top of page
  • Rohit Musale, CFA

Level 6 - Japanese Candlesticks Trading Mastery Program

There are 6 modules in this video training program.


In the first module, I will discuss with you, intraday pivot levels.


There are seven intraday pivot levels that you need to learn.


I am going to cover those seven levels in detail.


If you want to become a good professional intraday trader, you have to know these seven pivot levels.


In module two, I will discuss with you, the intraday central pivot range.


When you combine intraday central pivot range, with intraday pivot levels, you get very good trade setups.


In module number three, I will teach you the four step method to trade the false breaks and false breakouts.


In module number four, we will look at the different types of stops and different types of targets and how to use them with Japanese Candlesticks.


In module number five, we will combine candlesticks with multiple timeframes, and we will also look at, what is the triple screen trading system which was originally introduced by Dr. Alexander elder in his book, 'Trading for a Living'.


We will combine candlesticks with multiple timeframes to identify good trade setups.


In module number six, we will study the Donchian channel.


This is one of the channel trading systems, very similar to bollinger bands.


If you studied level 2, in which I have discussed the Bollinger Bands, then it will be easier for you to understand this module on the donchian channel.


Following are the sub-topics covered in this course:


Candlesticks with Intraday Pivot Levels (20 Videos)


  • The Break of S1 and S2

  • The Hanging Man at S1

  • Price Action Inside the Pivot Levels

  • R2 Becomes New Support

  • The Power of the Central Pivot Level

  • The Gravitational Pull of the Central Pivot Level

  • A Wide Pivot Range

  • S1 as a Strong Support

  • The Power of a Window

  • The Downside Break of R1

  • The Dark Cloud Cover at R2

  • The Combination of Candlesticks & Pivot Levels

  • The Hammer at S1

  • Reward to Risk and Pivot Levels

  • False Breakout of R1

  • Aggressive Upside Breakout

  • The Correct Entry Level

  • The Morning Star at S1

  • S1 Becomes Resistance

  • No Trade Zones


Candlesticks with Intraday Central Pivot Range (20 Videos)


  • The Central Pivot Range Chart

  • The Central Pivot Range Width

  • Price Action in a Downtrend

  • Price Action in an Uptrend

  • An Inverted Hammer Inside the Central Pivot Range

  • The Precision of the Central Pivot Range

  • The Bearish Engulfing Pattern at the Central Pivot Range

  • The Power of S1 in an Uptrend

  • The Power of R1 in a Downtrend

  • The Central Pivot Range as a Resistance

  • The Central Pivot Range as a Support

  • No Trade Zone

  • Aggressive Trading with the Central Pivot Range

  • The Downside Break of the Central Pivot Range

  • The Bullish Engulfing Pattern at the Central Pivot Range

  • Single Candle Break of the Central Pivot Range

  • Reward to Risk Consideration at the Central Pivot Range

  • Identifying Barriers to Profit Target

  • The Shooting Star at the Central Pivot Range

  • Trade Comparison


Candlesticks with False Breaks (20 Videos)


  • The Bullish Engulfing Pattern at a False Breakout

  • False Break at a Multi Tested Resistance

  • The Hammer at a False Break

  • The Shooting Star as a False Break

  • Reward to Risk Consideration at the False Break

  • Always wait for a Confirmation

  • False Breakout Vs Real Breakout

  • Always Keep a Stop Loss

  • The Cost of Waiting for a Confirmation

  • Don't Apply the Three Candle Rule Here

  • Pay Attention to Market Context

  • A Window is a Window Till it Breaks

  • The Bearish Engulfing Pattern as a False Break

  • Hammer Confirming a False Break

  • The Bullish Engulfing Pattern Confirming a False Break

  • Don’t Take This Trade

  • Don't Always Wait for a False Break

  • The Piercing Pattern Confirming a False Break

  • Correctly Identify a False Break

  • The Strength of a Support


Candlesticks with Stops & Price Targets (20 Videos)


  • Three Price Targets

  • The Use of Time Stops

  • Trading the False Break

  • The Incorrect Price Stop

  • Don't Jump on a Box Range

  • Watch out before you Pull the Trigger

  • Resistance Zone

  • Support Zone

  • Wide Resistance Zone

  • Narrow Support Zone as a Stop Loss

  • Using a Moving Average as a Mental Stop Loss

  • Reward to Risk Consideration with Wide Support & Resistance Zones

  • Adjusting Position Size

  • Listen to the Market

  • No Trade Zone

  • Mental Stop Loss

  • Exiting Before the Target

  • The Decision to Stay in a Trade

  • Have a Price Stop & a Mental Stop

  • Removing Price Target & Moving the Stop


Candlesticks with Multiple Timeframes (20 Videos)


  • Waiting for a Bearish Signal

  • A Classic Uptrend

  • Price Pullback in Process

  • Price Heading Towards the Target

  • Bullish Price Action

  • Rangebound Price Action

  • Market Consolidation

  • Shooting for the Moon

  • Wait for a Retracement

  • A Clear Downtrend

  • Watch out for a Moving Average Breakout

  • Neutral Trend

  • A Downside Breakout is Likely

  • Price Breaking Multi Tested Support

  • The Falling Window as a Resistance

  • Volatile Price Action

  • The Bulls are in Charge

  • Upside Breakout is Possible

  • Price Near Resistance

  • The Hanging Man at Resistance


Candlesticks with Donchian Channel (20 Videos)


  • The Bearish Engulfing Pattern at the UB

  • Trading with Confirmation

  • Trade to Avoid

  • Shooting Star Confirming a Falling Window

  • A Hammer to be Ignored

  • Reward to Risk Consideration at the Evening Star

  • Downside Break of the MB

  • Downside Breakout with a Falling Window

  • Avoiding False Signals

  • The Correct Stop Loss Placement

  • Look for Multiple Confirmations

  • Trading a Pullback in an Uptrend

  • Bottom Formation at the LB

  • An Inverted Hammer at the LB

  • A Temporary Retracement in an Uptrend

  • Pay Close Attention to the Windows

  • The Traditional Upside Breakouts

  • The Power of the MB as a Support in an Uptrend

  • The Piercing Pattern at the MB

  • The Value in Waiting for a Confirmation


Preview some of the videos here.


Here is the link to enroll:


Level 6 - Japanese Candlesticks Trading Mastery Program

I will see you on the inside.

Thank you.


Regards,


Rohit Musale, CFA


1 January 2023


 

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.

5 views

Related Posts

See All
bottom of page