[Udemy Course] Level 12 – Japanese Candlesticks Trading Mastery Program by Rohit Musale, CFA

What you’ll learn

Why the ADX is Crucial to Your Trading Success Rate Enhancement

How to Use ADX to Filter Out the Bullish & Bearish Divergences Identified by the RSI

How to Use ADX to Filter Out the Bullish & Bearish Pullbacks Identified by the Bollinger Bands

How to Use ADX to Filter Out the RSI Upside & Downside Breakout Trades

How to Use ADX to Filter Out the Price Upside & Downside Breakout Trades

Learn the ADX Bull Line & Bear Line Trades to Enter the Market at the Right Time

How to Precisely Time the Full Exit from a Position After a Prolonged Trend Using the ADX

Learn the Dynamics of the Sleeping Giant Trade Setup Using ADX

All the Levels of The Japanese Candlesticks Trading Mastery Program are designed to help you :

Learn How to Trade Stocks, Forex & Commodities Using Candlesticks & Technical Analysis to Become a Professional Trader

This is going to be more like a sequel to level 10 and 11, in a sense that, we are going to build on what we have already learnt in level 10 and 11.

In Level 10, we looked at all the ways of using the Bollinger Bands.

In Level 11, we combined Bollinger Bands, RSI and Candles to generate powerful trade setups.

Now, what if I told you that, there is something called as directional movement, which allows you to identify, whether you should be trading a particular market or not, at that very moment.

And this is extremely powerful.

Before even we apply the Bollinger Bands & RSI to the chart, would it not make sense to figure out if that market is worth trading or not, at that moment?

That’s where the directional movement system comes in.

It is also called as the ADX (Average Directional Index).

Hence, this course is going to be a deep dive into the ADX.

The ADX, when you first look at it, looks very complicated.

However, I can tell you from my experience that, there is nothing that is simpler than the ADX.

There is nothing that is easier than the ADX indicator.

I would say, it is easier than RSI, inspite of the fact that the ADX has three lines, and RSI has got only one. I will discuss that in the course.

The mathematics behind the ADX is far more complex than that of the RSI, but the application of the ADX lines are far easier than that of the RSI.

Now, a combination of Bollinger Bands, Candlesticks, RSI and ADX, is a very powerful way to build your own trading system.

So, we will use the Bollinger Bands to identify whether we are getting into a continuation or a reversal trade.

Then we use RSI and Candlesticks to support our view on the market.

And then we will use the ADX, as a filter on the market, to weed out the unwanted markets.

That’s the general process we will follow, and we will see multiple chart examples of this.

Here the sub-topics covered in the course: [14 sections]

Introduction

Introduction

Book Recommendations

The Basics

The ADX & DMI Lines

The Market Domination

The Market Takeover

The Overheated Market

The Sleepy Market

The Key ADX Level

Summary of the Basics

Filtering the Bullish Divergences

The Bullish Divergence Foreseen by the ADX

The Importance of the ADX Filter

The W Bottom with ADX Filter

Identifying the Correct Bottom using ADX Filter

The Falling ADX with a Rising Window

Filtering the Bearish Divergences

The Two Hanging Man Candles

The Falling Window Coinciding with a Declining ADX

The Decline of ADX from the Top

The Shooting Star & a Falling Window

The Star at the Top

Filtering the Bullish Pullbacks

The Power of the Simple Moving Average

The Turn of the Upper Band

The Importance of Adapting to Market Conditions

The No-Brainer Trade Setup

Let Go of this 50+ ADX Trade

Filtering the Bearish Pullbacks

A Classic Bearish Pullback Trade

The Falling Window Continuation

The Importance of a Filtering Criteria

Let Go of this 40+ ADX Trade

The Importance of a Correct Stop Level

Filtering the RSI Upside Breakouts

The Small Rising Window Upside Breakout

The High Wave Green Candle Breakout

The Tall Green Real Body

The End of a Downtrend

The Price Confirmation of a Piercing Pattern

Filtering the RSI Downside Breakouts

The Multi-Tested Uptrend

The Death Blow Breakout

The Correct Angle of a Price Trendline

The Tall Red Real Body Candle

The Decisive Candle

Filtering the Price Upside Breakouts

The Simplest of all Trade Setups

The Non-Confirmation from the ADX at a Breakout

A Strong Up Move

The Breakout After a Long Consolidation

The Importance of ADX Strength

Filtering the Price Downside Breakouts

The Shaven Head Shaven Bottom Candle

The Falling ADX at a Downside Breakout

The Rising ADX at a Downside Breakout

The Downside Breakout with a Clear Weakness

The Falling Window Breakout of a Support

The Bull Line Trade with ADX

The Rising Window Confirmed by the Rising ADX

The Strong Bullish Momentum

The Crucial Importance of Few Windows on a Chart

The Rising Momentum

The Decisive Upside Push

The Bear Line Trade with ADX

Following Along with the ADX Strength

The Hidden Trading Opportunity

You Will Miss Some Great Opportunities

Choosing the Correct Falling Window

Riding the ADX

Timing the Exit of a Position

The Logic Behind the Early Full Exit

Respecting the Signal by the ADX

Save Time with the ADX Warning

The Major Trend has Stumbled

The ADX Downtick at the Doji

The Sleeping Giant

Wait for the Trend to Emerge

The ADX Crossing the 20 Level

Exit Using the Candle Patterns

No Signal to Trade

The Correct Positioning of the Stop Loss Level

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 : The material presented here is for educational purposes only. Please do your own 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. I am not a registered investment advisor with any regulator or institution in the world. I do not provide any buy/sell recommendations. I do not provide any investment tips or trading tips. I do not provide investment advice. All of my content is for educational purposes only. Please do your own due diligence before making any financial decision.

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