Let's discuss video "Understanding Candlestick Charts for Beginners"

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Learn how to understand candlestick charts for beginners.

This video will teach beginners how to understand the information on a candlestick chart. It will take you through every part of the candlestick, step-by-step.

The information in this video is key for anyone interested in price action trading.


 
Automated-Trading:


Learn how to understand candlestick charts for beginners.

This video will teach beginners how to understand the information on a candlestick chart. It will take you through every part of the candlestick, step-by-step.

The information in this video is key for anyone interested in price action trading.


It's fascinating from an evolutionary perspective to realize that even in these modern days we can only understand something if we describe it in a way that takes it out of the random domain and isolates critical attributes of a problem.

Just like cavemen 32 thousand years ago , they drew bisons , the direction the bisons lived relative to the cave , and a draft idea of how to surround and catch them.  

Extraordinary

 
Hi MQL5 friends, greetings from Indonesia [translation from Indonesian]

Allow us to join the discussion about the "Candlestick" theory, to liven up this thread.

When referring to the discovery by "Munehisa Honma" a Japanese national in the 18th century. And popularized in the west by "Steven Nison". At that time, he was very popular in the world of rice commodity traders.

However, it is very irrelevant for today's use in a complex era. Our advice to consider, because the "Candlestick" theory has very low certainty problems & carries high risks. Because at this time, every pair on the world market influences each other. So when the era is discovered, the domino effect is still very small and this theory fully relies on "statistics" that make up the pattern. This could experience a shift if another market fundamental shock occurs.

In addition, its implementation depends on individual "beliefs", with a fifty-fifty probability. Simply put: Implementation in each timeframe can be different. Even if you want to be more observant in observing it, every candle in a futures company can be different on the same timeframe (especially small timeframes).

Do some research before applying to your completely risky trading business strategy. TQ
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