What is Candlesticks?

[newsfx]

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 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.

[lyrics35]

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.

---------- Post added at 02:59 PM ---------- Previous post was at 02:53 PM ----------

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".

---------- Post added at 03:02 PM ---------- Previous post was at 02:59 PM ----------

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.

---------- Post added at 03:04 PM ---------- Previous post was at 03:02 PM ----------

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.

---------- Post added at 03:26 PM ---------- Previous post was at 03:04 PM ----------

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.

---------- Post added at 05:26 PM ---------- Previous post was at 03:26 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.

---------- Post added at 05:46 PM ---------- Previous post was at 05:26 PM ----------

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 05:50 PM ---------- Previous post was at 05:46 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 05:53 PM ---------- Previous post was at 05:50 PM ----------

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.

---------- Post added at 05:55 PM ---------- Previous post was at 05:53 PM ----------

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.

---------- Post added at 05:57 PM ---------- Previous post was at 05:55 PM ----------

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.

---------- Post added at 05:59 PM ---------- Previous post was at 05:57 PM ----------

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. .

---------- Post added at 06:03 PM ---------- Previous post was at 05:59 PM ----------

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.

thnx bro, ap ki post se newbie ko bht help mil skti ha agr ap ki post ko woh read kare, bht hi zayda helpful post ha ap ki

[Abdul Mussawer Atta]

ap nay bhai jo candlstick ki bary main baat sahre ki hai ye bahut hia chi haibhai amin ap ki abt say bahut hi zyda khsuh hon mujhy ap ki sey bat baht hia chi lagi hai ager forex amin candle stick nai huti to shyd logo ko phr is main loss bhi zyda huta

[mkopi]

This are candles that show a movement of certain pair that you have to make sure that if you trade well with the the where you have to make sure that time you have traded and made money

[sehatfx]

Candlesticks Gives the direction of the trend and Also Gives the best price if this candle with excellent hooks Might and May learn to trade though i have the knowledge about this but i have learn many things form this forum

[koujyahd589]

Certainly that the Wax light(CS) strategy from Asia. It indicates dealing successfuly in asia maybe very quickly, and may have been in theJapan a lot of efficient investor. as confirmed by the appearance is Wax light strategy is commonly used by many investors around the worlds !!

[joukasjoujda]

The candel stick hame market ke up and down ke sath sath bahut kuch dikhati h like high point or lowest as a pointed of the time taht the candles as a belongs to like one as a hower 10 minutes 15 minutes !!!!

[Learner4xx]

Is ke bare me mujhe bhi thik se malum nahi hai ke forex trading karne ki liye candle stricks kaya hai ,. main to abhi hi forex trading ko joined kiya hai , is liye mujhe is ke bare me knowledge bhi thora kam hai , agr koi senour trader mujhe is ke bare me thik se jankari dete hai to mujhe bahut hi jayda faida hogi forex trading ko sikh ne ke liye .

[stephenamit]

wax luminous sticks is really a technique found in trading rice inside earlier centuries inside asia, the idea makes questions and also long term prophecy less complicated regarding professionals, which usually helps them to determine the approach already in the market less complicated the wax luminous sticks designs can be quite wonderful inside predicting one's destiny moves already in the market and also works extremely well seeing that an affordable way connected with credit rating simple pips regarding professionals ranging from swinger for you to scalpers.

[phineasphinehas]

candlepower unit is can be a technique found in dealing almond inside earlier hundreds of years throughout asia, that tends to make questions and long term estimations much easier pertaining to professionals, which often helps the crooks to make a decision the method in the market much easier the particular candlepower unit is styles is extremely good throughout predicting the longer term techniques in the market and can be employed seeing that an ideal way regarding reviewing simple pips pertaining to professionals which range from swinger for you to scalpers.