Candlesticks and its strategy

[bentoline]

The candle stick chart is closely related to the bar chart. it also consist of four major prices: high, low, open, and close. the opening and closing prices form the body of the( jittai) candlestick

to indicate that the opening was lower than the closing, the body of the bar is left blank. in its original form, the body was colored red. the current standard electronic displays allow you to keep it blank or select a color of your choice.

why i decided to provide these information is to help beginners understand few things: that may start them off as demo traders. don't feel ever, that these few details are enough for forex trading. i mean, the real.

[myfx]

Many Trader Use Candlestick Pattern to Entry The Market

Don't Trade If You Don't know this

And Dance with the market after You know this Candle

Bullish Candlestick Patterns


Bearish Candlestick Patterns

[bestlooser]

well these are too many and we have to spend some time and we can practice this out in demo trading so just give a try and see how this work? but never expect 100% result. but 70 or 80% will do it.

[Onuron42]

well these are too many and we have to spend some time and we can practice this out in demo trading so just give a try and see how this work? but never expect 100% result. but 70 or 80% will do it.

Candelstick is one of the main part of chart analysis. but remember that the market always not move same-way to candlestick.u take a position after candlestick pastern and your analysis, but if market reject the candle stick. then i think it's time to close the trade manually.coz the market may go wrong way base of your analysis.

[denjohn]

Download:
Doda-Stochastic.mq4 (5.9 Kb) View

Description:

This is another variant of stochastic indicator. The normal stochastic indicator gives buy, sell signals many times even if price is trading on single direction. This indicator gives less signals i.e. filters out false signals and gives clear alert on screen for buy or sell.

Another point, which I must disclose here is that I'm not the original coder of this indicator. I've changed some code and added alerts. Credit goes to original coder.
Image:

[Doda-Stochastic indicator]

[meong]

Download:
Doda-Stochastic.mq4 (5.9 Kb) View

Description:

This is another variant of stochastic indicator. The normal stochastic indicator gives buy, sell signals many times even if price is trading on single direction. This indicator gives less signals i.e. filters out false signals and gives clear alert on screen for buy or sell.

Another point, which I must disclose here is that I'm not the original coder of this indicator. I've changed some code and added alerts. Credit goes to original coder.
Image:

[Doda-Stochastic indicator]

first.. your link didn't appear,
second can you explain more detail how to read it an the correlation with candle stick pattern?
usually i use candle stick patter only read the candle stick shape or pattern without any indicator

[Ando21]

well these are too many and we have to spend some time and we can practice this out in demo trading so just give a try and see how this work? but never expect 100% result. but 70 or 80% will do it.

yeaa agree. . .there are many kind of candle sticks to remember, but maybe we need some explanations about each kind of candle stick mentioned above to make sure how to get a signal with every candle stick. . .thanks for the information, this is very useful for a beginner like me. . .

[simanchal]

A candlestick chart is closely related to bar chart , which consists of 4 major prices :high , low , open and close .
the opening and closing prices from the body of candlestick .
To indicate that the opening was lower than the closing .

[Cashcube]

I have that full set chart. There is total 105 of different candle stick patterns.
Its really hard to remember all.Not all the patterns are profitable.Some are famous like doji,Shooting star,engulfing and so on.

[techboy]

I have that full set chart. There is total 105 of different candle stick patterns.
Its really hard to remember all.Not all the patterns are profitable.Some are famous like doji,Shooting star,engulfing and so on.

We cannot trade all the candlestick we just choose the most profitable pattern such as hammer,shooting star, bullsh and bearish engulping pattern, combined it with other indicator then it will give high probability setup for us.