i think japanese candlesticks is the best for technical analysis.i use it to detect divergence.
Printable View
i think japanese candlesticks is the best for technical analysis.i use it to detect divergence.
if you can undrstand all about japan candlestick secrets and philosophy, I think you need no more addition of indicators to trade forex. There are lots of candlestick secrets that we do not know about, and lots of chart expert try to dig the secret untill now
yes there is no other technical analysis as good as japanese candlestick. candlestick pattern with support and resistance will be also found good and best for the beginners as finding divergence is a little difficult for them. however your strategy is one of the best i think. you haven't mentioned which oscillator and time frame have been used.
japanese are boss. i also use it for few days. it gives better analysis from others. so i really appreaciate your concern about forex and japanese candlesticks . best of luck
I agree that the japanese candle stick is the best trading strategy for technical indicators. The japanese candlestick usually forms various patterns and these patterns are usually used for analysing the market as they have different interpretations from the various patterns.
Do you mean the standard candlesticks that you use, or do you mean the Heiken Ashi candles? They are both Japanese I think. I use candlesticks on my charts all the time, but they give a lot of false signals. I don't really ever use candlesticks for analysis, but they just make price easier to see. The only pattern I trust is the long wicked hammer or shooting star - everything else can be ignored.
yes me too i use japanese candlesticks to see what kind of candle is it . it really show me where the market will go depending on the type of the candle , many good traders use it for most analyzes , it was a break through in Forex market
Using any candlesticks is good but I also think that japanese ones are more easier to use and helps to get more profit
Candlestick is the best
I think is the best candlestick analysis.i technique used to detect the differen
can you please explain more about this analysis ... or share some resources about it ... what indicators do u use ... i have read about this but never tried it ... i will try it in my practice account ..
many traders say it. and this is e=very useful if you do not mind to explain to us and maybe with using the image then we will clear to get the understanding from it, and i believe that you have already mastered it..
thank you very much
I also think that Japanese candlestick is best for forex analysis. It is easy to understand and a trade can easily analysis to use it. Most of the trader use it because of it easy using. By use it a trader can easily identify the support and resistance point of the trend.
YOu are right dear japanese candle stick is the best most of trader's like this because of it's pattern the reason is when we combine patterns with technicals at that time we get good results, patterns give us the information about move and technicals give the information about the strength of move so this combination amke them best.
I do not like this strategy, maybe it does not fit my trading style. While you think is the best japanese candelstick.
I keep hearing about Japanese candle sticks. I would really love to know about it more. I personally have great respect for Japanese findings and I am quite confident that they would not go wrong. Please keep me up to date if you have detail explanation about them with pictures. Thanks in advance.
Many online brokers today used the red and green color scheme rather than the white and black color scheme. Trends can be easily seen even by newcomers this way, because green candles signify price increases while red candles indicate that price has decreased.
Well, this is the main thing why many traders of today can have the bets out of the market really, it is still the bets in the market as far as i am concerned also.
There are so many times when candlesticks do not work. You also must remember than one candle in one timeframe may show a different candle in another. A 4 hr bear may be a 15 min bull hammer so you need to be careful.
in order to create a candlestick chart, you must have a data set that contains open, high, low and close values for each time period you want to display
Candle stick is indeed one of the many indicators used by traders because it is easy to use and to predict the order, while to predict the trend of this indicator is usually in combination with moving averages
3 main rules about Leading candle >1. Leading candle must be no larger than candle 1 and 2.That mean Leading candle Lows for sell setup mustn be lower from lows of candle 1 and candle 2 for buy setup oposite.Leading candle Highs musnt be higher than highs from candle 1 and candle 2:)))
Most of the trader use Japanese candle stick pattern for this reason am also using this because i think it is very easy to understand about the market and if a trader can understand a candle chert perfectly then they can get profit using this in their trade,
if you can undrstand all of the secrets japan candlestick and philosophy, I think you need more no more indicators for forex trading. There are many secrets chandelier that we do not know, and many chart expert trying to dig the secret until now
---------- Post added at 10:45 PM ---------- Previous post was at 10:40 PM ----------
how about the good old trendlines . they are a sure way t know the trend has changes . i know its one of the oldest techniques are ond and that is what makes it a winning strategy to know about a trend change. i sue it all the time on the 4hr charts and trust me it works wonders . especially when we have a rest3est of the line and it fails you can be sure it will go down or up in a major way
Fibonacci Fan you just get it via tools/fibonacci/fib fan and pull it out. You just use it in the same way as fibonacci - you are counting on the fib lines to be used as support and buy off that trade. I suppose it is one way to use fibonacci that is not traditional, but I do not use it.
Japanese candlesticks is one way of reading the market and determining price action. It is seen as some traders as the best and it has failed many other traders. What I come to notice is that when we have a good way of reading the market we should seek to combine it with other ways too so that if one way fails we will not be stranded in our trades.
i am cannot hear before about Japanese candlesticks so how cai say any things about your say but why not you are share here every things about Japanese candlestick. if you are take very good result using it so share for me its.
yea , I must be think that , Japanese candlesticks are the best for the technical analysis .
Many Traders are use it there analyze .
The more look at candlesticks the less I think they are useful. They basically help a trader think that there is a top or bottom and that misleads people. I think that using a candlestick is not good because the patterns do not work - just test them out - find me one successful candlestick trader!
I think that Japanese cannibalistic is the best any other pair,Because,you can earn more money than any other money.So, everyone should follow this pair for forex trading.
candlestick is a very good indicator of the price, because it is a manifestation of the change in the price itself, if you use a strategy of price action will be easier to apply and read the pattern of movement patterns by simply using candlestick which we combine with a range of daily range pair
There are lots of candlestick secrets that we do not know about, and lots of chart expert try to dig the secret untill now.I think is the best candlestick analysis.i technique used to detect the differen
Stock and commodities veteran Phil Storer prefers bar charts among the different methods that exist for plotting price movements in markets, but says other systems like candlesticks are useful too. The approach an investor chooses depends on his trading style, long-term objectives and even geography. Once a charting system is selected, however, the best strategy is to adhere to it and learn how to read all of that method's signals.
well i have been making use of the candle stick but i never know we have japanese candlesticks and based on your analysis i think i have to make my research to see how far this japanese candlesticks can go for me in making the numbers of pips i really wanted in the forex market and i shall get back to you when am through
I think you need no more addition of indicators to trade forex. There are lots of candlestick secrets that we do not know about.it really show me where the market will go depending on the type of the candle , many good traders use it for most analyzes , it was a break through in Forex market.. I don't really ever use candlesticks for analysis, but they just make price easier to see. The only pattern I trust is the long wicked hammer or shooting star - everything else can be ignored.
Dear Me too use Jappeniss candlestick . This chart is very use full for getting more benefit from FX . so every trader should know to use this pattern . i guess we have to know this pattern.
Thanks
I agree that the japanese candle stick is the best trading strategy for technical indicators. The japanese candlestick usually forms various patterns and these patterns are usually used for analysing the market as they have different interpretations from the various patterns.