Candlestick
A price chart that uses rectangles that range from the opening price to the closing price of each trading session. The rectangle is dark (usually black) if the closing price is lower than the opening price (a down day), or light (usually white) if the close is higher than the open (an up day). Candlestick charts, which originated in Japan, are very similar to bar charts, although they pre-date them by a number of years.
The high and low price extremes extend as vertical lines above or below these rectangles, forming "wicks" to the bodies of the candles represented by the rectangles. Of course, if the high and low of the day are identical to the open and close, no wicks will exist; conversely, if the open and close are the same price, no rectangle (body) will exist. Like bar charts, candlestick charts can be constructed on any time frame.
Articles related to Candlestick
September 26, 2008
Steve Nison
When it comes to trading with Japanese candlesticks, the first name that comes to mind is Steve Nison. Nison is widely-recognized as the authority on this method of charting that has truly revolutionized the way that traders have come to look at price charts.
(more)September 8, 2008
Steve Palmquist
In this conclusion to Steve Palmquist's candlesticks trading tutorial, the use of backtesting to determine the most favorable market conditions to use the bearish engulfing pattern is discussed.
(more)August 29, 2008
Eddie Kwong
Here are the best of the articles we published this week. We hope you enjoy them and prosper from them!
(more)August 29, 2008
Steve Palmquist
When accurately spotted, the bearish engulfing pattern can be one of the most powerful signals in Japanese candlestick analysis. Here's TradingMarkets contributor Steve Palmquist with some tips on what this pattern means, and how traders can use it in their trading and market analysis.
(more)
Eddie Kwong
Here are the best of the articles we published this week. We hope you enjoy them and prosper from them!
(more)June 10, 2008
Steve Nison
Candlestick patterns, the "secret of the orient", are great tools for predicting market patterns. Learn how to use them to maximize your trading ability.
(more)Dave Goodboy
Short-term breakout trading is generally a chart-based strategy that lends itself readily to technical analysis techniques and is an easy tactic for beginning and novice traders to grasp.
(more)March 27, 2008
Stephen Bigalow
No matter what you hear elsewhere, the candlestick signals tell you exactly what investor sentiment is doing. The Kicker Signal illustrates a very dramatic change in investor sentiment.
(more)
February 1, 2008
Mark Whistler
At the end of the day, waiting for confirmation is just good housekeeping, at least when trading from candlestick chart-derived signals.
(more)Deron Wagner
...it is common for the market to surrender intraday gains in weak markets
(more)
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