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 JAPANESE CANDLESTICK CHARTING TECHNIQUES.PDF 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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