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Showing posts from June, 2015

Most Effective Online forex trading techniques - Steps by Step Explained

Candle charts Vs Bar Charts and powerful henkin ashi technique

Candlesticks are one of the most important and powerful analysis tools in traders toolkit.

Here i have selected some candles patterns that i believe every trader should know in order to understand chart upto some extent. This candles patterns can make a good trading decisions.

Here my focus is on minor trend reversals, Minor trend or short term trend typically lasts in cyclical manner for 5 to 20 days.

Bars Vs Candle

In Candlestick chart, the difference between the open and the close is called the REAL BODY. The amount went higher beyond real body is called the upper shadow. Amount went lower is called lower shado

Advantages of candle vs bar charts:

1. Candlestick charts are more visual and understanding. Once you get used to the candle chart,it is easier to see what is happening in a market in specific time pried from bigger timeframe candle to lower time-frame. It increases deep understanding of current scenario of market.

With …