Now let us discuss about the indicators commonly used in forex trading. The first indicator that I want to discuss is the candlestick. You might wonder: why candlestick anyway? It's not just one indicator, type chart ajah. Yes indeed. Candlestick chart type is one that is normally available in all trading platforms.
Type chart to this one in my opinion is an indicator of the "mandatory" is understood by the trader. Because with understanding of candlestick will greatly help a trader in understanding the movement chart. In fact, even if a trader says he's trading without indicators aka naked chart, normally the hell he is still based at candlestick. Candlestick originally provided the information which is almost similar to the bar chart, but the look is more attractive and informative.
Candlestick chart is the easiest diintepretasikan, since each has given information about the strength of buy-sell price, as well as his open-closed.
Let us look at the structure of a candlestick.
Candlestick is formed from the data the open, high, low and close, when in one span of time close above open, then transparent or white candlestick is formed. If the close is below the open, then a black candlestick is formed. White or black part of candlestick called a body or agency. Vertical line above or below the body illustrates the range of high/low and referred to as the shadow or the shadow or some call it tail.
The culmination of the shadow or the shadow or the tail is high value. The base of the shadow or the shadow or tail bottom is low value. Well, so, from a candlestick, we can know: high-value low-closed, will also know the strength of buy-sell, the trading volume in the span of time (time frame) is concerned and hence know the inclination of the trend is going. In general there are two types of candlestick, which are black and white, each long and short.
The candlestick body length, the stronger the pressure of buy-sell is happening. Let us observe the relationship between type candlestick with a trend in the following chart:
Berbody a white candlestick shows that the price closed with a value above the open so that the general trend of rising trend. So instead. Next, we need to know as well an assortment of inclination and the candlestick will arise in the movement chart. Some type a candlestick need to know include:
Spinning tops
If this happens, the spinning top means not much more buyer or seller acting, so it's likely there will be a trend reversal or turned around, at least for a while.
Marubozu
If it appears in the chart, marubozu means a buyer (if white candle) or seller (if the candle was black) was dominant, so the trend is going (up-if white or black case down) tend to be strong. The actual candlestick shape variations of many more, we'll know the tendency is going to happen with the appearance of each candlestick form diligently observe the chart and noticed the tendency of the trend that is associated with the appearance of candlestick shape that appears on the chart.
OK, got here first yaa. We will continue the discussion about the other indicators in the next article.
Type chart to this one in my opinion is an indicator of the "mandatory" is understood by the trader. Because with understanding of candlestick will greatly help a trader in understanding the movement chart. In fact, even if a trader says he's trading without indicators aka naked chart, normally the hell he is still based at candlestick. Candlestick originally provided the information which is almost similar to the bar chart, but the look is more attractive and informative.
Candlestick chart is the easiest diintepretasikan, since each has given information about the strength of buy-sell price, as well as his open-closed.
Let us look at the structure of a candlestick.
Candlestick is formed from the data the open, high, low and close, when in one span of time close above open, then transparent or white candlestick is formed. If the close is below the open, then a black candlestick is formed. White or black part of candlestick called a body or agency. Vertical line above or below the body illustrates the range of high/low and referred to as the shadow or the shadow or some call it tail.
The culmination of the shadow or the shadow or the tail is high value. The base of the shadow or the shadow or tail bottom is low value. Well, so, from a candlestick, we can know: high-value low-closed, will also know the strength of buy-sell, the trading volume in the span of time (time frame) is concerned and hence know the inclination of the trend is going. In general there are two types of candlestick, which are black and white, each long and short.
The candlestick body length, the stronger the pressure of buy-sell is happening. Let us observe the relationship between type candlestick with a trend in the following chart:
Berbody a white candlestick shows that the price closed with a value above the open so that the general trend of rising trend. So instead. Next, we need to know as well an assortment of inclination and the candlestick will arise in the movement chart. Some type a candlestick need to know include:
Spinning tops
If this happens, the spinning top means not much more buyer or seller acting, so it's likely there will be a trend reversal or turned around, at least for a while.
Marubozu
If it appears in the chart, marubozu means a buyer (if white candle) or seller (if the candle was black) was dominant, so the trend is going (up-if white or black case down) tend to be strong. The actual candlestick shape variations of many more, we'll know the tendency is going to happen with the appearance of each candlestick form diligently observe the chart and noticed the tendency of the trend that is associated with the appearance of candlestick shape that appears on the chart.
OK, got here first yaa. We will continue the discussion about the other indicators in the next article.
Posted by Unknown on Friday, February 6, 2015 - Rating: 4.5
Title : Candlestick
Description : Now let us discuss about the indicators commonly used in forex trading. The first indicator that I want to discuss is the candlestick. You m...
Description : Now let us discuss about the indicators commonly used in forex trading. The first indicator that I want to discuss is the candlestick. You m...
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