This is a simple guide for using Japanese candlesticks correctly, and profitably. Candlesticks have gotten a lot of attention lately, but few traders truly know how to use them wisely and profitably. Without the proper context, candlestick charting won't work. In this book, technical analysis expert Felipe Tudela shares candlestick creator Sokyu Honma's Great Market Cycle theory. With the Great Market Cycle, candlesticks reveal their powerful and simple logic and give traders the insight and context they need to use them successfully. Using these insights, readers will be able to trade each market phase in accordance with his or her own personal strategy. Felipe Tudela (Paris, France) is a researcher and specialist in technical analysis, as well as President of the Center of Financial Research in Paris.
Acknowledgements.Introduction.Chapter 1. The Truth About Japanese Candlesticks.The Origin of Japanese Candlesticks Or How Knowledge Of Their History Could Turn You Into A Successful Trader.Sokyu Honma's Method.Chapter 2. The Spirit of Sokyu Honma's Method: The Master and The Disciple.Chapter 3. The Samni No Den of The Market: The Subjective Part Of The Method.How To Master Your Trading: Your First Step To Success.Lets Examine This Simple And Powerful Method.Chapter 4. The Five Sakata Methods: The Objective Part Of The Method.Sakata'S Five Methods and Their Corresponding Market Phases.A Simple Permutation Uncovers Sokyu Honma's Great Market Cycle.Chapter 5. Trading With Sokyu Honma's Method.From The Five Market Phases to the Five Operational Methods.Rules for Buying and Selling According To Each of the Five Methods.Method for Selling Triple Tops (San Zan).Method for r Buying Triple Bottoms (San Sen).Method for Buying or Selling Gaps (San Ku).Method for Buying or Selling Trends (San Pei).Method for Buying or Selling Corrections Within A Trend (San Poh).Examples.Chapter 6. Japanese Candlesticks: A Precision Tool Within The Market'S Great Cycle.The Basic Candlestick Patterns.Turning Point Patterns.Continuation Patterns.Chapter 7. Algorithm In Tabular Format For The 5 Sakata Methods Within Sokyu Honma'S "Great Cycle".The Building Blocks of Our Algorithm.The Key Candlestick Patterns: They Could Be All You Ever Need.The San Zan Algorithm.The San Sen Algorithm.The San Ku Algorithm.The San Pei Algorithm.The San Poh Algorithm.Why All This Works.Chapter 8. 37 Applications Involving Indexes, Stocks and Futures.Chapter 9. Back To The Samni No Den.The Samni No Den Has It All.The Trader?S Cycle And The Market Cycle.What Most Traders Will Never Do: This Is Your Edge.Chapter 10. Learning To Analyze the Markets from A Trader's Viewpoint.Analyst or Trader?Learn To Select Your Market: This Is Your First Step.Time Windows Do Matter!You Must Study Price.You Must Study Time.Turning Points and Oscillations.The Two Approaches to Market Reading.Chapter 11. Your Magic Talisman.Its All About Misdirection.General Conditions Rule.Simplicity Is The Key.Learn To Keep An Eye On Indexes.Learn To Read Sector Behavior.You Must Follow Individual Stocks.You Should Know About Futures, Interest Rates And Currencies.There Is No Rule: You Are Free and the Markets Too!Chapter 12. Before Taking A Position.Think!Strategic Thinking and Tactical Thinking.General Conditions and Strategy.Your Vehicle Selection.Your Entry Point.Your Exit Point.Your Initial Position Sizing.How To Scale Your Positions.How To Add To Your Positions.Your Asset Allocation.Your Stock Allocation: To Diversify Or Not.Selecting A Stop.Chapter 13. How To Exit A Trade.A Very Important Decision: How To Exit Your Trade.The Price Factor Closing Strategy.The Time Factor Closing Strategy.Exit Allocation.Chapter 14. How to Manage Your Risk.The Risk Is You!The Elements of Risk.The Risk of Not Understanding Market Behavior.The Risk of Not Having A Plan.The Risk of Not Allocating Assets.The Risk of Not Diversifying.The Risk of Not Scaling Your Positions.The Risk of Not Having a Stop.The Risk of Not Following Your Rules.Subjective and Objective Risk: The Secret That Sokyu Honma Knew.Risk and Reward in Trade Selection: A New Perspective.Chapter 15. All You'll Ever Need To Know About Stops.The Superstitions About Stops.What A Stop Is And Is Not.How To Place A Stop That Is Almost Never Caught.Price Stops.Time Stops.You Have The Last Word, But Be Careful!.Chapter 16. Putting It All Together In A Simple, But Winning Approach.Know Yourself.Think Your Plan.Have A Plan: Make It Complete.Have A Plan: Make It Simple.Have A Plan: Tactics First.Now Build A Prototype!Chapter 17. Trade Now!Test Your Prototype.Expand Your Trading.The Time Has Arrived For All Those Trading Psychology Books.Chapter 18. Some Thoughts About Trading Philosophy.Trading Philosophy Is Not Trading Psychology.
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