Candlestick Mania Part 1

Just to repeat ...

If .. on our trading platform as shown below there are only ..

 one dare not click Sell or Buy ..??

This question over and over again .. I said .. well now in room # indofx conf ... at the yahoo .. and on some occasions chatting with friends via YM .. too often I have asked to see my friends as a direct ...

Most of the firm said ... "not brave" .. the reason being not able to know the direction that price again ... or packing where trading language ... hihih know ... not a trend ..

Chart mean .. it's very important in carrying out trading activities ... it's the assumption that I took from my friends all the answers ... even answer that I got from friends for the first time you turn on meta trader .. hihiih ...

They say ... that chart is a form of visualization market ...

I will not discuss the bar chart .. line chart .. point and figure chart .. kagi chart ... three line charts and many other chart types .. I would just try to discuss a little matter of common chart in use by your all your friends ... maybe this article series already know all .. the candlestick .... so it's important important not important candlestick ... hehhee ...

O yes .. this paper is also interested in because I made 2 threads in indofx-trader.net .. that is about the "samurai trader" and "trading without indicators" .. hehehe ... not important important important candlestick ... hihiih ...

Its lip service must be terminated ... hihiih ..


Candlestick was in the form of the open price .. high .. low and close prices within a time frame so it looks like the following .. ..

Body candles in the form of the open price and close price ... and from this body, the term bullish and bearish candle .. Bullish candle candle close price means bigger or higher than the open price .. otherwise bearish candle means the price is less than or close lower than the open price ...

High and low are often referred to as "shadow" or "shadow" ...

The body of the candle that gives information about the "power" .. while the high and low to inform the existence of a critical level ..

Power .. the point here is about domination .. which side is dominating the market at a certain time frame ... if the buyer or the seller ... whether the bullish or bearish side ..

Just look at the following picture ...

I try to notice the dominance of bearish put the box .. yes ... uh I really pake the black candle bearish and bullish candle white color .. hehehe ... can we absorb information from it ... a bearish candlestick formation again dominates the market .. and because of the seller is more dominant, the tendency of prices to come down so much greater than for the ride ..

Another example ..

Once again drawn attention to the section that given the dominance of the color box ... see ya wrote ... white .. white .. white ... if in bb17 ... dear .. hihiihh ... back .. back .. hhehehe currently dominate the market .. bullish ... and because that was dominating the bullish aja .. easy, so much the price has a tendency to go up than to go down ...

Colorful candletick is reportedly one of the advantages of the model chart on this one .. see at a glance .. domination buyer or seller can take a look ... can not believe .. try to replace the chart on the metatrader so bar chart or line chart so .. hehehe ..

to be continued,,,,