For whom do Japanese candles shine? Book “For whom Japanese candles shine”, V. I. Safin For whom Japanese candles shine

To whom do they shine and what do they illuminate?

“Japanese candle”, “Japanese candlesticks” - you must agree, it sounds very romantic and beautiful. I wonder what associations these words evoke for you? You probably think about warm, even light, which pacifies and calms... Or about a Japanese man who sits over papers, trying to predict the price movement of rice, and on his table there is a beautiful candlestick with a candle... and the shadows from its fire fall on paper sheets...

Yes, dear ladies and gentlemen, it is not for nothing that the image of a Japanese candle evokes such associations! If you remember, we have already said more than once that fighting with the market is the last thing, because as soon as you start making claims, the market splashes you with ice water. But being his travel companion is a much more suitable activity for a trader. Only when you realize that your task is to move where the market is going, and not against it, will you have real prospects of becoming a dealing professional and a successful, financially independent person. That's what you're here for, isn't it?

But here the question arises: how to move in accordance with the market? You already know half the answer: you need to clearly know your goals and clearly imagine opportunities, analyze mistakes, gain experience, and also master the tools that should be used in different situations. We have just finished the chapter on trend indicators and oscillators, thanks to which you now have a map in your hands with which you can take steps in the right direction. But sometimes, when you find yourself in the twilight of your own doubts, you may need something else that will help you understand the details of a particular situation. Beacon, flashlight, candle... This is where Japanese candles will be your faithful assistant! They will add light on your path, give you confidence in the correctness of your decisions and warn you about possible mistakes.

For those who, for some reason, have not yet heard about Japanese candlesticks, we will remind you what they are. A candlestick is a way of depicting price movement within a selected time interval, such as a minute, an hour, six hours, a day or a week. In order to draw a candle, you need to know 4 prices for the interval in question - Open, High, Low, Close. The range between the Open and Close prices is limited by a rectangle that is either white or black and is called the body of the candle. The body remains white if O< С, то есть цены росли, иначе - тело черное. Если же О = С, то тело изображается просто в виде горизонтальной черточки. Вертикальная черта от тела свечи до цены Н - это верхняя тень, вертикальная черта от тела до L - нижняя тень. В общем, японская свеча - очень простой графический объект, который несет в себе большое количество полезной информации. Все еще сомневаетесь? А зря...

Even those simple candles that you find in the nearest department store can amaze you with the variety of their color, shape, and thickness. The same situation applies to Japanese candlesticks - they can have co-www, fxclub.org

completely different shapes and form a wide variety of combinations that will give you completely different signals. True, there is a problem with the color of Japanese candlesticks - either white or black. Well, okay, we exaggerated. Sometimes they are painted some other color. But the only prerequisite for this can only be that the trader is simply a big fan of vivid impressions and for some reason he lacks them in the market.

Various forms of candles (candlesticks) or combinations that can be made from them have their own names. Sometimes these names can be poetic, sometimes ridiculously simple, but they are always very expressive. Their important property is that they are able to give the trader a clear and precise idea of ​​the state of the market at the moment the candle formation completes.

Moreover, each candle and any combination of candles, which we will tell you about in great confidence, are a product of “mass consciousness” or a product of what can be called “crowd psychology.” Knowing this (and now you know it!), you will be able to deeply appreciate the unprecedented connection between the order of occurrence of certain candles or their combinations and the behavior of the market. And if you can feel this connection, the spark of your little knowledge can ignite the flame of professionalism. Remember this!

Now we will tell you about the basic terms used in the Japanese candlestick technique and give a classification of some typical combinations that appear on charts.

By the way, there is this sentence: despite the fact that the correct translation of the word candlestick is candlestick, we will most often call our object a candle. It's shorter and sweeter. That's good. Let's continue... www.fxclub.org

This should not be considered something too complicated and some kind of special science; let’s say right away that an indicator is a simple chart, and its correct use depends on your ability to observe its behavior and draw appropriate conclusions.

Anyone who pays due attention to this topic has a chance to become a professional in technical analysis.

In general, it is not difficult to determine to whom Japanese candles shine; the topic should not cause any particular difficulties even for children of high school age. Over the entire history of the stock and foreign exchange market, the number of indicators created is simply enormous, but still they are always the same with minor adjustments.

By and large, all these indicators are related to candles. However, sometimes in their activities traders use “tic-tac-toe”, the concepts of Kagi or Renko.

What You Can Learn Using Japanese Candles

So, now let’s find out who the Japanese candlesticks are shining for: let’s study the main indicators, the construction of which is based on the candlesticks, namely on the basis of the readings of the four traditionally most significant types of prices.

Next, we will pay attention to the configuration of candles, with the help of which you can learn a lot of useful information about price movement even without the use of indicators, since their interpretation is determined by an understanding of the psychology of the crowd. And finally, in the final part of the topic, we will study the basis of working with data represented as tic-tac-toe.

So, what do we learn from this topic: for whom do Japanese candles shine?

• First of all, you will learn how to correctly use trend indicators to determine the direction and strength of a trend. For this purpose, indicators that have proven themselves and are tested by time are used.
• You will understand the correct combination of trend indicators and oscillators in order to determine the most suitable points for opening and closing trades.
• You will become familiar with the Forex candlestick analysis technique in detail: for this purpose, the origin of various candlesticks, their combinations, possible types of indicators based on Japanese candlesticks, as well as analysis methods that are intended to obtain maximum profit will be described.
• As a result, we will understand: for whom do Japanese candles shine? This is a detailed study of their configurations, the ability to conduct technical analysis without using indicators and, as a result, you will be one step ahead of other traders who do not apply this knowledge in their practice.
• If you wish, you can also familiarize yourself with and learn how to use trading techniques with tic-tac-toe charts. It was undeservedly forgotten, but has not lost its relevance to this day. After all, it’s no secret that everything new is well forgotten old.

This book is about methods for forecasting the movement of exchange rates. It details the use of trend indicators and oscillators for market analysis. These tools are designed to assess the prospects for a trend to continue or the likelihood of a trend reversal. Descriptions are given of the main indicators that are widely used when working in financial markets (of course, besides them, others have arisen and are emerging, but most of the new indicators either do not stand the test of life, or in some way repeat the ones discussed).

The author introduces the reader to the technique of analyzing price charts in the form of Japanese candlesticks. Japanese candlesticks are an extremely imaginative and elegant way of presenting data about current and past prices, but the important thing is that certain combinations of Japanese candlesticks can give the trader some information about the future. Dealing is an assessment of the probabilities of certain events, and attention to the signals of Japanese candlesticks can greatly help a trader in his work. In addition, the book describes the technique of working with price charts presented in the tic-tac-toe format.

Content:






Rules for using the line
linear regression
2 2 Bollinger Bands

Calculating Bollinger Bands
Especially for Pochemuchek
2 3 Parabolic system

using parabolic SAR
2 4 Direction system



2 6 Aroon indicator
2 7 RAVI indicator
Interpretation of RAVI signals
2 8 Alpha-beta trend
Calculating alpha-beta trend
2 9 Ichimoku indicator
Working with the Ichimoku indicator
and colorful clouds


Rules for using OSC
How can you use MACD
3 3 MACD histogram
Operating rules
3 4 Momentum
3 5 Rate of change
Signal interpretation
Rules of interpretation
3 7 Balance volume
Criteria for assessing OVB behavior
3 8 Chaikin Oscillator

Rules for working with RSI

3 11 Williams indicator
3 12 Forecast Oscillator
3 13 Indicator parameters
For whom do Japanese candles shine?



4 2 4 Reversal candles


4 4 1 Bullish signals
4 4 2 Bearish signals

Ideality of the model
Signal confirmation
Remoteness of your goals
Individuality

5 3 Complex figures on point-digit graphs

We look forward to meeting you again!
Literature

"FOREKSCLUB"

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Our greetings to technical analysts!
1 Very, very slippery averages
1 1 Simple moving averages
1 2 Weighted moving averages
1 3 Exponential moving averages
1 4 Selecting moving average averaging parameters
1 5 Rules for working with a moving average
1 5 1 Signals given by the moving average
1 5 2 Using moving average combinations
2 Trend indicator: “you are on the right path, comrades!”
2 1 About trends and linear regression lines
2 1 1 Small but important “introductory”
2 1 2 “Linear regression” - what kind of beast?
Rules for using the line
linear regression
2 2 Bollinger Bands
And now - about some practical rules
Bollinger Bands interpretations
Calculating Bollinger Bands
Especially for Pochemuchek
2 3 Parabolic system
And finally - about how to work
using parabolic SAR
2 4 Direction system
Now listen to the story about how, with the help
referral systems to make transactions
Construction of a referral system
2 5 Accumulation/distribution indicator
Rules for handling the accumulation/distribution (A/D) indicator
2 6 Aroon indicator
2 7 RAVI indicator
Interpretation of RAVI signals
2 8 Alpha-beta trend
Rules for using alpha-beta trend
Calculating alpha-beta trend
2 9 Ichimoku indicator
Working with the Ichimoku indicator
and colorful clouds
Oscillators: Across the seas along the waves! Here today, there tomorrow!
3 1 Critical areas and the principle of divergence
in forecasting market dynamics
Rules for using OSC
3 2 Moving Average Convergence/Divergence Method (MACD)
How can you use MACD
3 3 MACD histogram
Operating rules
3 4 Momentum
Ways to use the torque indicator
3 5 Rate of change
Signal interpretation
3 6 Smoothed rate of change
Rules of interpretation
3 7 Balance volume
Criteria for assessing OVB behavior
to make a thoughtful decision
3 8 Chaikin Oscillator
How to work with Chaikin oscillator signals
3 9 Relative Strength Index
Rules for working with RSI
3 10 Stochastic oscillator
Working with stochastic signals
3 11 Williams indicator
Rules for interpreting signals
3 12 Forecast Oscillator
3 13 Indicator parameters
3 14 Rules for using oscillators of all types
For whom do Japanese candles shine?
To whom do they shine and what do they illuminate?
4 1 Classification and terminology
4 2 Interpretation of isolated candlestick signals
4 2 1 Method of encoding the geometry of candles
4 2 2 Bullish signals of isolated candles
4 2 3 Bearish signals of isolated candles
4 2 4 Reversal candles
4 3 Paired configurations on candlestick charts
4 3 1 “Bullish” signals of paired combinations
4 3 2 “Bearish” signals of paired combinations
4 4 Combinations of several candles
4 4 0 The evening ceases to be languid!
4 4 1 Bullish signals
4 4 2 Bearish signals
4 5 Nuances in analyzing candlestick configurations
Where the candlestick pattern appears
Ideality of the model
Signal confirmation
Remoteness of your goals
Individuality
5 Tic-tac-toe: a game or a source of information?
5 1 Rules for constructing point-digit graphs
5 2 Simple figures on point-digit graphs
" 5 3 Complex figures on point-digit graphs
5 4 Construction and analysis of trend lines
5 5 Price targets on point-digit charts
We look forward to meeting you again!
Literature
International Academy of Stock Trading
"FOREKSCLUB"

If you take what you read in this book seriously, there is a very good chance that you will actually become a technical analysis professional someday.

I would like to believe that at the same time you will become the modest owner of your own football field somewhere within the Moscow ring road or a dacha in sunny Italy, whichever you prefer.

We have already hinted to you that this book contains information about technical analysis and tools used by traders around the world to predict movements in currency rates. In particular, by instruments we mean so-called indicators.

If you think that this is something very complicated and we will allow you to gain great knowledge, then we hasten to disappoint you: an indicator is just a chart, and the art of using it is based on your ability to observe it and draw conclusions with its help.

In general, the topic is quite accessible even for children of high school age. During the existence of the stock and foreign exchange markets, a great variety of such indicators have been created, but practically the same “gentleman’s” set with individual adjustments is actively used.

Most of these indicators are designed to work with candles. However, it happens that traders use tic-tac-toe, Kagi or Renko representations in their work.

In this book, we will do as our conscience tells us: together with you we will look at the main indicators that are built on the basis of candles, that is, based on data on four traditionally important types of prices - open, close, high, low.

Next, let's look at candlestick patterns, which can tell you a lot about price movements even without indicators, because their interpretation is based on an understanding of crowd psychology. And only then, in the last part, we will look at the basics of working with data presented in the form of tic-tac-toe.