Medical Book
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Medical Book

Buy Textbooks | Autoclaves | stethoscopes | Buy Books Online | Buy Medical Textbooks | Textbooks | Equipment | Nutrition | USMLE | MRCP | MRCS | Dental | Sport Medicine | Cardiology | Medical Textbook | Surgery | Pregnancy | Anatomy | Radiation | Pedia |
 
HomeLatest imagesPublicationsRegisterLog in

Share
 

 Japanese Candlesticks

View previous topic View next topic Go down 
AuthorMessage
painofhell

painofhell

Male Posts : 669
Birthday : 1990-05-18
Join date : 2014-08-16
Age : 34
Job/hobbies : forex

Japanese Candlesticks Empty
PostSubject: Japanese Candlesticks   Japanese Candlesticks Icon_minitimeFri Nov 28, 2014 7:07 am

Japanese Candlesticks is one of the most popular types of technical analysis in the currency market. It came from Japan in XVIII century and is of high demand among world traders to the present day. Japanese candlesticks got their name from the chart shape, as its elements visually resemble candlesticks. The chart reflects correlation of price opening and closing levels, and show maximum and minimum points of a price band within certain time frames. 


The system of chart coordinates is a cylinder called a candlestick body which outlines the range between opening and closing prices. 
Japanese Candlesticks Japanese_candlesticks_en_1


The lower horizontal line shows the opening price (open), the upper one is closing price (close). Upper and lower vertical lines show maximal (high) and minimal (low) prices. Depending on a currency rate change for some period, the candlestick body is colored into a certain color, as a rule, into black or white. 


Interpretation rules of Japanese candlesticks chart: 
Japanese Candlesticks Japanese_candlesticks_en_2


•  Equal values of opening and closing prices are shown as one horizontal line on a chart, and the candlestick body takes a christcross form 


•  In case the opening price exceeds the closing one, the body becomes black-colored denoting the market downtrend. 


•  In case the opening price is below the closing one, the body remains white denoting the market uptrend. 


•  The candlestick body outlines the gap between opening and closing prices. 


•  As soon as all candlestick elements are fixed and the body is completed, the chart moves to the right and a new candlestick takes its rise in another time frame. 


In such a way, the chart is a candlestick sequence reflecting the price movement dynamics and allowing a trader not to waste time with calculations.

Share
Back to top Go down
 

Japanese Candlesticks

View previous topic View next topic Back to top 
Page 1 of 1

 Similar topics

-
» japanese candlesticks
» Containment of Japanese Yen Strength
» Containment of Japanese Yen Strength
» The Harami Japanese Candlestick
» Hanging Man and Hammer – Japanese Candlestick

Permissions in this forum:You cannot reply to topics in this forum
Medical Book :: Forex :: Forex Education and Learning-