Nison's Candlesticks Unleashed
Nison's Candlesticks Unleashed (NCU) will help you capitalize on the fluctuating price movements of the market.
Generate reliable trading signals with this ingenious trading system based on Steve Nison's favorite candlestick signals and market trends.
NCU comes equipped with powerful tools you can use to: determine whether the global market forecast is bullish or bearish, screen for buy or short stock positions, generate daily risk / reward ratios, and much more.
TOP
Nison's Candlesticks Overview
Leave it to noted trade expert Steve Nison to spearhead the creation of an innovative trading program that capitalizes on the fluctuating, yet highly predictable price movements of the markets. You'll receive:
- An Expert Advisor helps you determine whether the climate in the global stock market is bullish or bearish. That way, you'll have the benefit of knowing whether you should be bullish, bearish, or neutral.
- Depending on whether the overall market is bullish or bearish, use one of two explorations to screen for the strongest Buy or Short Trade candidates. These explorations (Bull and Bear) search for stocks showing any of their eight candlestick patterns. And based on Steve Nison's proprietary formula, the exploration report will also reveal which of those stocks show greatest evidence of movement in favor of a trade; whether it be up or down.
- NCU provides you with a Reward/Risk Ratio to decrease risk and protect your money. By using the limit price provided by the Expert Commentary to enter your trades, you are ensured of opening the trade with an acceptable Reward/Risk ratio, that being -- your potential for gain is 50% greater than your potential for loss.
- Monitoring your trade... NCU adapts to the stock's movement and recalculates the daily numbers to give you the most strategic exit signals. Nothing could be more dynamic or robust!
Simple, yet reliable and robust, Nison's Candlesticks Unleashed will prove to be a powerful addition to your trading program - Guaranteed!
NCU comes equipped with powerful tools you can use to: determine whether the global market forecast is bullish or bearish
History has shown that about 70% of the short-term movement of individual stocks is attributable to the movement of the overall stock market in general. So, accurately determining the climate of the market is vital step towards decreasing your trading risks.
The introductory step in the NCU process answers two very basic questions: "Should I be screening for long trades, short trades, or neither?" And "How aggressive should I be?"
The "NCU - SPY Global Market Monitor" expert advisor lets you measure the overall global stock market's potential to move up or down over the short-term. This exclusive tool calculates and combines trend, volatility, volume, and price momentum to determine whether you should be: bullish, conservatively bullish, bearish, conservatively bearish, or neutral toward stocks in general.
Now that you've determined the type of overall market climate that currently exists, you're already on the road to increasing your probability for success!
Screen the NCU Watchlist for the strongest Buy or Short Trade candidates
This step is at the heart of the NCU trading system. Depending on whether the overall market is bullish or bearish, you'll use one of the two explorations. The NCU-Bull exploration searches for stocks showing any of the four bullish patterns, and the NCU-Bear exploration searches for the counterpart bearish patterns.
These explorations scan your Watchlist of stocks for those showing a candlestick pattern formation, based on the most recent day in your data file. And based on Steve Nison's proprietary formulas, the exploration report will also reveal which of those stocks show the greatest evidence of movement in favor of a trade - whether it be an upward or downward thrust. Now it's time to open the chart of the stock, attach the appropriate expert, and view the expert commentary.
NCU provides you with a Reward / Risk Ratio to evaluate risk and protect your money
For NCU to give a buy or short signal, the measured Reward/Risk ratio must be at least 1.5 to 1.0. This means that if you are in a long position, the potential gain to the upside Sell Limit must be at least 50% greater than the potential loss to the downside Sell Stop.
The Expert Commentary gives you a Limit price to use when placing your order with your broker. By always using a Limit order to enter your trades, you are ensured of opening the trade with an acceptable Reward/Risk ratio.
NCU adapts to the stock's movement and recalculates the numbers to give you the most strategic exit signals
Once you've entered a Buy or Short trade, NCU provides daily commentary so you can adjust your Stop Loss and Limit orders. By analyzing the recent volatility, pivot highs and lows, and the open trade's ever-changing reward to risk ratio, the Expert Commentary calculates (and recalculates) precise points to place your ongoing Sell or Buy Stop orders. Nothing could be more dynamic or robust!
The powerful plugin brings you the very best of Steve Nison's research in both Eastern and Western charting techniques. We invite you to try Nison's Candlesticks Unleashed for a full 30 days. If you don't agree that the precision and effectiveness of the tools built into this plugin result in amazing earning potential, send it back to us within 30 days for a full refund of the purchase price - no questions asked!
NOTE: this plugin does not work well with FOREX Markets. For FOREX, instead consider Performance Systems Plus or PowerPivots Plus.
TOP
About Steve Nison
Steve Nison, CMT is acknowledged as the Western world's leading authority on candlestick charts. He is president of CANDLECHARTS.COM, which provides education and advisory services to institutions and private traders. He has also trained professionals in over 18 countries and from almost every major investment firm, on how to apply - and profit from - these methods.
Mr. Nison is the author of two "bibles" on candlestick charts: Japanese Candlestick Charting Techniques and Beyond Candlesticks.
TOP
NCU Requirements
Important: Works with MetaStock End-of-Day 7.2 or higher.