Candlesticks Videos

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The speaker talks through a candlestick pattern known as the piercing line, which is a two candle reversal pattern.  The body of the first candle is green while the body of the second candles is white.  The open of the second day gaps lower than the close of the first body but closes well into the middle of the firs

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The speaker discusses several candlestick formations which can lead to reversals in the market.  He covers the spinning top, doji, dark cloud cover, bullish engulfing pattern, piercing pattern, bearish harami, bullish harami, hammer, and other

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    The video discusses the dark cloud cover by providing a defintion, construction of the candlesticks that form this pattern, psychology of why this pattern works, and then walks through some live trading examples to illustrate his point. 

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    The speaker talks through the definition of a breakaway gap and talks about how it is an excellent indicator of a trending move.  Breakaway gaps break the security out of a trading range or congestion zone and provide much strong confirmation as opposed to a traditional

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    Steve Nison discusses the significance of a "spring" when trading with candlestick charts.  Once a spring has developed, the upside target is the previous swing high.  In his illustration, a shakeout through support occurs wi

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    Steve Nison provides an overview of a very bullish, yet rare, candlestick charting formation known as the advancing three soldiers.  This pattern has three large white candles which open near their lows and close near their highs.

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    This video reviews a live trade which was entered on the USD/JPY currency pair.  The speaker is using candlestick charts and places a buy stop order to profit off a potential triple

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    In this final part of the introduction, the speaker discusses the stages of a candletstick pattern.  He talks about the three criteria needed before any action is taken.  First, there must be a trend (up or down).  Secondly, there must be a pattern that has developed.  Finally, there must be confi

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    In part 3, the speaker mentions that it is important to look at the development of a candlestick pattern.  Candle development involves breaking a single candle down into its components.  For example, if you are looking at a daily chart, it is important to break this overall price movement down into its hour

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    In this part 2, the speaker continues the discussion of candlestick charts.  He talks through how candlestick charts can explain the sentiment in the market, bullish or bearish.  Green bars indicate a bullish tone while red candles indicate a bearish tone.  He covers some specific candlestick setups, s

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    In this first volume, the speaker discusses the construction of a candlestick chart.  He provides an explanation of the traditional bar chart and then moves on to illustrate how the candlestick chart provides exactly the same information but provides a

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    The speaker provides an overview on the construction of a candlestick chart and describes the meaning of the length as it is related to candlesticks.  He mentions that some forex traders will look at the the 22 period or 65 period

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