Rockefeller Center, major hotels, large swathes of commercial real estate. They went on a massive buying spree and began buying just about everything in sight. After they kicked our asses at manufacturing, they began flexing their little Japanese muscles and began buying up real estate in the US. During this period, they completely kicked the Americans asses at manufacturing everything. They made better cars, better radios, better TV’s, better toys, better everything. In short, they completely kicked our asses at making stuff. They introduced ancient concepts of group cooperation, lean and highly efficient manufacturing methods, as well as the concept of “kaizen” which means constant improvement by monitoring results. So what gives? Let me explain…during the 1970’s and 1980’s, the Japanese completely revolutionized industrial manufacturing. Many of you reading this were perhaps not even born in the 1980’s, and many more were not even introduced to financial trading until the 2000’s. But why? And how did it become such a powerful concept? The Japanese candlestick, is really just a pop culture phenomenon that was born out of the 1980’s. This inclusion leads us to assume that it must be a valid idea simply because it is included as a standard charting feature. How did Japanese candlestick charting become such a popular concept? All popular modern charting packages now include Japanese candlestick charting. But really, who cares whom was first? The real issue is whether any of this candlestick charting stuff is statistically valid. Steve Nison claims to be “the guy”, there are some other guys as well, that claim that Steve wasn’t the first guy, etc. And whom actually introduced it to westerners. If you search on the internet, where all of the truth in the world currently resides (that was supposed to be funny), you can find hundreds of variations on how candlestick trading came into existence. Us westerners, when we think of anything Japanese, we tend to think of something well engineered, and a society that is very old. Of course, all of this mystical and mythical rice trading samurai stuff is entertaining to read and contemplate. Their interpretation of the secret symbols allowed them to control the price of rice, and if you know the Japanese, whomever controls the rice is are very powerful indeed. They would carry with them ancient rice paper scrolls with markings that non other than the mystics could interpret. And once a year, these mystics would journey down from their secret mountaintop lair, and then speculate on the price of rice. There is a bit of controversy over whom actually invented the idea and concepts behind Japanese candlestick charts, some say it was a samurai, others say it was a super secret and ancient society of Japanese mystics that lived high up on Mt. The basic story line is that ancient Japanese rice traders would use this form of chart making to interpret current prices, and that this interpretation would then predict future price movements. His original book, “ Japanese Candlestick Charting Techniques: A Contemporary Guide to the Ancient Investment Techniques of the Far East” was originally published way back in 1991. What I mean by western world is English speaking traders. Who is Steve Nison? Steve Nison is considered to be the first westerner to introduce the concept of candlestick charting to the western world. Thanks for reading today’s review of Steve Nison as well as his websites: and.
STEVE NISON BIOGRAPHY PROFESSIONAL
A long time professional trading guru that has never proven he can trade successfully. The grand poobah of candlestick charting, not once in his 25 years of selling candlestick patterns, has ever revealed personal trading results. Testing of Steve Nison's patterns reveal nothing predictive.
Cons: Candlestick charting is highly subjective and does not pass standard scientific testing methods.
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