Upload
investingtips
View
684
Download
16
Embed Size (px)
DESCRIPTION
http://www.forexconspiracyreport.com/ Japanese Candlestick Forex Signals World and national events drive currency prices up and down. Using fundamental analysis of Forex pairs, traders seek to hedge currency risk and gain profits. However, monetary policy, balance of trade, and employment numbers can be all over the board. How can a currency trader make any money without a crystal ball? Technical Forex trading is the answer for many currency traders. Using technical tools as old and new as Japanese candlesticks, traders read market sentiment. The mantra of technical Forex trading is that the market quickly assimilates changes in fundamentals and speculates on what will come next. By tapping into market sentiment traders can profit when a situation is unclear. Technical Forex Trading of Major Currencies Technical analysis of major Forex currencies can lead to consistent profits. Although major currencies are typically not as volatile as minor currencies, they trade in high volume and high liquidity. These attributes are positives for technical Forex trading. A trader can spot market turnarounds when the overall market seems confused. Using basic technical analysis tools a trader of major Forex currencies can make money day in and day out by simply following the sense of the market and trading accordingly.
Citation preview
Japanese Candlestick Forex Signals
By www.forexconspiracyreport.com
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
There are a dozen major Japanese candlestick Forex signals and forty signals in
all.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Japanese candlestick signals evolved from rice trading in
ancient Japan.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
These technical trading signals are strong indicators
or subsequent market action.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Their strong advantage is their clarity.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Japanese candlestick trading signals do not show up every
day in currency trading.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
When they do they are useful in achieving profits in
predicting changes in foreign currency rates.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
What follows is and quick overview of Japanese candlesticks
and then a brief listing and over view of the dozen major Japanese
candlestick Forex signals.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Japanese Candlesticks
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Japanese candlestick Forex signals are pictorial
representations of price action in the Forex market.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
The day’s trading is represented by a vertical rectangle. This is
the candle. It is white when the day ends higher than when it started and black otherwise.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Its ends represent the opening and closing prices
for the day.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Lines extending from the top and bottom of the candle are called shadows and represent
the full range of trading for the day.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
A trading signal can be one or more unique candlesticks. Here are the dozen major signals for
helping predict changes in foreign currency exchange rates.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Dark Cloud Cover
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
This dark sounding name is for a two candle set that predicts a reversal of a
recent up trending market.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
The first day trades up. The second day gaps higher on open
and falls significantly to close slightly above the previous day’s
opening price.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
The Dojis• Doji - virtually flat candle with upper and lower
shadows• Gravestone Doji - virtually flat candle at the
very bottom of the trading range• Long Legged Doji - virtually flat candle with
one or two very long shadows
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
The principle information that one gains from the various Doji
patterns is that the market is indecisive. In a flat market this is
useless information.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
In a market that has been trending up or down it is
often a strong indicator of a reversal.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Engulfing Patterns
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Bullish Engulfing Pattern - short black candle on day one and much larger white candle on day two, “engulfing” the
first candle
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Bearish Engulfing Pattern - short white candle on day one and much larger black candle on day two, “engulfing” the
first candle
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Each Japanese candlestick Forex signal indicates a market reversal in the direction of the
second day candle.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Piercing PatternThis pattern is a bottom reversal signal. It consists of two candles. The first is long and black. The second is white and starts lower that the first after a gap down to open on the second day. The white candle is as long as the black.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
HammerThis signal consists of a relatively short white candle with no upper shadow and a long lower shadow. At the bottom of a down trend it predicts an upward reversal.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
The Stars
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Morning Star - three candles, first black and long, second small and white below the first, third white, long and higher than the
second
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Evening Star - three candles, first white and long, second
black and small above the first, third black and long below the
second
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Both of these are reversal signals that predict that the
market will move in the direction set by the last candle.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Shooting Star- a short candle with a very long upper shadow and no lower
shadow
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
This signal predicts a market reversal after an established
trend.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Trading Forex with candlesticks gives a trader a clear view of market sentiment in a set of
very precise market conditions.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
Smart traders learn to confirm these signals before
jumping in.