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  • Rohit Musale, CFA

Level 4 - Japanese Candlesticks Trading Mastery Program

The level 4 video training program is about 8 hours long.

You are going one level deeper.

Hence, this is an advanced course.

Level 4 consists of 6 modules.

Each module has got 20 videos, which means total 120 charts & 120 videos to learn from.

The first module is about box range breakouts.

I have been telling you that, 'candlesticks are a tool, not a trading system.'

This is what I learnt from my mentor Steve Nison.

Candlesticks are a tool, not a trading system, which means, what candlesticks cannot give us: are price targets.

That is the reason, we need to use western technical tools to get our price targets.

And box ranges are one of the most simple and effective tools of getting price targets.

Next module is the hanging man and the inverted hammer.

These are two patterns, which are the most frequently occurring patterns on your charts, but not very significant.

Just like the Harami and the Tweezers, for the hanging man and the inverted hammer, we don't use them to initiate new positions.

We use them to exit or scale back existing positions.

I did not include them in level one, two and three, because they are not very significant.

There are special situations, where you can use the hanging man and the inverted hammer to initiate new positions.

I will explain that, in the videos.

Module number three is: how to avoid bad trade setups.

It's important to know how to take new trades.

It's also important to know which trades not to take.

I call them market traps.

The market is not there to give you money.

The market is there to take money out of your pocket.

How do you avoid those traps?

That is what we need to learn.

Module number four is about how to fluently read candle charts, just like you would read a book.

For example, if you can read and understand English, you can read almost any English book or an English novel.

Similarly, candlesticks are a language of the market.

I look at a naked candlestick chart, without any indicators and I start reading the candlestick chart, like a book.

Yes, I can do that. Because it is a skill I have learnt over many years of practice.

And I want to discuss this key skill with you.

That is why I have dedicated an entire module to this, so that if you look at a candlestick chart, like a professional, like a candlestick expert, you can derive a lot of conclusions, without using any indicators.

Module number five, and this is on popular demand: a lot of people wanted to know, how to use candlesticks with moving averages.

I use candlesticks with moving averages not to enter trades.

For entering trades, you already have the candlestick patterns, but we can use moving averages to exit or scale back existing positions.

That is what I am going to discuss, by combining candlesticks and moving averages.

There are 20 videos there too. It's a fantastic module.

Module number six and the last one is: Fibonacci levels.

Remember in level three, we ended with four videos of Fibonacci levels, where I used the Fibonacci levels on a single candle.

We use them on waves, but we can also use them on individual candles.

This module is dedicated towards, how to use Fibonacci levels on individual candles.

Of course, those candles should be a part of a pattern.

Two benefits we get from this.

One is, we can increase our reward to risk ratio, and second is: Fibonacci levels significantly reduce the time that it takes, for our trades to achieve their targets.

So, those are the 6 modules.

There is a lot of material here.

Six modules, 120 videos and 120 chart examples.

Following are the sub-topics covered in this course:

Candlesticks with Price Targets from Box Range Breakouts (20 Videos)

  • Bullish Breakout

  • Bearish Breakout

  • Bullish Breakout Implication

  • The Problem with Bullish Breakouts

  • The Precision of Box Range Breakouts

  • Box Ranges - Important Principle

  • Bearish Breakout of Hammer's Support

  • Shooting Star Resistance Breakout

  • Rising Window Strong Bullish Breakout

  • Bearish Breakout with a Falling Window

  • Bullish Breakout in the Same Direction as Long Term Trend

  • Trade Entry at Bullish Breakout

  • Trade Entry at Bearish Breakout

  • Stop Loss Placement at Bearish Breakout

  • Stop Loss Placement at Bullish Breakout

  • Perfect Exit Point Before Price Target

  • Adapting to Changing Market Situation

  • Bullish Breakout with Poor Reward to Risk

  • Poor Reward to Risk at Bullish Breakout

  • Reward to Risk Management at Breakout

The Hanging Man & The Inverted Hammer (20 Videos)

  • The Hanging Man

  • The Hanging Man & The Doji

  • Not a Hanging Man

  • The Perfect Hanging Man

  • The Hanging Man Like Candle in a Range

  • No Confirmation After a Hanging Man

  • A White Candle After a Hanging Man

  • The Hanging Man After a Shooting Star

  • Stop Loss Placement with a Hanging Man

  • Poor Reward to Risk After a Hanging Man

  • An Inverted Hammer with a Bullish Confirmation

  • An Inverted Hammer that Failed

  • Not an Inverted Hammer

  • An Inverted Hammer Confirming Prior Support

  • The Inverted Hammer without a Confirmation

  • The Inverted Hammer & a Bull Harami

  • The Inverted Hammer & The Hammer

  • The High Probability Inverted Hammer

  • Poor Reward to Risk at the Inverted Hammer

  • The High Reward to Risk Inverted Hammer

Using Candlesticks to Avoid Market Traps (20 Videos)

  • Skip this Bearish Engulfing Pattern

  • Avoiding Obvious Traps

  • Skip this Piercing Pattern

  • Watch out for this Falling Window

  • Skip this Bullish Engulfing Pattern

  • Ignore this Strong Bullish Box Range Breakout

  • Skip this Dark Cloud Cover

  • Look out for Obvious Red Flags

  • The Confirmation after an Inverted Hammer

  • Don’t Go Short Here

  • Frequent Mistake by Traders

  • Don’t Overthink Your Trades

  • Don’t Go Short Near Potential Support

  • Ignore Such Hammers

  • A Gravestone Doji After a Rising Window

  • The Classic Hammer Trap

  • Exit on Time

  • Not Reading the Market Correctly

  • Ignoring the Market's Obvious Message

  • Ignoring Strong Signals from Weaker Patterns

Fluently Reading Candle Charts Like a Book (20 Videos)

  • Downfall Indications

  • Very Strong Resistance Build Up

  • The Power of a Shooting Star

  • The Falling Window Confirmation

  • A Strong Support Build Up

  • The Massive Rising Window

  • The Dark Clouds

  • The Falling Window Effect

  • The Appearance of a Hammer

  • Price Struck in a Range

  • The Rocketing Prices

  • The Power of a Bearish Engulfing Pattern

  • The Box Range at the Top

  • A Powerful Round Number

  • Watch out for Old Resistance

  • The Potential Energy in a Box Range

  • The Falling Bluechip

  • Confusion with a High Wave Candle

  • The Relief at a Bull Harami

  • The Price Approaching Strong Support

Candlesticks & Price Targets with Moving Averages (20 Videos)

  • Why Moving Averages

  • A Spectacular Rally Tracked by the Moving Averages

  • The Challenge with Moving Averages

  • The Hammer & The Moving Averages

  • The Shooting Star & The Moving Averages

  • The Bullish Engulfing Pattern & The Moving Averages

  • The Challenge While Riding Profits

  • The Bearish Engulfing Pattern & The Moving Averages

  • The Piercing Pattern & The Moving Averages

  • The Dark Cloud Cover & The Moving Averages

  • The Inverted Hammer & The Moving Averages

  • A Minor Position at a Series of Inverted Hammers

  • The Hanging Man & The Moving Averages

  • The Bull Harami at the Support Area

  • From Lower Lows to Higher Low

  • From Higher Highs to Lower High

  • The Rally from a Strong Support Area

  • Market Clues in a Downtrend

  • Skip This Trade

  • Monitor Your Positions

Candlesticks & Price Targets with Fibonacci Levels (20 Videos)

  • Fibonacci on the Hammer

  • Fibonacci on the Bullish Engulfing Pattern

  • The Challenge with Fibonacci Entry Level

  • The Risk with Fibonacci Levels

  • Shooting Star with Fibonacci Entry & Exits

  • Always Maintain a Stop Loss

  • The Precision of Fibonacci Levels

  • Fibonacci on the Bearish Engulfing Pattern

  • The Missed Fibonacci Order

  • Fibonacci with the Piercing Pattern

  • Fibonacci on the Dark Cloud Cover

  • Fibonacci & The Variation of the Dark Cloud Cover

  • The Hanging Man & The Fibonacci Levels

  • The Missed Opportunity

  • Fibonacci on Monthly Timeframe

  • Managing the Fibonacci Position

  • A Trade to Avoid

  • Falling Window & Fibonacci Levels

  • Candles Confluence with Fibonacci Levels

  • Fibonacci at a Multi Tested Support Level

So, take action, right now.

Preview some of the videos here.

Enroll now.

Here is the link to enroll:

Level 4 - Japanese Candlesticks Trading Mastery Program

I will see you on the inside.

Thank you.


Rohit Musale, CFA

29 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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