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Japanese candlesticks (I)
Where do Japanese candlesticks come from? Candlestick charts are thought to have been developed by Munehisa Homma, a Japanese rice trader. He developed a method of analyzing the futures market to predict the prices of rice contracts. This m...
Japanese candlesticks (II)
We will consider a number of patterns which comprise of two or more Japanese candlesticks. It should be noted, that they are of limited use on Forex as they presuppose that the closing price of the prior trading period and the opening price...
Chart types
Forex graphic charts are usually made in two coordinates - the price (shown on the vertical y-axis) and the time (shown on the x-axis). Sometimes the tick volume chart is also made along the y-axis. The time–axis scale (also called interval...
Trend lines
A straight line, connecting two neighboring lows, shows the minimal strength denominator of bulls; and the line, connecting two neighbouring tops, shows the lowest strength denominator of bears. These lines are called trend lines. Trend lin...
Tic-Tac-Toe chart
Point and Figure charts differ from the bar charts in two significant ways. At first, bar charts are constructed on time intervals regardless of whether there is any change in price. A new plot on a Point and Figure chart is made only if th...
