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Forex Candlesticks Made Easy

Cancel “Mystery Night at the Bijou.” There is nothing mysterious about the Doji Candlesticks, or about Japanese Candlestick Charting. Actually, they are almost self-defining, because Candlestick patterns are pictures, and the eye is designed to recognize pictures.

Doji Candlestick charting begins with the old familiar bar chart, the format which has been in use for hundreds of years. Nearly everyone who invests or trades understands the bar chart, which reports prices in the form of a vertical line the top and bottom of which represents the high and the low price of the day and in which the opening price is shown by a little tab on the left side of the line and the closing price by a little tab on the right side.

Japanese Doji Candlestick Charting price presentation builds on that by “fattening-out” that part of the vertical line which represents the… Continue reading →