Candlesticks For Day Trading

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9. Module 0 - Tutorial
Module 2 - Candlesticks
Module 3 - Pattern
Module 4 - Quiz

10. Module 1 – About the Course
MODULE 1
Main Menu
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11. CLICK ANY OF THE PICTURES
TO LEARN MORE ABOUT
HISTORY OF CANDLESTICKS
STEVE NISONMUHENNISA HUMMA
MODULE 1
1. History of Candlesticks

12. Munehisa Homma (1724-1803) born in
Sakata, Japan is the father of the Japanese
Candlesticks. He was a successful rice trader
at the Osaka Rice Exchange in Japan. Rice was
at the base of Japan's economy during that
period.
Homma was reported to have 100
consecutive winning trades and was
considered the God of markets. He was raised
to the rank of Samurai and became a financial
advisor for the government.
Sakata's Method refers to the 160 rules
Homma wrote. These rules form the base of
Japanese candlestick patterns we know today
. He created the candlestick patterns taking
into account the open, high, low and close of
the price. The candlestick's names often refer
to the war which was a reality of that
time, for example : Three White
Soldiers, Gravestone Doji etc.
STEVE NISONMUHENNISA HUMMA
MODULE 1
1. History of Candlesticks

13. More recently, Steve Nison was the first to
introduce the ancient art of Japanese
candlesticks to the western world where it was
still unknown by most traders.
It was back in 1987 when he first noticed
Japanese candlesticks on the charts of a Japanese
broker who worked at Shearson Lehman Hutton
in New York, where he worked in an office down
the hall. He became immediately fascinated by
them and started the research work which lasted
for 3 years before he published his first book on
the subject.
The very first article to be written on Japanese
candlestick analysis in the U.S. was published in
Futures Magazine (December 1989) "Learning
Japanese-Style Candlestick Charting" by Steve
Nison.
Steve Nison is a CMT (chartered market
technician), holds a MBA in Finance and
Investments. He also worked as a senior analyst
at Merryl Lynch. He is president
of Candlecharts.com which offers
seminars, educational products and advisory
services.
STEVE NISONMUHENNISA HUMMA
MODULE 1
1. History of Candlesticks