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  • Rohit Musale, CFA

Level 3 - Japanese Candlesticks Trading Mastery Program

The level 3 video training program is divided into 6 modules.


In the first module, we will look at the Harami pattern.


The word 'harami' comes from an ancient Japanese word, which means pregnant.


When you look at the pattern, you will understand, why it gets that name.


And it is one of the most frequently occurring patterns on the charts.

That is why we need to study that pattern.


In the second module, we will look at, how do you use horizontal levels with candlesticks.


There is an old trading rule: old support becomes new resistance and old resistance becomes new support.

This is a very neglected concept in trading.


We will combine this concept with candlesticks to find some great trading setups.

In the third module, we will look at the tweezers pattern.


It is like the harami.


It is not used to initiate trades.


It is used to exit or scale back existing positions.

And if we look at both the Harami and the Tweezers, there might be some special situations, where we might initiate trades.


And Tweezers is also one of the most frequently occurring patterns on the charts.

The fourth module is about RSI.


RSI as we know, is one of the most widely used western indicators in the world.

I myself use RSI quite often.

So, how do we combine candlesticks knowledge with RSI?


I will cover that, in this module.

Every module has got 20 videos each.


And each of the these videos has got a chart example.


So there are 120 charts here. And over 10 hours of video content.

Anyways, coming back to module number 5.

Here, we will look at trade monitoring.

Once you take a trade, you must also know, how to manage the trade.

I am going to teach you, how to manage your trade on a candle by candle basis.

You can put a stop loss and a profit target and forget about the trade. That's one style of trading.

But another more effective style is, once you have taken the position, look at the trade candle by candle, and you can pinpoint the exit levels.


You can exit exactly at the right time.

How do you do this?

That is what I am going to cover in the fifth module.

And the sixth module is an extremely important module.


In the sixth module we will look at, how to combine candlesticks with Fibonacci levels.

There are two applications of Fibonacci levels.

The first application is, you use Fibonacci levels to identify reversals in the market, which is what we are looking for, along with candlestick patterns.

So, we combine candlesticks and Fibonacci, to identify important reversal levels, irrespective of the timeframes.

The second and the most important application is, once you identify trade setups, once you have the candle pattern, how do you use Fibonacci, on individual candlesticks, to reduce your risk and increase your reward.

What does that mean?

It means that, your reward risk ratio can be improved if you use Fibonacci levels.

So, that's the power of the Fibonacci levels.

That is why we need to study the Fibonacci levels.

So, take your time.

Don't rush through this.


Take one or two weeks off, and study this.

Every chart is explained in detail.

There are quiz questions as well.

You can also download presentations.


I have placed the presentations in the program curriculum in the PDF format.


You can take a printout and start studying these presentations when you have the time.


Here are the details of the sub-topics covered in this program:


The Harami Pattern (20 Videos)


  • Bear Harami

  • Bull Harami

  • Bull Harami - Black Black

  • Bull Harami - Black White

  • Bear Harami - White Black

  • Not a Harami Pattern - Example 1

  • Not a Harami Pattern - Example 2

  • Bear Harami Cross

  • Bull Harami Confirming Support

  • Bear Harami Confirming Resistance

  • Bear Harami Cross & Shooting Star

  • Not a Bull Harami & Piercing Pattern

  • Bull Harami with Hammer

  • Bull Harami - Higher Highs to Lower High

  • Bear Harami - Lower Lows to Higher Low

  • Bull Harami - Opposite of Bullish Engulfing Pattern

  • Bear Harami After a Rising Window

  • Chart Quiz 1

  • Chart Quiz 2

  • Chart Quiz 3


Candlesticks with Key Horizontal Levels (20 Videos)


  • Old Resistance Becomes New Support - Example 1

  • Old Resistance Becomes New Support - Example 2

  • Old Support Becomes New Resistance - Example 1

  • Old Support Becomes New Resistance - Example 2

  • Bearish Engulfing Pattern at the New Resistance

  • Bullish Engulfing Pattern at the New Support

  • Hammer at New Support

  • Shooting Star at New Resistance

  • Evening Star at New Resistance

  • Piercing Pattern at the New Support

  • Four Consecutive Highs at New Resistance Zone

  • Old Support Zone

  • Falling Window Resistance Becomes New Support

  • Poor Reward to Risk Ratio at New Support

  • Old Resistance Becomes New Support at Highest Timeframe Chart

  • Old Resistance Becomes New Support without any Specific Pattern

  • Chart Quiz 1

  • Chart Quiz 2

  • Chart Quiz 3

  • Chart Quiz 4


The Tweezers Pattern (20 Videos)


  • Tweezers Bottom

  • Tweezers Top

  • Tweezers Top with Higher Timeframe

  • Not a Tweezers Bottom

  • Tweezers Top Variation - 3 Tops

  • Tweezers Bottom with a Hammer

  • Tweezers Bottom Variation with Bullish Engulfing Pattern

  • Tweezers Bottom Variation with Piercing Pattern

  • Tweezers Bottom with Bull Harami - Black White

  • Tweezers Bottom with Bull Harami - Black Black

  • Tweezers Bottom Confirming Support

  • Tweezers Top with Hanging Man

  • Tweezers Top with Bearish Confirmation

  • Variation of Tweezers Top with a Dark Cloud Cover

  • Tweezers Top with Bearish Engulfing Pattern Variation

  • Tweezers Top with Rising Window

  • Imperfect Tweezers Top

  • Chart Quiz 1

  • Chart Quiz 2

  • Chart Quiz 3


Candlesticks with RSI (20 Videos)


  • Hammer with Oversold RSI

  • Bullish Engulfing Pattern with Oversold RSI

  • Piercing Pattern with Oversold RSI

  • Morning Star with Oversold RSI

  • Shooting Star with an Overbought RSI

  • Bearish Engulfing Pattern with Overbought RSI

  • Dark Cloud Cover with Overbought RSI

  • Evening Star with Overbought RSI

  • Higher Highs to Lower High with Overbought RSI

  • Lower Lows to Higher Low with Oversold RSI

  • Falling Window with Overbought RSI

  • Rising Window with Overbought RSI

  • Bear Harami with Overbought RSI

  • Bull Harami with Oversold RSI

  • Conflicting Signals with Candles & RSI

  • Bearish Engulfing Pattern with RSI that Failed

  • Chart Quiz 1

  • Chart Quiz 2

  • Chart Quiz 3

  • Chart Quiz 4


Candlesticks Trade Monitoring (20 Videos)


  • Hammer Confirming Support

  • Bullish Engulfing Pattern Confirming Support

  • The Piercing Pattern Confirming Support

  • Morning Star Confirming Support

  • Shooting Star Confirming Resistance

  • Shooting Star & Bear Harami

  • Bearish Engulfing Pattern Confirming Resistance

  • Bearish Engulfing Pattern & The Star

  • Dark Cloud Cover with Bearish Engulfing Pattern

  • Evening Star Confirming Resistance

  • Falling Window Breakout

  • Falling Window & a Shooting Star

  • Rising Window Breakout

  • Rising Window with Hammer

  • Tweezers Bottom Variation

  • Tweezers Bottom & Bullish Engulfing Pattern

  • Tweezers Top & a Shooting Star

  • Old Resistance Becomes New Support

  • Old Support Becoming New Resistance

  • Falling Window Converts Old Support to New Resistance


Candlesticks with Fibonacci Levels (20 Videos)


  • Hammer at 50% Level

  • Hammer at 61.8% Level

  • Dark Cloud Cover at 50% Level

  • Dark Cloud Cover at 61.8% Level

  • Bullish Engulfing Pattern at 38.2% Level

  • Bearish Engulfing Pattern at 61.8% Level

  • Shooting Star at 50% Level

  • Piercing Pattern at the 50% Level

  • Strong Resistance at 50% Level

  • Strength of the 61.8% Level

  • Rising Window Near 61.8% Level

  • Rising Window Near 50% Level

  • Falling Window at 50% Level

  • Old Support Becoming New Resistance at 50% Level

  • Bull Harami at 50% Level

  • Poor Reward to Risk Trade at 50% Level

  • Single Candle Retracement - Bullish Engulfing Pattern

  • Single Candle Retracement - Bearish Engulfing Pattern

  • Single Candle Retracement - Shooting Star

  • Single Candle Retracement - The Imperfect Evening Star


Preview some of the videos here.


Hit the enroll button.


Here is the link to enroll in the program:


Level 3 - Japanese Candlesticks Trading Mastery Program


I will see you on the inside.


Thank you.


Regards,


Rohit Musale, CFA


28 December 2022

 

 

Here is a quick note about: The Japanese Candlesticks Trading Mastery Program


Learn concepts that apply to any type of trading. If you know how to read one chart, you can read them all. This course through its various levels will help you understand this unique and most primitive technique of trading. The Japanese Candlesticks Trading Mastery Program can be applied in any or all of the following areas of work :


  • Forex Trading / FX Trading / Currency Trading

  • Stock Trading

  • Commodity Trading

  • Options Trading

  • Futures Trading

  • Intraday Trading / Day Trading

  • Positional Trading

  • Swing Trading

  • Technical Analysis of Stocks, Commodities & Currencies

  • Price Action Trading

  • Chart Pattern Analysis

  • Cryptocurrency Trading


 

Standard Disclaimer on The Japanese Candlesticks Trading Mastery Program:


The material presented here is for educational purposes only. Please do proper due diligence. There are risks involved in markets. Returns are never guaranteed. The Japanese Candlesticks are a tool, not a trading system. However, they can be used for any timeframe, any asset class (stocks, commodities & currencies) and any financial instrument (spot, futures & options). The principles discussed in this course are applicable to any market in the world, provided the price information is accurate and is coming from a reliable source. This course is not about which broker you should use or how to use your respective broker platform. This course is about educating you on Japanese Candlesticks in detail so that you can apply these principles in your own market and in your own trading style and timeframe.

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