A must for any investor and trader on the stock exchange.

In 1990, Steve Nison was the merit of the reach of the general public a technical trading and reading the charts until then reserved for the Japanese course and to a very small circle of insiders.
The graphics in "candlesticks" are similar to bar charts charts used primarily in the USA with the indication of an opening price, closing price, the highest and lowest of the session or period; but the comparison ends there.
Japanese candlesticks add invaluable information on market psychology materializing the body of the meeting between the opening and closing by a white or light color for a fence at a price above the opening, and a black candle or dark for a closing price below the opening.
For example, one can easily see a negative connotation in an increase from one period to the other if it is a less than the opening price. This means that buyers could hold the opening price during the session. Candlesticks form figures with very evocative names on the market psychology: Morning Star, 3 white soldiers moving, penetrating bullish, evening star hung, tombstone, 3 black crows, black cloud cover ... Without knowing anything about the technique, we can already conclude that the first 4 names have a bullish connotation on the market and the last 5 downward.
Another key feature, the gaps between 2 consecutive sessions, not visible in a simple curve are areas of non-trading and are areas of support or resistance often very effective. The failure of the invalidation of the non-quotation area (full bridging the gap) often indicates a reversal of the current trend as the market abhors a vacuum.
Candlesticks are very effective in interpreting market behavior to approach these critical areas and special attention will be paid to figures upward or downward at the approach of a gap.
Candlesticks can be read in all time scales: the minute the year; However, we must be very careful to securities whose volumes are too low to generate false signals; in this case, the graph is unreadable and should be read in an upper timescale normal: weekly rather than daily, for example.
Simply reading this book is obviously not enough. We must exert his eye to see hundreds of stock charts, indices of all kinds (CAC 40, Nasdaq, Euro / Dollar, oil etc.) in order to make the automatic technique.
Coupled with "Secrets to win the Stock Exchange" Stan Weinstein, and "Technical analysis, practices and methods" Béchu & Bertrand, Nison's book is the basis for any self-respecting Boursier to win.