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The only signifiant candle patterns you need is the hammer/shooting star and engulfing pattern. All the other patterns are not really relevant to see, and can be ignored in my opinion. They basically indicate reversals, so come with a lot of warning.
candlestick chart ka ek pattern hai. jisme chart ka movement ek candle ke roop main hota hai.
candlestick chart se hame open, close or high and low ki ache se information mil jaati hai.
Ardi the Candlestick is really very help for the traders specilly for the traders who know how to read those candles because it can give ur a clear idea about the current trend of the markets and help us to predict the next comming trend !Quote:
Originally Posted by ardi
hum chart main 2 type ke candle sticks pate hain bullish aur bearish candles aur ye aik ke baad dosara is kram main aate hain , hum her time frame main same pattern nahin pate jaise ki 1m TF main bull candle ho sakta hai aur 1 hr TF main bear , candle formation aur iske several patterns ko janan a bahut important hai aur sath main iske matlab ko janna bhi , hamain longer TF ke candle ke hisab se trade ko anjaam dena chahiye aur buy /sell karna chahiye .
perhaps the definition is not difficult, I want to talk about the benefits of Candlesticks instead :D, you would be headache if you just look at the numbers and try to compare them without Candlesticks, and all of these numbers can not make the curve bends that be used for trend analysis is effective :D, there're many benefits of using candlesticks:)
At forex market candle stick pattern is very important and without understanding it properly success is not possible .So to understand the candle stick pattern nicely you can read a great book "candlestick chart pattern" written by Steve nison and in this book you will be able to understand everything related with candle stick .
There is a lot of candles Japanese are very important to know the direction of the market the next and most important of these candles is the candle reflectivity, which reflects the market trend in the candle, which immediately followed, and take the opposite direction for a period of good, especially if the candle on the frame large was believe much for you, of course not good to rely on candles alone ..
Candlestick used as exchange early in Japan now its popular to all over the world and its very useful in determine price patterns.Mostly it is useful in price reversals.
The candlestick is a type of our chart others are the line and graph chart. The candlestick usually forms different patterns that would have an interpretation to know what should be expected from the market in the next formation of the candlestick. You can read on candlestick patterns and their interpretations at candlesticker site.
It doesn't really matter what candlestick is. The only thing that matters about candlesticks is what they can tell you about market's condition. They can tell you a lot. I recommend you Steve Nison ebook- he is the master of candlesticks. Trading is much easier when you understand candlesticks.