Japanese candles
A very interesting and effective method of predicting rates in the foreign exchange market for many years continues to be a Forex candle analysis or, in other words, the use of patterns of technical analysis. The basic principle of Forex candlestick analysis is to find on the price chart standard patterns (reversal or continuation of the trend), the interpretation of which allows with sufficient accuracy to predict the further behavior of the financial instrument quotes.
Analysis of combinations of Japanese candlesticks and patterns of technical analysis - accessible, effective, free
At ForTrader.org we look at the basic Forex candlestick patterns, or candlestick patterns that traders have been using for decades, as well as the very new and improved figures of technical analysis, developed by the current and popular trading strategies of today. But most importantly, the analysis of Japanese candlesticks is suitable for both experienced traders and novice speculators. It is proved by stock exchange history.
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Фигуре разворота тренда «Голова и плечи» посвящено достаточно большое количество исследований и публикаций. Авторы сравнивают ее с волновой структурой Эллиотта, со схемой процесса накопления и распределения, характеризующей деятельность крупных игроков на рынке , и даже разрабатывают обратные торговые стратегии, основанные на нежизнеспособности фигуры «Голова и плечи» в определенных рыночных условиях. Упущенные аспекты фигуры технического анализа «Голова и плечи» Являясь сторонником гармоничной торговли и предпочитая проводить анализ в его классическом понимании, я, в свою очередь, хотел бы обратить внимание на два немаловажных аспекта, о которых не стоит забывать трейдерам, использующим фигуру технического анализа «Голова и плечи»: Во-первых, ее можно разложить на части, каждая из которых является…
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The use of patterns in trading on the currency market, be it Price Action, candlestick patterns or technical analysis patterns, is one of the popular methods of price forecasting and is used by many traders. Nevertheless, there are many examples when a seemingly perfect pattern "cheats" the trader, not realizing its potential. Today we will consider one of the ways to improve the efficiency of graphical patterns on the currency market. Unfortunately, cases of "non-performance" of the patterns on the currency market are common. It is enough to have a closer look at the chart to find them. Of course the older the timeframe the higher the probability that everything will work, but on larger...
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Фигуры разворота тренда «Двойное дно» и «Двойная вершина» появляется на графике цен довольно часто, и на любом временном интервале. В техническом анализе они являются достаточно сильным признаком разворота тренда. Фигура теханализа «Двойное дно» образуется при нисходящем тренде, а фигура «Двойная вершина» – при восходящем. Образование технической фигуры «Двойная вершина» Разберем рисунок, на котором нарисован пример фигуры разворота тренда «Двойная вершина». Цена, преодолев уровень сопротивления, достигает определенного максимума, после чего откатывает обратно к предыдущему уровню сопротивления, который становится уже поддержкой для фигуры ТА «Двойная вершина». Цена отталкивается от этой поддержки и предпринимает вторую попытку роста, но, не сумев пробить максимум первой вершины, начинает…
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Hello, dear colleagues. Today I bring to your attention the third lesson of the series "Price Action Trading Methods". And today I will begin the story of simple Price Action price patterns. Why do I begin? Because I cannot discuss them all in one lesson. But before we proceed directly to the patterns, let's define the basic concepts. Pattern is an English word the meaning of which is translated in Russian as "pattern", "system", "structure", "principle", "model". Because of its use in various Western disciplines and technologies, it has entered the Russian-speaking environment as a specific term in several spheres of activity at once. Thus, it is possible to say that Рrice Аstion is a trade...
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We continue to analyze candlestick patterns indicating a reversal of price movement. In the previous article we discussed "Hammer" and "Hangman", now we will talk about a fairly common reversal candlestick pattern "Absorption" (Jap. Tsutsumi). Rules for the formation of a candlestick pattern "Absorption" For the formation of a candlestick pattern, both bullish and bearish, a number of conditions must be met: The presence of a pronounced trend; The body of the second day must completely absorb the body of the previous day. However, it doesn't mean the tops and bottoms of the two candlesticks can't coincide, it only means the tops and bottoms of the two bodies can't be both equal; The color of the first day reflects the trend: black color in case of a downward trend...
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With this article we conclude our brief tour of interesting and popular candlestick patterns for technical market analysis. The 31 patterns we showed in the three articles perfectly reflect the capabilities of candlestick analysis. With a little effort from this information you can put together a whole strategy, write an EA and trade quite successfully in intraday or medium term. Of course, we could not accommodate all the possibilities for trading based on a candlestick analysis, but we have tried to give you not only descriptions, but also market opportunities for using patterns. A slightly more detailed description can be easily found on the Internet, add it to the Money Management and test it. Go ahead! We are happy to answer your questions. Pivot Patterns.
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In the 97th issue of ForTrader.org we will continue to look at interesting candlestick patterns and technical analysis of the market. In our previous article we already discussed how to trade by means of the candlestick analysis, and how to use it in practice every day with profit, so we will not repeat it. Let's look at 10 more interesting patterns from the economic side of their appearance and practical application in trading, which you will be able to use today. New Patterns Before we begin, we'd like to address the question of whether you can find your own new patterns on the chart? We can say from our rather rich experience that yes,...
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Candlestick analysis of the currency market has been popular for over 200 years. Invented by the Japanese, it confirms its effectiveness today and therefore is in demand by traders. Candlestick patterns are a combination of market bars from 1 to 5, which predict further market movement. How to trade using candlestick analysis? When trading using candlestick patterns, known as candlestick analysis, you don't need anything but a streaming chart. The market indicators are the bars and their formations. This is especially useful for long term trading on higher timeframes when it is necessary to look into the terminal only once a day. Using the candlestick analysis in trading is quite simple - you just need to know...
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The "Baskerville Dog" trend continuation pattern was first mentioned by the financial markets legend Alexander Elder in his book "The Fundamentals of Trading". The figure is quite widespread and, in fact, is a failed "Head and Shoulders" trend reversal figure. In the technical analysis of the market it is accepted to consider the "Hound of the Baskervilles" as the figure of the trend continuation, although most market researchers do not include it in the list of classical figures of the trend continuation: flag, wedge, triangle, etc. How is the "Hound of the Baskervilles" figure built on As mentioned above, the "Hound of the Baskervilles" figure of technical analysis is a failed "Head and Shoulders" trend reversal figure. Head and shoulders" figure indicates the end of the uptrend, its reversal and, as a consequence, the opening of the...
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"Cup with handle" in technical analysis is a trend continuation pattern. This pattern was introduced and popularized by the famous American trader William O'Neill and came to the foreign exchange market from the stock market. The appearance of this candlestick pattern is really reminiscent of a cup of coffee or tea, which probably every trader has next to the keyboard. It should be noted right away that the "Cup with a pen" is a continuation pattern only for an uptrend. Let's break down the conditions for the emergence of this candlestick analysis pattern, ways to use it in trading, as well as some features. The most important condition for the formation of a "Cup with a Handle" trend continuation pattern is the presence of...
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A "bow tie" trend reversal pattern is not an ordinary pattern, as it is based not on a repeating stable price pattern with a predictable development, as in most widely used patterns, but on a model formed by technical indicators. More precisely, it is a pattern formed by the intersection of three moving averages. Exactly this feature gives the "Bow Tie" pattern one very important advantage - it's the ability to easily and unambiguously determine this pattern, which is especially important for beginners who do not have much experience with patterns. We can consider the "Bow Tie" pattern as an example of a trading strategy using moving averages. Rules of constructing "Bow Tie" pattern The "Bow Tie" pattern owes its name to the intersection of...
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Head and shoulders is a classic figure of technical analysis, which signals the reversal of the current trend. The Head and shoulders figure exists in two variants: "Head and shoulders" - for an uptrend, inverted or reversed head and shoulders - for a downtrend. It should also be noted that Double Top and Triple Top are the special cases of Head and Shoulders figures. It should be noted that in spite of the fact that this figure is a classic one, its formation is rather conventional. It means that different traders may build the same Head and shoulders a bit differently depending on chosen timeframe and their understanding of currency mechanisms.
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Паттерн «Дракон» – одна из «экзотических» разновидностей разворотных фигур на рынке и, если быть точным, представляет собой более модифицированную разновидность фигуры «Двойное дно, при этом сигнализирует о смене медвежьего рынка на бычий. Соответственно, «Обратный Дракон» формируется при окончании растущего тренда и начале снижения рынка. Сигналы обратного паттерна аналогичны сигналам при формировании фигуры «Двойная вершина». Как же происходит формирование паттерна «Дракон» на ценовом графике? Паттерн «Дракон» образуется на падающем рынке. Его формирование начинается с Головы (1). Она представляет собой локальный максимум от повышающей коррекции на падающем рынке. После формирования Головы паттерна Дракон, рынок продолжает снижение, в результате которого на ценовом графике…
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In today's article, we will consider in detail one of the tactics of trading by technical analysis, namely the reversal candlestick patterns, which are called "Stars" in the market. What are these reversal patterns, how to identify them on the price chart during trading, what signals to open positions they show, and this is what we will talk about next. The formation of the reversal pattern "Star" At the market it is believed that the reversal candlestick patterns often give very strong signals of a close trend reversal in the opposite direction. As mentioned above, these include the "Star" patterns which in turn have subtypes: morning star and evening star, but we...
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Японские свечи – это уникальный индикатор, программа, направленная помочь трейдерам со всего мира в ведении торговли. Не для кого не секрет, что заработок на электронной валютной бирже не даётся легко. По крайней мере это ясно каждому, кто имеет к финансовому рынку хоть какое-то отношение. Если позволяет зарабатывать много и быстро, это ещё не значит, что он позволяет зарабатывать легко. Правда, когда будущие игроки только собираются изучать основы финансового рынка, только начинают интересоваться трейдингом, они даже не подозревают об этом. Многие считают, что заработок во всемирной паутине не доставит им больших хлопот. Но уже на этапе обучения игроки убеждаются в том,…
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