Key Concepts for Trading with the Hammer Candlestick Pattern The hammer candlestick pattern is one of the most recognizable reversal ….
Tag: Candlestick
Definition – What does Candlestick Chart mean?
A candlestick chart is a chart that tracks the price range of a currency pair using a combination line and bar chart. A candlestick chart records the open, high, low and close for each specified time period. The chart is made up of figures that are referred to as candlesticks. The line, called the shadow, records the range, while the thicker bar records the open and close. If the close is below the open, the candlestick body is filled in (black). If the close is above the open, the body is not filled (white).
Prof FX explains Candlestick Chart
Candlesticks are very useful for visualizing patterns in price action hour to hour, day to day and so on. Candlestick charts are used by traders for simple trend identification as well as more complex price patterns. For example, a succession of white candles indicates consistently higher closes, meaning an uptrend.
Candlestick charts were originally a Japanese form of charting used for trading rice futures, but have proved to be very useful for forex trading as well.
Effective Forex Trade Entry Strategies for Beginners
Deciding when to enter a forex trade is one of the most challenging skills for both new and experienced traders. ….
Top Candlestick Patterns Every Forex Trader Should Master to Trade the Markets Confidently
Candlestick patterns are among the most powerful and widely used tools in technical analysis. For forex traders—especially beginners—learning how to ….
How to Understand and Trade the Spinning Top Candlestick
The Spinning Top candlestick pattern is one of the most informative components within the Japanese candlestick universe. Recognized primarily as a symbol ….
Forex tick charts and why you shouldn’t use them
Once you’ve been trading for a while, you might have come across forex tick charts. The tick charts are usually ….
Heiken Ashi MA T3 New
How to Instal “Heiken Ashi MA T3 New” Indicator for Metatrader 4 Open your Metatrader 4 platform. Download and save ….
Trend Test Candlestick
– How to Instal “Trend Test Candlestick” Indicator for Metatrader 4 Open your Metatrader 4 platform. Download and save the ….
Heiken Ashi Ma
How to Instal “Heiken Ashi Ma” Indicator for Metatrader 4 Open your Metatrader 4 platform. Download and save the “Heiken ….
Candle Timer
– How to Instal “Candle Timer” Indicator for Metatrader 4 Open your Metatrader 4 platform. Download and save the “Candle ….
CCI Custom Candles
– How to Instal “CCI Custom Candles” Indicator for Metatrader 4 Open your Metatrader 4 platform. Download and save the ….
Renko Boxes Chart
How to Instal “Renko Boxes Chart” Indicator for Metatrader 4 Open your Metatrader 4 platform. Download and save the “Renko ….
Strength Candles
How to Instal “Strength Candles” Indicator for Metatrader 4 Open your Metatrader 4 platform. Download and save the “Strength Candles” ….
Speed Candlestick
How to Instal “Speed Candlestick” Indicator for Metatrader 4 Open your Metatrader 4 platform. Download and save the “Speed Candlestick” ….
Doji Detector
– How to Instal “Doji Detector” Indicator for Metatrader 4 Open your Metatrader 4 platform. Download and save the “Doji ….
Battle Forex FOMO, the fear of missing out
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Figures Candle
How to Instal “Figures Candle” Indicator for Metatrader 4 Open your Metatrader 4 platform. Download and save the “Figures Candle” ….
The Pin and Drive Reversal Entry Trigger
As you might know, I’m mainly a reversal trader. I use other strategies as well, but my bread and butter setups revolve ….
Candlestick Patterns Basics for Beginner Trader
In candlestick patterns basics, we’re going to start right at the beginning with how to interpret candles. Each candle represents ….