“ Life is really simple, but we insist on making it complicated ”Japanese Candlestick is a method that has been used by japanese for centuries to predict the market using the past price. it is belived that all of japanese traders use this method. These are reasons why candlestick can be so profitable and powerfull :
1. Candlestick are so flexible, means that you can combine the western indicators with candlestick to get optimal profit.
2. Candlestick can be used to measure the level of traders pschology.
3. Easy to use, because every pattern have their own uniq names.
Candlestick charts provide many useful trading signals. They do not, however, provide price targets. There are other methods to forecast targets (such as prior support or resistance levels, retracements, swing objectives, and so on). Some Japanese candlestick practitioners place a trade based on a candlestick signal. and stay with that trade until another candlestick pattern tells them to offset. Candlestick patterns should always be viewed in the context as to what occurred before and in relation to other technical evidence
Candlestick charts allow you to use the same technical devices that you use with bar charts. But the candlestick charts give you signals not available with bar charts. So why use a bar chart?
in this chapter i will discuss about :
A. The Story Of Candlestick
B. Introduction of candlestick
C. Dojis
D. Bullish Reversal Pattern
E. Bearish Reversal Pattern
F. Continuation Pattern
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