Candlestick is charting style which represent the markets price with some good direction. Candlestick pattern give us good trading idea by which we can get some high probabilities trades.
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Candlestick is charting style which represent the markets price with some good direction. Candlestick pattern give us good trading idea by which we can get some high probabilities trades.
I score scan some candle adopt patterns but rattling don't get object these are misused to find out currernt price-action. Candlestick charts are reformatory in knowing prevalent and tense value activeness and help in measuring and determining industry forecast.
I do not agree with your opinion because candlestick not a signal. It is symbol which shows a certain time period market position. It may me 1 minute, 5 minute, 1 hour, 1 day or even 1 month market positions shows a candlestick.
actual candlestick chart is a view that was discovered by the Japanese to facilitate the reading rates. consists of four parts: the opening price, closing, highest and lowest prices. price increase and a decrease in color. pattern displayed by the candlestick is then used as an analysis by some traders.
candalistic chart boaht he best chart hot hy ap is me easy fluctuation ka pta laga sakty hen is me ap ko indicator be kafi benifit deytay hen is liye bohat sy trader isi chart ko apni trading plate form me use kar rahy hen or kafi profitable btaty hen
Quote:
Originally Posted by forexpips
I think candlestick is the most important indicator, because all of indicator based on the candlestick, the candlestick is the pattern shaped by the price in the market for every pairs every time has the different characteristic. so, by learning this candlestick we can analysis the characteristic of the market. I'm sorry if I have mistake. I still beginner in forex.
thank you
candlestick charts are a visual aid for cecision making in stock, foregn exchange commodity, and optional trading. for example, when the bar is white and high relative to order time periods, it means buyers are very bullish. the opposite is true for a black bar.
yes the candle is not there just a kdi signal our trade show every day or 4 days or according to our wishes candel will move to follow the market trend and if the signal is influenced by economic newsQuote:
Originally Posted by leherchand
There are various types of motion candlestick, and have a different interpretation. There are separate guides for studying the movement candlestick. I trade using signals from candlstick, and so far can be counted on to achieve a profit.
Yes, candlestick is not signal but it's pattern of condition in market which has happened. It can be used as signal if we knew the patternQuote:
Originally Posted by leherchand
of candlestick but it's not always exactly same condition. Sometimes, price could move out of prediction too because there is no one who
could know what will happen in the world. Candlestick will only help traders to give informations about the movement of price which has
happened in 1 minute ago, 5 minutes ago, an hour ago, 4 hours ago, etc.