What is Candlesticks?

[norix]

unique character often used in trade naked trading, because they have some criteria when trading in accordance with its name, this candle if hooks could memorize very good and can learn to trade

[sonali]

the candlestick stays styles is very great in forecasting the long run goes in the market and can be used as an effective way of reviewing easy pips for investors which range from swinger to scalpers.
thanks and happy pips

[orchid]

Candlesticks can be used for any time frame, whether it be one day, one hour, 30-minutes - whatever you want! Candlesticks are used to describe the price action during the given time frame.

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Candlesticks are formed using the open, high, low, and close of the chosen time period.

If the close is above the open, then a hollow candlestick (usually displayed as white) is drawn.
If the close is below the open, then a filled candlestick (usually displayed as black) is drawn.
The hollow or filled section of the candlestick is called the "real body" or body.
The thin lines poking above and below the body display the high/low range and are called shadows.
The top of the upper shadow is the "high".
The bottom of the lower shadow is the "low".

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Sexy Bodies

Just like humans, candlesticks have different body sizes. And when it comes to forex trading, there's nothing naughtier than checking out the bodies of candlesticks!

Long bodies indicate strong buying or selling. The longer the body is, the more intense the buying or selling pressure. This means that either buyers or sellers were stronger and took control.

Short bodies imply very little buying or-selling activity. In street forex lingo, bulls mean buyers and bears mean sellers.

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Long white candlesticks show strong buying pressure. The longer the white candlestick, the further the close is above the open. This indicates that prices increased considerably from open to close and buyers were aggressive. In other words, the bulls are kicking the bears' butts big time!

Long black (filled) candlesticks show strong selling pressure. The longer the black candlestick, the further the close is below the open. This indicates that prices fell a great deal from the open and sellers were aggressive. In other words, the bears were grabbing the bulls by their horns and body-slamming them.

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Mysterious Shadows

The upper and lower shadows on candlesticks provide important clues about the trading session.

Upper shadows signify the session high. Lower shadows signify the session low.

Candlesticks with long shadows show that trading action occurred well past the open and close.

Candlesticks with short shadows indicate that most of the trading action was confined near the open and close.

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What is a Japanese Candlestick??????

While we briefly covered candlestick charting analysis in the previous lesson, we'll now dig in a little and discuss them more in detail. Let's do a quick review first.

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What is Candlestick Trading?

Back in the day when Godzilla was still a cute little lizard, the Japanese created their own old school version of technical analysis to trade rice. That's right, rice.

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A westerner by the name of Steve Nison "discovered" this secret technique called "Japanese candlesticks", learning it from a fellow Japanese broker. Steve researched, studied, lived, breathed, ate candlesticks, and began to write about it. Slowly, this secret technique grew in popularity in the 90s. To make a long story short, without Steve Nison, candlestick charts might have remained a buried secret. Steve Nison is Mr. Candlestick.

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Basic Candlestick Patterns
Spinning Tops

Candlesticks with a long upper shadow, long lower shadow and small real bodies are called spinning tops. The color of the real body is not very important.

The pattern indicates the indecision between the buyers and sellers.

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The small real body (whether hollow or filled) shows little movement from open to close, and the shadows indicate that both buyers and sellers were fighting but nobody could gain the upper hand.

Even though the session opened and closed with little change, prices moved significantly higher and lower in the meantime. Neither buyers nor sellers could gain the upper hand, and the result was a standoff.

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If a spinning top forms during an uptrend, this usually means there aren't many buyers left and a possible reversal in direction could occur.

If a spinning top forms during a downtrend, this usually means there aren't many sellers left and a possible reversal in direction could occur.

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Marubozu

Sounds like some kind of voodoo magic, huh? "I will cast the evil spell of the Marubozu on you!" Fortunately, that's not what it means. Marubozu means there are no shadows from the bodies. Depending on whether the candlestick's body is filled or hollow, the high and low are the same as its open or close. .

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sorry can't attached picture of candle sticks "white or black".

A White Marubozu contains a long white body with no shadows. The open price equals the low price and the close price equals the high price. This is a very bullish candle as it shows that buyers were in control the entire session. It usually becomes the first part of a bullish continuation or a bullish reversal pattern.

A Black Marubozu contains a long black body with no shadows. The open equals the high and the close equals the low. This is a very bearish candle as it shows that sellers controlled the price action the entire session. It usually implies bearish continuation or bearish reversal.

[3etman]

candle sticks is a technique found in trading rice in the early centuries in japan , it makes speculation and future predictions easier for traders , which helps them to decide their way in the market easier
the candle sticks patterns is very great in predicting the future moves in the market and can be used as an effective way of scoring easy pips for traders ranging from swinger to scalpers.

[ladoali]

candelstic japnees chart ha mostly trader yahe use karty ha kio ka is samjna easly hota ha
aur is sa hm easly puhchan kar sakty ha ma b apni trade ma yahi chart use karta ho .

[orchid]

Pls first you read cool and think it. This post is newer of forex traders.

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What is a Japanese Candlestick?

While we briefly covered candlestick charting analysis in the previous lesson, we'll now dig in a little and discuss them more in detail. Let's do a quick review first.
What is Candlestick Trading?

Back in the day when Godzilla was still a cute little lizard, the Japanese created their own old school version of technical analysis to trade rice. That's right, rice.

---------- Post added at 10:36 PM ---------- Previous post was at 10:35 PM ----------

A westerner by the name of Steve Nison "discovered" this secret technique called "Japanese candlesticks", learning it from a fellow Japanese broker. Steve researched, studied, lived, breathed, ate candlesticks, and began to write about it. Slowly, this secret technique grew in popularity in the 90s. To make a long story short, without Steve Nison, candlestick charts might have remained a buried secret. Steve Nison is Mr. Candlestick.

---------- Post added at 10:37 PM ---------- Previous post was at 10:36 PM ----------

What is a Japanese Candlestick?

While we briefly covered candlestick charting analysis in the previous lesson, we'll now dig in a little and discuss them more in detail. Let's do a quick review first.
What is Candlestick Trading?

Back in the day when Godzilla was still a cute little lizard, the Japanese created their own old school version of technical analysis to trade rice. That's right, rice.

A westerner by the name of Steve Nison "discovered" this secret technique called "Japanese candlesticks", learning it from a fellow Japanese broker. Steve researched, studied, lived, breathed, ate candlesticks, and began to write about it. Slowly, this secret technique grew in popularity in the 90s. To make a long story short, without Steve Nison, candlestick charts might have remained a buried secret. Steve Nison is Mr. Candlestick.

[roopesh11]

Forex trading me Japanese candlesticks bohot hi famous hai. Sab traders isko use karte hain trading me. Isko samajhna bohot hi easy hota hai aur hum isko identify bhi kar sakte hain easily. Mai apne trading me har waqt candlestick pattern use karta hun.

[orchid]

Candlesticks are a Japanese charting technique that was developed as early as the 1600's, when they were used for predicting rice prices-rice futures was one of the world's first futures markets in light of the military environment of the Japanese feudal system during that time.

Candlesticks are very similar to bar charts, but the easy to read color depiction of the price action makes it simpler for traders to gauge market psychology and price action.

Candlesticks are composed of a currency pair's open high, low and close.

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How can Candlesticks be used for Trading?

Candlesticks formations can be used to trade reversals in price or confirm a trend continuation. The following is an explanation of the most important patterns and the corresponding trading signal.

Hammer and hanging man formations have long lower wicks and small bodies. The hammer pattern appears after a currency pair has had a significant down move and is typically viewed as a bullish signal, implying a base and a trend reversal.

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The hanging man pattern appears after a currency pair has had a significant rally and is typically viewed as a bearish signal implying a top and a trend reversal. This is a bearish signal because it shows that the currency was not able to close on a positive note, which would indicate weakening market sentiment. However, with a hanging man pattern, it is important to wait for the next periods close to confirm the trend reversal.