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  • Rohit Musale, CFA

Level 7 - Japanese Candlesticks Trading Mastery Program

In the level 7 video training program, our focus will be on the MACD Indicator.

Since it is the most popular and a widely used western technical indicator, I have decided to dedicate an entire course to discuss the MACD alongside candlesticks.

However, the foundation of this course will always be the candlesticks.

MACD is simply there to give us additional signals and confirmations.

The MACD is far better and powerful relative to other technical indicators.

Most indicators are lagging indicators and MACD is not an exception.

However there is one element of MACD that gives out signals at the precise moment when the candlestick pattern gives out a signal.

I personally use MACD especially on the Daily & the Weekly charts.

Those are the timeframes where the MACD really shines.

I have divided this course into 7 different sections.

In the first section, we will look at, how to use MACD as a confirmation signal.

Steve Nison has said that, 'candlesticks are a tool, not a trading system.'

That’s why we need additional confirmations from western technical indicators before taking a trade.

And for this, the MACD is a great companion to have on the charts.

In the second section, we will look at how to use MACD to identify strength or weakness in the market.

Candlestick patterns are primarily reversal signals.

Before pulling the trigger on a reversal pattern, we have to check whether the prior trend is strong or weak.

MACD easily helps us to do that.

We will see examples of how to do that in this second section.

In the third section, we will look at something called as the MACD Histogram.

This is one of the best components of the MACD indicator.

As I mentioned before, most indicators are lagging indicators.

However, the MACD Histogram is great at providing signals precisely at the time when the candle pattern flashes a signals.

In this section, we will see multiple examples of that.

In the next 2 sections, we will look at the bullish and bearish divergence signals given out by the MACD.

These signals are very strong, especially on the daily and weekly charts.

They signal major turning points in the market and are very rare.

So when we spot one, we have to take action.

In section six, we will look at how to use MACD to manage our existing trades.

What separates the professional traders from the beginners is trade management.

Taking a trade is easy. Managing it is not.

However, the use of MACD for trade management makes it very simple.

We will look at multiple examples of that as well.

In the last section, we will combine the MACD signal with the real bodies and shadows of the candles on the chart.

When there are not many patterns on the chart, traders tend to ignore the chart.

That is a mistake.

Simply by looking at the size of the real bodies and shadows, we can spot a ton of signals from the chart.

I will show you how to do that.

So get ready for action

This is almost more than 5 hours of video training, filled with lots of chart examples to demonstrate each and every concept.

Following are the sub-topics covered in this course:

MACD as a Confirmation Tool

  • MACD & The Bearish Engulfing Pattern

  • MACD & The Shooting Star

  • MACD & The Bullish Engulfing Pattern

  • MACD & The Rising Window

  • MACD & The Dark Cloud Cover

MACD to Identify Strength & Weakness

  • MACD & Signal of Weakness

  • MACD & Consistency Vs Inconsistency

  • MACD & Signal of Strength

  • MACD & The Weakness at the Shooting Star

  • MACD & Price Consistency

MACD Histogram

  • MACD Histogram & a Bearish Signal

  • MACD Histogram & a Shooting Star

  • MACD Histogram & an Inverted Hammer

  • MACD Histogram & a Falling Window

  • MACD Histogram & a Bearish Engulfing Pattern

MACD Histogram & Bullish Divergences

  • Bullish Divergence with a Bullish Engulfing Pattern

  • No Bullish Divergence - Example 1

  • No Bullish Divergence - Example 2

  • Bullish Divergence with Long Lower Shadows

  • Bullish Divergence But No Trade

MACD Histogram & Bearish Divergences

  • No Sign of a Bearish Divergence

  • Bearish Divergence Identification

  • Bearish Divergence But No Trade

  • Bearish Divergence with a Hanging Man

  • Bearish Divergence with a Bearish Engulfing Pattern

MACD & Trade Management

  • Riding the Trend

  • Navigating the Windows

  • Change of Polarity

  • Waiting for the Crossover

  • False Bullish Sign

MACD & Real Bodies & Shadows

  • The High Wave Candle

  • Cluster of Spinning Tops

  • The Indecision Candle

  • The Precision of Candlesticks

  • The 10 Black Candles

Preview some of the videos here.

Here is the link to enroll:

Level 7 - Japanese Candlesticks Trading Mastery Program

I will see you on the inside.

Thank you.


Rohit Musale, CFA

3 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.


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