading

Japanese candlesticks and technical patterns

Build a solid candlestick and technical analysis foundation for trading stocks

forex

options

etfs

cryptos

Learn to use multiple time frames for accurately and effectively time your entry and exit strategy

Learn to draw lines of support and resistance to locate entry and exit areas

Understand the effects that emotions have when trading

and how the can emotions can positively or negatively affect your trading plan

Understand the driving force of the market

Learn the basics of market strategies (bullish

bearish and sideways)

Identify and trade bullish candlestick patterns

Identify and trade bearish candlestick patterns

Manage trades correctly using support and resistance levels

Understand correct risk and reward ratio

position size

stop losses and targets

How to trade with Moving Averages

How to trade with Stochastics and RSI using overbought and oversold conditions

* Requirements

* Everyone is welcome
* Desire to learn
* A computer or tablet to watch the videos
* Pen and paper for taking notes
* Nothing else is needed
* everything you need to learn to how to trade in the stock market is included in the course

Description

Master chart reading, Japanese candlesticks and technical patterns
Build a solid candlestick and technical analysis foundation for trading stocks, forex, options, etfs, cryptos
Learn to use multiple time frames for accurately and effectively time your entry and exit strategy
Learn to draw lines of support and resistance to locate entry and exit areas
Understand the effects that emotions have when trading, and how the can emotions can positively or negatively affect your trading plan
Understand the driving force of the market
Learn the basics of market strategies (bullish, bearish and sideways)
Identify and trade bullish candlestick patterns
Identify and trade bearish candlestick patterns
Manage trades correctly using support and resistance levels
Understand correct risk and reward ratio, position size, stop losses and targets
How to trade with Moving Averages
How to trade with Stochastics and RSI using overbought and oversold conditions

Course content

15 sections • 68 lectures

Stock Market Trading: Introduction to Reading Trading Charts 9 lectures

Introduction Preview 02:13

Introduction to Japanese Candlesticks Preview 03:30

Japanese candlesticks have been used by Japanese rice traders since the 1700s. The father of Japanese candlesticks, Munehisa Homma, a rice trader from Sakata (Japan), developed this method of reading charts that was unique and incredibly successful. It was so successful that made Homma and those who followed his method, legendarily wealthy. In the 1800s the system was further refined and improved. 300 years later, candlestick charts are still used from traders and investors around the world.

Line Charts Preview 01:24

Line charts are the most basic and the most common charts used by everyday people. Examples of line charts are electric and gas usage bills as well as phone minute usage bills, etc. Although the line chart is useful to visually recognize the general price trend, the information provided by the line chart is limited.

Bar Chart Preview 01:25

The bar chart is the most commonly used chart by traders and investors around the world. The bar chart displays a series of vertical lines and horizontal dashes. The four important price values (open, high, low, close) are displayed, which makes bar charts very useful for trading.

Candlestick Charts Preview 02:46

Candlestick charts are similar to the bar charts as they both display the complete trading range by showing the four important price values: open, high, low, close (OHLC). The main difference is in the body of the chart. The size and the color of the body, and the length of the shadows (vertical lines above and below the body) reveal very important information regarding the current market direction, possible market reversals and the strength of future price movements.

Benefits of Candlestick Charts Preview 02:52

The visual illustration of candlestick charts gives investors and traders an advantage over traditional western methods of trading.

SPECIAL GIFT Coming Your Way When You Complete This Course Preview 00:30

We Are Here to Help! Preview 00:28

We are here to help and answer your questions related to the course.

We encourage you to post them in the discussion session so that everyone can benefit from it.

Exercise: Introduce Yourself to the Class Preview 00:28

The Driving Force of Influencing the Stock Market 4 lectures

Supply and Demand Preview 05:18

What makes the price of stocks or any other trading security go up and down? Supply and demand. Supply and demand is the foundation of market economy. Supply is the quantity of stock (or trading securities) offered in the market place and represents the sellers. Demand is the quantity of a stock (or trading securities). Sellers and buyers are the yin and yang of the market.

Support and Resistance Preview 03:21

In this lesson we will talk about support and resistance.

The equation of demand and supply, the battle between bulls and bears, is what creates the market. When the bulls are in control, demand and consequentially price, increases. When the bears are in control, supply and consequentially price, decreases.

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How to Draw Lines of Support and Resistance Preview 02:49

In this lesson we will talk about how to identify and draw lines of support and resistance.

Lateral lines of support and resistance can be drawn using any interval of time (5 min chart, 10 min chart, hourly, daily, weekly and monthly). The time frame to choose depends on whether you are a day trader, a swing trader or an investor. Generally, daily charts, and at times weekly or monthly charts, are most useful when looking at support and resistance.

Learning, Practicing and Trading Preview 02:05

Indicators 5 lectures

Moving Averages: Key Indicator Preview 00:52

Moving averages are price indicators used to find areas of support and resistance

How to Use Multiple Moving Averages Preview 01:32

This video shows your what moving averages to use based on your own trading strategy.

Moving Averages Values Explained Preview 00:08

Overbought and Oversold Preview 01:07

Example of Overbought and Oversold Using Stochastichs Preview 06:35

Emotions and Price 3 lectures

Emotions: the Hidden Ingredient Preview 03:21

The equation of supply and demand, the battle between bears and bulls, is what creates the market. When the bulls are in control, demand and consequentially price, increases. When the bears are in control, supply and consequentially price, decreases. Even though the market equations are made of the two element of supply and demand, there is an additional ingredient that has an even greater influence: investors’ perception and emotions.

Investors’ Sentiment of Emotions and Decision-Making Preview 04:17

The investors’ perception and their optimistic or a pessimistic view of market conditions, stock or any other trading security, is referred to as investors’ sentiment of emotions and decision-making. Investors’ sentiment and more specifically the emotion of fear and greed are the most important elements of the market equation.What indicators or piece of technology are going to be used to determine the dominating investors’ sentiment of emotions and decision-making during a specific period of time? The answer is candlestick reversal and continuation patterns.

BONUS - Read Our Blog, watch FREE Trading Lessons and Join the Conversation Preview 00:35

We share trading insight, trading ideas and trading skills. Join the conversation

Learn to Read Charts: Powerful Bullish Candlestick Patterns - Hammer & Engulfing 7 lectures

Hammer Pattern Preview 02:55

The hammer is essentially a dragonfly doji formation with a slightly bigger body. The hammer patterned is formed when the following two conditions are present:

1) The length of the lower shadow must be at least twice the size of the body of the candle. The longer the shadow, the stronger the potential for a reversal.

2) The perfect hammer has no upper shadow. However, if there is a very small upper shadow above the body of the candle, the formation is still considered a hammer pattern.

Hammer - Trading Research Preview 19:52

In this lesson we look at several charts to see how the hammer gave us the signal when it was time to buy and enter a long position.

Inverted Hammer Preview 03:36

The inverted hammer is basically a gravestone doji formation with a slightly bigger body. The inverted hammer looks exactly as described by its name: an upside down, or inverted, hammer.

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Trading Research - Inverted Hammer Preview 15:49

Engulfing Pattern Preview 01:39

The engulfing pattern usually occurs at the end of a trend. The pattern is made of two candles of opposite colors. Generally the color of the first candle is the same as the color of the current marker direction. The exception to the rule is when the first candle is a doji, in which case the color is irrelevant.

Bullish Engulfing Preview 02:34

The bullish engulfing pattern is formed at the bottom of a downtrend or after a series of red candles.

The pattern is made of two candles:

The first candle of the bullish engulfing pattern should be red, unless the first candle is a doji, in which case the color is irrelevant.
The second candle should be green.
The price of the second candle should open below the closing price of the first candle.
The price of the second candle should close above the opening price of the first candle

Bullish Engulfing - Trading Research Preview 13:59

In this lesson we look at several charts to see how the bullish pattern gave us the signal when it was time to buy and enter a long position.

Read Trading Chart: Powerful Bearish Candlestick Patterns- Engulfing & DarkCloud 9 lectures

Hanging Man Preview 02:50

The bearish version of the hammer is called hanging man. It has the same exact characteristics of the hammer:

The length of the lower shadow must be at least twice the size of the body of the candle. The longer the shadow, the stronger the potential for a reversal.
The perfect hammer has no upper shadow. However, if there is a very small upper shadow above the body of the candle, the formation is still considered a hammer pattern.

Trading Research - Hanging Man Preview 11:22

Bearish Engulfing Preview 02:34

The bearish engulfing pattern is formed at the top of an uptrend or after a series of green candles.

The pattern is made of two candles:

The first candle of the bearish engulfing pattern should be green, unless the first candle is a doji, in which case the color is irrelevant.
The second candle should be red.
The price of the second candle should open above the closing price of the first candle.
The price of the second candle should close below the opening price of the first candle.

Bearish Engulfing - Trading Research Preview 10:52

In this lesson we look at several charts to see how the bearish pattern gave us the signal when it was time to sell and close the position or enter a short position.

Dark Cloud Pattern Preview 02:45

The dark cloud pattern is formed at the top of an uptrend or after a series of green candles.

The pattern is made of two candles of opposite colors:

The first candle of the dark cloud pattern should be green.
The second candle should be red.
The price of the second candle should open above the closing price of the first candle.

The second candle should close more than halfway down the length of the first candle.

Dark Cloud - Trading Research Preview 10:05

In this lesson we look at several charts to see how the bearish pattern gave us the signal when it was time to sell and close the position or enter a short position.

Mid Course Ideas Preview 00:27

Summary Chart Preview 00:04

Exercise: Pick a Stock You Want Me to Comment on Preview 00:22

BONUS SECTION 1_ When to Trade in the Market & What to Trade in the Market 2 lectures

When to Trade and When Not to Trade Preview 01:39

In this lesson we will talk about what the best time to trade and the worst time to trade.

When you know when to trade you can enter and exit positions easily and safely. When you do not know when to trade and you might enter a position during a bad period, then it is more difficult to trade and often times more expansive and costly.

Where to Begin Your Stock Search Preview 02:48

In this lesson we will talk about what stocks are tradable and what stocks are not tradable.

When you know what to trade you can enter and exit positions easily and safely. When you do not know what to trade and you enter a non tradable stock, then it is more difficult to trade and often times more expansive and costly.

BONUS SECTION 2 _ Powerful and Effective Rules of Successful Trading 2 lectures

Rule No 4. - Check Sector and Industry Performance Before Entering a Trade Preview 04:52

In this lesson we will talk about how to use sectors and industry performance to help you pick the most effective trade for the day, week or month.

Rule No. 6 – Do Not Chase Trades: The Market Will Be There Tomorrow Preview 03:35

In this lesson we will talk about a very important rule that we need to pay very close attention if we want to trade successfully.

BONUS 3 - Consolidation and Breakout Patterns 5 lectures

Three Market Directions (or Trends) Preview 02:49

In this lesson we will talk about the thee market directions: uptrend, downtrend and sideways.

An uptrend market is defined by the price of stocks, commodities or any other trading security, moving in a general upward direction. The trend is often marked by price making higher highs (HH) and higher lows (HL). The bulls, the buyers, are in control.

A downtrend market is defined by the price of stocks, commodities or any other trading security, moving in a general downward direction. The trend is often marked by price making lower lows (LL) and lower highs (LH). The bears, the sellers, are in control.

A sideways market is defined by the price of stocks, commodities or any other trading security fluctuating between a narrow range of highs and lows. Neither the bears nor the bulls are in control of the price. It is very difficult to make money during a sideways market

Primary, Intermediate and Short Term Trends Preview 01:55

In this lesson we will talk about the primary trend (long term), intermediate trend term, and short term trend.

Introduction to Consolidation Patterns Preview 03:02

In this lesson we will talk about consolidation patterns.

After a big price move, either to the upside or to the downside, price will tend to stabilize around a certain level. The average price of that particular equity will still fluctuate between highs and lows, but the trading range will be much smaller compared to previous trading periods.

Rectangle (or Platform) Preview 03:08

In this lesson we will talk about rectangles consolidation pattern.

Rectangles are one of the most if not the most profitable consolidation patterns. The price movement within the rectangle has a typical narrow and orderly sideways direction. It indicates that the previous trend is still in place and that price is just simply resting.