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    Thread: Japanese candles

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      Default Japanese candles

      Japanese candles Is one of the most famous technical analysis methods in the Forex market. The beginning of the Japanese candles came in the eighteenth century and there was a large turnout from the merchants to this day. The name of the Japanese candlestick came from its shape on the chart, where the chart is represented in a candle-like manner. The Japanese candlestick chart clearly reflects the relationship between the opening and closing price, as well as the highest and lowest price reached by the pair within a certain period of time.
      The lower horizontal line represents the opening price, while the upper horizontal line represents the closing price. Top and bottom horizontal lines display the highest and lowest price during the time period. According to the direction of the movement of the price of the currency, the body of the candle takes a certain color, usually black or white.


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      Tunji (08-17-2019)

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      Japanese candlesticks is a visual form for displaying charts invented in the 18th century by a Japanese rice trader named Munehisa Homma. They differ from bar charts and line charts, because they give more information and can be more easily read. Let’s take a look at the image below:

      Japanese Candlestick Scetch

      This simple sketch points out all the information a Japanese candlestick will give you. The two candles displayed are a bullish (green) and a bearish (red) candle. Each candle shows the price at which the candle (the time frame) was opened, the price at which the candle was closed, the highest and the lowest price reached. Note that the bearish candles (red) move downwards, so “close” and “open” places are switched. Now look how Japanese candlesticks looks on a price chart.


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      japanese candelstick is a style of financial chart used to describe price movements of a security, derivative, or currency. ... Candlestick charts are most often used in technical analysis of equity and currency price patterns


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      Mastering candlesticks can take years, and a lot of candlesticks can't work together. First you have to start with one or two formations and with that you have to look at different movements for a long time. For example, a candlestick is a pinbar that can be started with one pinbar, then the a pinbar will provide many types of formations that need to be practiced a little bit every day. In this way, you will have to practice slowly knowing about the candlestick and entering the demo. But hopefully the veterans will explain with a little picture so that we who are new can learn something .
      Touhid Alam


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      On every trading platform we have three different representation of the display of the market on the screen which are line chat, bars chat and candlestick patterns and the choice is left for the trader to choose. Amongst these three chart representation, the most popular is the candlestick pattern.
      The candlestick was invented by a Chinese rice trader called Munehisa Homma. With the help of the candlestick in addition with the size of the candlestick, he was able to predict whatever the price of the commodity will do in every trading session because the candlestick provides you the Open, High, Low , Close of everything that happened in a particular trading session. Because of this, many traders tends to tends to stick to the candlestick because it give a complete information of what the market makers have done , what they're doing and also predict for you their future plans.


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      Quote Originally Posted by Nadaxaxi     
      Japanese candles Is one of the most famous technical analysis methods in the Forex market. The beginning of the Japanese candles came in the eighteenth century and there was a large turnout from the merchants to this day. The name of the Japanese candlestick came from its shape on the chart, where the chart is represented in a candle-like manner. The Japanese candlestick chart clearly reflects the relationship between the opening and closing price, as well as the highest and lowest price reached by the pair within a certain period of time.
      The lower horizontal line represents the opening price, while the upper horizontal line represents the closing price. Top and bottom horizontal lines display the highest and lowest price during the time period. According to the direction of the movement of the price of the currency, the body of the candle takes a certain color, usually black or white.
      The Japanese Candlestick is one of the three charting tools used to trade Forex, others are the line chart and the bar chart, but the Japanese candlestick is quite unique because it helps us see the opening price, the closing price, the high and low for a period, depending on the colors, it can signify bullish or bearish market situations.


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