secrets of intraday candlesticks for handouts - … nison’s candlecharts.com secrets of intraday...

1

Steve Nison’s Candlecharts.comSecrets of Intraday Candlesticks for Day and Swing Traders

With

Steve Nison, CMTPresident: Candlecharts.com

Legal Notice: This webcast and recording is © Candlecharts.com and may not be copied, retransmitted, nor distributed inany manner whatsoever, including, but not limited to, video or audio file sharing sites, online auction and classified sites,discussion forums nor any other means. Illegal redistribution of this content may result in criminal and/or civil fines,pursuant to applicable international copyright law. All rights reserved worldwide.

2


What you will learn:What you will learn:

Review of candlestick basics

Flexibility for intraday candles

Importance of daily levels

Getting extra early reversals

Finding “Hidden”support/resistance levels

Is the market overextended?

Successful test of key level?

Bonus session: Using NCSwith intraday charts for our“bouncing ball” trade set up

3


4


5


open close

open

RealBody

high

low

Real Bodies / Shadows

ANATOMY OF THE CANDLESTICK LINE

close

Shadow

6


Who’s in control?

Who’s in control?

7


Candles Reveal the Force Behind the Move:

These have the sameclosing prices, but whatare the Nison candlestelling us?

8


Black or white candle with long lowershadow compared to real body.

www.candlecharts.com

For a complete explanation of this pattern and how to use it, go to:Volume 1-Disc 2 and Volume 3-Disc 2 of the Nison Educational SeriesDisc 1-Profiting in Forex

9


Hammer as buy at $166.50

Doji as exitat $169.30

Result: almost$3 per share inless than 10minutes!

Education = Confidence = $uccess

10




11


Shooting star at resistance to hammer

12



Education = Confidence = %s On Your Side

Buy on hammer at 1.2514

Sell on shooting star at 1.2606

Almost $1000 !

13


Intraday Candle Charts

Be more flexible withcandle patterns onintraday candle chartsthan with daily orweekly candles

Be more flexible withcandle patterns onintraday candle chartsthan with daily orweekly candles


14


White real body that wraps aroundprior session black real body or doji.



close

open

Intraday

15


Bullish Engulfing Pattern

Close Open


16



Black real body wraps around priorsession white real body or doji.


close open

Intraday

17


Down quicker than up

Target Zone

18


19


Dark Cloud Cover as Resistance

Close Open


20


Piercing Pattern

For intraday okay to haveopen at- or very close- to

prior close


21


Secrets of IntradayCandle Charts

(for intraday traders):Monitoring Daily

Support/Resistance


(for intraday traders):Monitoring Daily

Support/Resistance

22


Daily chart for support ( 1 of 2)

We are thinking of buying on the session at the arrow as marketapproaches solid band of support 43.25 on June 26. Let’s turn toan intra-day chart to see if there are any buy signals as the stocknears 43.25 ….. (see next chart).

June26

Buyingarea


23


Intra-day to place trade on confirmation of support ( 2 of 2)

On this 5 minute chart onJune 26, the dashed lineshows support area obtainedfrom prior daily chart near43.25. The hammer at thissupport was the buy signal

Hammer


24


Melding Daily Support/Resistance 1 of 2

Support zone on this daily chart.Now we shift to Intraday candle chart for June 5

Daily Chart


25


Intraday Chart

Support Zone from Daily Chart

Melding Daily Support/Resistance: 2 of 2


Buy

Take profits

26



(for Swing Traders):Finding the Extra Early

Reversal Areas


(for Swing Traders):Finding the Extra Early

Reversal Areas

27


Intraday Candles for Early Reversals

Hammer onthis daily chartgives reversal

at $53.05

Hammer onthis intradaychart givesreversal at

$49.09 on thesame day


28


Dec 9

Secrets of intraday Candles

DailyIntraday

Usingintradayget buysignalhere

29


Bull hammer signal at $50.79

Intraday for Swing Traders – earlier reversals 1 of 2

Let’s look at thisdaily session froman intradayperspective

30


Bull signal at $48.68

On daily chart got bullish hammerat $50.79. On this 5 minute chartgot reversal more than $2 earlier withthis bullish engulfing pattern.

Intraday for Swing Traders – earlier reversals 2 of 2

31


Hello Steve,Hello Steve,

I attended your seminar in NY. Pleaseattached find the log of my trade onEUR/USD. The first picture shows myshort entry based on a daily chart'sShooting star which confirmed theResistance.

Later on the 4hr. chart, a Dojiappeared which confirmed thesupport level. I exited the trade with+61 pips.

If you have anycomments/suggestions, please feelfree to do so.

Many thanks,Frank C.

“The first picture shows myshort entry based on a dailychart's shooting star whichconfirmed the resistance atbearish engulfing pattern.”

Harnessing the insights of intraday candles


32


Harnessing the insights of intraday candles

“Later on the 4hr. chart, aDoji appeared whichconfirmed the supportlevel. I exited the tradewith +61 pips.”

Resistance area frombear engulf on dailychart

Daily chart reversal withshooting star at 1.2900. Withthe reversal on intraday at1.2930 Frank would haveimproved his profit by 50%


33



(for Swing Traders):Finding “Hidden”

Support/Resistance


(for Swing Traders):Finding “Hidden”

Support/Resistance

34


Using intraday charts to uncover “hidden” support: 1 of 3

DailyOn this daily chart where isfirst support after this tallwhite candle on April 15?Let’s go to the intraday….


35


April 15


Intraday


36


Support zoneobtained fromintraday chart

On this daily chart we see whatoccurred after April 15


Daily


37


Using intraday charts: 1 of 2

Why is this markethaving trouble near1325 from Aug. 9-

13? Isn’t firstresistance at theprior high near

1355?

Priorhigh


38


This hourly chart shows something the dailychart didn’t… there was a resistance zonenear 1325 from July 31.

Using intraday charts: 2 of 2


39


40


Howimportantis thisharami on11/21?

Finding Hidden Insights with Intraday Candles

41


This daily chartshows harami andhesitation on May5,8,9. To get a senseof the importance ofthis resistance seeintraday…

May 5,8,9

60 minute chart

Intraday candles for “Deep” Insights


42


IntradayDaily

Intraday candles for “Deep” Insights


43



(for Swing Traders):Using Intraday Windows


(for Swing Traders):Using Intraday Windows

44


RisingWindow

FallingWindow


45


Intraday Windows

Most intradaywindows fromone day to thenext


46


27th

28th

Intra-day window – not a window on daily chart


47



(for Swing Traders):Is the Market

Overextended?


(for Swing Traders):Is the Market

Overextended?

48


On this daily chart marketlooks oversold

Overbought/Oversold


49


This intraday chart gives adifferent perspective

Overbought/Oversold


50


Oversold?

Not from anintraday

Perspective!

51



(for Swing Traders):Was There a Successful

Test ofSupport/Resistance?


(for Swing Traders):Was There a Successful

Test ofSupport/Resistance?

52


www.nisonfx.com

Successful test of Resistance? 1 of 3

Daily Chart

53


www.nisonfx.com

Successful test of Resistance? … 2 of 3

Intraday chart

54


www.nisonfx.com

Successful test of Resistance? – Yes! 3 of 3

Daily Chart

55


Which more likely aReversal and why

Nison Chart Challenge

Name at least 3bottoming signals

56


Nison Chart Challenge

1) Name the top reversal candle signals at 1-42) Which is more likely a reversal 1 or 2 and why?3) Looking at 1 and 3, which of these two would you

be aggressive selling and why4) Where is a current potential support area and why?5) If flat what would you do at 4 and why?

1 23

4

57


Bonus Session:Secret Trading Set Up Revealed

58


59


Is it a valid

Nison candlestick signal?

Is it a valid

Nison candlestick signal?

Boost Your Candle ConfidenceBoost Your Candle Confidence

60


1

2

Question; whydoesn’t 2 show upas a shooting star?

Is it a valid Nison candle signal?

61


Get Entry/ExitSignals BeforeOther Traders

See Them!

Get Entry/ExitSignals BeforeOther Traders

See Them!

62


Step 1. Pick any (or all!)Nison candle signals

Step 2. Customize your alerts

Step 3. Choose your markets

You’ll be Instantly alerted when signal is trigged

Catch the money making opportunities you may have missed!

63


Catch the money making opportunities you may have missed!

Set up An alert Watch list

64


Find Steve’sFavorite CandleSignals inSeconds

Find Steve’sFavorite CandleSignals inSeconds

Accelerate your AnalysisAccelerate your Analysis

65


Bonus Session:Secret Trading Set Up Revealed

Step 1) Set up hammer and 8 period look back in NCS. RunNCS scan

Step 2) Set up alert to let you know when market is nearbottom of hammer

Step 3) Go to intraday to see if get candle confirmation

66


Step 1) Set up hammer and 8 period look back in NCS.

Scan with NCS

67


Alert zone

Step 1) NCS finds a hammer

Step 2) Set up alert

Daily Chart

68


Step 3) When alerted look atintraday chart for candlestickconfirmation

Intraday Chart

69


Regular annual price ofNCS at candleharts.com

Your LIFETIME price atwww.nisoncandlescanner.com/intradayspecial/

This means you are getting afull LIFETIME subscription forLESS than the cost of anannual service

70


No need to learn allNinja! Just a fewsimple tools from Ninjato fully use NCS.

No software to deliver. 1)download 2) get licenseapproved and then you’reready!

Text or video versions ofUser Manuals

71


Intraday Secrets Seminar Extra Bonus

INSTANT Free Upgrade fromNCS to NCS PRO:Pro version includes theIntraday and FX ModulesA $1,490 value!

www.nisoncandlescanner.com/intradayspecial

72


The offer of LIFETIME for less the price of an annualsubscription can end without notice

Your special price & bonuses are atwww.nisoncandlescanner.com/intradayspecial

For any questions contact [email protected]

secrets of intraday candlesticks for handouts - … nison’s candlecharts.com secrets of intraday...

Documents