How To Read Candlestick Charts
When Ultraman hasn't showed himself and fight with monsters, Japanese people have created their own charts technical analysis to trade rice. Charts to monitor the price movements of commodity products is called a candlestick. This chart was created in the 17th century. Steve Nison is the first to popularize the candlestick. Candlestick is very representative, the graph is becoming very popular among forex analysts. Candlestick has the information in the form of High price, Low price, Open price, and Close prices. and the candlestick has been part of forex reality.
Steve Nison learn from fellow Japanese broker, Steve researched, studied, lived, breathed and ate the candle and began to write about it. Slowly, this secret technique became popular in the 90s. Without Steve Nison, candle charts will probably remain a secret buried. Steve Nison is a Candlestick Master.
Interpretation of candlestick is based on available pattern. Green Candle (Bullish) gives the sense that the price moves up, or closing price greater than the opening price. Meanwhile, the Red Candle (Bearish) gives the sense that the prices go down, or closing price less than the opening price. Meanwhile, long lines at the top and bottom of the candle called a shadow. Long line which is above the candle body called high price, meaning prices have touched the highest point at the time. while a long line under the candle body is called Low Price, meaning that prices had touched the lowest point at the time.
Many people ask me about the difference in color candle. For me it's the same, candle colors depending on each provider who provides a color chart. There is a bullish candle is green, blue, white, etc.. But still it means Bullish. And also there Bearish candle are red, black, or even the color of love
. Still, it means Bearish. So please, do not be concerned about it anymore, so I did not edit this article again. ^ _ ^
Next we get into discussion of Time Frame (TF). Look at the picture below!
Images that I give the sign, is the Time Frame. Simple explanation, each candlestick represents each time frame. For example, the chart above is TF 15, then each candlestick represents 15 minutes of starting the opening price to closing price. Some kind of time frame as follows: M1 (1 minute), M5 (5 minutes), M15 (15 minutes), M30 (30 minutes), H1 (1 hour), H4 (4 hours), D1 (1 Day), W1 (weekly), and MN (monthly). Each trader will choose the most suitable time frame for them.
Maybe this time you feel confused because you do not know where the time frame that suits you. Do not worry, sooner or later you'll find characters yourself. The good news, this blog will guide you to get your character in the trade. So keep stay tone guys ...
Steve Nison learn from fellow Japanese broker, Steve researched, studied, lived, breathed and ate the candle and began to write about it. Slowly, this secret technique became popular in the 90s. Without Steve Nison, candle charts will probably remain a secret buried. Steve Nison is a Candlestick Master.
Interpretation of candlestick is based on available pattern. Green Candle (Bullish) gives the sense that the price moves up, or closing price greater than the opening price. Meanwhile, the Red Candle (Bearish) gives the sense that the prices go down, or closing price less than the opening price. Meanwhile, long lines at the top and bottom of the candle called a shadow. Long line which is above the candle body called high price, meaning prices have touched the highest point at the time. while a long line under the candle body is called Low Price, meaning that prices had touched the lowest point at the time.
Many people ask me about the difference in color candle. For me it's the same, candle colors depending on each provider who provides a color chart. There is a bullish candle is green, blue, white, etc.. But still it means Bullish. And also there Bearish candle are red, black, or even the color of love
. Still, it means Bearish. So please, do not be concerned about it anymore, so I did not edit this article again. ^ _ ^Next we get into discussion of Time Frame (TF). Look at the picture below!
Images that I give the sign, is the Time Frame. Simple explanation, each candlestick represents each time frame. For example, the chart above is TF 15, then each candlestick represents 15 minutes of starting the opening price to closing price. Some kind of time frame as follows: M1 (1 minute), M5 (5 minutes), M15 (15 minutes), M30 (30 minutes), H1 (1 hour), H4 (4 hours), D1 (1 Day), W1 (weekly), and MN (monthly). Each trader will choose the most suitable time frame for them.
Maybe this time you feel confused because you do not know where the time frame that suits you. Do not worry, sooner or later you'll find characters yourself. The good news, this blog will guide you to get your character in the trade. So keep stay tone guys ...
1 komentar:
Interesting blog with charts and graphics.. easy to understand for traders. Glad to bumped into your post. Got Some really nice information.I would like you to see this candlesticks chart I know you will like this
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