Through his landmark research, bestselling books, and institutional training at major firms like Merrill Lynch and Daiwa Securities, Steve opened the eyes of global investors to the power of price action and market psychology. Today, candlestick charts are the universal standard across virtually every financial trading platform in the world.
In this conversation, Steve pulls back the curtain on how candlesticks first arrived in the West, sharing the cultural and military roots of candlestick patterns, market psychology, and his foundational Trading Triad framework.
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In this episode, we explore:
• How Steve Nison introduced Japanese candlestick charting to the Western world
• Discovering candlesticks at Merrill Lynch through a Japanese broker and early Bloomberg charts
• Translating 13+ rare Japanese books and working with Japanese technical organizationsy
• Why candlesticks complement rather than replace traditional Western technical analysis
• The mechanics behind his "Trading Triad" approach
• Steve’s reflection on how candlesticks became the global charting standard
• Advice for the next generation of traders pulling up candlestick charts today
About Steve Nison:
Steve Nison, CMT, is the founder and president of Candlecharts.com and is widely regarded as the authority who introduced Japanese candlestick charting to the Western world. He authored the landmark classic Japanese Candlestick Charting Techniques, which has been translated into 21 languages and fundamentally changed technical analysis across global financial markets. Over his 30+ year career, Steve has advised top institutional financial firms including Fidelity, J.P. Morgan, Goldman Sachs, Morgan Stanley, NYSE, and NASDAQ market makers and has presented by request at the World Bank and the Federal Reserve.
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Links + Resources:
Get Free Candlestick Resources, a Free Consultation Call, and a $20 Gift towards your first program: https://www.candlecharts.com/welcome
Website: https://www.candlecharts.com
X (Twitter): https://x.com/candlecharts
Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com
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Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 The Pioneer Who Brought Candlesticks to the West
08:15 A Japanese Broker and a Chart Book
09:14 Translating Rare Japanese Texts & Working with Japanese Analysts
11:01 Making Recommendations Based on Candles
14:25 Why Were You the First?
15:40 Military and Cultural History Behind Candlesticks
17:21 The Story Behind Discovering Price Windows
22:40 Everybody's Using Candlesticks
26:17 Dealing with Institutional Clients
28:53 The Lucky Number Three
31:57 Common Misconceptions Traders Have About Candlestick Patterns
33:11 The Trading Triad
37:13 An Ounce of Emotion Can Be Worth a Pound of Facts
41:11 Reflecting on the Global Shift to Candlestick Charting
43:35 Essential Advice for the Next Generation of Traders
44:31 Where to Learn More About Steve Nison & Candlecharts
Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
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