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.