Japanese Candlesticks November 4, 2014 by Ashok Goel·0 Comment The Japanese art of candlesticks trading has been around for nearly four centuries. Japanese Rice traders successfully used these signal formations to amass huge fortunes. Candlesticks signals depict change in investor phsyscology. They visually show a trader the sentiments of the other traders in that particular stock or market. Japanese candlesticks analylsis used with other technical/market indicators will improve your performance and understanding of the markets. Even if you use candlesticks solely as a method of displaying data, you will find them indispensable. Candlesticks charting, candlestick pattern analysis, and candlestick filtering will give you an edge. Learn candlestick charting and analysis, use it, and enjoy its rewards. What does candlestick charting offer that typical Western high-low bar charts do not ? As far as actual data displayed- nothing. However, when it comes to visual appeal and the ability to see data relationships easier, candlesticks are exceptional. After a minimal amount of practice and familiarization, candlesticks will become part of your analysis arsenal. Japanese candlesticks offer a quick picture into the psychology of short-term trading, studying the effect, not the cause. One cannot ignore the fact that price are influenced by investors’ psychologically driven emotions of fear, greed and anxiety. The overall psychology of the market place cannot be measured by statistics, some form of technical analysis must be uses to analyse the changes in the make up of investors interpretations of value. This is then reflected in price movement. More than just a method of pattern recognition, candlesticks show the interactions between buyer and seller. Japanese candlestick charting provides insight into financial markets that is not readily available with other charting methods. We are giving below a list of Four books, chosen for you. Once you are done with these books, it will be very easy for you to recognize the emotions of the trader. The candlestick : Volume one 1 Buy the candlestick book from amazon On a candlestick (1880) buy on a candlestick on amazon Japanese candlestick charting: A contemporary guide Buy japanese candlestick charting on amazon Candlestick charting explained Buy candlestick charting explained on amazon Read more a2analysts/
Posted on: Tue, 04 Nov 2014 15:08:58 +0000
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