What is a candlestick and how to analyze market movements with a candlestick?
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Thread: What is a candlestick and how to analyze market movements with a candlestick?

  1. #1
    Trader Azis Muslim's Avatar
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    What is a candlestick and how to analyze market movements with a candlestick?

    Hi guys: hi:

    First of all, I thank you for all the staffs at RoboForex forum for organizing this extraordinary contest. I am very fortunate to be one of the clients here and become a member of this forum by sharing all of my experience from my early career started in forex till now.

    As we know in general, for a beginner it is very difficult to do this business because they do not know many things about this business. Beginners usually have some questions for them and they're trying to get the answer. As traders who have struggled and fought for years, we here should help them to find some solutions of their problems. Of all the important things about forex, I will personally explain 2 questions for the beginners based on my own story.

    1. What is a candlestick and how to analyze market movements with a candlestick?
    Candlestick is one of three charts available in metatrader4 which has a shape like rod - candles. Candlestick also can be used as a technique to map and read the price movements of stocks, commodities and forex. This technique belongs to a group of technical analysis and it is the oldest technique created by Munehisa Homma (Japan, 1724-1803).

    It is far easier to read candlestick's pattern than reading the price through bar charts and line charts. We can adjust the color of the candles, for example red color for bearish candles and green one for bullish. I will describe 2 patterns, they are bearish and bullish.

    a) Bearish Patterns
    If we look at some of the patterns below, it is a sign the market will move to follow the trend of bearish or declining. The patterns consists of:
    Bearish III, Bearish Harami and Cross, Dark Cloud Cover, Bearish Engulfing Line, Evening Doji Star, Evening Star, Gravestone Doji, Bearish Separating Line, Evening Window Star, 3 Bullish Soldier, Inverted Hammer, Shooting Star, Long Upper Shadow, Tweezer Tops and Hanging Man.

    b) Bullish Patterns
    If we look at some of the patterns below, it was a sign the market will move to follow the trend bullish or ascending. The patterns consists of:
    Bullish III, Bullish Harami & Cross, Piercing Line, Bullish Engulfing Line, Morning Doji Star, Morning Star, Dragonfly Doji, Bullish Separating Line, Morning Window Star, On-Neck Line, 3 Bearish Soldier, Inverted Hammer, Long Lower Shadow, Tweezer Bottoms, and Hammer.



    In addition, I would add some patterns that provides excellent results when I was trading using this technique about 1 year ago. Check this out.




    2. How to determine a suitable time for trading and what is market hour?
    Each time has different value of movements, depending on how many market participants were active at that time and the extent of the ongoing economic activities. Some countries have peak hours each of which affects the movement of its currency. For traders who likes a busy time, a suitable time is when economic activity is underway which led to high price volatility. While traders are more relaxed, they will choose a time when all activities reduced economic activity which caused sideways in the market.

    I think you got the answer, right mate? Yes, everything depends on our trading styles. For example, if we are scalper, we will trade in rush hours when market moves in high volatility. Here's the picture about market hour.




    I think that's all from me. If there is any error in the explanation of what I wrote and explained above, I apologize to you. Everything I shared here based on my experience and am still in the learning process. Because for me, learning is an endless process in my life. Thank you for your attention mate. Hopefully this can help the beginners to know this forex business well.

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  2. #2
    Super Moderator Gamer's Avatar
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    wow . so i can't help to resists many fingers to type so i am typing
    Well done, good content , excellent presentation , wish you best of luck .. PERIOD

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  3. #3
    Trader Azis Muslim's Avatar
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    Quote Originally Posted by Gamer View Post
    wow . so i can't help to resists many fingers to type so i am typing
    Well done, good content , excellent presentation , wish you best of luck .. PERIOD
    Thank you for your kind words, as always. I am just trying my best sir, wish of luck to all of us

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    Trader Sascha's Avatar
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    so this is how a contest work. you've done awesome, pal. i would like to participate to the contest too, gotta make couple things to do first. it's very helpful thread for me because now i know about the market hour in GMT. that candlestick's pattern also awesome. good job, pal.

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  5. #5
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    What a great come back again in the forum. You are on your way buddy, I love candlesticks very much and hope I will be able to learn some new candlesticks shapes from this thread.

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  6. #6
    Trader Azis Muslim's Avatar
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    Quote Originally Posted by Earnperfect View Post
    What a great come back again in the forum. You are on your way buddy, I love candlesticks very much and hope I will be able to learn some new candlesticks shapes from this thread.
    Thanks sir, I really appreciate it a lot. I have proved it that candlestick analysis is far simple than using any other indicator sir. Everything is just the way we understand it. I have shared the patterns and showed some proofs about it. So the rest is up to you sir. By the way, if you think this thread is helping, you may leave a thumb up here Thanks before that sir.

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    Trader lawners1791's Avatar
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    Quote Originally Posted by Earnperfect View Post
    What a great come back again in the forum. You are on your way buddy, I love candlesticks very much and hope I will be able to learn some new candlesticks shapes from this thread.
    as each with the stages of moderation requires of the beginning terms of appearance by the lines of axiom that good trader should keep with the good faith as following rules of the system as differing goodness from the badness and disposing those of the evil badness on not to ruin with the chance as working on entering scenes of field with the attains on moderation.

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  8. #8
    Trader Azis Muslim's Avatar
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    Quote Originally Posted by lawners1791 View Post
    as each with the stages of moderation requires of the beginning terms of appearance by the lines of axiom that good trader should keep with the good faith as following rules of the system as differing goodness from the badness and disposing those of the evil badness on not to ruin with the chance as working on entering scenes of field with the attains on moderation.
    although I do not really understand the essence of all the words that you wrote in my thread, I can only say thank you and always leave a thumb up here if you find my thread is helping out of traders

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  9. #9
    Trader Hukam's Avatar
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    Nice Aziz, I love the style of your writing, its simple and easy to understand wonderful work mate keep it up. You deserve a thumbs up ..

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  10. #10
    Trader Azis Muslim's Avatar
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    Quote Originally Posted by Hukam View Post
    Nice Aziz, I love the style of your writing, its simple and easy to understand wonderful work mate keep it up. You deserve a thumbs up ..
    Thanks sir for your kind words, really appreciate them. By the way, I also thank you for leaving a thumb up here.

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