The Nuts and Bolts of Japanese Candlesticks

Posted by Mark Deaton on January 13, 2009 under Currency Trading | Be the First to Comment

by Mark Deaton

Japanese Candlesticks have been around for centuries. In use since the early 1700's Japanese candlesticks were first used to trade the rice markets. Over the last 400 years of course they have become popular to many including stock and forex traders.

Japanese candlestick charts display market sentiment like other charts but most would agree you get a little more insight from a candlestick chart. Basically you measure 2 parts of a candlestick, the body, and the wicks. The body can be either full or hallow, and the wick or shadows, can be long or short, or not present at all. All tell a story.

Your highs and lows for the session are marked by the tops (high) and bottoms (low) of the wicks. Likewise a close that is greater than an open is represented by a hallow candlestick the bottom is the open, and the top is the close. A close that is less than the open is represented by a full or black candlestick. The top is the open and the bottom is the close. (See below.)

Candlestick patterns are not only more easy to read, they are also more intuitive once you get the hang of reading them. You see there are patterns with candlesticks you will soon learn to easily recognize, combine this with the intuitiveness and you have yourself a method for assessing price far superior to any other.

All candlesticks have a body and a wick or shadow, unless the open close high and low are equal to each other in which case you would have a little dash and that's it. A white body is an empty body, and a black one is a full body. The empty/white body represents a close greater than the open, and a black/full body represents a close less than the open. The size of the body represents the distance between the open and close.

When you have a body with no shadows its called a Marubozu. I can be black or white in which case its a "black Marubozu or a white Marobozu". In each case the open and close are equal to the high and the low. With the black the open is equal to the high and the close is equal to the low. The white would be the open is equal to the low and the close is equal to the high.

A spinning top is a candlestick with a short body and a long or short wick/shadow. The short body tells us that price opened and closed rather close to one another, while a long shadow/wick tells us that during the session price made its way in that direction but failed to hold its ground. This failure to "hold ground" could be a clue for price direction in the next session.

About the Author:

Candlestick patterns are very telling. Once you start using them you will look at any other chart and wonder how you did it without a candlestick chart. Candlestick charts are easier on the eyes, current market conditions popout at you instantly, and the overall process of reviewing charts becomes 10 times easier. To download our masters course and flash-cards visit us at http://www.candlestickgenius.com

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Need Profit? Pivot Point Trading In Forex

Posted by Rod Soto on January 6, 2009 under Forex Currency | Be the First to Comment

by Rod Soto

Trade is related to exchanging goods and services in many different methods. Currency is a form of money and is a key element in exchange and trades. The forex market - or foreign market, involves both of these in a mixture of trading different currencies worldwide.

Making a good profit through the trading market is a high reward trade. Since internet has grown immensely; the online forex market has also grown. This is due to easy financial banking from governments worldwide. More so than others, this applies to the United States where investors try their luck.

Trading in an international arena is a very difficult proposition and requires having all sorts of techniques and tricks at your command. You can trade from any part of the world through online forex, but if you are an individual investor without much experience, there are lots of agencies operating in the market to help such investors. You can buy advices from these agencies and make profit from this complex market.

After you become seriously involved with trading you should instantly seek to learn about the Fibonacci number. This is learning about the different exchange rates and paying attention to how frequently they change. There is software available that will handle this and trade for you when you are worried about the difficulty in the market.

Knowledge about the changing foreign currency exchange rate is another important weapon you should possess to be a successful trader in an international money market. It is the trickiest trade and to make a mark you should have maximum patience and enthusiasm .The ideal quality of an expert trader is to wait for right opportunity with enough funds at your disposal.

Among various trading tools floating in the market through which an immature trader can make money pivot Point is the most popular tool and it is a friend in need for futures traders. Pivot points trading in forex can be used in all sorts of markets like equity indices and crude oil.

Pivot points is a tool which can be applied to trading currency features which is the most volatile and complex area. It can be effectively used by individual investors keeping in mind its history of success for the last few years in the international trade field. In a nut shell it is a perfect tool for accurate trading.

Pivot points are nothing but support and resistance levels derived from the previous period's high, low, and closing values. There are different sets of pivot points or values like hourly, daily, weekly and monthly value from which one can trade effectively in any type of market. This tool can be used for the right entry and exit from the trade. Visit us to learn how to Pivot Point Trade Profitably.

About the Author:

To find out how to Really become profitable in forextrading, visit my website full of free resources about forex trading

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	In his first book, A Complete Guide to Technical Trading Tactics, John Person introduced traders to the concept of integrating candlestick charting with pivot point analysis. Now, in Candlestick and Pivot Point Trading Triggers, he goes a step further and shows you how to devise your own setups and triggers—in the stock, forex, and futures markets—based on a moving average approach...