After reading Steve Nison's first book on Candle Charting, and realizing how much sense he made, I naturally started looking around to see what other work he had done. This led me to find the DVD set entitled, "Secrets to Becoming A Samurai Trader."
In this 2 DVD set, Mr. Nison states that he will go into greater depth, and cover material not shown in his books. In addition, I found out that this set covered over 5 hour of material, which made me even more excited. The only down side was the price. At about $500, I had to do some thinking before I made a decision, but I eventually decided to go ahead with it.
After watching the DVD for the first time, I knew that I had spent my money wisely. Just like with his books, Steve Nison does not disappoint. What I liked about this DVD is that Steve does not waste time covering the basic formations, but gets right into the advanced concepts.
Basically how this DVD is setup is that Mr. Nison shows candle charts through what seems to be a PowerPoint presentation, and then discusses his interpretation of the chart. From there, members of the small audience occasionally ask him questions. Steve moves through the charts fairly quickly, so once the 5 hours are up, he has gone through an awful lot of examples. To date, I have watched this DVD set about 7 times, and each time I watch it, I learn something new.
Steve Nison focuses quite a bit on gaps, or as what the Japanese call them, windows. Prior to watching this DVD, I had not fully realized how powerful gaps can be. Other terms that Steve covers include: southern doji, rising three methods, 3 advancing white soldiers, piercing lines, high wave candles, and the rickshaw man.
All in all, I have no complaints about this DVD, as I feel that it was money well spent, and that the knowledge acquired will last a lifetime.
Overall Rating: 10/10
(I have a video clip of this DVD in my blog archive)
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