Beyond Candlesticks: New Japanese Charting Techniques Revealed

Beyond Candlesticks by Steve Nison is a landmark trading book that takes you beyond the basics of candlestick charting and introduces powerful Japanese charting methods that remain largely unknown in the West. As the follow-up to Nison’s pioneering Japanese Candlestick Charting Techniques, this book expands the trader’s toolkit with advanced strategies designed to reveal hidden market psychology and improve timing in all financial markets.

Nison begins with a detailed review of candlestick foundations—covering real bodies, shadows, doji, spinning tops, and essential single, dual, and multi-candle formations. He explains not only how these patterns form but also how their context within broader market structure transforms them into high-probability signals. Readers learn the significance of trend confirmation, support and resistance, and the critical importance of where candles appear in relation to the bigger technical picture.

The second part of the book introduces three powerful Japanese charting innovations—Renko, Kagi, and Three-Line Break charts—along with the Disparity Index. These tools, refined over centuries in Japan yet rarely explored in Western literature, help traders filter out market noise, identify trend strength, and spot reversals with greater clarity. Nison shows how to integrate these methods with Western indicators, providing traders with a comprehensive system for identifying opportunities and managing risk.

Packed with practical examples, charts, and trading tactics, Beyond Candlesticks is more than a technical guide—it is a masterclass in understanding the psychology of price action. Whether you are a beginner eager to learn advanced candlestick analysis or an experienced trader seeking new edges, this book equips you with strategies to trade with confidence across stocks, futures, forex, and bonds.

✅ What You’ll Learn:

• The origins and evolution of Japanese candlestick charting and its psychological foundation in market behavior.
• How to correctly construct and interpret real bodies, shadows, doji, spinning tops, and high-wave candles.
• Identification and trading tactics for key candlestick patterns such as hammer, hanging man, shooting star, engulfing patterns, harami, morning and evening stars, and windows.
• How to evaluate the importance of context, including trend strength, support/resistance, and risk/reward considerations before taking trades.
• Practical application of advanced Japanese charting techniques: Disparity Index, Three-Line Break, Renko, and Kagi charts.
• How to merge Japanese methods with Western tools for more accurate timing and confirmation signals.
• Strategies for spotting trend reversals, continuations, and consolidation patterns using unique visual techniques such as three-Buddha patterns, tweezers, and gaps.
• Risk management concepts including stops, trade placement, and adapting to shifting market conditions like a “market chameleon.”

💡 Key Benefits:

• Gain exclusive insights into charting methods rarely discussed in Western trading literature.
• Enhance your market timing and entry/exit strategies with Japanese techniques.
• Understand the psychology of market participants through visual pattern analysis.
• Learn how to combine candlesticks with Western indicators for greater accuracy.
• Strengthen your risk management and decision-making with Nison’s practical trade examples.
• Suitable for both beginner and advanced traders seeking to master price action.

👤 Who This Book Is For:

This book is ideal for:

• Traders familiar with basic candlestick charts who want to advance to the next level.
• Technical analysts seeking to integrate Eastern and Western methods for a more powerful trading edge.
• Day traders, swing traders, and investors across stocks, futures, forex, and bonds.
• Anyone serious about understanding market psychology and price behavior through visual analysis.

📚 Table of Contents:

Part One: Candles

• Chapter 1: Overview
• Chapter 2: The Basics
• Chapter 3: The Patterns
• Chapter 4: Candles and the Overall Technical Picture

Part Two: The Disparity Index and New Price Charts

• Chapter 5: How the Japanese Use Moving Averages
• Chapter 6: Three-Line Break Charts
• Practice Session for the Three-Line Break Chart
• Chapter 7: Renko Charts
• Practice Session for the Renko Chart
• Chapter 8: Kagi Charts
• Practice Session for the Kagi Chart

Part Three: Candle Patterns in Action

• Chapter 9: Point and Figure and Candles
• Chapter 10: The Elliott Wave and Candles
• Chapter 11: Options and Candles
• Chapter 12: Candles and Market Psychology
• Chapter 13: Profiles and Candles
• Chapter 14: Candles and Trading by the Numbers

Part Four: The Candle and the Trader

• Chapter 15: The Candle Trader
• Chapter 16: Candle Trading Rules and Guidelines