“So if a close is a lot higher than an open they would consider it a stronger and if the close is lower than the open it was considered a weak session.” “The Japanese placed a lot of emphasis on the relationship between the open and close,” Steve explains. Steve discusses the origin of the term in 17 th century Japan, when they were used to track rice futures. What is a Japanese candlestick?Ī Japanese candlestick is a tool traders use in technical analysis for charting and analyzing assets, to learn about price action and open, close, high and low levels. You can listen to this podcast by clicking on the YouTube link above or by using one of the alternative platforms listed below. Don’t miss this discussion on Japanese candlesticks and how to apply them for more consistent trading. This time on Trading Global Markets Decoded, our host Martin Essex is joined by candlestick charting guru Steve Nison – the man who introduced the Japanese charting method to Western traders. Do candlesticks reflect traders’ emotions?.Which candles are the most important to look out for, and what are the patterns?. Japanese candlesticks : What are they how can they boost your trading?.
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