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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.
2. There are a dozen major
Japanese candlestick Forex
signals and forty signals in
all.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
4. These technical trading
signals are strong indicators
or subsequent market
action.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
5. Their strong advantage is
their clarity.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
6. Japanese candlestick trading
signals do not show up
every day in currency
trading.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
7. When they do they are
useful in achieving profits in
predicting changes in foreign
currency rates.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
8. 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
10. Japanese candlestick Forex
signals are pictorial
representations of price
action in the Forex market.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
11. 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
12. Its ends represent the
opening and closing prices
for the day.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
13. 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
14. 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
16. 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
17. 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
18. 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
19. 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
20. 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
22. 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
23. 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
24. Each Japanese candlestick
Forex signal indicates a market
reversal in the direction of the
second day candle.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
25. Piercing Pattern
This 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
26. Hammer
This 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
28. Morning Star - three candles,
first black and long, second
small and white below the
first, third white, long and
higher than the second
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29. Evening Star - three candles,
first white and long, second
black and small above the first,
third black and long below the
second
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30. 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
31. Shooting Star- a short candle
with a very long upper
shadow and no lower
shadow
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
32. This signal predicts a market
reversal after an established
trend.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
33. 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
34. Smart traders learn to
confirm these signals before
jumping in.
www.forexconspiracyreport.com/japanese-candlestick-forex-signals
