Beyond Candlesticks: New Japanese Charting Techniques Revealed (Wiley Finance)

This is a good addition to Nisons first book, and does contain some new candlestick information. There are a few new patterns Nison mentions which are variations of patterns in his first book. He discusses actual trading techniques, ie when to buy, sell, where to put stops, which I found lacking in the first book. I found this information to be worthwhile, which is contained in the first half of the book.
The second half of the book deals mostly in Kagi, Renko, and Three-Line Charts. Im not sure what to think about these. I dont know if Ill ever use the information I learned to draw charts by hand, but it is definitely a new way to analyze and chart data. These charts essentially track solely the movement of stocks without regard to time. The 3 Line break chart requires a strong trend to be well reversed before a new line will show on the chart, hence a new low will have to break 3 new highs beginning low in order to appear on the chart. The Renko chart is similar but a new line is drawn after a specified increase/decrease in the price has been met (either nominal or percentage).
There is a section on moving averages that is relatively uninformative. Nison gives the Japanese terms for when a short MA crosses a longer-term MA. He notes the MAs that Japanese traders like to use: 3, 9, 13, 26.
I consider the first half very valuable, and the second half worth the read, but Im not sure how valuable the information will be to a personal investor like myself. All in all, a good book and good read. Nison delivers again.

Note: This is a photocopy. The quality is good - the text is sharp and clear, as is the index, but the original would be better!

Year:1994

Edition:1st.Printing

Publisher:Wiley

Language:English

Pages:276

ISBN 10:047100720X

ISBN 13:9780471007203

Series:Wiley Finance

File:PDF, 11.82 MB